What Can You Help My Business With?

We specialize 100% in accounting services for commercial cannabis
businesses and caregiver operations, in all states where cannabis is legal. We
are thorough, ethical, and detailed in our application of accounting and
business best practices – your business will be in the best of hands when you
work with us. Here are just some of the things we can help you with:
null

Bookkeeping & Financial Record Keeping

We offer full bookkeeping and record keeping services for your business’s financial transactions following GAAP based accounting compliance.  Services are provided timely, along with fully customized support, monthly reports, and a dedicated accounting manager for guidance and business needs as they arise.  All of our bookkeepers are QuickBooks Pro Advisor certified and based locally. Have the confidence that your business’s accounting and financial records are compliant and consistently up to date, following true accounting principles and business best practices.
null

Virtual CFO Services

Offered for commercial businesses who seek to have an in-depth approach to accounting and strategic financial needs, our Virtual CFO services connect your business to an experienced chief financial officer or financial controller who can help your business manage forecasts, budgeting, cost accounting, planning for future growth and expansion, and more.  Each Virtual CFO works as a valuable member of your team and is available onsite as needed.
null

Attestation and Review Services

We are leading the way in developing professional processes for performing MMFLA CPA attestation and review reporting. Following American Institute of Certified Public Accountants (AICPA) guidelines, our reports are structured to fully document all components and provide a formal, high quality report presentation. We also offer monthly accounting review services, focusing on Section 280E compliance in addition to standard review and testing procedures.
null

Accounting System Setup

Accounting for cannabis businesses can be tricky!  For those who prefer to manage their own accounting system, we offer consulting, chart of accounts set up, and beginning schedules and templates to help ensure your business’s accounting starts with a solid foundation.  Accounting for cannabis operations require detailed accounts and cost allocations for cost of goods sold, 280E compliance, tracking assets and more. We can help your business start and stay on the right track!
null

Tax Preparation and Planning Services

We offer a full range of tax preparation services, including individual and corporate income tax, MMFLA excise tax, and sales tax. We also offer to consult on IRS Section 280E, strategies to effectively minimize exposure and comply with the related tax matters, and approaches for proper accounting and tax record keeping for cultivation, processing, and retail cost of goods sold.
null

Consulting Services

We can help your business prepare for and implement proper accounting systems, strong financial internal controls, cost accounting standards and processes, business and financial best practices, and more. We also offer formal financial projection preparations, payroll service management, start-up business advisory services, and consulting on industry-specific accounting issues.
Request Consultation ›
View All Services ›

How Can We Help Your Business?

At LC Solutions Michigan, we offer full accounting services, encompassing your cannabis business’s entire cycle of needs.

Our process of full-service accounting support helps every transaction to be accounted for properly, including allocations to inventory and cost of goods. By offering our clients ongoing services, we can help ensure that their accounting records are both accurate and useful for decision making needs. What we can do for your business:

  • Complete accounting cycle support including bookkeeping and audit trail maintenance

  • Best practices and methods for proper cost accounting and Section 280E compliance

  • Offer timely reports, advice, and tools for the decision-making process.

  • & Much More!

Learn about Our Bookkeeping Process ›

We're Here to Help Your Business

When it comes to your cannabis business, accounting can be a challenge.  We’re here to help you through it.

LC Solutions Michigan PLLC was founded in Otter Lake, MI and is woman owned and operated.  Our CPAs remain up to date with licensing requirements and emerging accounting issues, for both State and Federal Purposes.

Our mission is to offer professional services in a supportive, forward thinking way, to help this industry be better rooted financially and to provide a platform for acceptance and business best practices.

We work with clients across the United States, but are licensed as a CPA firm in Michigan only.  We offer services to all sectors of the legal cannabis industry, including Cultivators, Processors, Provisioning Centers, Testing, and Transportation.  

Years of Experience to Help You

LC Solutions was founded on the basis of a traditional “Patient First” attitude.  Our years of accounting experience serve to better this industry as a whole.

Our intent is to help clients in the cannabis industry thrive in in their accounting and reporting processes and develop long term strategies to support business growth, compliance, and financial strength.  We are thorough in our application of accounting best practices, and support business integrity and social responsibility.  We work hard to help ensure our clients have accurate financial reporting, proper cost accounting, and complete accounting cycle support throughout the year.

LC Solutions Michigan PLLC is committed to hiring only accountants and CPAs who demonstrate positive actions towards the cannabis industry and working with clients in a professional, supportive manner.  All of our CPAs have former audit and business experience, as well as advanced education in cost accounting, agricultural accounting, and inventory management.

  • To provide a needed service in a manner complimentary and in tune with the Cannabis Industry in Michigan

  • To offer innovative business practices to increase financial reporting and compliance to accounting standards and business regulations

  • To promote business acceptance and best practices both within and externally for Michigan’s Cannabis Industry

Request Consultation ›