Financial Operations Insights, Guides, and Tools
R&D Tax Credit for Biotech and Life Sciences Companies: Eligibility, Documentation, and Examples
Biotech and life sciences firms invest significant resources in research and development. Fortunately, the government recognizes the value of this effort and offers tax credits to offset these costs, which can be a massive support for pre-revenue or unprofitable startups.
Startup Accounting for Biotech Companies: What to Set Up in the First 90 Days
The first 90 days of any startup are the most critical. The decisions you make at this early stage can streamline engagement with investors and regulators, allowing you to focus on your mission without diverting unnecessary time and resources to accounting.
Life Sciences Tax Planning: A CPA Guide for Biotech, MedTech, and Pharma
The life sciences, biotech, MedTech, and pharmaceutical industries are among the most highly regulated industries. Companies in this niche contend with heavy compliance burdens, rapid-fire regulatory changes, and must always be ready for an audit or enforcement, often without advance notice.
5 Signs Your Cannabis Business Needs a Fractional CFO (Not Just an Accountant)
Cannabis finance is not a simple thing. Even the most accounting-savvy operator will sooner or later realize the value of having a qualified cannabis accountant in their corner to inform strategy, cash flow management, and compliance.
How to Choose an Entity for a Longevity Clinic (LLC vs S-Corp vs C-Corp)
Launching a startup can be complex! You want to set your business up for long-term success, but sometimes it’s hard to envision what things will look like in the years to come. One of the most critical decisions you’ll make is choosing the right legal structure for your business. Your choice here has far-reaching implications for the company’s future, fundraising, taxes, and growth strategy.
How Multi-License Cannabis Operators Can Simplify Tax and Entity Management
Cannabis is one of the most regulated and complex industries in the United States. No matter what entity structure you choose, tax compliance coupled with federal and state regulatory hurdles will keep you on your toes!
How Indoor Growers Can Set Up Financial Systems that Scale with the Harvest
The cannabis industry is enjoying explosive growth nationwide as most states have now either partly or fully legalized and decriminalized its sale and use. While we still have a ways to go, there’s no question that business is booming.
Capitalizing vs. Expensing: How to Handle Facility Build-Outs the Smart Way
Building out a cannabis facility is never cheap. When you factor in construction, equipment, license fees, consulting, and all the other sundry expenses you might incur, the total cost can be upwards of $500,000 or more.
Tax Planning for Longevity Businesses: A CPA’s Checklist for Owners
Longevity businesses are a diverse and growing niche that straddles multiple industries, including healthcare, technology, and research. It includes biotech startups, supplement brands, wellness clinics, medspas, digital health platforms, and personalized healthcare, and as such, each requires a tailored approach to accounting and taxation.
Cost Accounting for NY Cultivators:The Secret to Surviving 280E
As all cannabis operators are acutely aware of, IRC 280E is the bane of the industry. Without proper cost accounting strategies in place, already-tight margins contract into a painfully tight place, threatening continuity and weakening any opportunities for growth and expansion.
The Ultimate Cannabis AccountingTech Stack for 2026
Cannabis businesses rely on software to navigate complex accounting, compliance, and tax reporting requirements. But when you’re swimming in a sea of options – all claiming to be the only solution you need – how do you choose?
Proper Tax and Accounting Treatment for Gift Cards and Package Credits
Wellness and longevity clinics operate on a different business model than most healthcare organizations. With retail, lifestyle, diagnostics, and health services under a single umbrella, deferred revenue is the norm. And while recurring payments from memberships and subscriptions can provide sustainable income, they come with some complexities.
Tips for Managing Cash Flow and Inventory Across the NY Cannabis Supply Chain
Tight margins, regulatory and compliance mandates, and the rigors of the highly competitive New York cannabis market challenge operators on a daily basis. How you handle inventory across the supply chain can be a mitigating factor, as every decision affects the bottom line.
Longevity Clinic Accounting: What to Track Weekly (Revenue, COGS, Provider Pay, Cash)
Longevity clinics are a unique aspect of healthcare, combining personalized wellness and premium services that don’t resemble your typical medical practice. Most clinics offer a hybrid mix of memberships, a la carte treatments, diagnostics, and performance-enhancing services.
280E for NYC Dispensaries: What You Can Deduct and What Will Get You Flagged
New York state’s decoupling from IRC 280E is good news for New York dispensaries, as it provides significant tax relief at the state level. Federally, 280E still applies, prohibiting all cannabis businesses from deducting normal business expenses, including payroll, office equipment, marketing, lease payments, and more.
ASC 740 for Cannabis Operators: What You Need to Know About Income Tax Accounting (and How to Avoid Costly Surprises)
Cannabis tax accounting is a complicated business; there’s no question about it. Part and parcel of this undertaking is adherence to ASC 740, which ensures that companies report their taxes accurately and in accordance with the relevant standards.
Pass-Through Entities in the Cannabis Industry: Structure Smart, Stay Compliant, and Save on Taxes
Structuring a cannabis business as a pass-through entity is—at least on the surface—an excellent way to reduce the tax burden for cannabis businesses. When a company is structured this way, it is not subject to federal income tax as the tax burden is passed on to the owners, who report the income on their personal returns and pay the applicable taxes, avoiding double taxation.
Internal Controls for Life Sciences Startups: The “Pre-Audit” Checklist
Life sciences startups are typically not laser-focused on anything beyond innovation and their current projects, and finding the funding they need to keep it all going. However, without proper internal controls and SOPs, compliance and regulatory approvals may be challenging.
The Benefits of Fractional Bookkeeping Services for Cannabis Companies
Despite all signs that point to a booming cannabis industry, operators are constantly challenged to stay profitable in this highly regulated environment. Margins are tight, and meticulous accounting and tax planning are essential to ensure compliance, maximize deductions, and minimize the tax burden.
What a Sample Cost Segregation Report Looks Like—and Why It Could Save Your Cannabis Business Thousands
Cannabis businesses are constantly challenged by federal and state tax laws that limit business deductions and over-inflate taxable revenue. Cost segregation is a tax-planning strategy that enables any cannabis business that has purchased new real property or has expanded or remodeled existing real estate to reduce taxes, increase cash flow, and accelerate depreciation, effectively deferring federal and state taxes payable.