Laura Adams
President at 420 CFO Inc- Claim this Profile
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Bio
Brenda K. Bader
Laura and I were speakers at the Canna One Expo in Biloxi this summer. She did a fantastic job. Very knowledgeable and very personable. She have become friends. colleagues and mentors to one another. She amazes me every day with her abilities, personality and accounting strengths.
Brenda K. Bader
Laura and I were speakers at the Canna One Expo in Biloxi this summer. She did a fantastic job. Very knowledgeable and very personable. She have become friends. colleagues and mentors to one another. She amazes me every day with her abilities, personality and accounting strengths.
Brenda K. Bader
Laura and I were speakers at the Canna One Expo in Biloxi this summer. She did a fantastic job. Very knowledgeable and very personable. She have become friends. colleagues and mentors to one another. She amazes me every day with her abilities, personality and accounting strengths.
Brenda K. Bader
Laura and I were speakers at the Canna One Expo in Biloxi this summer. She did a fantastic job. Very knowledgeable and very personable. She have become friends. colleagues and mentors to one another. She amazes me every day with her abilities, personality and accounting strengths.
Credentials
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National Association of Cannabis Accounting and Tax Professionals
National Association of Cannabis Accounting and Tax ProfessionalsFeb, 2023- Oct, 2024 -
Dope CFO VIP "Pro" Official Member
Dope CFOFeb, 2022- Oct, 2024 -
Dental Lab Manager
NADLSep, 2012- Oct, 2024 -
Insurance Agent (Insurance Producer)
State of TennesseeSep, 2018- Oct, 2024 -
Enrolled Agent
Internal Revenue ServiceJan, 2004- Oct, 2024 -
Series 26
FINRA
Experience
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420 CFO Inc
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United States
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Business Consulting and Services
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1 - 100 Employee
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President
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Jan 2023 - Present
We help businesses, i.e. Cannabis, penalized by IRC 280(e), with business strategies and accounting procedures to make sure they don't miss any Inventory/Cost of Goods Sold expense they are legally entitled to. I often hear that marijuana businesses are doing their own books or using people who aren't trained in the Cannabis industry. Either of which can be a very costly mistake. Even if they never get audited (which is not likely) doing the accounting on a cash basis and/or not complying with GAAP and IRC 471 can cost a small cannabis business thousand of extra dollars per year in taxes. We read tax court cases to see exactly what is being allowed and disallowed to make sure our clients are fully compliant and pay the least amount of taxes they are legally required to. Show less
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Principal Owner
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Jan 2021 - Present
In over 25 years of running, streamlining, and advising businesses in a number of areas, I have discovered a few key places where many companies consistently bleed money and leave themselves open to liabilities. There are many solutions to fix these problems and close potential liabilities. Often times these solutions produce savings for years to come and eliminating liabilities is never a bad thing. My process is very different from most people. I learn about your business, your goals and what you would like to accomplish. The potential solutions are presented from an educational perspective. I don't want you to make a choice or decision that you don't understand. Every solution is tied directly to the return on investment. The Cannabis industry faces many unique challenges due to 280(e) and absolutely 0 leeway on following GAAP and IRC 471 to even deduct their Cost of Goods Sold. They are THE most audited businesses. There are many people advising in the industry that are still recommending things like using IRC 263(a) which has been disallowed in every audit and tax court case. I read every tax court case I can for the details so I can help my clients take advantage of every legal deduction available. I highly recommend that business owners in the industry ask their financial people a few key questions to try to judge their audit exposure. Tax bills in the hundreds of thousand of dollar range are common. Call or email me for a short conversation. 15 minutes and knowing what to ask can save you that surprise tax bill! Show less
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Registered Representative
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May 2019 - Present
I provide Complimentary Employee Wellness seminars for businesses that can help with employee morale and retention. I provide Complimentary evaluation of your current retirement plan or information on All options available if you would like to start one. Everything I do is from an educational perspective - no hard sales! Education is key to being financially comfortable, having higher employee participation rates in Retirement Plans and being able to do the things you want to do when you retire. If free education fits in your budget, give me a call. Show less
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Community
