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# Virtual accounting and CFO services
Strategic Virtual CFO services
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# Reefer CFO Solutions is a Proud Member of DOPE CFO
#1 US Network of Leading Experts
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# Advancingthe growth ofyour cannaniz
Tax And Accounting Service For
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#### Reefer CFO Solutions
**Laws and guidelines for hemp and cannabis are constantly changing, but we keep up with them so you don’t have to. We can help you save time and stay compliant so you can focus your time and energy on running your business.**
At Reefer CFO Solutions, we partner with a vast variety of organizations and companies that provide legal recreational cannabis, medical marijuana, low-THC and high-CBD products, and hemp farming. We also work together with law firms and tax attorneys to represent our clients before tax authorities. Our extensive experience with all cannabis-related tax issues, banking issues, and accounting will stand behind you and your business.
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#### We Can Help Your Cannabis Business Grow!
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As the cannabis industry continues to grow and evolve, embracing diversity and inclusion is not just a moral imperative but a strategic advantage. Diverse teams bring a range of perspectives and experiences that can drive innovation and enhance decision-making. In...
In the rapidly growing cannabis industry, robust cybersecurity measures are crucial to protecting sensitive financial information. With increasing cyber threats and complex regulatory requirements, cannabis businesses must prioritize securing their accounting systems....
Effective budget management is crucial for any business, but it’s especially vital for cannabis businesses navigating a complex regulatory environment. From fluctuating revenues to stringent compliance requirements, managing your budget wisely can make or break your...
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About Us
#### About Peter Witts, CPA
With over twenty years of experience, Peter Witts knows the daily struggles of all kinds of companies, particularly cannabis companies, when dealing with the United States Government. A lack of correct information and guidance, plus constantly changing laws costs cannabis companies millions of dollars in lost contracts and penalties from failed compliance with regulations and procedures.
During his work as an auditor earlier in his career, he saw the difficulties firsthand. He learned exactly how to help these struggling companies navigate through the complex waters of bureaucracy and ever-changing laws.
Today, he and his team seek to help cannabis businesses keep up with the required laws and regulations. He’ll worry about the bookkeeping so you can focus on optimizing your business.
#### Our Team
# Peter Witts, CPA
# Lyka Mae Mendoza
## Morghan Cassella
#### Industry-Leading Standards and Capabilities
### MJBizCon® 2022
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Our CFOs specialize in IRS representation, cannabis tax and accounting, and business strategy. We help Cannabis Companies reach their short and long-term goals by ensuring strict compliance, clean books, and outstanding business, tax and cash planning.
Services
#### Outsourced Accounting Services
Reefer CFO Solutions, Inc. provides cannabis businesses, just like yours, with customized services. Whether you’re a startup with limited resources and no accounting and bookkeeping staff, or an established cannabis business with an internal accounting team, our experienced CFOs are ready to help.
Our services are flexible and evolve as your cannabis organization evolves and grows.
#### Reefer CFO Accounting, Tax and Advisory Services
* CFO & Advisory
* Accounting & Bookkeeping
* Tax Planning & Preparation
Companies outsource many functions in today’s economy, including accounting, payroll, IT, and marketing. However, many business owners don’t realize they can outsource their company’s finance functions.
Outsourcing CFO services give businesses access to financial experts with a wide range of experiences committed to keeping up with best practices in the field. It also allows business owners to access that expertise as needed, rather than committing to a full-time in-house resource.
Reefer CFO Solutions are experts in providing outsourced CFO services and ready to help your company achieve its financial goals.
While proper bookkeeping and accounting are critical components of any business’s success, the time, resources, and expertise required to manage these operations can drain your energy and focus. Reefer CFO Solutions is the smart solution. We will be leading you through the challenges of accounting in the cannabis industry and not trying to learn it with you.
