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(618) 656-6010
For Cannabis & CBD Businesses

Cannabis Accounting built to keep more of what you earn.

Section 280E strategy, COGS maximization, and state compliance for cannabis operators and CBD companies. We know what is deductible, what is not, and how to legally optimize.

Schedule Your Consultationor call (618) 656-6010
Cannabis dispensary counter

Books closed by the 10th
Every month. In writing.
3,000+ clients served
Best Accountants, SBM Finalist
AICPA Member Firm
QuickBooks Certified ProAdvisor
Serving clients nationwide
What we solve

What makes cannabis accounting so demanding

The 280E rules that change everything about how you account.

1
Section 280E restrictions
Cannabis businesses can only deduct COGS, not ordinary business expenses. This changes everything about how you account and structure the business.
2
Cash-heavy operations
Limited banking access means complex cash management and heightened audit risk. Reconciliation and internal controls are not optional in this environment.
3
Multi-state compliance
Licensing, reporting, and tax rules differ by state and all must be meticulously documented. A missed filing in one state creates risk across the operation.
4
Inventory and COGS complexity
Seed-to-sale tracking and multi-layer COGS require disciplined, specialized systems. Most generalist bookkeepers are not equipped to build them.
What we do

One firm for the whole financial back office.

Four services, one team, one monthly rhythm, all built around how your business actually runs.

Accounting
Financials that survive 280E.
280E-aware expense allocation
COGS separated from non-deductible costs
Investor- and lender-ready statements

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Bookkeeping
Clean, reconciled books every month.
Cash-heavy transaction tracking
Up-to-date books by the 10th
Audit-ready records year-round

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Managed Payroll
Your team, paid right, on time.
Full-service payroll runs and filings
Multi-location staff handling
Owner and manager compensation

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Tax
Planning around 280E all year.
280E exposure modeling
Section 471 COGS strategy
Entity structure for operators

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The difference

We do things differently than most accountants.

Most firms are built around volume. File the return, move on, repeat. Here’s what you get with us instead.

What you’re used to
A generalist applying standard accounting rules to a 280E business
COGS underbuilt and ordinary deductions incorrectly claimed
Cash operations with no reconciliation controls
Multi-state compliance handled as an afterthought
Entity structure that maximizes tax instead of minimizing it
With Thompson Flaherty
A CPA built around 280E, COGS optimization, and state compliance
Every qualifying production and inventory cost captured and documented
Reconciliation and cash-management controls for high-volume operations
Books that satisfy state reporting and withstand regulatory audits
Separate ancillary and plant-touching entities to unlock more deductibility
Getting started

How working together begins

The first call is completely free, with zero pressure and zero obligation. Just a straight, honest read on your business.

01
Free intro call
Tell us about the practice and your goals. No pressure and no commitment, just a real conversation.
Step 1
02
We review your numbers
We dig into your books, payroll, and prior returns, then show you exactly where we can help.
Step 2
03
We take the wheel
We transition your accounts, clean things up, and put reliable systems in place. Fast.
Step 3
04
Year-round partnership
Proactive planning, fast answers, and ongoing advisory. We’re in your corner all year.
Ongoing
The team

Who you’ll work with

You’ll work directly with the same CPA every time, someone who actually knows your numbers, your goals, and your industry.

Tyler Hawkins

Tyler Hawkins, CPA
Senior Certified Public Accountant
Kelly Flaherty

Kelly Flaherty, CPA
Senior Certified Public Accountant
Jim Klostermann

Jim Klostermann
Senior Tax Accountant
Christian Kimble

Christian Kimble, CPA
Certified Public Accountant

Common questions about cannabis and CBD accounting

Straight answers about working with us. Anything else? Bring it to the call.

Yes. Section 280E is one of the most consequential and misunderstood tax rules in any industry. We structure COGS documentation, entity separation, and ancillary business activities to legally maximize what you can deduct. We also stay current on rescheduling developments and how they affect planning.
Let’s talk
Ready to work with a CPA who actually gets back to you?
Whether it’s your books, payroll, or a real tax plan, let’s talk. The first call is free, with zero pressure.
Schedule Your Consultation

Prefer the phone? (618) 656-6010

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