Turning Tax Challenges into Growth Opportunities
OVERVIEW
In the highly-regulated cannabis industry, businesses must navigate a complex web of federal, state, and local tax challenges. With proper support, cannabis enterprises can turn the burden of tax compliance into a competitive advantage. Rittertime has partnered with a dedicated Cannabis Tax Practice that provides a blend of technical insight, industry knowledge, and proactive planning that helps cannabis businesses lower their tax burden and power long-term stability and growth.
#wheelhouse
Here is a quick breakdown of turnkey solutions that we can help you with:
IRC 280E Consulting
Analysis of entity structure, Cost of Goods Sold (COGS), and other factors affecting business deductions.
Tax Compliance
A wide array of tax services, including return preparation, which ensure compliance with reporting obligations.
Tax Planning and Strategy
Insight to help manage risk, address regulatory requirements, and achieve long- and short-term strategic objectives.
State & Local Tax
Assistance identifying opportunities and limiting risk with credits and incentives, income and franchise taxes, property taxes, and sales and use taxes.
International Tax
Guidance for limiting tax exposure by structuring in-bound and out-bound transactions worldwide.
Tax Incentives
Tax advisory services to help you secure favorable Federal and State incentive packages so you can reinvest in your business.
OUTSOURCED ACCOUNTING
We focus on the back office so you can focus on the things that matter the most to your business.
TACTICAL
Accounts payable
Accounts receivable
Account reconciliation
Record outside payroll
Cash flow management
Tax preparation
TARGETED
Targeted
Budgeting
Custom reports
Financial dashboards
1099 preparation
Sales and use tax
Progress meetings
STRATEGIC
CFO services
Tax consulting
IT consulting
Estate planning
Succession planning
Strategic planning
While outsourcing is commonly recognized as a valuable tool to help cut administrative costs, it can be much more than that. Our tax partners are not only implementing best-in-class processes and technologies that drive tangible efficiencies – we back it up with a world-class team of CPAs and advisors that offer more than savings.
If you are a growing business or a business that needs a bit of financial house cleaning get in touch with us and we can help you understand how to use taxes and accounting to facilitate growth, stability and streamline your business. Please provide some basic info below and we will get in touch with you right away.
