Your resource for navigating 280E
The tax expertise for your unique needs
Is your business grappling with tax challenges related to IRS code 280E?
Now is the time to optimize your tax position.
Most businesses in your industry pay taxes on gross income as opposed to net income. This means many business deductions granted in other industries may not be available to you.
As a result, your effective tax rate could reach as high as 80%. However, proactive, smart tax planning can help you:
- Maximize ROI
- Increase cash flow
- Decrease administrative burdens
Section 280E expertise to address your needs
Crowe has been proudly committed to serving your industry since 2014. Working with numerous clients just like you, we have experience with a wide array of tax planning and compliance needs, including:
- Entity structuring
- Inventory optimization
- IRS audit defense
- Federal, state, and international tax compliance
- Mergers and acquisitions
- Buy- and sell-side due diligence
- Tax accounting method changes
- State and local tax reporting
We’re here to help you with the tax reporting issues unique to your industry. And our commitment to continued industry involvement means we stay on top of developments – to help you anticipate and address change.
Leverage our proven industry tax process
We understand your industry must routinely navigate rapid growth and comply with an ever-changing regulatory environment – all while fulfilling the most demanding business and accounting requirements.
Our process, based on your needs for a multifaceted approach, includes the following steps:
Step 1
Obtaining an understanding of your business operations and goals
Step 2
Assessing and studying your financial and tax information
Step 3
Sorting through your information to gain a clear perspective, share findings, and determine next steps
Step 1
Obtaining an understanding of your business operations and goals
Step 2
Assessing and studying your financial and tax information
Step 3
Sorting through your information to gain a clear perspective, share findings, and determine next steps
Step 4
Analyzing financial information, considering various scenarios, and recommending a tax compliance plan
Step 5
Meeting with you to share the plan and determine your best path forward
Step 4
Analyzing financial information, considering various scenarios, and recommending a tax compliance plan
Step 5
Meeting with you to share the plan and determine your best path forward
Work with us
From tax planning and compliance to audit and assurance, our specialists stand ready to help make a difference in your business.
Qualified organizations only. Independence and regulatory restrictions may apply. Some firm services may not be available to all clients. Given the continued evolution and inconsistency of various state and federal cannabis-related laws, any company should seek competent legal advice relating to its involvement in the cannabis industry, including when considering a potential public offering as a cannabis-related company.