Cannabis-centered companies jump through hoops on a daily basis. Diving into the complex tax, accounting and operational issues surrounding an industry whose legality differs from the state to federal level shouldn’t be on your to-do list. With experts that run the gamut of accounting, tax, operations, products, politics, and risk assessment, to name a few, Accounting Buds is well-staffed and solidly prepared to handle those challenges and more.
Section 280e has become an increasingly daunting hurdle for cannabis companies. US Code 280e was originally developed in 1982 to curtail trafficking of illegal substances; with cannabis’ newfound legality in several states, the IRS has begun targeting businesses by creating “pot teams.” By studying everything from indoor grow yield vs. electricity bills, to ATM receipts vs. expenses, the IRS is targeting the cannabis industry like never before.
We’ve done the research and have developed a multi-faceted team of specialized advisors that are dedicated to the cannabis industry. Our seasoned professionals understand the complexities of the cannabis industry- let us tailor strategies to help your company navigate those complexities.
Minimize taxes. Minimize risk. Let Buds Group help you grow.
CANNABIS COMPANIES NEED TRAINED ACCOUNTANTS
With razor-thin profit margins and all kinds of tax and capital issues to deal with, accounting operations for cannabis companies are more complex than a normal business. Navigating through the laws, requirements, and technicalities can make or break your cannabusiness if you aren’t familiar with state and federal rules.
Inexperienced accounting professionals, who aren’t familiar with the specific needs of cannabis companies treat these businesses like every other company and are getting these business owners into hot water as a result of not knowing how to correctly do cannabis accounting!
VALUES
PASSION FOR PROBLEM SOLVING
Passion for our work drives our success. We have energy and a natural problem-solving drive that makes work feel less like work.
OWNERSHIP & ACCOUNTABILITY
We set clear, realistic goals and hold ourselves accountable for achieving them, guided by our next core value.
OPEN COMMUNICATION
Share constructive insights in real-time. Though difficult in tough situations, honesty is better for the long-term.
INTEGRITY
Our #1 value is integrity. It drives everything we do and inspires all our values.
QUALITY AND EXCELLENCE
Other values are not meaningful without this one. We aim for quality and excellence in all we do.