OUR STORY
Redbud Advisors LLC is an accounting firm whose staff has many years of experience servicing small business owners and helping them minimize their tax loads and providing tax planning, consulting and bookkeeping.
Redbud Advisors LLC exclusively serves the cannabis industry and provides professional services that will enhance your compliance, transparency and accountability. We don’t view our services as a cost to you, but as a value added. Our goal with every client is to keep them in compliance while saving you time and money.
We know accounting and tax and we know cannabis.
Trusted By
Cannabis Accounting, Done Right
Running a cannabis business means navigating one of the most complex tax environments in the country. Although cannabis may be legal in your state, federal tax laws—particularly IRC Section 280E—limit the deductions your business can claim, making accurate accounting and Cost of Goods Sold (COGS) strategies essential.
At Redbud Advisors, we specialize exclusively in cannabis accounting. Our team helps you stay compliant, maximize allowable COGS, reduce tax exposure, and maintain accurate financial records, giving you the confidence to grow your business while we handle the complexities.
STRATEGIES
You will have year round access to accounting professionals specializing in cannabis business tax code.
We can provide and teach regulatory compliance and accounting strategies to limit your exposure to IRC Section 280E. This will keep more money in your pocket and less likely to lose in an audit.
​
CORPORATE STRUCTURE
Splitting your business up into several companies could be an effective legal strategy, but that doesn't necessarily mean tax savings.
We can work with your existing business model or we can refer you to a cannabis attorney who can help set up your organization to minimize exposure.
DEDUCTIONS
Ganja-prenuers are faced with the most unfriendly tax code. The IRS doesn’t allow ordinary and necessary business expenses in this industry, but does for every other business! The only allowable deduction is for costs of goods sold. We know how to strategically account for your expenses to maximize cost of goods sold.
BOOKKEEPING
Save more time to focus on what you love doing by outsourcing bookkeeping and payroll.
You’ll know that you have accurate, auditor and investor ready financial statements.
​
​
​
​
​
What exactly is Cost of Goods Sold?
This download will provide you with a solid understanding of the three major tax codes that implicate cannabis business owners.
You will be provided with specific examples of:
-
Indirect costs
-
Direct costs
-
What you can do to minimize the effects of IRC 280E