What We do
Outsourced Accounting And Reporting
For a lot of businesses accounting is an afterthought. Owners and managers are busy handling every other aspect of the business and there isn’t time to tackle the accounting function too. Instead of worrying about learning accounting software, keeping up with the latest IRS rules, and all the other aspects of keeping accurate accounting data, let us put our experience to work for you. We provide everything from hourly bookkeeping to the complete outsourcing of your business’ accounting function.
Sometimes a business needs more than just bookkeeping. Often, banks, investors, and other stakeholders want to see quarterly or annual reporting. This is usually in the form of prepared financial statements. Throckmorton CPA has experience providing prepared financials across multiple industries. Get in touch with us today to discuss your business’ reporting requirements.
Cannabis Accounting and Reporting
One area that we specialize in is accounting services for the cannabis industry. Since 1996, when California became the first state to make cannabis legal for medical use, there has been a growing trend at the state and national level to legalize cannabis. While hemp is now legal at the national level, cannabis is still illegal at the federal level. However, it is legal for various uses in 33 states. Because of this dueling legality, accounting for cannabis businesses, from farms to dispensaries, is a little more complicated than a standard business. Mistakes also come with heavier penalties. Cost accounting becomes very important in these businesses due to the tax implications associated with the classification of cost of goods sold, and reporting becomes very important as well. Get a CPA that knows the ins and outs of cannabis accounting – get in touch with us today to see how we can add value to your cannabis business while keeping you in compliance with the federal government.
Individual tax services
The 1040 in all its glory . . . seems simple enough to do, but a lot of times things get overlooked. Throckmorton CPA can help you ensure nothing is missed and help you plan for future tax years as well.
Corporate & Partnership Tax Services
Corporations and partnerships, no matter how small, have bigger tax reporting and compliance issues than sole proprietors and individuals. Whether it’s your company’s year end tax reporting, or planning throughout the year, Throckmorton CPA has you covered.
Business Consulting and Strategic Planning
A good CPA doesn’t just help clients at tax time. A good CPA has the skills and experience to help businesses at whatever stage they are in and at any time of year. Our firm has experience in internal controls and processes consulting, audit preparation services, and strategic planning for businesses. See what a calculating partner can bring to your business – contact Throckmorton CPA.
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Get in touch with Throckmorton CPA today