Additional Services Provided:
* Inventory costing
* Fixed asset management
* 1099 processing and electronic filing
* Payroll processing
* Clean up, catch up, custom work
* Property tax returns
* QuickBooks training
* Annual business reporting
* Sales and Use tax reporting
* Audit support
Our cannabis CFOs will plan and prepare federal, state, and local income tax returns for your business, with the most current cannabis taxation laws in mind. We help you properly allocate costs so that your business can optimize deductions and reduce taxes owed. Our cannabis expert tax services include:
* Expert recommendations for best entity selection and setup for your Cannabis Business.
* Best practices for business expenses to maximize deductions and lower your taxes.
* Guidance on facility layout to help reduce tax exposure.
CFO and Advisory
#### How We Can Help With CFO & Advising
It’s super important to plan for the future and strategize for your cannabis business’ success. However, this involves many moving parts across a variety of fields. At Reefer CFO Solutions, Inc. we can help with budgeting, forecasting, developing processes, and observing metrics and analytics to continue to grow your business’ success. We have experience with the various industries cannabis spans, and we stay up to date with relevant laws and regulations, which can help us save time when developing short or long-term strategies.
We can also help you develop and budget for necessary marketing campaigns, while providing you detailed breakdowns on why they’re necessary. As your business grows and evolves, we’ll continue to adjust our plans accordingly.
#### Industry Leading Standards and Capabilities
Accounting Services
While proper bookkeeping and accounting are critical components of any business’s success, the time, resources, and expertise required to manage these operations can drain your energy and focus. Reefer CFO Solutions is the smart solution. We have extensive experience and knowledge and will lead your business through the challenges of cannabis accounting.
We can help save you valuable time by avoiding clerical errors while finding you the most
effective ways to keep up with your bookkeeping and save money where possible.
#### How We Can Help Your Bookkeeping
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A lot of cannabis companies struggle financially due to heavy taxation, legal fees for court cases, and just general expenses specific to the industry. We can help you overcome many of the financial difficulties your business might face and help you turn a profit in spite of them. There’s no reason for you to struggle to understand the laws when we have full understanding and
Tax Services
#### Tax Strategizing
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Our cannabis CFOs will plan and prepare federal, state, and local income tax returns for your business, with the most current cannabis taxation laws in mind. We help you properly allocate costs so that your business can optimize deductions and reduce taxes owed.
Let us save you valuable time by letting us handle your bookkeeping and strategize your taxes, taking into account all regulations for cannabis businesses, state and federal laws, and all other complexities connected to cannabis business accounting.
## **280E Strategies**
Our years of experience with 280E audits and attorneys have allowed us to develop effective strategies for minimizing its effects on cannabis businesses to allow them to turn a profit and save as much money as possible while staying compliant.
Our 280E-specific services include:
* 280E Minimization strategies
* Entity selection for cannabis organizations
* Business mergers and acquisitions
* Reorganizations: LLC to C Corporation or Not-for-Profit to Corporation
* Consolidated tax returns
* Deferred compensation
* Federal, state, and local tax reporting
* Multi-state tax returns
* Representation before federal and state tax authorities
## **Business Tax**
At Reefer CFO, we want to help your business handle 280E to increase profits and bring in the best numbers for you. We have years of experience with IRS and State 280 E audits and want to partner with you throughout the year to develop the most effective tax strategies in order to help you reach your business goals. Our business tax services cover:
* Apportionment and allocation review
* Compliance requirements
* Entity structuring
* Nexus requirements and planning
* Property tax compliance
* Sales, use, and local tax review
* State and local tax incentives
* Strategies to minimize taxes for multi-state operations
* Tax planning
* Transaction structuring
* Unitary taxation
* and state tax authorities
## **State & Federal Tax**
As we monitor changing laws and differences between federal and state laws, we offer assistance with all state and federal tax-related needs. We can help you strategize to obtain all possible deductions while ensuring your business stays compliant.
Reefer CFO Solutions are expert in providing outsourced CFO services and is ready to help your company achieve its financial goals.