Med Marijuana Accounting

Medical Marihuana Accounting, Tax & Consulting Services

Our firm is a full service accounting firm offering accounting, financial consulting, tax preparation, planning & research. We provide business owners in the Michigan marihuana industry with the necessary supporting documentation to comply with the license application process and after licensing approval, with sound, prudent financial and tax services to operate their enterprises. 

For the MMFLA licensing application process we can provide CPA attested financial statements and bank statements, in addition we assist with tax and tax compliance questions, financial information questions plus concisely assembling all other tax and financial documents required for license application requirements into a comprehensive package for licensing authorities. 

MMFLA Licensing and Compliance with Bureau of Medical Marihuana Regulation

• CPA Attested Active Bank & Financial Statements
• Financial Information Application Responses
• Tax and Tax Compliance Application Responses
• Debt, Liability and Insolvency Application Responses
• Prepare Comprehensive Package of financial, tax return, payroll and accounting documents
• Assistance with Applicant’s Entity Information Responses and Documents
• Assistance with Applicant’s Ownership Interest Information Responses and Documents
• Preparation or Assistance in Preparation of Business Plans for Licensure

Pre-Licensing Filing and Post-License Authorization Services

• Business Structuring Considerations: Corporation, Partnership, LLC, Sole Proprietor
• Cost accounting: Direct v. Indirect Costs; Variable v. Fixed Costs; Overhead Costs
• Tax Compliance to Internal Revenue Code Sections 280E, 471, 263A
• How is Cost Of Goods Sold Determined when Subject to Sections 280E, 471, 263A
• Allocation of Expenses to Non-Cannabis Sales
• Compliance with the Bank Secrecy Act Regarding Anti-Money Laundering Laws
• Compliance with IRS Form 8300: Report of Cash Payments over $10,000 Received in a Trade or Business
• Connections with Financial Institutions Willing to Assist with General Banking Functions

Our Firm has rendered a multitude of services to our clients from: general accounting; tax research – analysis - compliance - problem resolution; financial analysis; business plans; feasibility studies, financial investigation; fraud analysis; asset searches and tracing; liquidation of assets; valuation analysis; business turnaround services and Expert Witness testimony.

We Can Provide These Services for Your Company
Call Our Firm and Talk to Our Professionals
(248) 356-3150