Clear books. Smarter cannabis business.
TCS Advisory helps licensed cannabis operators keep accurate books, understand cash flow, prepare for business taxes, and make better decisions with clear financial reports.
Books. Taxes. Better decisions.
We help cannabis operators organize their books, track inventory and costs, strengthen cash controls, and keep business records ready for tax time.
280E can turn ordinary expenses into non-deductible costs.
Cannabis operators face a federal tax framework that does not treat them like most other businesses. Rent, payroll, software, insurance, marketing, and professional fees can be limited or disallowed, which makes COGS classification and documentation critical.
Tax strategy starts in the books.
Year-end planning cannot fix a weak accounting structure. The books need to be organized around COGS, inventory movement, and supportable allocations throughout the year.
Your COA is a defense system.
A cannabis-specific chart of accounts helps separate deductible cost categories from expenses that may be limited under 280E.
Documentation matters.
Every meaningful COGS position should have written support. A clear 280E cost allocation memo can help support your tax position if questions arise.
Cannabis accounting is specialized.
280E, IRC 471, seed-to-sale reconciliation, and inventory accounting require more than general tax preparation experience.
Financial issues cannabis operators cannot afford to ignore.
TCS Advisory helps operators move from messy books and unclear tax positions to organized reporting, cleaner documentation, and better decision-making.
Weak 280E documentation
Build support for cost allocation and COGS positions before year-end pressure hits.
Messy QuickBooks files
Clean up accounts, classifications, reconciliations, and financial statement presentation.
Inventory and COGS issues
Improve the connection between inventory activity, COGS methodology, and tax-ready workpapers.
No financial visibility
Create reporting that helps ownership understand margins, cash flow, and operating performance.
Meet Chikezie Egwu, CPA.
TCS Advisory was founded to bring institutional-quality finance, tax strategy, and CFO services to cannabis operators.
I’m Chikezie Egwu, founder of TCS Advisory. I’m a licensed CPA in New York with experience across KPMG’s audit practice and senior corporate accounting work at TKO, the parent company of WWE and UFC.
I founded TCS Advisory after seeing a clear gap in the cannabis industry: licensed operators were building legitimate businesses while relying on accounting systems that were never designed for IRC Section 280E, cannabis inventory accounting, or investor-grade financial reporting.
My career trained me to think through accounting the way serious businesses need it handled: clean documentation, accurate reconciliations, GAAP-based financial statements, internal controls, variance analysis, and reporting leadership can actually use.
Today, I bring those same institutional standards to cannabis operators. Whether you are opening your first dispensary or operating across multiple licenses, the goal is simple: build financial infrastructure that allows your business to scale with confidence.
Ongoing accounting, tax, and advisory support.
Monthly packages are built for operators who want a consistent finance function — not a scramble at tax time.
Essentials
Core accounting and compliance support for single-location operators getting their financial foundation in order.
- Monthly bookkeeping and reconciliation
- QBO maintenance and categorization
- Monthly financial statements: P&L and Balance Sheet
- 280E COGS tracking and reconciliation
- Quarterly estimated tax calculations
- Annual federal tax return preparation included
- Monthly check-in call, 30 minutes
- Email support within 24 business hours
Get Started
Growth
Full-service accounting, tax strategy, and advisory for cannabis operators scaling their operation.
- Everything in Essentials, plus
- Proactive tax planning and 280E strategy
- Full absorption COGS methodology management
- 280E Cost Allocation Memo drafted and maintained
- Payroll tax compliance review
- Entity structure analysis and recommendations
- Bi-weekly advisory calls, 60 minutes
- Priority email support within 4 business hours
- Seed-to-sale reconciliation support
- Annual tax return plus one state return
Book a Discovery Call
CFO Advisory
Strategic finance support for multi-entity, multi-license, or capital-seeking cannabis businesses.
- Everything in Growth, plus
- Fractional CFO advisory and financial leadership
- Multi-entity and multi-license accounting support
- Intercompany transaction and MSA management
- Cash flow forecasting and budgeting
- Investor reporting and financial narrative
- Capital raise support and financial modeling
- Weekly advisory calls and unlimited email access
- Multi-state tax coordination
- IRS audit support included up to 10 hours per year
Apply for CFO Advisory
Standalone cannabis accounting and tax projects.
