{"id":61406,"date":"2019-05-27t12:01:40","date_gmt":"2019-05-27t16:01:40","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=61406"},"modified":"2019-06-18t13:45:58","modified_gmt":"2019-06-18t17:45:58","slug":"leveling-the-playing-field-for-cannabis-businesses","status":"publish","type":"post","link":"\/\/www.g005e.com\/2019\/05\/27\/leveling-the-playing-field-for-cannabis-businesses\/","title":{"rendered":"leveling the playing field for cannabis businesses"},"content":{"rendered":"
\"portrait
whalen<\/figcaption><\/figure>\n

green bean cfo tackles the common problem of irs form 8300.
\n<\/strong><\/p>\n

by liz gold
\n<\/em>cannabizcpa.pro<\/i><\/a><\/p>\n

\u201ca savvy ceo owner knows that a world-class cannabis finance and accounting team is a necessity and a competitive advantage,\u201d writes brian whalen, cpa in the opening to his book, \u201ccannabis entrepreneurs\u2019 guide to accounting, taxation & financial compliance<\/a>.\u201d<\/p>\n

more on cannabiz:<\/b> strimo: new tech for managing cannabis business performance<\/a> | cohnreznick goes national on cannabis<\/a> | minorities, women & cannabis<\/a> | cpa takes his cannabis practice on the road<\/a> | leveraging r&d credits and depreciation for cannabis clients<\/a>
\n\"goprocpa.com\"exclusively for pro members. <\/span><\/strong>
log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n

\u201cthere is only one right way to do cannabis accounting,\u201d he writes. \u201cdoing accrual\/cost accounting in accordance with generally accepted accounting principles (gaap) ensures that you pay as little tax as possible, are always state compliant and irs audit-ready, and have financial statements ready for securing investors and lenders. in addition, performance metrics can be harnessed from your financials and used to set goals for operations and management.\u201d
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based in new bedford, mass., whalen founded green bean cfo to level the playing field for established cannabis businesses and newcomers by providing an affordable finance and accounting department. he\u2019s not your typical cpa, either \u2013 he comes with tattoos and stories from serving six years as a u.s. navy nuclear reactor operator.<\/p>\n