In the News
When Should You Hire or Outsource a Controller or CFO?
As a business owner wearing many hats, you may have been thinking about growing your financial team. Or maybe you’ve seen rapid growth, and you’re not sure how to strategically manage your finances. There are many reasons to consider bringing on a Controller or CFO to help manage your finances. Even if you do not fully understand the difference between a CFO and a controller, or if you need one, this post will help you figure out how to reach the next stage of your financial management.
The Ultimate Guide to 280E Compliance for Cannabis Business Owners
If you’re a cannabis business owner, chances are the 280E tax code fills you with dread.
A thorn in the side of every cannabusiness, IRS Tax Section 280E is the federal tax code that states that any business engaged in the trafficking of a Schedule I or II controlled substance is barred from taking tax deductions for business expenses that a typical business can.
How Outsourcing Your Bookkeeping Saves You Money
You’re a busy business owner, and you’re doing all the things. To get your business up and running, you’ve had to play many different parts. Unless you’re an accountant like I am, you probably didn’t get into business to do bookkeeping. Bookkeeping can be time-consuming and complicated for those who aren’t familiar with it.
Why You Need a Specialist in Cannabis Accounting Services
If you own a legal cannabis business, you need a bookkeeper specializing in cannabis accounting services to help grow your business and maximize your profits. With many laws and red tape in the cannabis industry, you need a partner that understands the laws, regulations, and tax codes.
It’s no secret that cannabis is a booming and lucrative industry. Medical cannabis is legal in over 30 states, and ⅓ of those states have legalized adult recreational use.
Why Automation Will be Essential for 2021
As a business owner, chances are your business looks a lot different right now than it did at the start of the year. This year’s events drastically changed the way businesses operate, as everyone is rapidly accelerating the use of automated systems across the board in their companies—from touchless transactions to fully integrating automated accounting systems.
If you’re struggling to put systems in place, read on to find out how they can benefit your business and why automated accounting services are a vital business tool in today’s uncertain times.
So You’ve Decided To Open Up a Dispensary
They say follow your dreams and I see you’ve decided to heed that advice. Ever since you first heard of legal cannabis, it has been your dream to open a dispensary of your own. With more and more states legalizing the recreational use of cannabis, the time is now. You’ve made the decision to follow that dream, now what?