Navigating the complex financial landscape of the cannabis and psychedelic industry demands a specialist who thrives on challenges and understands the complex rules and regulations.
In a world where state and federal governments have clashing accounting and taxation rules on these industries, I recognize the daunting challenges that business owners face.
Federal law, specifically 280e of the IRS Code, disqualifies many standard business deductions for cannabis and psychedelic businesses. Meanwhile, each state applies its own set of taxation rules. Finding a solution for state-legal but not federal-legal accounting practices is a puzzle, and I love solving it!
I am a rare person who loges numbers and researching rules, laws, and tax codes. I know..weird, huh?
My husband and I, founders of THCFO Accounting, LLC, have a single focus: to become the go-to experts in cannabis and psychedelics financial management.
The National Association of Cannabis Accounting and Tax Professionals proved the perfect solution to specialize and excel in our industry. We earned our Certified Seed Counters designation, a distinction held by fewer than 1% of accounting firms. This certification underscores our commitment to being at the forefront of this industry, providing you with the expertise and insights you need to succeed. Our clients also benefit from our network and resources.
Being flexible and finding solutions is what I have always done in business and personal life. Loving a challenge, I decided to attend a doctoral program while raising two high school-age children who were committed to their swim team. Swimming is a year-round sport with many obligations.
And to make things more interesting, the program I was attending kept changing the graduation requirements like a moving target. Being adaptable and flexible allowed me to complete my doctorate and cheer on my teens.
I learned that I thrive through challenges. Managing the accounting issues for the Cannabis and Psychedelic industries doesn’t intimidate me.
We focus on maximizing your deductions, increasing the valuation of your business, and helping you stay audit-ready.
We offer services to meet your business needs, from basic bookkeeping to CFO services, with reasonable fees.
We’ll Grow Together!
Schedule a call to learn more at https://calendly.com/thcfoaccountant/hello
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salem oregon usa
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44.9391565, -123.033121