420CPA

We can consult with your internal and external accounting staff on your chart of accounts- including allocation between costs of goods sold and SG&A (sales, general, and administrative) costs.

Segregating costs appropriately are critical in cannabis businesses in light of the deductibility of 280E expenses. We can assist you in determining appropriate methodology for allocating material, facility, payroll, and overhead costs in light of current tax law.

We consult with your external or internal accounting teams on best practices for internal controls & proper accounting setup to ensure that cost of goods & SG&A are segregated appropriately.