Heather’s Bookkeeping & Tax Services one of the first women-owned accounting firms in the world to focus solely on the cannabis and hemp industries. Heather’s Bookkeeping & Tax Services is your one-stop provider for accounting, audit, tax and advisory services for cannabis accounting. Heather’s Bookkeeping & Tax Services works with all types of organizations that provide legal recreational cannabis, medical marijuana, low-THC and high-CBD products, hemp farming, and ancillary services. Get the full support you need, contact us today.
Our accountant advisors have guided dozens of California cannabis businesses through an incredibly challenging business and regulatory environment. From minimizing the effects of IRS 280E, to inventory management, and preparing audited financial statements, our services address the industry’s most unique and ever-evolving issues. Our professional accountants provide value to our clients and the full support they need.
Making the right decisions at the right time is critical for any business. For cannabis and hemp businesses, the importance of timing increases tenfold because the legalized marijuana and federal hemp marketplace is ever evolving. Legislation is constantly changing, and operational challenges can arise when least expected. If you would like an expert to review your process and assist with your cannabis business contact us today.
Month-end Accounting and Quarterly-end Accounting write up
Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Balance Sheet and Income Statement preparation, general ledgers, check registers, receipts journals, and bank reconciliations.
GAAP Accounting Standards
We establish a set of rules that encompass the details, complexities, and legalities of business and corporate accounting. The Financial Accounting Standards Board (FASB) uses GAAP as the foundation for its comprehensive set of approved accounting methods and practices. GAAP compliance makes the financial reporting process transparent and standardizes assumptions, terminology, definitions, and methods. External parties can easily compare financial statements issued by GAAP-compliant entities and safely assume consistency, which allows for quick and accurate cross-company comparisons.
Annual Accounting and Tax Returns
We can consult with your internal and external accounting staff on your chart of accounts- including allocation between costs of goods sold and SG&A (sales, general, and administrative) costs.
We dive into valuation and costing, it’s important to make the distinction between price and cost. Although this might seem obvious, in the frenzy of running your business it is possible to miscalculate on total costs and lose money on a sale. We want to help and put together all the different items you account for in your product cost and help you be competitive in your market.
Heather provides outstanding service to her clients because of her dedication to the three underlying principles of professionalism, responsiveness, and quality. The cannabis accounting firm is one of the leading firms in the area. By combining our expertise, experience and the energy of our staff, each client receives close personal and professional attention. She has high standards, services and specialized staff makes the difference between our outstanding performance and other firms. We make sure that every client is served by the expertise of our whole firm.