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Enclosed Cannabis Grow Rooms and the Modern Grower

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28 remember a time when growing cannabis was simple. You sprouted the seed, you put it in a pot of soil. You put it in a sunny part of the house, outside somewhere discreet, or underneath a grow lamp in a grow room you put together yourself. You watched your plant rise up from a tiny seedling to a big bush, and then you harvested. Those were the days.

The only problem with those days was that it really wasn’t as simple as we fondly remember it to be. The quality of the bud was extremely variable, and sometimes it would take several attempts to have a successful harvest at all. Mite infestations would happen, and then you’d have to go back and do your research on how not to make them not happen. And then on your next try, gnats or snails would take over, and then it was back to the drawing board. Or, powdery mildew would start appearing on your leaves and between your buds, and once again you’d have to go back and do some research on how to avoid this. Buds would come out small and underdeveloped, the plant would get stressed, root rot would set in. And every time we ran into a problem, we had to go back, figure out what we did wrong, and try again, meanwhile hoping and praying we wouldn’t get caught.

It’s common to look back with nostalgia on the good old days, the simpler times. But, the truth is, improvements come along for a reason. As much as we may enjoy the classic feel and simplicity of an old Chevy, you really can’t beat the gas mileage, performance, and fine tuning of a modern vehicle. Similarly, when it comes to growing cannabis, the old, clunky, haphazard trial and error process of growing your cannabis with minimal equipment really can’t compete with the modern enclosed cannabis grow room.

The reason for this is, again, like the reason for the superiority of newer car technology. A modern modular, prefab grow room simply has more complex systems, with more fine-tuning of the growing process. While older methods left a large margin for error, an enclosed marijuana growing room provides a degree of control over the growing environment that was previously unavailable. This means that, with most variables accounted for, you are much less likely to run into any potential problems.

The modern enclosed cannabis grow room has an assortment of devices to control every aspect of it’s contained growing environment. Temperature and humidity are carefully monitored and regulated, which will prevent the onset of most molds and fungi. Incoming air is filtered for contaminants, and outgoing air is also filtered to eliminate odor for your comfort and discretion. Lights are kept on timers, and reflective surfaces all over the inside of the grow room make sure that your plants get every photon that they can for their photosynthetic needs. The grow room is designed to be light-tight, which is critical for the proper flowering of your buds, and also air tight, which is critical for your safety and comfort, and to prevent invasion by molds and pests. Watering systems can be timed to run automatically, and fans will ensure that your plants grow up strong and receive all of the CO2 and other gases they need.

Since we’re singing the praises of modern grow room technology, it’s worthwhile to mention the latest and most advanced element that can be added to your enclosed grow room, which makes the entire process even easier. That element is a central, computerized control system, which can coordinate all of your automated systems together with one, central device. All of your timers for lights and water can be controlled from this device, and temperature and humidity readings can be used to prompt when to turn on your ventilation or air conditioning. Sensors can also be installed to warn you in case of any emergency situations, such as flooding. It’s even possible to install cameras, so that you can monitor your grow from anywhere, literally the other side of the world, if you want to. This system makes it so that you barely ever have to even open your grow room and step inside, which is good for maintaining minimal contamination, as well.

Clearly, growing cannabis is not what it used to be. But I think we should view that as a good thing. It’s now possible to invest in a system that will practically grow the marijuana for you, and why not? There’s something to be said for giving your plants the love and attention they need, which you can still do, but if it’s possible to use the best tools available to minimize error and maximize your bud, why would anyone not want to do that? Clearly, the modern enclosed indoor grow room is the best way to grow. And when it will pay for itself after only one or two harvests, it’s difficult to imagine why anyone today would grow any other way.

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The Need for a 401k Audit

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401k audit Millions of people rely on retirement savings account to secure their futures. One of the most common types of these accounts in the United States is a 401k. The name comes from the section of the IRS code that describes the account. The account allows employees to defer some of their salary pre-tax into an investment savings account. Taxes on the money will not be paid until the money is withdrawn from the account. Many employers offer these accounts as a benefit, matching employee contributions up to a certain dollar amount.

The account’s funds will typically be invested in a wide variety of investment opportunities, selected by the accounting firm in charge of the accounts. Common types of investments made are stocks, bonds, guaranteed insurance contracts, and mutual funds. Usually money can be reallocated across the different investments at any time, so there is some flexibility in 401k accounts.

If a company has 401k plans of a certain size, they will have to be audited by an independent CPA firm. This is done to make sure that  company’s 401k accounts fall in line with all government regulations. Over the course of the 401k audit, the accounting firm in charge will review all financial data in the company’s plan. Once they’ve gathered all of the necessary information, the firm will offer their thoughts as to whether or not the 401k plan provided by the company is clearly presenting the essential aspects regarding the stability and overall status of the account. Each employ participate in a company’s 401k plan deserves to have all of the pertinent information, as people often rely on the accounts for retirement.

The main goal of any 401k audit is to ensure the company’s 401k plans comply with government regulations. At the same time, the firm reviewing the plan will review the plan details laid out in documents and make sure they are being followed correctly. Certified public accountants, CPAs for short, are generally tasked with carrying out these audits. There are many detailed financial questions that must be asked during the process, so they are most qualified to handle it. Let’s look at some of the basic questions asked during the review:

  1. Are assets in the plan valued appropriately?
  2. Is the plan equal opportunity (can all eligible employees participate?)
  3. Are accounts stated fairly and accurately?
  4. Are payments being made correctly, in accordance with plan terms?
  5. Have potential tax status issues been identified and dealt with?
  6. Have ERISA-prohibited transactions occurred?

These questions help ensure the integrity, safe, and stability of 401k retirement accounts. The audit is an opportunity to see where the plan can be improved and to make sure nobody’s money is at risk due to oversights or poor planning. A ‘large’ 401k classification will always trigger an audit. A 401k plan needs 100 participants to be denoted as large. That doesn’t mean smaller plans can’t have audits however. It’s always wise to make sure things are working as planned and without any issues.

A 401k audit can be a relatively big deal for large companies with many employees. The audit will generally be attached to a company’s financial filings, essentially creating a paper trail. Usually a company will name a plan administrator, and this person will receive a summary of the audit and other communications from the auditor. The CPA in charge of the audit should be open with communication, as they should be seeking to correct any uncovered noncompliance issues and strengthen the overall plan. The best CPAs will do their part in conveying the importance of the fiduciary duties that managing a 401k carries.

Though some 401k audits are mandatory, many companies and firms will find themselves with plans well under the size that triggers them. For these companies, it’s still wise to hire an accounting firm to audit their 401k plan. This will help a company plan ahead and get  ready for when the plan becomes large enough to trigger mandatory audits. Furthermore, plans that undergo audits are often more successful and beneficial to employees. The audit will require a lot of document gathering and preparation, so an appropriate time commitment is necessary. Of course one of the major benefits to an independent audit is that it can be handled in-house, by a company’s own accounting team.

A company’s 401k plan will have to be addressed during tax filing. Large plans, with 100 or more participants, will require an audit with filing. For this reason, it’s important that a competent, trusted accounting firm is tasked with carrying out the audit. For obvious reasons, the firm must be independent, and not associated with the company. The IRS wants to see that a plan is in compliance and fair to the participants. 401k audits are essential to health of the accounts in general.