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5 Things to Consider While Hiring Cannabis CPA

You have an established cannabis business, and you are looking to hire a cannabis CPA to take care of the accounting and finance. Here is what you need to consider.<br>

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5 Things to Consider While Hiring Cannabis CPA

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  1. 5 Things to Consider While Hiring Cannabis CPA

  2. You have an established cannabis business, and you are looking to hire a cannabis CPA accounting and finance. Here is what you need to consider: to take care of the 1. Certifications You will surely want a professional to take care of the accounting and finance. The person whom you are hiring should have a valid CPA certification. It will provide you the assurance about the tax return preparation. You may also have a look at the licenses which the professional holds. 2. Experience It is obvious, and you will surely not want the CPA to learn about practicing from your business when you want him to take care of your accounting.

  3. A CPA has to learn in the first five years of his practice which means that you should be hiring a CPA who has more experience than this. 3. Industries Worked There is no doubt that a Cannabis CPA will help, but you should not ignore the experience of CPA. If a professional has many years of experience which is not from the Cannabis industry, even then his experience has value. Thus CPAs having experience in retail, manufacturing, agriculture industries is beneficial as well. 4. Experience in the Cannabis Industry You need to ask the CPA about his experience in the cannabis industry. When it comes to CPAs, who don’t have operational or inside experience, of working within

  4. Cannabis Company they can even be useful for your company. When you compare two CPAs one of whom has inside industry experience and hand managed the things internally, then it makes more sense to take the services of a CPA who has the needed internal experience as they will have seen the things which the other who has managed the things from outside will not have an exposure to. 5. Passion When you are looking for a CPA for your cannabis industry, you should ask whether the CPA is passionate about it. If he is not interested, then he will not be serious about your business as he can earn easily somewhere else. In this industry, he will have to do a lot of hand-holding, cleansing and revisions which is not much of interest to many.

  5. In The End These are a few things that you need to consider when you are hiring a cannabis CPA. There may be many others as well so be careful if you don’t want to waste time and money.

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