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1350 Avenue of the Americas, NY, NY 10019, USA
As a cannabis CPA firm, we are the premier CPA practice that caters to cannabis businesses and its unique industry. Under IRC 280E Cannabis touching businesses are not allowed any deductions for amounts incurred or paid because cannabis (marijuana) is classified as a controlled substance, on Schedule 1. This is where The Canna CPAS, a knowledgeable and skilled CPA cannabis practice, comes in to assist you! We can help you maximize deductions and develop strategies not only to save you taxes, but also defend you in an IRS cannabis audit.
Our mission is to help Cannabis owners save money! We accomplish this through a myriad of ways that includes strategic tax planning, proper GAAP cost accounting, and comprehensive back up documentation and work papers. Your success is our success! Our goal is to exceed your expectations through our qualitative expertise and outstanding customer service in the cannabis space.
Sandy Suchoff CPA is the principal of Lefstein-Suchoff CPA & Associates, LLC (The Canna CPAs) which was formed in 1997. She has been featured on FOX News and MSNBC as a tax advisor, and has appeared on podcasts, in newspapers and is currently co-authoring a book on tax planning strategies. In addition to being a licensed Certified Public Accountant, Sandy Suchoff CPA is also a Certified Tax Planner, QuickBooks ProAdvisor, and Certified Tax Resolution Specialist.
Although her practice is always focused on compliance (efficient accounting and tax preparation), she has always concentrated on looking for “missed opportunities” (that other accountants customarily don’t seek out to do) utilizing the current tax laws to develop tax strategies to save her clients money. In response to a family member’s health condition, Sandy Suchoff CPA researched the endocannabinoid system and learned how phytocannabinoids in the cannabis plant could treat a myriad of health conditions with a high level of efficacy. Sandy Suchoff CPA combined her passion for the cannabis plant and her love for tax and accounting, and commenced catering her practice to the cannabis space.