High Knowledge CPA + Consultants

El Paso, CPA firm

Free Consultation

New Business Startups

new business startups

Are you thinking of starting a business in the highly-regulated cannabis industry? While running a business that the federal government classifies as “drug trafficking” you’re bound to run into some serious financial and tax questions. The demands of turning your operation into a legal, tax-paying business may seem intimidating and mistakes made at this stage can be costly, but we can help. High Knowledge CPA + Consultants will guide you through the changing landscape of state and federal tax regulations and show you how to start a business that’s set up to keep growing.

Our CPAs and accountants work with all types of cannabis industry organizations to create profitable businesses including marijuana growers, distributors, and retailers. From integrating a tax-efficient business structure and setting up your accounting software to best practices for handling cash and direction on how to allocate costs, we’ve got you covered. As your business advisor, we’ll also create a comprehensive strategy for optimizing deductions and minimizing tax problems.

Learn how to conquer financial obstacles and plant the seeds for a successful cannabusiness! Call us now at 646-922-5683 or request your free consultation online to get started.

Help Starting a Cannabis Business

  • Entity selection for cannabis organizations
  • Establishing relationships with banks
  • Accounting software setup including chart of accounts
  • POS system implementation and seed-to-sale tracking
  • Budgeting
  • Strategic tax planning
  • Federal and state tax compliance
  • Cost allocation and cash maintenance