Webinar Recap: Year-End Accounting Prep for Cannabis & Wellness Businesses

As year-end approaches, it’s crucial for cannabis or wellness businesses to get their financials in order. In this webinar, Morem & Waller CPAs guides you through the essential year-end accounting tasks that cannabis operators must prioritize. From inventory counts to planning for tax season, we’ll cover the checklists and important dates that will keep your business organized and compliant. Plus, we’ll share insights on why hiring a cannabis-focused accountant can streamline your finances, whether you’re fully operational or preparing to launch.

1. Reconcile All Accounts
2. Review and Adjust Inventory
3. Organize and Review Financial Statements
4. Review Vendor and Contractor Payments
5. Plan for 2025 Estimated Taxes
6. Verify Payroll Compliance
7. Review Sales Tax Reporting
8. Review and Clean Up Fixed Asset Records
9. Evaluate EOY Financial Opportunities
10. Plan for the Year Ahead

Watch the full video for all the details and see the Top Ten Things to Do Now to Prepare for Tax Season below!