Leveraging R&D Credits and Depreciation for Cannabis Clients

Portrait of Bryan McDonald
McDonald

CPAMD’s Bryan McDonald shows clients how to start off on the right foot.

By Liz Gold
CannaBizCPA.Pro

How a cannabis company is structured can have huge tax implications – and getting companies set up correctly, from the get-go, is what Bryan McDonald does when he starts working with a cannabis client.

More at CannaBizCPA.Pro: Cannabis Lights Up Midterm Ballots | ‘Genius Accountant’ Helps Cannabiz Clients Manage Effectively | Bruce Jolliff: Jumping into Cannabis Head First | Mark Guiley Oversees New Cannabis Niche | Jessica Velazquez on Cannabis Accounting and Activism | PODCAST: Jim Marty and Cory Parnell Go National | 5 Biggest Mistakes Cannabis CEOS Make
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

As he said, “How you form your entity is really key. It is much more difficult to do that later in the life of a cannabis company.”