Podcasts about dope cfo

Comment, question, or idea for the podcast? Send us a Text Message! Welcome to the Kobe episode of Season 2!This week, the gang updates us on some recent House Bill introductions while also (obviously) empathizing with the OCM and all of their IT issues in the final hours before the application deadline. Happens to the best of us! You'll get 'em next time, OCM!Plus, later in the episode, Marcus introduces us to the other 2/3 of his business venture, Jamil Jackson and Justin Carter. Between these three dudes lies an endless stream of stories, wisdom, lessons, and laughs as they chat about their histories both in cannabis and in business, how one mistake can lead to the greatest second chances in the world, and they look ahead to the exciting things coming around the corner for Minnesota cannabis.Also in this episode, Tanner, Steve, and Jordan most likely get cancelled by playing a new game Tanner has dubbed, "Lit Lent." Take one guess as to what you think this game is about...0:00:00-0:18:53 -- Introduction and "Lit Lent" [GAME]0:18:53-0:49:51 -- This Week in MN Cannabis [NEWS]0:49:51-1:56:23 -- Marcus' Chat w/ Jamil Jackson and Justin Carter [INTERVIEW]2:00:10-2:17:18 -- High Notes (kind of...)PLEASE be sure to subscribe, like, and share this episode with your favorite smoke sesh buddies! We'd love to have them in the circle!Get your Limited Edition MNCC x Grove Bag Today!For Yourself - https://mncannabiscollege.org/product/grovebag/For Your Shop - https://mncannabiscollege.org/product/grovebagwholesale/Drop your HOT TAKE for the Crew Here: https://forms.gle/5E46ewn6zPyRvTwaALinks from the Show:Public Comments for the Office of Cannabis Management Expedited Rulemaking Process - https://minnesotaoah.granicusideas.com/discussions/40360-minnesota-office-of-cannabis-management-notice-of-intent-to-adopt-expedited-rules-without-a-hearing?NPR Article: https://www.npr.org/2025/02/05/g-s1-46564/cannabis-market-illegal-weed-consumersThank You to Our Sponsors!North Star Cannabis Consulting - https://zaap.bio/northstarcannabisconsulting/Dope CFO - https://wooddopecfo.wordpress.com/EcoGarden Supply - https://www.ecogardensupply.com/Union Bank and Trust - https://www.ubtmn.com/PLNTRK - https://www.plntrk.com/Support the show

Comment, question, or idea for the podcast? Send us a Text Message! Application Deadlines, Municipal Dispensaries, and Tribal Compacts - another week of Northern Lights, this week with Steve, Jordan, and Guest Host Doc Dabs!Then, Tanner sits down with Zowie of EcoGarden Supply to answer your home grown questions. Finally, it's another high note! Join us for it all today!Drop your HOT TAKE for the Crew Here: https://forms.gle/5E46ewn6zPyRvTwaAThank You to Our Sponsors!North Star Cannabis Consulting - https://zaap.bio/northstarcannabisconsulting/Dope CFO - https://wooddopecfo.wordpress.com/EcoGarden Supply - https://www.ecogardensupply.com/Union Bank and Trust - https://www.ubtmn.com/PLNTRK - https://www.plntrk.com/Support the show

Comment, question, or idea for the podcast? Send us a Text Message! Catch the team LIVE at the Lucky Leaf Expo on Friday, February 28th. Listen as we chat with industry pros, play Strain Name Word Salad, and give our praised to The Girl Scouts of America.Get your Limited Edition MNCC x Grove Bag Today!For Yourself - https://mncannabiscollege.org/product/grovebag/For Your Shop - https://mncannabiscollege.org/product/grovebagwholesale/Drop your HOT TAKE for the Crew Here: https://forms.gle/5E46ewn6zPyRvTwaAThank You to Our Sponsors!North Star Cannabis Consulting - https://zaap.bio/northstarcannabisconsulting/Dope CFO - https://wooddopecfo.wordpress.com/EcoGarden Supply - https://www.ecogardensupply.com/Union Bank and Trust - https://www.ubtmn.com/PLNTRK - https://www.plntrk.com/Support the show

