Need a Cannabis Virtual CFO and Tax Professional for your business?
Experienced Virtual Cannabis/CBD Bookkeeping and Tax Professionals
What is a virtual CFO?
Empowering growth and financial success - virtually
A virtual CFO (Chief Financial Officer) is a professional who provides financial management services to a company remotely, usually on a part-time or project basis. They can help with tasks such as bookkeeping, Federal and State tax reporting, budgeting and forecasting, financial planning and analysis, and risk management.
Virtual CFOs are often used by small and medium-sized businesses that do not have the resources to hire a full-time CFO. They can help take many of the financial tasks off the owner’s hands so the owner has more time to run the business or spend time with family.
Issues Faced by Cannabis Business Owners
Navigating the Complex Legal and Financial Landscape of the Cannabis Industry
Legal and regulatory issues
The everchanging landscape of the Cannabis industry makes things difficult to predict. We work alongside your legal representative to make sure we move in step with your business. We can also recommend a Cannabis attorney if needed.
Tax issues
Our team has over 15 years of tax experience in dealing with complex issues in all industries. Our broad tax knowledge allows us strategies to reduce your business tax liability under 280e while also considering the impact on the owner's individual tax return.
Banking and financial issues
One of the many roadblocks Cannabis business owners run into is access to convenient banking. We can help to find a bank that provides you with the right services to help your business run smoothly. Our financial reporting also helps provide those banks with what they need from you.
Reporting issues
Another problem Cannabis owners face is the ability to access financial professionals who understand the industry. We consider all aspects in your reporting. We know you need to see how your business is doing as do potential investors, banks, and regulatory agencies.
How we can help?
We work alongside you and your team to provide the support you need to reach your goals.
Focus
Creating more time for you to focus on growing your business.
Transparency
Giving you a clear financial picture of your business and where it is headed.
Growth
Helping provide the information you need to make decisions.
Compliance
Helping your business stay on top of State and Federal tax filings.
Levels of Service We Offer
We offer multiple packages to fit what works best for your business.
Startup
Our team makes sure your books are up to date monthly and the related backup is attached in case of an audit. Virtual data room included.
Growth
Startup plan plus monthly budgeting meeting and an additional monthly meeting to discuss any issues the management team might have.
Full Service
Growth plan plus a third monthly meeting to discuss forecasting. Tax preparation for both business and owner are included.
Add-Ons
Payroll & Payroll Tax Filings Business Tax Returns Personal Tax Returns QuickBooks Cleanup QuickBooks Online Training
Our Process
Initial Meeting
During your free consultation we like to discuss what you are looking for and what we think we can do to help you and your business.
Onboarding & Cleanup
Once you've decided on a package that works best for you we begin the process of bringing you on as a client (software setup, data room login) and gathering the information from you to bring your financials current.
Ongoing Service
Once onboarding and cleanup is complete we begin working together monthly to bring high end service to your Cannabis business.
Questions & Answers
Why I should choose your company?
We are selective and only provide service for a limited number of clients to make sure we have the time to create value and build the necessary relationships to help your business reach its full potential.
How long does the onboarding and cleanup process usually take?
This all depends on the current status of your books and the timeliness of provided information. We usually allow for 1-2 months to completely finish the onboarding process.
Will virtual work for me?
Definitely! Virtual just means that our processes are setup to be able to provide you with the top-tier service you need from where we are remotely. All of your information is handled by our team in Texas and Oklahoma and stored on secure servers.
How do you charge?
After your free initial consultation we send over our package offerings to choose from that have been custom tailored to your needs. All of these packages will be offered at a fixed fee so you don’t have any surprise bills from us. We review the contract every six months to make sure our services are line with what you actually need.
