Washington Marijuana CPAs
Washington-based marijuana businesses need the best.
Put our experience to work for you.
Legalized cannabis, hemp, and CBD businesses in Washington cannot be run like normal businesses.
From Regulations to Taxation, GJR Consulting
In 2012 Washington was the second state government to legalize the recreational use of marijuana, which means Washington businesses have had years of marijuana revenues and reporting. Washington cannabis crops are tracked from seed to sale to ensure the products end up in state-regulated retail stores. The result is a stable marketplace, despite a heavy tax rate of 37%.
At GJR Consulting, we cater specifically to marijuana businesses so your Washington hemp, CBD, or marijuana-based business can make sense of complicated and sometimes contradictory laws that govern financial reporting and taxation. Some of the services we offer include:
- Mitigating the impact of 280-E expenses
- Ensuring all local, state, and federal taxes are reported and paid properly
- Streamlining financial reporting processes
- Tailoring record keeping to your unique operations
Marijuana, hemp, and CBD oil businesses in Washington face a difficult road ahead. Federal laws still consider marijuana an illegal substance, so state-regulated marijuana retailers and related businesses cannot deduct ordinary business expenses from their taxes. This creates a heavy tax burden that limits profitability and growth.
GJR Consulting is the accounting expert that can help you make sense of everything. Cannabis companies are regularly hit with audit requests because they exist in what is currently a gray area; tax codes are applied differently and even the legality of your business is open to debate. Your business is a pioneer in an emerging field. Don’t run your marijuana-based business alone—contact us today to get your operation on the right track.
Professional, Knowledgeable Washington CPAs
Any marijuana-based business needs to be firmly rooted in consistent and compliant financial reporting. This is how an experienced financial consultant can make all the difference. Our experienced team of licensed experts can take the burden away from your business and leave you to focus on doing what you do best. But beyond that, we make sure you understand your local tax and financial reporting laws as they relate to your business. This is important for you to make proper decisions and guide your business through uncertain times.
Our accounting services are based on exactly what your business needs including:
- Accounting
- Regulated business advisory services
- Tax services
- Payroll
Contact Us – Washington
It is a fallacy that your marijuana business operates in a free market. The reality is you operate in a controlled market and the best ally you can have is a CPA that understands the uniqueness of your business. With GJR Consulting, we solidify your tax and financial reporting procedures so your business is able to handle any changes in regulations or tax laws. No matter what you’re looking for, we’re confident that we can provide exactly what you need. Find out why our clients love collaborating with our team here at GJR and start your journey toward a brighter financial future.
Whether you’re in the neighborhood and want to stop by, or you want to schedule a meeting with a quick phone call, we’re happy to make time for our clients.
We believe in changing the status quo, we believe in thinking differently.
We just happen to be CPA’s. Want to use us?