Sales Tax for CBD
As cannabis business, you want to know, are CBD products taxable? The answer: yes. Since the 2018 South Dakota vs Wayfair, Inc ruling, the tax code declares that...
Blog - CFOShare
How Do I Recover from Business Financial Fraud?
Small business fraud is an unfortunately common occurrence. In fact, more fraud occurs in small businesses than in large corporations due to the lack of controls and oversight....
The Benefits of Hiring a Fractional CFO for Cannabis Business
A report by the Cannabis Business Times found the top three business related challenges to the industry were competition/declining prices, compliance, and financial management. How do you tackle...
A Cost Benefit Analysis of Work from Home
What is the financial benefit of work from home vs work from office vs hybrid work environments? There are plenty of studies surveying worker satisfaction in different work...
The Biden Tax Hikes for Small businesses
Last March, I published an article reviewing the small business impact of the then-leaked Biden Tax Reform proposal. This week House Democrats released their summary proposal to the...
How Do I Forecast with Tax Code 280E?
If you are in the cannabis business you are probably familiar with IRS 280E tax code. This tax code punishes you for selling a controlled substance by prohibiting...
What does a Forensic Accountant Do?
What does a Forensic Accountant Do? Is your small business not making as much profit as you expect? Are you earning profits but always falling short on cash?...
What is a 13 Week Cash Flow Forecast?
A 13 week cash flow forecast is a short term forecast used during liquidity shortfalls to plan a company’s cash flows and avoid financial distress such as missing...
What are the Red Flags of Fraud?
Do you stay awake at night wondering why your business is running out of cash? Have you grown your sales only to see your costs rise equally? Is...
What are Some Business Fraud Examples?
The news regularly has examples of corporate fraud – Wirecard defrauded the public by €1.9B, Matel defrauded of $3M by hackers, Fiat Chrysler salespeople orchestrated $8.7M in wire...