Comment, question, or idea for the podcast? Send us a Text Message! Applications open, OCM grant money becomes available, and rule making moves to the next step! Then, listen as Marcus sits down with Dr. Clemon Dabney to discuss his background and future in the cannabis industry.Finally, it's time for another high note! Get your Limited Edition MNCC x Grove Bag Today!For Yourself - https://mncannabiscollege.org/product/grovebag/For Your Shop - https://mncannabiscollege.org/product/grovebagwholesale/Drop your HOT TAKE for the Crew Here: https://forms.gle/5E46ewn6zPyRvTwaAThank You to Our Sponsors!North Star Cannabis Consulting - https://zaap.bio/northstarcannabisconsulting/Dope CFO - https://wooddopecfo.wordpress.com/EcoGarden Supply - https://www.ecogardensupply.com/Union Bank and Trust - https://www.ubtmn.com/PLNTRK - https://www.plntrk.com/Support the show

Tressa Silvey is a CPA and senior-level finance executive with 30 years of experience in the financial services industry, where she honed her expertise in navigating dynamic and highly regulated environments. In late 2023, she leveraged this experience to launch her own accounting and CFO practice, specializing in serving the cannabis & CBD/hemp industry.As a DOPE CFO Certified Advisor, Tressa guides companies through the unique financial and tax complexities of this emerging market. She empowers her clients to simplify their operations, gain valuable financial insights, and make data-driven decisions to optimize their businesses. Tressa is passionate about helping business owners build strong financial foundations, maintain compliance and achieve sustainable growth.

Comment, question, or idea for the podcast? Send us a Text Message! With the state's Office of Cannabis Management set to launch its licensing process, Steve and Tanner break down key dates, what businesses need to know, and when we might see the first licensed dispensaries open. Meanwhile, Moorhead is preparing to open Minnesota's first off-reservation cannabis shop, and NPR takes a deep dive into the challenges facing the U.S. regulated market, from competition with the legacy industry to overly restrictive regulations.Plus, we bring some fun into the mix with our Super Bowl-themed game, Soup or Bowl.Then, Steve sits down with Bryant Jones, a key player in the industry, to discuss where things are headed and explore the finer science of cannabis.Finally, we wrap things up on a high note! Huge thanks to Dabbler Depot for hosting us! If you enjoy the show, leave us a review or tell a friend!Get your Limited Edition MNCC x Grove Bag Today!For Yourself - https://mncannabiscollege.org/product/grovebag/For Your Shop - https://mncannabiscollege.org/product/grovebagwholesale/Drop your HOT TAKE for the Crew Here: https://forms.gle/5E46ewn6zPyRvTwaALinks from the Show:Public Comments for the Office of Cannabis Management Expedited Rulemaking Process - https://minnesotaoah.granicusideas.com/discussions/40360-minnesota-office-of-cannabis-management-notice-of-intent-to-adopt-expedited-rules-without-a-hearing?NPR Article: https://www.npr.org/2025/02/05/g-s1-46564/cannabis-market-illegal-weed-consumersThank You to Our Sponsors!North Star Cannabis Consulting - https://zaap.bio/northstarcannabisconsulting/Dope CFO - https://wooddopecfo.wordpress.com/EcoGarden Supply - https://www.ecogardensupply.com/Union Bank and Trust - https://www.ubtmn.com/PLNTRK - https://www.plntrk.com/Support the show

