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.

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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.”

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Liz Gold

Liz Gold

About the Author

Liz Gold, CPA Trendlines expert author on CannaBizCPA.pro, has been writing about the accounting profession for over a decade. Her specialty areas include radical people, ideas, and progressive social change. A former senior editor at Accounting Today, she is the founder and CEO of Rhino Girl Media, a media company that helps accounting firms, companies, and individuals evolve their brand voice and advance their mission. She can be reached at rhinogirlmedia.com

Click here for more by Liz Gold