Designed for cannabis operators, license applicants, and businesses that need specialized support before moving into an ongoing accounting relationship.
Cannabis COA Design & QBO Setup
A purpose-built QuickBooks Online chart of accounts designed around your license type, reporting needs, and 280E position.
- License-specific chart of accounts
- QBO build and configuration
- Class tracking setup for 280E allocation
- 60-minute implementation walkthrough
- 280E Cost Allocation Memo template
280E Compliance Review & COGS Methodology
A top-to-bottom review of your current accounting setup, COGS classification, and overhead allocation methodology with recommended corrections.
- Full review of existing COA and classifications
- COGS methodology analysis under IRC 471
- Written findings and recommendations report
- 280E Cost Allocation Memo drafted for your entity
- 90-minute review call
Federal Tax Return Preparation
Federal income tax return preparation for cannabis businesses with 280E analysis, book-to-tax reconciliation, and written tax position support.
- Federal return preparation: 1120, 1120-S, or 1065
- Full 280E analysis and taxable income calculation
- Book-to-tax reconciliation workpaper
- Written tax position summary
- E-filing and confirmation
Tax Planning & Strategy Session
A focused strategy session covering your 280E exposure, entity structure, tax position, and legal ways to reduce avoidable federal tax drag.
- Pre-session intake questionnaire
- 90-minute strategy session
- Written action plan delivered within 48 hours
- 280E exposure analysis
- Entity structure review and recommendations
IRS Audit Support & Defense
Representation and documentation support for cannabis businesses under IRS examination, including COGS defense and correspondence support.
- IRS correspondence review and response
- COGS documentation and defense preparation
- Inventory record substantiation
- 280E position defense workpapers
- Coordination with your tax attorney if engaged
Cannabis License Application - Financial Advisory
Comprehensive financial preparation for cannabis license applicants in New York, New Jersey, and similar regulated markets.
- 3-year monthly pro forma financial projections
- Startup capital requirements and source of funds documentation
- Business plan financial narrative and supporting schedules
- Financial responsibility documentation package
- Accounting system design and compliance readiness memo
- 280E and federal tax compliance planning memo
- Financial Q&A support throughout application review
- Coordination with legal counsel on financial components
Built for cannabis operators who need more than bookkeeping.
TCS Advisory combines CPA-level technical accounting, cannabis-specific tax strategy, and operator-focused financial reporting.
Reduce tax risk
Build stronger 280E documentation, COGS support, and tax-ready workpapers before issues become expensive.
Clean up the numbers
Turn messy books into reliable monthly financials that can support decisions, tax filings, lenders, and investors.
Make better decisions
Use forecasting, KPI reporting, cash flow planning, and advisory calls to understand what is actually driving the business.
Simple, direct, and built around your books.
Discovery
A short call to understand your operation, accounting setup, and biggest tax or reporting concerns.
Review
I review your QBO file, financial statements, chart of accounts, tax exposure, and workflow.
Plan
You receive a clear recommendation for cleanup, 280E support, reporting, or advisory services.
Execute
We move into cleanup, monthly close, tax planning, financial reporting, and advisory support.
Common questions before working together.
Do you work with dispensaries?
Yes. TCS Advisory is built for dispensaries, cultivators, processors, delivery operators, license applicants, and multi-license cannabis businesses.
Do you prepare tax returns?
Yes. TCS Advisory prepares business tax returns for cannabis operators. We do not offer individual tax preparation.
Can you clean up QuickBooks?
Yes. QBO cleanup, chart of accounts design, reconciliation support, and 280E reclassification are available.
Do you replace my bookkeeper?
It depends. TCS can handle monthly accounting directly or work alongside your internal bookkeeper to improve process, reporting, and tax readiness.
How does onboarding work?
We start with discovery, review your books and workflow, identify key risks, then recommend the right monthly or project-based support.
Do you provide legal advice?
No. TCS Advisory provides accounting, tax, and financial advisory services. Legal matters should be handled by cannabis counsel.
Let’s talk about your business.
Book a free 30-minute call to discuss where your accounting stands today, identify your biggest financial risks, and determine how TCS Advisory can help.
Book a Discovery Call