Cannabis Tax Services
Cannabis Tax Services From Leaders in the Field
- Delivery services
- Intellectual property companies
- Management companies
When you work with the BGM team, you gain a partner that’ll provide year-long guidance to help you attain your goals. We’ll thoroughly review your financial position to develop the most effective and beneficial tax strategies for your cannabis business.
BGM offers a full range of state and local cannabis tax and accounting services to CBD, hemp, medical marijuana, recreational marijuana and related organizations:
- Apportionment and allocation review
- Compliance requirements
- Consolidated tax returns
- Deferred compensation
- Entity selection and structuring
- Federal, state and local tax reporting
- Mergers and acquisitions
- Multi-state tax returns and tax strategy
- Nexus requirements and planning
- Property tax compliance
- Reorganization (LLC to corporation or not-for-profit to corporation)
- Representation before federal and state tax authorities
- Sales, use and local tax review
- State and local tax incentives
- State tax audits
- Tax planning
- Transaction structuring
- Unitary taxation
BGM can assist you with business decisions on foreign transactions and reporting to help make your international cannabis business operations a success. Our international tax services for hemp, CBD, medical marijuana, recreational marijuana and other cannabis businesses include:
- Foreign tax credits
- Foreign tax filings
- Joint ventures
- Recruiting assistance and legal and banking contacts
- Structuring repatriation
- Tax equalizations and tax incentives
Moreover, BGM is a member of MGI Worldwide, a top 20 international accounting network of independent audit, tax and accounting firms. MGI greatly expands our international client service capabilities and helps us stay current on accounting, audit, tax and advisory developments.
MGI member firms are recognized for their high-quality service, professional commitment and integrity. Through this organization, we’ve established relationships with trusted professionals around the globe. These give us unique access to local perspectives on many issues that confront international cannabis entrepreneurs.
The BGM tax team has worked with hundreds of organizations and has been through dozens of IRS and State 280E audits. Our cannabis and marijuana tax accountants have been instrumental in developing comprehensive tax strategies to maximize 280E and improve profitability and cash flow.
We’ll work with you to ensure state and federal compliance with existing tax laws. We’ll also aggressively identify and pursue refund opportunities for prior periods and 280E minimization strategies.
Additionally, our experts have testified in various states to allow cannabis organizations to deduct 280E on their state tax returns. Our cannabis tax accountants and professionals also work alongside other state organizations to lobby for state tax law modifications.
When it comes to knowing this industry and pursuing the best results for cannabis businesses, no team does it better than BGM.