Tax Preparation

Return Preparation and Supporting Workpapers

We prepare federal and state returns from a closed trial balance, with schedules tracing every material line to the underlying records. Book-to-tax differences are documented rather than assumed.

• Entity returns for corporations, partnerships, and single-member structures
• Cost of goods sold schedules tied to inventory subledgers
• Estimated payment calculations and filing calendar

State and Local Filings

New York operators may face the state corporate franchise tax or pass-through reporting, the MCTD surcharge, New York City business taxes, and an elective pass-through entity tax depending on structure and location, alongside cannabis excise filings and withholding obligations. Filing obligations depend on entity type and activity and should be confirmed each year.

Coordination With Bookkeeping

Where we also maintain the books through our cannabis bookkeeping services, tax season is a review rather than a reconstruction. Where another firm maintains them, we start with a cleanup assessment so the return rests on records that agree.

Planning Throughout the Year

Quarterly reviews of taxable income, inventory position, and estimated payments avoid the common problem of discovering a liability after the cash has been deployed.