We review your bookkeeping and prepare local tax returns
- Monthly CPA review of your financials
- Monthly adjusting entries for inventory, prepaids, and accruals
- GAAP financials and month end reports
- Preparation and filing of local tax returns
- Cash flow provisions for local taxes
We review your bookkeeping and prepare local & federal tax returns
Everything in Basic package plus:
- Preparation of your federal and state tax returns
- Year end tax planning
- Quarterly estimated tax payment vouchers
- Cash flow provisions for federal taxes
We do bookkeeping and prepare local & federal tax returns
Everything in Standard package plus:
- Data entry of expenses and deposits
- Bank and Credit Card reconciliations
- Cost of accounting software
- Support docs attached to transactions
Are these plans not your cup of tea? Please contact us for a customized plan.Inquire
Frequently Asked Questions
Have a different question? Get in touch with us.
Do you charge by the hour?
We avoid billing by the hour whenever it’s possible. It creates ambiguity and makes you worry about your upcoming CPA bill. The only time we are billing by the hour is when we cannot reasonably estimate our time spend on a specific non-recurring project.
Can I meet you in person? Afterall, you have my personal information!
We will be more than happy to meet you in person if you are in San Diego area. If not, we try to set up Zoom meetings for all of our new customers. Also, California CPAs can be verified on the CBA website. You are welcome to look us up! We are in compliance.
How do you deliver sensitive information to clients?
We are paperless and virtual. We utilize a secure client portal to exchange and deliver private information. Client documents are encrypted and stored on a secure server with two-factor authentication.
Can you prepare my 1040?
Yes we can! However, please keep in mind that individual tax preparation is not included in our business plans offered above.
Do you require a retainer?
We don’t ask for a retainer as long as you came to us from a different cannabis CPA firm. We trust our colleagues and believe in their accounting expertise. However, if prior to us you were doing your own accounting, or you are just starting out, we will ask for the retainer because of the amount of work that will be required to set up or clean up your accounting.
Why are you so inexpensive?
First, we work from home and keep our expenses lean. Second, cannabis startups pay huge taxes and they need CPAs with expert knowledge of 280E mitigation. Accounting firms are aware of your tax situation and use it to their advantage by artificially inflating their accounting rates. We don’t do that. We base our pricing on the amount of expected work and not your despair. Our rate is $150 an hour, and it is a standard rate for a small CPA firm anywhere in the US. If we think that your business requires 5-6 hours of monthly CPA work, we will offer you our Basic Plan. The more hours we plan to spend on your accounting, the higher our monthly fee will be. If we later find out that we grossly under or overestimated required work hours, we will adjust our bill accordingly.