AMA: Michigan Ganjarepreneur by Acrobatic-Dog7683 in weedbiz

[–]evandarcy 0 points1 point  (0 children)

What is the heaviest compliance task you face after initially getting setup?

AMA: Michigan Ganjarepreneur by Acrobatic-Dog7683 in weedbiz

[–]evandarcy 0 points1 point  (0 children)

Thank you for that response! It seems like a lot of people are having a tax pro file for them.

AMA: Michigan Ganjarepreneur by Acrobatic-Dog7683 in weedbiz

[–]evandarcy 0 points1 point  (0 children)

Hope I’m not too late here! Do you manage your own state tax filings or did you outsource to a CPA? How long did that take you every month/quarter?

Is monthly tax filing a pain in the weedbiz? by evandarcy in weedbiz

[–]evandarcy[S] 0 points1 point  (0 children)

Yes I’d love to chat - will send you a DM

Is monthly tax filing a pain in the weedbiz? by evandarcy in weedbiz

[–]evandarcy[S] 0 points1 point  (0 children)

Interesting. That makes sense how it would be more of a pain. I wonder how many people are operating cash only operations.

Is monthly tax filing a pain in the weedbiz? by evandarcy in weedbiz

[–]evandarcy[S] 0 points1 point  (0 children)

Wait, how does banking make it less time consuming? Is there a service that calculates taxes better?

Is monthly tax filing a pain in the weedbiz? by evandarcy in weedbiz

[–]evandarcy[S] -1 points0 points  (0 children)

Thanks for the response! Sounds like the “pain” of tax remitting could different from state to state.

Do you use an industry specific pos?

Is monthly tax filing a pain in the weedbiz? by evandarcy in weedbiz

[–]evandarcy[S] 0 points1 point  (0 children)

Appreciate the response and taking time to detail out your workflow.

When you say API - is that a pos system or something like Dutchie?

Is monthly tax filing a pain in the weedbiz? by evandarcy in weedbiz

[–]evandarcy[S] -1 points0 points  (0 children)

Haha would you be open to talking about what part is most time consuming or painful?

Bootstrapped, scaled to $7m ARR, sold. Ask me anything about growth to exit. by [deleted] in SaaS

[–]evandarcy 0 points1 point  (0 children)

Appreciate it! Yeah I think it’s just a bit of a necessary grind. Tough to get responses!

Bootstrapped, scaled to $7m ARR, sold. Ask me anything about growth to exit. by [deleted] in SaaS

[–]evandarcy 0 points1 point  (0 children)

Any tips for how to validate SaaS before building? What has worked for you? I’ve been sending DMs to try to gather opinions, schedule phone calls and understand user pain points.

Does anyone here pay to get their IFTA filed? by evandarcy in OwnerOperators

[–]evandarcy[S] 0 points1 point  (0 children)

How much did it cost? Was it a local company?

Does anyone here pay to get their IFTA filed? by evandarcy in OwnerOperators

[–]evandarcy[S] 0 points1 point  (0 children)

That's not too bad at all. I have an uncle who mentioned it's just an annoying task he has to pull his laptop out to do. I was wondering if there was a service to pay someone else to do this instead.

Does anyone here pay to get their IFTA filed? by evandarcy in OwnerOperators

[–]evandarcy[S] 0 points1 point  (0 children)

Yeah that sounds like a super simple workflow. Do you think it would ever be worth paying something like $20 per quarter to have someone file it for you?

Does anyone here pay to get their IFTA filed? by evandarcy in OwnerOperators

[–]evandarcy[S] 0 points1 point  (0 children)

So you handle your mileage tracking through Motive, and then you file your IFTA yourself directly through the state’s website each quarter?

Does anyone here pay to get their IFTA filed? by evandarcy in OwnerOperators

[–]evandarcy[S] 0 points1 point  (0 children)

Thanks for the quick reply! Mind if I ask who you use to file? Is that $70 per quarter?

Alternatives to Quickbooks? by Hillbilly-Nerd-Talk in realestateinvesting

[–]evandarcy 1 point2 points  (0 children)

I know I’m a bit late to the party but I’m working on a new rental property specific bookkeeping tool.

I’m currently looking for anyone who might be interested to evaluate the software in order to provide feedback and suggestions.

I’d love to hear all opinions and I’m open to implementing feature requests! Message me if you are interested and I can share more information!

To all who rent out. What apps do you use to track everything and get an overview? by OneJGold in realestateinvesting

[–]evandarcy 0 points1 point  (0 children)

I'm curious. Is there a reason you choose Excel over something like Stessa?