More Time - Many business owners spend too much time working in their business, especially on their books. Hiring a virtual CFO give you time to work on your business, not in your business.
More Affordable - The cost of hiring a full-time CFO can average close to $200,000 per year, making the expense out of reach for many startups and small businesses. Hiring a virutal CFO costs a fraction of this amount and is especially attractive to startups and small businesses.
Reduce Risks - Your business faces multiple risks, from a lack of internal financial safeguards to ineffective A/R procedures, inadequate business insurance and weak cyber-security. A competent virtual CFO will be better equipped to assess these risks and reduce them, ensuring your business can succeed.
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Thanks to today’s technology we can work virtually from anywhere. We will implement an efficient process to take care of your accounting and tax needs. We have proprietary chart of accounts customized to your cannabis business and an app stack that will help you efficiently collect data so we can record your financial transactions and compile them into financial information, key data and metrics that you can use to help your company grow.
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What is 280E? Simply put, IRS Code 280E disallows your ordinary operating deductions for tax purposes because cannabis is classified by the DEA as a Schedule I drug. We have educated ourselves on 280E through self-study, seminars, classes and by networking with other accountants serving the cannabis industry to maximize your tax deductions under current tax law.
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