Partner with professionals and advisors who treat your wellness, medspa, or cannabis business with care and diligence.
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A sound and secure financial footing is a must from the moment you decide to start a wellness, medspa, or cannabis company. That’s true whether you’re building a business from the ground up or, for a cannabis business, expanding your operations to a newly legal state. Fractional CFO services, which encompass industry-leading HR, compliance, and client advisory services like bookkeeping and tax prep, create the strongest possible foundation.
Fractional CFO services set up your company for longevity and many successful years to come, without the need to hire full-time, in-house professionals. They correctly set up your business’s core financial functions while integrating with your company to ensure success now and into the future. Responsible for both day-to-day and long-term business operations, fractional CFO services are essential to your new business’s financial health.
Fractional CFO services include:
Taxes are complicated for any business, and in the wellness and medspa industries, it’s paramount to track all your equipment purchases so that you can claim deductions. And in the cannabis industry, where IRS tax provisions like Section 280E make the notoriously tough tax process even more complicated, a smart, laser-focused tax strategy is of the essence. As a firm that offers CPA services, we work to maximize profitability and ensure your wellness, medspa, or cannabis business remains fully compliant with local, state, and federal tax obligations.
Tax preparation and planning services include:
A controller is responsible for the accuracy of your financial data. They ensure that you’re staying on track by keeping your business compliant with local, state, and federal laws. As your controller, we take your mind off these details so you can focus on growing your business.
Controller services include:
Clean books are essential from the very beginning of your business. From setting up your chosen accounting software to reviewing your statements each quarter, proper bookkeeping ensures that every penny your business earns and spends is accounted for.
Bookkeeping services include:
Morem & Waller, CPAs, works with the wellness, medspa, cannabis, CBD, hemp, salon, spa, gym, and wellness tourism industries. We serve companies in all 50 states, and we have deep ties to the cannabis communities in Vermont, Massachusetts, Montana, Oklahoma, and our home state of Minnesota.
A strong financial forecast can help strengthen every part of your business, from cannabis companies submitting license applications to capital raise efforts for your medspa company.
Choose from our Simple or Advanced forecast packages to match your specific business needs.
Learn More About Financial Forecasts
Get things off on the right foot with our medspa profitability tool.
Calculate the best pricing for your services, improve your financial forecasting and budgeting, and yield 50% to 60% profit margins per service.
Your business will become more profitable — after all, revenue is vanity, and profit is sanity.
The best part? Betsy Morem, co-founder and managing partner at Morem & Waller, CPAs, owns a medspa in Austin, MN. Her firsthand experience informs our profitability tool.
Learn More About Medspa Profitability
At Morem & Waller, CPAs, we’re proud to support social equity businesses in the cannabis space, where these businesses are prominent, as they start their journeys. Our services provide the tools necessary for building resilient, future-proof infrastructure. We invite social equity businesses, both plant-touching and ancillary, to book a free, no-obligation consultation with us to learn how we can help.
Book a 1-hour complimentary consultation
If your wellness, medspa , or cannabis operation is growing at a rapid clip, now is the time to ensure your financial infrastructure is ready to handle all the growth coming your way.
Scaling Businesses Start Here
If your business has been around the block and you’re looking for new guidance, partner with a firm that can take your company to new heights.
Maturing Businesses Start HereIt’s time to get growing.
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