Comment, question, or idea for the podcast? Send us a Text Message! Tanner, John, and Jordan return to the Dabbler Depot Studio for Episode 18 of Northern Lights, diving headfirst into Minnesota's cannabis landscape as the industry edges closer to the long-awaited licensing window. With applications opening in less than two weeks, we break down what prospective business owners need to know, including key deadlines, potential pitfalls, and why there's still no application available.Then, we explore an alternative approach to cannabis in Minnesota—the Cottage Cannabis Exemption. Could a model similar to the state's cottage food laws allow small-scale growers and makers to thrive? We discuss the details and debate its potential impact.Then, we show you how easy it is to submit a comment on the Office of Cannabis Management's proposed rules. Remember to submit your comment before 4:30 p.m. CST on Wednesday, Feb. 12!Next, it's time for Looking into the Crystal Bong – 2025 Edition, where we rank five possible future events—without knowing all the options in advance! Will OCM finally remove the potency cap on concentrates? Will Wisconsin beat Minnesota to the finish line on legalization? Or will the Mall of America embrace cannabis culture with a food court dab bar?And finally, we wrap up with High Thoughts, sharing the deep (or ridiculous) ideas that have been on our minds lately.Big thanks to Dabbler Depot for hosting us! If you enjoy the show, leave us a review or tell a friend!Get your Limited Edition MNCC x Grove Bag Today!For Yourself - https://mncannabiscollege.org/product/grovebag/For Your Shop - https://mncannabiscollege.org/product/grovebagwholesale/Drop your HOT TAKE for the Crew Here: https://forms.gle/5E46ewn6zPyRvTwaALinks from the Show:Public Comments for the Office of Cannabis Management Expedited Rulemaking Process - https://minnesotaoah.granicusideas.com/discussions/40360-minnesota-office-of-cannabis-management-notice-of-intent-to-adopt-expedited-rules-without-a-hearing?Cottage Cannabis Exemption (Information Packet) -https://www.canva.com/design/DAGYP-4sZfo/xeyd_Xho_ErrTPVDgYVbWQ/viewCottage Cannabis Exemption (DRAFT Bill Text) - https://docs.google.com/document/d/1pOjOFwq7j_qBACBPEJUCAqFDM_wqSMhmjmUxWBYUVz0/edit?usp=sharingThank You to Our Sponsors!North Star Cannabis Consulting - https://zaap.bio/northstarcannabisconsulting/Dope CFO - https://wooddopecfo.wordpress.com/EcoGarden Supply - https://www.ecogardensupply.com/Union Bank and Trust - https://www.ubtmn.com/PLNTRK - https://www.plntrk.com/Support the show

Comment, question, or idea for the podcast? Send us a Text Message! It's the final episode of the first month of 2025, and what a year it's been! Jordan, Steve, and Tanner kick things off with the latest news, diving into highlights from the 2025 OCM Annual Report, the public's reactions to proposed rule changes, and the ongoing legal battles over the state's canceled preapproval lottery. Plus, we play a round of Blazed and Confused, our stoner-themed “Would You Rather” game.In our featured interview, Tanner is joined by Dave Woodbeck of Dope CFO to discuss cannabis accounting and financial strategy. Dave shares his journey from traditional accounting to cannabis, his work with Dope CFO, and critical financial advice for cannabis startups in Minnesota.This week, the crew is trying Unwind's Energized Orange Cream gummies. The staff at Unwind recommends these gummies for getting things done, embracing creativity, or getting the giggles. Check them out today in Moorhead! Finally, as always, we wrap things up with some quirky High Notes from the crew. Another week, another fresh episode of Northern Lights! Get your Limited Edition MNCC x Grove Bag Today!For Yourself - https://mncannabiscollege.org/product/grovebag/For Your Shop - https://mncannabiscollege.org/product/grovebagwholesale/Drop your HOT TAKE for the Crew Here: https://forms.gle/5E46ewn6zPyRvTwaALinks from the Show:OCM 2025 Reports - https://mn.gov/ocm/about-us/reports/Draft Rules from the Office of Cannabis Management (Jan 13, 2025) - https://mn.gov/ocm/assets/RD4844-11295180100844890568-011325_tcm1202-664935.pdfPublic Comments for the Office of Cannabis Management Expedited Rulemaking Process - https://minnesotaoah.granicusideas.com/discussions/40360-minnesota-office-of-cannabis-management-notice-of-intent-to-adopt-expedited-rules-without-a-hearing?Dave Woodbeck - https://www.linkedin.com/in/davewoodbeck/ (or via dave.woodbeck@dopecfo.us or 651-592-3461)Thank You to Our Sponsors!North Star Cannabis Consulting - https://zaap.bio/northstarcannabisconsulting/Dope CFO - https://wooddopecfo.wordpress.com/EcoGarden Supply - https://www.ecogardensupply.com/Union Bank and Trust - https://www.ubtmn.com/PLNTRK - https://www.plntrk.com/Support the show

