Cannabis accounting experts for dispensaries & tax compliance

High Times Accounting specializes in cannabis accounting, bookkeeping, and tax compliance services for dispensaries, cultivators, and marijuana businesses. We help cannabis companies navigate complex IRS regulations, including Section 280e and 471c, while maintaining accurate financial records and optimizing tax strategies.

Jaime Lyn Soares and Claire Burkard built High Times Accounting to help cannabis businesses be compliant with section 280e and 471c regarding accounting and record keeping. We help keep them informed financially and free up time to focus on day to day operations and beyond.

Why cannabis accounting is different

Why Cannabis Accounting Requires Specialized Expertise.

Cannabis businesses face unique financial challenges due to IRS Section 280e and 471c, which limits standard business deductions. This significantly increases tax liability for dispensaries and marijuana companies.

Our team understands these complexities and helps clients implement compliant accounting strategies, including Section 280e and 471c, to optimize cost of goods sold (COGS) and reduce tax burden.

Who we serve

We work with a wide range of cannabis businesses, including

Retail dispensaries

Cannabis cultivators and growers

Cannabis startups and entrepreneurs

Multi-location marijuana operators

With over 40 years of combined experience, our team has developed deep expertise in cannabis bookkeeping, marijuana tax compliance, and dispensary accounting systems.

We understand how to manage sales tax reporting, payroll allocation for 280e and 471c compliance, and monthly financial reconciliation to ensure your business remains audit-ready.

WINNER of the 2024 Boston Business Women Award for Best Accountant

For more info, visit Business Services at BostonBusinessWomen.com

Our team

Nichole has a B.S. in Accounting (Forensic Accounting and Auditing). Married 20 years with 5 kids (4 girls and 1 boy, the surprise baby), 2 dogs and 1 cat. Favorite hobbies include reading, working on computers, home brewing, and spending time with family.

What inspires you? I’m inspired by “straight-shooters.” The leaders that I work to emulate take ownership of tasks, both successes and mistakes, and who admit when they are wrong. Admitting fault, can be extremely difficult, so when I see it in my leaders, it inspires me to also have those traits in my interpersonal interactions.

What motivates you and how you contribute to customer experience? From a customer service standpoint, I’ve seen so many times when people get frustrated by a customer when they are asked a question they have already answered many times that day. I approach any customer service interaction with the mindset that while I may have been asked a question over 100 times that day, the individual in front of me at the moment, it is their first time asking. I will give them the same courtesy and attention as I gave to the first 100 people before.

I graduated cosmetology school with scholarships and high honors. I am working on my QBO Advisor training to get that certificate. I also have 17 years of customer service experience and it hasn’t jaded me yet 😝

I was a Covid bride married in 2020 but my husband and I have been together 8 years total! I had a baby and bought a house in 2021 because I love to stress myself out I guess. We have 2 big dogs we love so much!

I love the gratification of seeing the results of my hard work! Being a part of helping someone toward accomplishing their own goal feels very rewarding. I also just enjoy spreading kindness and positivity even when it isn’t reciprocated.

I also am super happy to be a part of the JLS team!!

Bio to come

Turning chaos into calm with coffee, color-coded notes, and spreadsheets!

Texas is home, but I’ve had the pleasure of working with a variety of businesses across the nation. I never imagined a career in accounting, but in 2016 I found my passion. In 2019, I moved into a Human Resources role, but I quickly realized that bookkeeping and building relationships with clients were where my heart truly was. I returned to bookkeeping in 2021 and haven’t looked back! Today, I’m a QuickBooks ProAdvisor and continue to pursue additional certifications so I can better serve my clients.

Over the years, I’ve been fortunate to help clients with everything from full-charge bookkeeping and payroll to financial statement preparation and QuickBooks cleanups. In fact, cleaning up messy books is one of my favorite things to do. There’s just something incredibly satisfying about bringing order to chaos!

What I love most about this profession, though, isn’t just the numbers—it’s the relationships. I’ve had the privilege of working with incredible clients and watching their businesses grow and succeed, and I’m thankful to play a small part in that journey.

When I’m not being a multitasking ninja, you can find me cheering on my daughter’s soccer and flag football teams, making the drive across Texas to spend time with family, curled up with a good book, or relaxing with a coloring page after a long day.

Our specialized

Learn more about our specialized services

Cannabis payroll services

Marijuana sales tax compliance

Section 280e and 471c accounting strategy

Monthly reconciliation for dispensaries

Based in Massachusetts, we proudly serve cannabis businesses across Boston and surrounding areas, helping clients stay compliant with state regulations and tax requirements.

Frequently asked questions

1. Do I need a cannabis-specific accountant?

Yes, cannabis businesses require specialized accounting due to IRS regulations like Section 280e and 471c.

2. What makes cannabis accounting different?

Section 280e and 471c is an IRS tax rule that prevents cannabis businesses from deducting normal operating expenses such as rent, payroll, marketing, and utilities because cannabis is federally classified as a controlled substance. Cannabis companies can only deduct Cost of Goods Sold (COGS), which increases taxable income and tax liability. Proper cannabis accounting and tax planning help businesses stay compliant and reduce the impact of Section 280e and 471c.