420 accounting services

420 Accounting Services is a cannabis-focused accounting firm in California, operating as Shaghoyan CPA Corp and led by Kirkor Shaghoyan, a licensed CPA and CMA. It provides bookkeeping, payroll, tax and compliance work for cultivators, dispensaries, processors, manufacturers and ancillary cannabis businesses, including hemp and CBD operators.

The firm works exclusively on cannabis financial issues such as IRC 280E exposure, entity structuring, cost accounting, cash-intensive operations and state compliance. Its founder cites more than eight years in cannabis and has advised clients from pre-license startups to established multi-entity groups. The emphasis is on audit readiness, defensible decisions and financial systems that hold up under regulatory review. New clients complete a two-step intake form covering legal entities, prior-period cleanup, headcount, revenue and desired services.

• Bookkeeping and reporting: daily and monthly records, financial statements and management reports
• Payroll processing: cannabis-friendly payroll
• Inventory management: accounting policies for marijuana and hemp businesses
• Cost accounting: COGS and inventory valuation under IRC 280E and 471
• Tax filings: state and local returns, including cultivation and excise tax forms
• Licensing support: documents for cultivation, manufacturing, distribution, transportation, micro business and retail licenses
• Systems and training: QuickBooks Online or Xero setup, seed-to-sale tracking training and custom KPIs and SOPs

The firm lists service areas in California, Colorado, Michigan, Oregon and Virginia. Named clients include Phoenix Farms of Boulder, a Colorado cannabis grower, and Alpine Support Productions, Inc. It also helps clients access cannabis banking institutions and set up business accounts.

According to its website, Shaghoyan holds CPA (California), CMA, QuickBooks ProAdvisor Level 1 and 2 and Intuit ProAdvisor Platinum credentials. The firm lists memberships in the AICPA, the National Cannabis Industry Association, the Better Business Bureau and the Orange County and Los Angeles Area Chambers of Commerce. It reports client retention above 98 percent year over year and an average response time under three hours (self-reported).