About Client
Redbud Advisors LLC is an accounting firm whose staff has many years of experience servicing small business owners and helping them minimize their tax loads and providing tax planning, consulting and bookkeeping. Redbud Advisors LLC exclusively serves the cannabis industry and provides professional services that will enhance your compliance, transparency and accountability. We don’t view our services as a cost to you, but as a value added. Our goal with every client is to keep them in compliance while saving you time and money.
We know accounting and tax and we know cannabis.
SERVICES
Marijuana is legal in your state, but still illegal on the federal level. This has created an unusual culture where the potential profits are high, but the risk is also very high.
The IRS is a Federal Agency, and to them, cannabis entities are operating an illegal business. They have set the tax code to specifically stack the deck against your company. Every other type of business can deduct ordinary and necessary business expenses, however, cannabis companies cannot!
The only allowable REDUCTION of income is Cost of
Goods Sold (COGS).
With no firm guidance from the regulatory boards, most established CPAs and accounting firms are not interested in servicing the market. While many of the ones that are getting in are not fully versed in the nuances and enormous requirements that faces these businesses. This is potentially creating a world of trouble with the IRS and the law for their cannabis clients.
Rose Taylor, EA Redbud Advisors Cannabis Accounting Firm with a rock star team!
