Bruce Andersen - Cannabis Tax & Financial Expert

Bruce Andersen MBA, MS (Tax) CPA

Cannabis CPA

We grow businesses for profitability and sustainability. We have a team with many years of experience in the cannabis industry to help you grow.

About Bruce Andersen MBA, MS (Tax) CPA

Bruce Andersen specializes in helping grow cannabis businesses by assisting in navigating the complexities of taxation and financial management. With decades of experience and a deep understanding of the cannabis industry, he provides expert guidance to cultivators, distributors, retailers, and manufacturers, empowering them to succeed in a competitive and heavily regulated environment. Bruce is based in Los Angeles and services clients in California and over two dozen other legal states.
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Professional Background

Began my career in corporate finance at a large plastics manufacturer, then moving on to a become a controller and later the CFO of an aerospace manufacturing company.
Founded my own accounting firm, providing tax, accounting, and consulting services across diverse industries over twenty years ago.
Launched CannabisCPA.Tax in 2018 to focus exclusively on the unique needs of cannabis businesses.
Over 20 years as a QuickBooks ProAdvisor
Author and presenter of cannabis topics with NBI
Author and presenter of various accounting and tax topics for Intuit, K2 Enterprises, and Spidell Tax.
Over twelve years of experience as instructor of accounting and finance at the University of Phoenix.

Accountant Directory

Certified

Core Competencies

Consulting and Training to Core Management to accelerate growth and profitability
CFO Services – Building a profitable and scalable cannabis business requires more than compliance; it requires financial leadership. Bruce offers comprehensive CFO services to help you plan your next move and achieve sustainable growth, including: • Planning: Creating financial roadmaps to align with your business goals. • Forecasting: Anticipating future financial needs and opportunities to stay ahead of the competition. • Cash Management: Optimizing cash flow to ensure your business has the resources to grow and thrive. A unique offering of the firm: “CFO on Call”, which provides cannabis executive clients with on-demand access to financial leadership, empowering you to make informed decisions and drive long-term success.
Taxation – Local, State and Federal Tax compliance is one of the most challenging aspects of running a cannabis business, but it doesn’t have to hold you back. CannabisCPA.Tax specializes in: • Tax Strategies: Developing tailored strategies to optimize your tax position and ensure compliance. • Tax Planning: Proactively planning your finances to minimize tax liabilities and maximize profits. • Tax Preparation: Preparing accurate tax returns with a focus on efficiency and compliance. • Tax Audits: Representing your business and navigating the complexities of IRS, as well as state and local audits. Bruce has extensive knowledge of key cannabis tax provisions, including IRC Section 280E (deductibility limitations) and IRC Section 471(c) (inventory management strategies).

Credentials and Affiliations

CPA
MSBA – Boston University, MS(Tax) – Golden Gate University, MBA – Cal State Bakersfield, BS – Iowa State University
QuickBooks ProAdvisor – over 20 years with expert level knowledge of QBO and QB Enterprise Products

Contact Us

Company Email

Bruce@CannabisCPA.Tax

Website

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Proudly affiliated with the following associations: National Association of Cannabis Business and NCIA.