Melo USA PC: Knowledgeable Cannabis Accounting and Tax CPAs

The cannabis industry has experienced remarkable growth the past few years, creating new opportunities and challenges for cannabis business owners. At Melo USA PC, we are a CPA firm that helps marijuana growers, distributors, retailers and dispensaries with cannabis accounting and tax services. We work with those in the recreational marijuana industry, as well as medical marijuana.

Our knowledge of the cannabis industry allows us to help you improve your bottom line through increased efficiency of their accounting processes. As a controlled substance, marijuana creates its own unique set of accounting and tax challenges. We help you navigate the tricky waters of tax planning and cannabis business operations.

Who We Work with In the Cannabis Industry

We work with:

• Cannabis Growers. We work with growers of all sizes to make sure your business is tax compliant.
• Cannabis Retailers and Distributors. We help protect your business by making sure you structure your dispensary as efficiently as possible. 

Our Cannabis Tax and Accounting Expertise

At Melo USA PC, there are many ways we can help your cannabis business.

• We prepare the CPA-attested financial statements needed to validate the capitalization amounts and sources as required for licensing by the State of Michigan’s Department of Licensing and Regulatory Affairs (LARA).
• We offer full bookkeeping and record keeping services. We follow all general Generally Accepted Accounting Principles (GAAP). We help make sure your accounting and financial records are compliant and up to date. 
• We offer a full range of cannabis tax preparation services, including individual and corporate income tax, MMFLA excise tax, and sales tax. We can also consult on IRS Section 280E strategies, as well as IRC 471. We also guide you on proper accounting and tax record keeping for cultivation, processing, and retail cost of goods sold.
• Lastly, on a consulting basis, we can help your cannabis business prepare for and implement proper accounting systems, internal controls, cost accounting standards and processes, business and financial best practices, and more. We can advise and consult on industry-specific accounting and tax issues.

Our Cannabis Accounting and Tax Services

Our specific cannabis accounting and tax services include:

Accounting Services

• Preparation of CPA-attested financial statements
• Federal and State Tax Preparation
• Monthly and Quarterly Financials Preparation
• Internal Controls Analysis and Development
• IRS Audit Assistance
• Complete Payroll Services
• Bookkeeping Services

Tax Services

• Federal and State Tax Preparation
• 280E Tax Reduction Strategic Planning
• Excise, Sales and Use Tax Assistance
• IRS Audit Assistance

Consulting and Advisory Services

• Internal Controls Analysis and Development
• IRC 280E Analysis and Strategic Planning
• Key Performance Indicator Dashboard Development
• Budgeting and Forecasting
• Mergers and Acquisition Assistance
• Cash Flow Management
• Succession Planning
• Inventory System Analysis and Implementation
  Entity Selection and Creation
• Strategic Business Planning
• Staff Education and Training