Join Raymond Guns, CPA and Chief Revenue Officer at DOPE CFO, as he interviews Dotan Melech, CEO of CTrust, about revolutionizing Cannabis industry financing through standardized credit scoring. Learn how CTrust analyzes over 1,700 data points across 42 business categories to help Cannabis companies access better financing terms and manage risk more effectively. Discover why traditional credit scoring hasn't existed in Cannabis until now, and how this innovation could transform the industry's financial landscape. Key topics covered include: ✓ How CTrust developed its revolutionary credit scoring system ✓ The impact of state-specific regulations on business credit ratings ✓ Ways Cannabis companies can improve their credit scores ✓ The relationship between credit scores and cost of capital ✓ How rescheduling could affect industry financing ✓ The role of credit scoring in the industry's maturation The episode provides valuable insights for Cannabis business owners, investors, and financial professionals looking to understand the evolving landscape of Cannabis industry financing and risk assessment.

Episode 213 FACULTY: Naomi Granger, CPA CLASS: #TheGuide In this episode of Accounting High, Scotty interviews Naomi Granger, CPA, founder of The National Association of Cannabis Accounting and Tax Professionals (NACAT) and the historic co-founder of Dope CFO. Naomi shares her journey from traditional corporate accounting to the niche field of cannabis accounting, highlighting the industry's growth, challenges, and complexities. They discuss regulatory issues, the importance of niche expertise, social equity programs, and the broader implications of recent changes in cannabis scheduling. Chapters: 0:00 Teaser 03:33 Discovering the Cannabis Industry 12:24 The Legal Landscape of Cannabis 14:00 Intoxicating Hemp 16:45 The Future of Cannabis Regulation 18:30 Building the Cannabis Accountants Association 20:55 Impact of Schedule 3 on Cannabis Businesses 23:51 Banking Challenges for Cannabis Businesses 31:11 Hope for the Future    32:08 Social Equity in the Cannabis Industry 36:03 Certified Cannabis Seed Counters 40:50 Conclusion and Contact Information

In our latest episode of the DOPE CFO podcast, Andrew Hunzicker, CPA, Founder and CEO of DOPE CFO, talks with Erica Sloan, They spotlight her transformative journey as she's successfully leveraged the DOPE CFO Certified Advisor Program and its VIP method to become a leading figure in Cannabis accounting and quickly built a 6-figure practice.. They discuss how the VIP method of the DOPE CFO Certified Advisor Program was pivotal in her rapid climb to a 6-figure Cannabis accounting practice. We'll take a deep dive and unpack the VIP system of becoming a valuable professional expert, instructor, and participant—that empowered Erica to move beyond traditional accounting barriers, land long-term, high-paying clients, and carve out a success niche in the Cannabis industry. Through Erica's success story, we shed light on the proven route for other accounting professionals to build long-term client relationships and achieve sustainable success. Listen in to get insight on proven methods for building a 6-figure accounting practice. --- Send in a voice message: https://podcasters.spotify.com/pod/show/dopecfo/message

If you are frustrated in your current career position, are sick of working long hours for little pay, or  have been considering launching your own remote accounting firm and are wondering what niche to serve, now is the time to dive in! Cannabis has been predicted to produce over $30 Billion in revenue in 2023, and is the fastest growing industry in the US. DOPE CFO has all of the training and tools you need to successfully start your own remote Cannabis accounting/CFO firm and help you land high-paying clients that will appreciate the work you do and the value you offer. In this podcast episode, DOPE CFO Founder Andrew Hunzicker, CPA covers: ◾ The Industry, the Verticals, & the Complexity  ◾ The Formula for Becoming a “VIP” (Valuable Expert, Instructor, Participant) in the Fastest-Growing Niche in the US ◾ Why Bookkeeping and/or “Fractional CFO” Solutions Don't Work ◾ How to Build a Fully-Remote 1-Person $6–$7 figure firm with less than 5 clients ◾ Developing a Marketing System to Close 6-Figure Clients: our proven 4-part system shows you how to find and close great clients (even if you can't stand marketing or advertising yourself) ◾ 5 Keys to Building the Foundation of Your Firm: including tools and workpapers you need, marketing tools, skills and education, community of experts, what a typical “day in the life of CFO” looks like, and every single thing you need to build your successful firm --- Send in a voice message: https://podcasters.spotify.com/pod/show/dopecfo/message

