Services
Accounting, Tax and CFO Services for Illinois Cannabis Operators
Everything in this practice starts with inventory. Once the cost of goods sold is defensible, the excise and Cultivation Privilege Tax filings, the compliance work and the reporting a management team relies on all pull from that same set of numbers.
What we handle most often
280E Tax Compliance
Inventory-first COGS positions, 471/263A capitalization and ongoing tax planning that hold up under IRC 280E.
Read moreDispensary Accounting
Daily close discipline, POS-to-ledger tie-outs, cash controls and margin visibility built for Illinois dispensing organizations.
Read moreCultivation Accounting
Cost-per-pound tracking, batch costing and inventory capitalization built for licensed Illinois cultivation centers and craft growers.
Read moreCannabis Tax Preparation
Federal and Illinois returns built from reconciled books, backed by a documented, defensible tax position.
Read moreFractional CFO
Senior finance leadership on a fractional basis: forecasting, unit economics, capital readiness and board-level reporting.
Read moreBioTrack Reconciliation
Track-and-trace-to-ledger reconciliation that catches inventory variances before they turn into compliance findings.
Read moreAudit Representation
IRS and IDOR examination defense for cannabis operators, from the first notice through appeals.
Read moreManufacturing Accounting
Standard costing, yield tracking and inventory capitalization for Illinois infuser and craft grower manufacturing operations.
Read more
Browse the full list by discipline
Tax
- 280E Tax ComplianceInventory-first COGS positions, 471/263A capitalization and ongoing tax planning that hold up under IRC 280E.
- Cannabis Tax PreparationFederal and Illinois returns built from reconciled books, backed by a documented, defensible tax position.
- Audit RepresentationIRS and IDOR examination defense for cannabis operators, from the first notice through appeals.
Accounting
- Dispensary AccountingDaily close discipline, POS-to-ledger tie-outs, cash controls and margin visibility built for Illinois dispensing organizations.
- Cultivation AccountingCost-per-pound tracking, batch costing and inventory capitalization built for licensed Illinois cultivation centers and craft growers.
- Cannabis BookkeepingMonthly close, a cannabis-specific chart of accounts, and clean books that a real tax position can be built on.
- Manufacturing AccountingStandard costing, yield tracking and inventory capitalization for Illinois infuser and craft grower manufacturing operations.
Compliance
- BioTrack ReconciliationTrack-and-trace-to-ledger reconciliation that catches inventory variances before they turn into compliance findings.
- Sales & Excise Tax ComplianceIDOR excise and sales tax filings, MCROT local cannabis tax, and a compliance calendar that doesn't slip.
- Cannabis PayrollCompliant payroll processing with labor cost allocation built to support inventory capitalization.
Advisory
- Fractional CFOSenior finance leadership on a fractional basis: forecasting, unit economics, capital readiness and board-level reporting.
- Financial ReportingGAAP-aligned statements, investor reporting packages and KPI dashboards built for licensed Illinois operators.
- Entity StructuringEntity selection and multi-company structure designed around 280E, licensing rules, liability and eventual exit.
- Cash Flow PlanningThirteen-week cash forecasting, tax funding and working capital management for cash-heavy operators.
- Business AdvisoryExpansion analysis, licensing economics, transaction support and internal controls for scaling operators.
Consultation
Speak with an Illinois cannabis CPA
Bring your license types, current books and open deadlines. We will tell you what needs to happen first and in what order.