Cannabis Accounting Services

Michigan is one of an increasing number of states that has legalized both medical and adult-use of cannabis. As its popularity and market continue to grow, cannabis is garnering significant attention from investors, manufacturers, and researchers, causing an increasing need for cannabis accounting services. Shifts in political policy have laid the groundwork for adult-use cannabis to become a booming industry.

Cendrowski Corporate Advisors understands the complicated legal and tax structures that come with the cannabis business. We will work with you to simplify the complex steps you take as you create and run your business.

While cannabis is legal for adult use in Michigan at the state level, federal laws can complicate the business’s regulatory and tax compliance situation. Our team of trusted advisors works with Michigan cannabis industry operators and investors to help them navigate the current business environment and make sure they’re making the right cannabis accounting decisions for their business. We have assisted business owners in many areas of the adult-use cannabis industry, including navigating licensing and compliance, since adult-use was made legal in 2018.

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John Alfonsi to Speak at Sept. 28, 2022 Strafford Live Webinar on Capital Accounts

CCA’s John Alfonsi will speak at the upcoming Strafford live webinar, “Capital Accounts: 704(b) vs. GAAP vs. Tax Basis, Comparing and Contrasting Annual Allocations,” on Wednesday, September 28, 2022 from 1:00 pm-2:50 pm EDT. Properly maintaining partners’ capital accounts may be the most critical aspect of partnership taxation. Among some of the topics covered will […]

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Are gifts for clients tax deductible?

Tax specialist Catherine Raker answers the question: Are gifts for clients tax deductible? Transcript: Dave Lorenzo: And now it’s time for another Cendrowski Business Minute. With us today, we have Catherine Raker. So Catherine, are gifts for clients tax deductible? Catherine Raker: Well, like everything, there’s an exception and there’s a rule. The maximum limit […]

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John Alfonsi Moderates Pre-Sale Estate and Wealth Planning Panel

At the 2021 Smart Business Dealmaker’s Conference in Chicago, John Alfonsi moderated a discussion titled, “The Complexity of Pre-Sale Estate and Wealth Planning.” Participants on the panel include Pitcairn’s Andy Busser and Mark Petrosky of DP+. “You’ve decided to sell your company, you’ve grown this baby, you’ve nurtured it, now’s the time to sell,” said […]

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