Tools

Understanding your med spa profit margin: A tool to strengthen your business - Download our Morem Waller Medspa profit margin calculator

Understanding Your MedSpa Profit Margins: A Tool to Strengthen Your Business

At Morem & Waller CPAs, we’ve spent years helping businesses in highly regulated industries take control of their financial future. As our firm evolves, so has our focus. While we remain deeply committed to the cannabis industry, we’ve expanded our understanding and services into the broader wellness space. That includes medspas, salons, gyms, and wellness […]

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5 Key Performance Indicators Medical Spa Owners Should Track Weekly

To keep your medical spa growing and thriving, tracking the right metrics is essential. Weekly KPI reviews help you stay proactive, drive accountability, and fine-tune your strategy. Here are five core KPIs every med spa owner should monitor: 1. Pre-Book %This tracks the percentage of clients who book their next appointment before leaving. A strong […]

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Optimizing Compensation in the MedSpa Industry: The 20% Rule

Compensation is one of the largest expenses for medspa owners, and if not managed properly, it can significantly impact profitability. A best practice in the industry is to keep total compensation at or below 20% of revenue to ensure financial health and sustainable growth. Why the 20% Compensation Rule Matters When compensation costs exceed 20% […]

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Minnesota Cannabis Social Equity Applicants - SOP for GAAP and Tax Compliance

Essential Minnesota Social Equity Applicant SOP Checklist

Are you a social equity applicant seeking a cannabis license in Minnesota? We understand the unique challenges you face and are here to support you every step of the way. Morem & Waller CPAs is excited to offer a comprehensive checklist designed specifically for you! Our free checklist is more than just a guide; it’s […]

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Cannabis Accounting Operational Checklist - Free download

Why an Accounting Operational Checklist is a Must for New Cannabis Businesses

As a new cannabis business, you face unique challenges and opportunities. At Morem and Waller CPAs, we understand these challenges, and we have the solution for you: an accounting operational checklist. This tool can help you in three key ways: Start your journey to become and remain compliant with ease using our new Operational Checklist. […]

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