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Cannabis bookkeeping best practices ensure those operating in this elevated space never need to worry about their finances. Since this industry remains illegal at the federal level, businesses in this …

Curious to learn more about cannabis industry financial reporting requirements? You’ve come to the right place! The cannabis industry’s financial reporting requirements vary from state to state. However, federally speaking, …

Compliance challenges in cannabis accounting have emerged as a significant concern in the rapidly growing cannabis industry. With the legalization of cannabis in some form in many states across the United States, …

Understanding the intricacies of tax regulations is crucial for cannabis companies operating in the United States. In particular, the 280E tax regulation poses significant challenges and complexities for these businesses. …

Is accounting software for cannabis accounting necessary? Absolutely not. In fact, we recommend our clients keep track of their finances manually as there is still no robust accounting software for …

Curious to learn more about managing accounts receivable in the cannabis sector? You’ve come to the right place! Managing accounts receivable is a crucial aspect of financial management in any sector, and …

What exactly should you know before filing your Employee Retention Credit in 2023? This is what we aim to answer here and now! The Employee Retention Credit (ERC) is a tax credit program …

Curious to learn more about how to apply for Employee Retention Credit (ERC) ? You’ve come to the right place! The COVID-19 pandemic has severely impacted businesses and their employees, with many struggling to …

What is ERC support and how can it help your business get the refund it deserves? ERC support is an efficient and reliable way to help your business streamline the processes associated …

How long does it take to get an ERC refund ? Ultimately, this depends on the complexity of the return. But generally, you can expect to get your refund within three weeks …

Wondering how to calculate ERC credit ? You’ve come to the right place! At Northstar, we have experience helping our clients understand and maximize their employee retention credit (ERC). To calculate the …

Who qualifies for the Employee Retention Tax Credit , anyways? Knowing your eligibility goes a long way in acquiring this tax credit! The Employee Retention Tax Credit (ERTC) was created to respond to the …

What is the Employee Retention Credit (ERC) , anyways? The ERC is a tax credit provided by the federal government to help employers cover the cost of retaining employees during the COVID-19 pandemic. It …

How do you value a business based on profit? What role does profit play in business valuation? Valuing a business based on profit can be a tricky task. After all, profit’s simply the revenue a business …

How do you determine if a business is worth buying ? Are there any green flags to look for during the due diligence process? You may be thinking of buying a business, but how do you know if it’s worth …

When selling a business, how do you value it ? Is it strictly based on assets and revenue? Or is there something else involved? You might be selling your business because you’re retiring, relocating, or just ready for …

How many times revenue is a business worth ? Is it 30? Maybe it’s 50. Every now and then, you’ll find businesses claiming to be worth millions of dollars. But how is this figure actually calculated? What does …

What are the 5 methods of company valuation ? If this is the question on your mind, we have answers for you! Company valuation is the process of determining the economic value …

How do I calculate the value of my business ? Is it a simple calculation? Or is there a more in-depth algorithm you need? As a business owner, it’s important to know the value of your …

Ever wonder how to value a cannabis grow operation? This is one of the major keys to buying or selling these businesses. Cannabis cultivation is a booming business in the United …

Who does the CFO report to? Is it the business operator, the CEO, or someone else? The role of a CFO is among the topmost important positions in a company as …