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918.322.1118

Accounting - Cannabis Business Professionals of Oklahoma

Accounting

The professionals of CBPOK.org have the expertise necessary to help navigate through the many challenges those in the business of cannabis are experiencing on a daily basis. Our professionals work with large physician groups, hospitals and others in the industry guiding them through similar complicated regulations and complex tax structures. Most importantly, we help our clients look ahead and position themselves where the industry is going and navigate to future success.

Cannabis Experience:

We work with:

• Medical cannabis dispensaries
• Cannabis technology companies
• Cannabis landowners
• Private equity
• Family office

Here are some important tax areas we assist with:

  •  IRS 280E
    • State and local income and sales tax
    • Maximize your cost of goods sold (COGS)
    • Understand how to allocate your expenses for most tax efficient IRS reporting
    • Structuring your entity in a way that works best for your business type and results in most tax savings
    • Determine alternate arrangements
    • Diversify
    • Capitalize on investment opportunities
    • Supply Chain Analysis

Other services we offer: 

Accounting services including:

  •  Bookkeeping
  • Cash management
  • Internal controls
  • Inventory control and costing

Mergers & Acquisitions:

  • Due diligence
  • Buy-side and sell representation
  • Strategic tax planning
  •  Financial Statements
  • Audit
  • Review
  • Compilation
  • Audit readiness

Consulting:

  • Cash processing procedures
  • Accounting and inventory software implementation

Investment Planning:

  • Future projections
  • Budgeting
  • Tax consulting
  • Choice of entity
  • Preparation of form 8300
  • Sales use and excise taxes