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Rather than the standard "one-size-fits-all" approach to outsourced financial services, we serve as fully integrated, fully committed members of your management team, providing customized financial, accounting, tax, and CFO services at a fraction of the cost of an in-house team, but with the same level of dedication, availability and care.
In an industry as volatile as cannabis, day-to-day management duties can prevent you from seeing the bigger picture. By putting your company on a solid financial footing, we free you to focus on the mission of developing and refining your vision for strategic growth. With the right systems, processes, and financial support, your business will be set up for ultimate success.
By disallowing deductions such as employee wages, rent, and office space, the federal government has imposed an effective tax rate on cannabis companies that's 350% higher than any other businesses. During our initial consultation, we will evaluate your business structure to determine its impact on your tax liability under 280E.
Reviews (9)
Jake R.
Mar 17, 2022
I can't say enough about this firm, I absolutely agree with the above posts. Northstar Financial knows the cannabis industry inside and out. We were being audited, and Northstar was able to clean up all of our historical financials, help us get through the audit penalty free, and re-filed our taxes saving us thousands of dollars. Northstar is going to be with us for many years to come. Thank you guys.
Ronald Williams
Jun 01, 2021
Noah Mendelsohn
Dec 22, 2020
Michael Klein
Jun 21, 2020
Northstar Financial Consulting Group has been instrumental to our growth. By developing robust financials and instituting strong budgeting processes we've been able to take our company to the next level. The staff is warm and the customer service is impeccable. Hiring Northstar Financial Consulting Group is a game changer.
Ayden Jacob
Jun 01, 2020
Northstar Financial Consulting Group proved to be incredibly helpful in developing and managing our business model. In a very unique niche market, their team worked adamantly at propelling us forward with robust economic models, clear strategic planning, tax law and accounting consulting, and key infrastructure development of our internal finances. The team at Northstar is honest and dependable, and their work is second to none.
Ami
Feb 23, 2020
Dove
Jan 07, 2020
Honestly, some of the nicest most honest people I've met. I always worry when hiring a consulting or financial firm of any kind, but they were so direct and honest I was relieved. Their skills are evident right away, and this specific business we're in is complicated, so having someone like them helped our company immensely. I couldn't recommend them enough.
Daniel Ferszt
Jan 02, 2020
Gaby Danieli
Nov 26, 2019
Northstar Financial Consulting continues to be a great advisor for our company's growth and development. The team has guided and helped us institute a successful financial program and budgeting process, as well as a successful plan for our fundraising department. We were very impressed with their efficient and hardworking team and ethics.