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We specialize in IRS representation, cannabis tax and accounting, and business strategy. We help Cannabis CEOs reach their short and long term goals by ensuring strict compliance, clean books, and outstanding business, tax and cash planning. 

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SERVICES

Getting your cannabis license was hard work…running your cannabis business is even harder. There is a lot at stake. Get the professional financial help you need.
You have a business plan, but do you know what it means or how to implement it? Do you understand what your financials are telling you, how to maximize your profits, and make sure all of your taxes are paid?

Tax & Accounting Services 

  • Tax Planning
  • Income Tax Return Preparation
  • CFO Accounting Plans

Audit

Representation

  • IRS Exam Representation
  • State Exam Representation
  • Internal Audit

Advisory

Services 

  • Business Coaching
  • Cash Flow Monitoring
  • Financial Projections

PLANNING FOR A BUSINESS AND OPERATING A BUSINESS ARE TWO VERY DIFFERENT THINGS

 

 

 

Are your pre-license business plans leading you down the wrong path? You may need a new plan based on new information
 
 
 Cannabis businesses are targeted by the IRS and regulators. Having CannaBoss CFO on your team can be the difference between being shut down, paying hefty penalties and tax deficiencies, or confidently continuing operations and building a wildly profitable business

CannaBoss CFO IS YOUR SECRET WEAPON FOR LESS STRESS AND MAJOR SUCCESS!

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 Are your pre-license business plans leading you down the wrong path? You may need a new plan based on new information

 Cannabis businesses are targeted by the IRS and regulators. Having CannaBoss CFO on your team can be the difference between being shut down, paying hefty penalties and tax deficiencies, or confidently continuing operations and building a wildly profitable business

CannaBoss CFO IS YOUR SECRET WEAPON FOR LESS AND MAJOR SUCCESS!

The Problems You May Face

➜ 280E mandates no deductions, a high tax bill and high cash outflow

➜ The anxiety and stress of a guaranteed IRS audit

➜ The Bank Secrecy Act requires that Form 8300 be filed for every payment of $10,000 or more

➜ IRS expands scope of 280E to potentially include Management and Leasing companies

➜ Cannabis is cash intense leading to security and theft concerns

The Solutions We Provide

➜ Develop controls over accounting and inventory

➜ Successful IRS audits 

➜ Documents and records to substantiate daily activity

➜ Ensure compliance with 280E

➜ Accurate accounting

➜ Ensure compliance with GMP regulations and FDA regulations

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Our CEO..

Dr. Gena Jones

Gena has been serving Cannabis businesses since 2017. She is an avid traveler, foodie, wife and mother. A little girl from the South Side of Chicago is now an accomplished Attorney and Certified Public Accountant with offices in Illinois, Georgia and Arizona. Gena earned her Bachelor of Science degree in Accounting from the Illinois Institute of Technology, Cum Laude. She went on to graduate from Chicago Kent College of Law and is licensed to Practice in the United States Tax Court, and The Supreme Court of Illinois and the United States Supreme Court. Gena is able to represent taxpayers before the IRS in all 50 US states.

 Gena continues to add to her professional tool box most notably earning her Masters of Management Degree from Harvard University, Masters of Laws degree in Taxation with Honors,  and received her Certification as a Fraud Examiner.

Contact Us

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Perpetual Data Room

Internal Controls

Business Strategy

IRS Representation

Financial Statements

Financial Guidance

NEVER WORRY ABOUT THE STRESS OF AN IRS AUDIT OR COMPLIANCE ISSUES AGAIN

WHY YOU CAN TRUST US

Gena's desire to maximize the dynamic duo of a CPA license and law degree by practicing Tax Law was very personal. Gena's father, Eugene Record, an accomplished songwriter, musician, and former lead singer of the Chi-Lites, faced tax problems that could have led to jail time. The Internal Revenue Service (IRS) was relentless and imposed unbelievable fear on her family. It was this experience coupled with Gena's opinion that the government should work with people not against people that propelled Gena to focus on Tax Controversy.

 Gena left the entertainment world to focus on representing small business owners before the IRS, and to create a path of controversy avoidance for individuals and businesses. Gena's Tax Controversy experience revealed that controversies are only a symptom of a larger problem, which is the failure to plan.

Planning is the key to success in business and in life. Realizing that business owners just do not know where to start and who to call, Gena’s goal is to help businesses grow via proper planning, intentionality and thoughtful execution.

SCHEDULE A CONSULTATION TODAY

EVENTS

Southeastern Hemp and Medical Cannabis Convention

CannaBoss’s CEO, Gena Jones, will be presenting at this impactful two-day expo that offers networking opportunities and break-out sessions in medical use and practices, business opportunities in the industry as well as scientific advancements, local, state, and national legislation regarding the budding cannabis and hemp industry.

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Women Who CANnabis Expo

Sponsored by CannaBoss, this summit provides exceptional educational opportunities and certifications, so that women of color can gain access to seats at the billion dollar cannabis industry table. The event prepares women of color for business ownership, growth, and expansion by providing access to financial education, business tools, and resources. The annual Women Who Cannabis Business Expo is the largest recirculation of wealth amongst women of color and our allies in the legal cannabis industry.

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Cannabis Conference

CannaBoss’s CEO, Gena Jones will be speaking at the Cannabis Conference, which has become known for delivering the highest level of education to thousands of cultivation, dispensary and extraction professionals.Join the brightest minds in the industry and view the latest technologies, services and solutions on our world class, 85,000-square-foot trade show floor. Whether you are looking to enter the legal cannabis industry, or a veteran ready to take your business to the next level, this is one conference you cannot afford to miss!

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Frequently Asked Questions

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Cannabis businesses should not waste time trying to beat 280E, it’s a futile mission. Instead, let’s focus on keeping your money clean, increasing the value of your company and scaling efficiently

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Your Team Should Include:

 An Attorney to assist with compliance regulations, real estate transactions, intellectual property and trademarks

 A Marketer to assist with branding and marketing your product

 A security company to protect your cash and inventory

 A licensing consultant to assist with license requirements and approvals

 A CFO to perform the bookkeeping, accounting, tax preparation, compliance, IRS representation and advisory services

we can help you create a roadmap to a profitable business

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