5 Signs You Need a Cannabis Accountant
Does tax season stress you out?
Is your cannabis business staying compliant?
Do you feel like your finances are all over the place?
If you’re trying to run your business and manage your money, there’s a better way.
Here are 5 signs it’s high time to work with a cannabis accountant.
1.) You are Working Around the Clock
Working in the cannabis industry presents many challenges.
Whether you’re a grower or even an ancillary business owner, operating in this space is far from easy.
Simply put, it’s downright demanding.
Unless you have extra time on your hands to sit down and manage your expenses and income, your business isn’t going to stay on track.
Over time, it’s only going to get worse.
Your job is to run your business.
Why try to take on more than you already are when you know you don’t have the time?
There are only so many hours in a day.
Invest your time wisely by seeking professional help from a certified cannabis accountant.
2.) You Don’t Know Cannabis Tax Laws
Do you have a thorough understanding of cannabis tax laws and compliance?
If not, you need professional help.
Here’s why.
Managing your finances in this industry is complex.
Without understanding cannabis tax laws, not only are you putting your business at risk, you’re likely losing money.
Not just a little bit of money, we’re talking potentially THOUSANDS of dollars down the drain.
Cannabis businesses are not able to take regular deductions like most companies.
Don’t leave your finances up to chance.
A great cannabis accountant saves you money while keeping your business on track.
3.) Your Business is Rapidly Growing
Rapid growth in your business is exciting!
As your brand grows, so does your vision.
However!
With more growth also comes more responsibilities.
Too many cannabis business owners make the mistake of waiting too long to get professional help.
As your business expands, so does your need for a strategic plan when it comes to your finances.
Get the help you need now so that you are prepared to take your business to new heights.
4.) Your Expenses are Increasing
What else happens as your cannabis business expands?
You have more expenses.
More team members, a bigger marketing budget, new events, or updated equipment - there is always something your business is spending money on.
If you’re not carefully tracking it, there’s a good chance you will end up spending more than you need to, especially come tax season.
Accelerate your cannabis business’s growth with strategic support.
5.) You’re Not a Cannabis Accountant
You know your business best.
Let’s be blunt here:
You’re not a cannabis accountant, you’re an entrepreneur.
Why deal with all of the stress and put your business at risk?
Spend time doing what you love instead of worrying about dealing with your books or taxes.
Professional help will keep your business organized, compliant, and save you money in the process.
Maximize your deductions and increase your revenue by working with a seasoned cannabis accountant.
Interested in learning more?