Want legal and compliant tax reductions? Listen to podcast episode 124 as the nation's leader in Cannabis accounting, Andrew Hunzicker, CPA, founder of DOPE CFO, explains exactly what must be in place to properly reduce tax liability.  Takeaways from landmark cases Harborside and Champs are discussed, as well as the following:  ✔️ Entity structures - What nearly everyone gets wrong! ✔️ IRC 280E - What it says, how it's commonly misinterpreted, and what the Harborside ruling shows us.   ✔️ IRC 471-11 - How 99% of Cannabis growers, manufacturers, and processors are leaving hard-earned dollars on the table.   Get clear, concise information you can't get anywhere else.

Mastering Cannabis Finance: Exploring the Dope CFO's Exceptional Accounting & Tax Training Program for Cannabis and CBD/Hemp, on the MITA Unshackled Podcast, the Premier Cannabis Industry Show.Keep watching and subscribe today!Support our sponsors:Filmed at MJUnpacked NYC: https://mjunpacked.comDr. George Stantchev Pure 5 Extraction https://pure5extraction.com/Jack Herer https://www.jackherer.com/Calyfx https://www.calyfx.com/MITA YOUTUBE / @mitausaMITA Website https://mita.us/MITA LINKEDIN https://www.linkedin.com/company/mita...MITA INSTAGRAM https://www.instagram.com/mitausa/Recorded at MJUnpacked NYC: https://mjunpacked.com

Accountants who are in over their heads when it comes to Cannabis dispensary accounting can cost the business dearly simply because they don't know how to do the work properly.  Dispensary CEOs and operators who rely on inexperienced accountants or accounting teams are unknowingly putting themselves at risk of hefty fines or even being shut down for not following IRC 280E. In Cannabis, the right accounting procedures need to be put in place on a daily, weekly, monthly, and annual basis. Consistent and correct accounting—not strategies to beat 280E—are what make the difference.  In this podcast episode, DOPE CFO founder, Andrew Hunzicker, CPA, covers: Important tax codes and how to navigate them 471 - what it says, and how to correctly apply both GAAP and Tax, particularly for retailers Ideas for how to manage from an accounting viewpoint and “how to make it all work” Key court cases and what they mean for Cannabis companies Complex legal entity structures and other “games” to avoid ...and more! There's lots to learn, so listen in and learn up! --- Send in a voice message: https://podcasters.spotify.com/pod/show/dopecfo/message

Cannabis investors, CEOs, CFOs, accounting professionals, and entrepreneurs need to understand their options when it comes to choosing their entity structure, and yes—certain key concerns are unique to the niche. In this 24 minute podcast episode, DOPE CFO founder, Andrew Hunzicker, CPA, goes over applicable tax codes and common entity and funding structures, including the following: ◾ The pros and cons of C Corps, LLCs, etc. ◾ Multi-entity structures ◾ Owner and investor goals (asset protection versus tax minimization) ◾ Corporate structure and legal docs  ◾ Compliance  ◾ Key startup considerations ◾ …and more! In an industry where trouble seems to loom around every corner, from confusing tax codes to vague advice, being informed is of paramount importance. Get in the know so you won't be blindsided by personal tax liabilities and financial exposure. --- Send in a voice message: https://podcasters.spotify.com/pod/show/dopecfo/message

