Blooming CFO

Tender to your Business and Bloom

How does Blooming CFO provide peace of mind?

-Internal Controls, Risk Mitigation, and Corporate Governance Tools
-We are part of a world class network, with "big 4" level CFOs, CPAs, and resources.
-We have access to answers, ideas, and solutions to any owner issue

How do you benefit?
-Can sleep at night
-Can focus on brand, growth, product, what you love!
-Don't need to worry about accounting, tax, hr, compliance
-Know you have access to world class knowledge and most importantly, solutions.

Part6of6
**p

Friends in town site seeing and where am I… studying in car! Determined to finish EA!

Tender to your Business and Bloom

How does Blooming CFO make a difference?

-We put out fires so you can focus on product/brand
-Responsive, organized, timely, accurate, dependable
-Always searching for ways to give you value enhancing ideas

Benefit?
-Work is a passion that you can enjoy
-We support the community and employees as well as owners
-Build something with lasting value for your children and heirs

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**p

Tender to your Business and Bloom

How does Blooming CFO lower taxes?

-Monthly cost accounting (280e)
-Annual Tax Planning Review and Ideas -Tax Ready books and records, so tax returns are done right, with proper support

How do you benefit?
-Increases take home cash flow
-Is done correctly, but minimizes what is
owed
-Improves company cash flow, so you can grow business

Part4of6
**p

Tender to your Business and Bloom

How does Blooming CFO provide World Class Reporting?
-Rolling Cash Forecast
-KPIs, Scorecards, Benchmarking -Budget Vs. Actual
-P&L analytics
-All built on fully tied out, accurate, complete accounting data

Benefits to you, CEO and your company?
-Better able to run and grow the business
-Better able to identify, manage, and mitigate risks
-Better able to plan for the long term Better able to pivot when challenges arise
-Better communicatons with Management Team, Board, Investors, Lenders

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**p

Tender to your Business and Bloom

How does Blooming CFO provide improved cash flow?

-Cash forecasting Tools
-Capital Needs Templates
-Deep dive analytics for decision making Startup models, decks and tools.

How does this benefit you and your company?
-More Money to take home
-Easier to manage and grow the business
-Insures long term stability and sustainability

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Tender To Your Business and Bloom

What does world class Accounting include?

-Onboarding and clean up systems
-Perpetual Data Room
-data entry, reconciliations, payroll, HR, month end close
-cost accounting (280e)
-Month end “tie out” system
-permanent audit trail

How do you and your company benefit?

-Leads to Easier Access to Investor Capital
-Easier to secure and maintain lending
-Can better manage the company
-Can survive any state or federal audit
-Adds huge value at any exit or M&A

Since I started on this journey of providing CFO services to h**p, cannabis and psychedelic companies, one thing I have learned is, change!

Change is inevitable, it is constant, on what almost feels like, a daily basis! From laws and regulations on the federal and state level, to licensing, the market, to products, ancillary products and services, funding, collections, banking and so much more!

This is a lot when regulatory agencies, vendors, Investors, clients and competition pulling your resources in all different directions!

A CFO specializing in the industry can make a huge difference. How can we, you ask?
We provide:
1. World Class Accounting
2. Improve cash Flow
3. World Class Reporting
4. Lower Taxes
5. Make a difference (put out fires and stay on top of all areas of industry)
6. Peace of Mind

Want to learn more on how a CFO can partner with you to tender to your business so you can bloom. I will be providing details on each topic. Follow along for my 6 part series! I will post daily! Post some of your pain points or dm me!

💸Cash Management💸

Why is budgeting and cash forecasting important?

They are important so you can stay on top of trends in your business and make decisions from the real numbers.

If you do not know where you are today, how can you plan for tomorrow or the future for your business?

Here are a few tips to help your cannabis business keep your cash flow in check:

💰Inflows exceed Outflows
💰Manage collections
💰Processes in place for cash transactions
💰Keep cash set aside for emergencies
💰Reconcile your bank accounts monthly

I have seen cannabis and psychedelic companies trying to beat 280e by creative entity structuring, claiming deductions incorrectly, and other tactics that will end up as a very costly learning experience. Steep penalties, interest and loss of license is the risk you are taking.

Many Attorneys, Accountants and CFO’s are not doing this properly.

Be sure to hire accounting professionals that will provide proper cost accounting. You can capture deductions, lowering your taxes and have peace of mind.

Want to know if your accounting is being done properly?
Contact me for a consultation.