Entrepreneurs

Cannabis businesses don’t get the luxury of “standard” bookkeeping. Between cash-heavy operations, seed-to-sale inventory rules, excise taxes, and IRS 280E limitations, your books need to be built to withstand scrutiny—and …

Running an ecommerce business is fast-moving—and financially messy if your bookkeeping isn’t built for online selling. Shopify (or Amazon) deposits aren’t the same thing as revenue. Refunds, chargebacks, merchant fees, …

When this B2B SaaS company first reached out to Northstar, they were in a familiar spot: Mid seven-figure ARR, A product their customers loved, A board that believed in the …

When a buyer or private equity fund reviews your professional services firm, they’re not just buying your client list, your brand, or your partners’ reputations. They’re underwriting the earnings quality …

When you move beyond small seed rounds, your books become more than an internal record. They are the foundation investors and lenders use to decide: Whether to back you at …

The email comes in from your board chair: “We should probably get a real audit this year.” You’ve grown past the “bookkeeper plus annual tax return” phase. There’s outside money …

If you run a consulting firm, agency, IT services group, law practice, architecture studio, or any professional services business, you already know how fragile operational trust is. You sell expertise, …

The Letter Every Cannabis Operator Dreads You arrive at your dispensary or cultivation facility and find an official envelope stamped IRS, State Tax Board, or Department of Cannabis Control. It’s not junk mail — it’s an audit notification. For cannabis entrepreneurs, …

When Payroll Meets Panic It’s Friday morning. Payroll runs Wednesday. You open the banking app and your stomach clenches — the balance won’t stretch. At that moment, your company shrinks to one question: “How do …

When Growth Outruns Your Books Crossing the $5 million mark should feel like momentum — steady revenue, loyal customers, predictable demand. But for many founders, this milestone brings a new surprise: …

The Email Every Founder Dreads It’s late, your inbox pings, and the subject line reads: “Audit Kickoff: Next Month.” Instantly, the adrenaline hits. You start scanning last year’s folders and Slack threads, realizing half the receipts live …

The Word “Audit” Shouldn’t Stop Your Heart You check your email late Friday evening. The subject line says: “IRS Notice — Response Required.” Your pulse spikes. Your mind races to …

Sometimes it’s not feasible to hire a full-time resource for your business. Reasons could be due to cost, or it could be the lack of being able to find the …

From July 1st, 2022 the cultivation tax ceases to be applicable to marijuana or marijuana-related products that make it into the market for commercial use. Manufacturers and distributors do not have …

Curious to learn more about NJ weed laws in 2022? Northstar has you covered! As New Jersey’s legal cannabis marketplace begins to take shape, some rules and regulations will apply. …

Despite the fact that the space is still maturing, the legal marijuana industry has captivated many high-profile cannabis angel investors. Several platforms focused on funding these operations have been on the rise, and …

The future in accounting for cannabis is looking good. However, at this point, the space isn’t completely clear. There are still many uncertainties plaguing cannabis companies, particularly in the accounting department, although this …

Wondering what a cannabis CFO service entails? You’re in the right place! If you’re visiting this page, you’re likely wondering what a cannabis CFO service entails. As more competition enters the space, it …

Accounting for cannabis inventory is essential for dispensary owners and retailers alike. This, of course, involves an effective and efficient POS system that offers costing methods for appropriate inventory valuation …

Looking for cannabiz accounting advice to expand your share of the legal cannabis industry? You’re not alone! As the cannabis market matures, cannabusinesses are looking for ways to streamline their accounting processes, …

If you’re here, you’re wondering, “What are liabilities in accounting ?” Simply put, liabilities in accounting are the organization’s financial obligations. But what does this mean exactly? Companies have liabilities that …