The Top 5 Pitfalls of Cannabis CEOs

5 avoidable mistakes committed by cannabis companies 1. Treating Investors and Employees Badly The cannabis business is a newly legalized industry that is growing astronomically. To that end, poor accounting practices, lack of executive direction and leadership, an ineffective HR system, and a team that is improperly or under-trained will sink the ship, just as […]

5 Fall Projects to Refresh Your Financial Results

As we move into the fall season and the final quarter of the year, it’s a perfect time to commit to a project in your business that will help you reach the year’s end in better shape.  Here are 5 ideas: Back-to-School Time If payroll expenses are one of the higher costs in your business, […]

Hobbies and Income Tax

Article Highlights: Hobby, Trade, or Business Profit Motive Factors Determining Profit Motive Presumption of Profit Motive Tax Treatment of Hobbies Millions of U.S. taxpayers engage in hobbies such as collecting stamps or coins, refurbishing old cars, making crafts, painting or breeding horses, and the list goes on. Some hobbies will actually generate income, and some […]