We Understand Cannabis Tax Laws

Expert Accounting Service in PA, NJ, NY, DE, & More

Cannabis CPA Firm in Bucks County, Montgomery County, & Philadelphia

The cannabis industry is one of the fastest-growing industries in the United States. With that growth comes new opportunities – and new challenges. SD Associates, P.C. is a cannabis CPA firm in Bucks County, Montgomery County, and Philadelphia that provides accounting, tax, and financial consulting services to businesses in the cannabis industry. With many business owners facing tax filing for the first time, it’s essential to enlist the help of financial experts. Our team of certified public accountants (CPAs) is here to help your cannabis business navigate the complex world of taxes. Contact us today to learn more about our tax services for the cannabis industry or schedule your consultation.

Cannabis Accounting Services

Advisory Services: As a cannabis business owner, you may need help with bookkeeping, tax planning, and financial consulting. SD Associates, P.C. offers expert advisory services to businesses in the cannabis industry.

Tax Services: SD Associates, P.C. is a tax firm that specializes in tax services for businesses in the cannabis industry. If you are unfamiliar with business taxes, it can be challenging to determine which tax deductions and credits you are eligible for. Our CPAs can help you maximize your tax benefits and minimize your tax liability with professional tax planning, tax return preparation, and tax compliance.

Bookkeeping: Keeping accurate and detailed records is essential for any business, but it can be especially challenging for businesses in the cannabis industry. SD Associates, P.C. offers full-service bookkeeping services to help you stay organized and compliant with state and federal regulations.

State and IRS audits: If you’re being audited by the state or the IRS, it’s important to have an experienced CPA on your side. SD Associates, P.C. has experience dealing with state and IRS audits, and we can help you navigate the audit process. Our firm also offers tax appeal services if you believe you’ve been unfairly taxed.

Forecasting: SD Associates, P.C. offers forecasting services to help you plan for the future and make informed decisions about your business. We’ll help you develop short and long-term financial goals and create a roadmap to achieve them.

Payroll: Payroll can be a complex and time-consuming task, but it’s essential to keeping your business compliant. SD Associates, P.C. offers full-service payroll solutions to help you save time and money. We can set up direct deposit, calculate payroll taxes, and prepare pay stubs for your employees.

Cannabis Accounting FAQs

What is the difference between a cannabis CPA and a regular CPA?

A cannabis CPA is a certified public accountant who specializes in accounting, tax, and financial consulting services for businesses in the cannabis industry. Cannabis CPAs are familiar with the unique challenges that businesses in this industry face.

What are some of the challenges of the cannabis industry?

The cannabis industry is growing rapidly, but it faces many challenges. These include strict regulations, a lack of banking services, and limited access to capital. Cannabis businesses also have to deal with complex tax laws and the risk of audits from state and federal agencies.

How can a cannabis CPA help me?

A cannabis CPA can help you with bookkeeping, tax planning, and financial consulting. They can also help you navigate the complex world of taxes, stay compliant with state and federal regulations, and maximize your tax benefits.

Is cannabis legal in PA, NJ, and DE?

Yes, cannabis is legal for medicinal use in Pennsylvania, New Jersey, and Delaware. The states have different laws regarding the cultivation, sale, and use of cannabis, so it’s important to be familiar with the regulations in your state. Not every state allows recreational use, so it’s critical that you be aware of your home state’s legal guidelines.

What type of businesses need a cannabis CPA?

Any business that touches the plant or engages in any ancillary services related to the cannabis industry can benefit from working with a cannabis CPA. This includes businesses that cultivate, process, manufacture, distribute, or sell cannabis products. Even businesses that don’t directly handle cannabis need to be aware of the unique challenges that the industry presents.

Why SD Associates, P.C.

Unparalleled service: There’s a reason SD Associates, P.C. is the best kept secret in the tristate area. We provide our clients with the highest level of service and attention to detail. Our team of experienced professionals is dedicated to helping businesses in the cannabis industry succeed.

Personalized advice: Every business is different, and we tailor our services to meet your specific needs. We’ll work with you to develop a customized plan that helps you reach your financial goals.

High professional standards: We adhere to all of the American Institute of Certified Public Accountants (AICPA) auditing standards, guidelines, rules and regulations. Our quality control system has been reviewed by the Pennsylvania Institute of Certified Public Accountants and has received the highest possible rankings. 

Wide client base:  Our clients include businesses of all sizes, from start-ups to established companies. We have experience working with businesses in a wide range of industries, including the cannabis industry, and we have the necessary expertise to enhance your company.

Accessibility: We strive to make ourselves as accessible as possible. This means you can always get in touch with us via phone, email, or in-person. It’s easy to get in touch with us if you have a question about your business’s finances.

Cannabis Accounting Service Areas

SD Associates, P.C. is proud to provide professional tax services throughout the tristate area for businesses in the cannabis industry. Our service areas include, but are not limited to: 

• Philadelphia, PA
• Bucks County, PA
• Montgomery County, PA
• Chester County, PA
• Lehigh County, PA
• North Jersey
• South Jersey
• Maryland
• Delaware

Contact Our Cannabis CPA Firm in Bucks County, Montgomery County, & Philadelphia Today

If you’re looking for a qualified cannabis CPA in Bucks County, Montgomery County, or Philadelphia, or the surrounding areas, SD Associates, P.C. can help. We offer a full range of accounting and tax services for businesses in the cannabis industry. Contact us today to schedule a consultation.