What you should Know Before Getting a Cannabis Business Accountant
It is through numbers that you get to make a company big. In the recent times that there are so many people that are flocking the cannabis areas of business and this means that you need to come up with structures. This means that you have to keep your business in order. Your books have to stay well and organized. It is very important for the business when you already have the person that you can work with. One person that you need for your business is a bookkeeper to protect an explain to the IRS. You will be exposing all you strategies and money problems to the accountant therefore they must be a person you can rely on. You have to be very straight forward in the person that you get to select since they determine your fate.
A bookkeeper is an accountant in the organization that has been tasked with the work of reviewing the transactions existing in the business and complying them to have a report. There are government fillings and state requirements records that the bookkeeper has to present. To aid your hiring process we have come up with a few things that you must see through so that you can have the best hiring process that will make you have the best staff.
The first thing is that you need and understanding are the types of the accounting professional there are. There are complicated sections of accountant that have to be explained first. These accountants are the CPA, the bookkeeper, and the enrolled agent. The CPA is the certified public accountant. You have to take a relevant course to be enrolled as one. CPA account has been given the audit to do an audit of your business accounting. Another responsibility that they have is being able to give an opinion on the running of your company.
The bookkeeper, on the other hand, will review the business transactions and will assemble the information for use. This is the information needed by the government for filling.
The enrolled agent is also an accountant. The enrolled agents represent your interests before the IRS ad they have also been trained to prepare returns. There is an IRS exam that they get to go through and pas the certification mark.
The baseline for selecting an accountant should not be short of honesty and diligence. What you need to get from this point is the person who is trustworthy. Be keen to notice fishy deals among the accountants. You cannot when they are not responding to you. An accountant who takes shortcuts they think is creativity are not fit for your business. They can get your behind bars very easy and lead to your business failure. The accountant that you hire should very well understand the marijuana laws that have been put in place.
You need to work as an accountant that has personal networks.