aBIZinaBOX Inc

Gusto Bronze Partner Badge
Gusto Bronze Partner

Serves 6 Gusto clients | Partner since 2015

The firm is skilled in dealing with:

• The unique financial record-keeping needs of cultivators, distributors, processors, and extractors.

• The selection of optimal operating structures for each participant in the California cannabis industry.

• Adjusting structures and modifying financial record-keeping to comply with a rapidly evolving regulated California marketplace.

• Understanding of the challenges presented by a long history in this industry of “doing business in cash” and the associated problems.

• The practical needs related banking, card processing, and anti-money laundering issues applicable to this industry.

• The processes relating to permitting, licensing as well as reporting and paying cannabis excise tax and gross receipts tax at the county level.

• Implementing strategies for addressing the onerous impact of the limitation on the deduction of ordinary and necessary business expenses imposed by Internal Revenue Code §280E on businesses engaged in “trafficking”.

Gusto Bronze Partner Badge
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aBIZinaBOX Inc

Serves 6 Gusto clients | Partner since 2015

The firm is skilled in dealing with:

• The unique financial record-keeping needs of cultivators, distributors, processors, and extractors.

• The selection of optimal operating structures for each participant in the California cannabis industry.

• Adjusting structures and modifying financial record-keeping to comply with a rapidly evolving regulated California marketplace.

• Understanding of the challenges presented by a long history in this industry of “doing business in cash” and the associated problems.

• The practical needs related banking, card processing, and anti-money laundering issues applicable to this industry.

• The processes relating to permitting, licensing as well as reporting and paying cannabis excise tax and gross receipts tax at the county level.

• Implementing strategies for addressing the onerous impact of the limitation on the deduction of ordinary and necessary business expenses imposed by Internal Revenue Code §280E on businesses engaged in “trafficking”.

Firm at-a-glance

  • Accepting new clients
  • Offers remote services
  • 10-49 accountants on staff

Client sizes

  • 2-20 employees
  • 21-50 employees

Software experience

Xero icon
Xero
Quickbooks Online icon
Quickbooks Online
Quickbooks Desktop icon
Quickbooks Desktop
Expensify icon
Expensify
Receipt Bank icon
Receipt Bank
Firm Proprietary Software icon
Firm Proprietary Software

Services offered

  • Auditing
  • Consulting
  • Financial planning
  • Outsourced CFO
  • Tax preparation

Industries served

  • Agriculture
  • Construction & trades
  • Finance & insurance
  • Professional services
  • Real estate & hiring services

Client sizes

  • 2-20 employees
  • 21-50 employees
Team photos

Software experience

Xero icon
Xero
Quickbooks Online icon
Quickbooks Online
Quickbooks Desktop icon
Quickbooks Desktop
Expensify icon
Expensify
Receipt Bank icon
Receipt Bank
Firm Proprietary Software icon
Firm Proprietary Software

Services offered

  • Auditing
  • Consulting
  • Financial planning
  • Outsourced CFO
  • Tax preparation

Industries served

  • Agriculture
  • Construction & trades
  • Finance & insurance
  • Professional services
  • Real estate & hiring services

Please note that Gusto does not guarantee the quality of any particular partner and that information on this page was submitted by the partner. This directory contains some of our recommended partners, but every business’s needs are different and you should take the time to evaluate the partners before selecting one.