Top-tier Cannabis accountants want to provide their clients with maximum value and get paid fairly for the hard work and expertise they provide. In this 10-minute podcast episode, DOPE CFO founder, Andrew Hunzicker, CPA, goes over key considerations you need to make to adequately price your accounting services, including whether or not to take equity in lieu of payment.   From setting your rate to meet current needs as well as future growth, to providing clients with undeniable benefit, to the five value drivers of World-Class Cannabis accounting—and why you should never ask those potential clients what they need—Andrew gets into all of it! Prior to sending out one more engagement letter, get the lowdown so that you can set yourself up for success. --- Send in a voice message: https://podcasters.spotify.com/pod/show/dopecfo/message

Never position yourself as a yes person or bean counter, but as a potential partner in the success of the Cannabis businesses you work with. Asking the right questions is one easy and effective way to demonstrate your knowledge of Cannabis accounting. So what questions should you ask? In episode 113, DOPE CFO founder, Andrew Hunzicker, CPA, tells you the 5 questions you need to ask to flip the script with potential clients. Get the lowdown in less than 20 minutes, and add one more powerful tool to your toolkit. --- Send in a voice message: https://anchor.fm/dopecfo/message

If your client or company delivers products to and from farms, dispensaries, and/or end users, you need to listen to this episode. Anyone touching or taking possession of the plant is likely subject to 280E… but there are complexities. Learn what those are since those found in violation of 280E could face hefty fines and penalties for improper deductions, and owe thousands in back taxes. DOPE CFO founder, Andrew Hunzicker, CPA, addresses the complexities involved in Cannabis delivery services and similar operations and IRC 280E. Get an overview of the situation in this 6-minute episode. --- Send in a voice message: https://anchor.fm/dopecfo/message

Did you know anxiety is actually really common in the accounting industry? Forget the shame and forget just powering through it. Learning how to manage it is key for landing potential clients as well as improving your quality of life, growing confidence, and working through stressful or anxiety-triggering situations. In this special episode, DOPE CFO founder, Andrew Hunzicker, CPA, gets actionable tips straight from DOPE CFO member, Sean Yoder, CFO, who deals with anxiety on a day to day basis. --- Send in a voice message: https://anchor.fm/dopecfo/message

Real Estate in the Cannabis Industry: What Accountants Need to Know Whether clients are starting an indoor farm, outdoor farm, dispensary, or processing facility, real estate is a very real concern for Cannabis businesses. We'll go over what you need to know including: Is it better to rent or own? Commercial property owners' and potential banking issues. Landowners' main concerns when leasing to Cannabis companies. Entity considerations How 280E affects leasing and buying real property What 280E does NOT do In less than 13 minutes get a solid overview of what you need to know and consider when it comes to renting or buying space for businesses in this niche market. Learn up with DOPE CFO and serve clients in this fast-growing industry that's projected to hit $72 billion by 2030 (Forbes 2022). --- Send in a voice message: https://anchor.fm/dopecfo/message

In just 15 minutes, DOPE CFO founder, Andrew Hunzicker CPA, makes quick work of showing how most do Cannabis business accounting 100% wrong, and explains the approach to getting Cannabis businesses set up correctly and making them audit-ready month after month. --- Send in a voice message: https://anchor.fm/dopecfo/message

With even the most anti-Cannabis states coming around to legalization, the industry's future is bright -and profitable. The Cannabis space has changed dramatically since the first states voted for legalization back in 2012. In the 100th episode, DOPE CFO founder Andrew Hunzicker, CPA and leaders of the DOPE CFO Certified Advisors Franchise David Lewis, Raymond Guns, and Kristi Kem highlight the industry's progression. Listen in to hear more about navigating future hurdles and how you can take advantage of the upswing by jumping in now. --- Send in a voice message: https://anchor.fm/dopecfo/message

Cashless ATMs and Credit Card payment tricks by Cannabis businesses are considered fraudulent. Cannabis is a Schedule I substance, so any attempts to get creative with payment options will still be classified as money laundering by the Feds. In this episode, DOPE CFO Founder Andrew Hunzicker, CPA and special guest Rick LaNeve, CPA, founder of Accounting Buds, have an in-depth discussion about the many illegal ways that Cannabis businesses are trying to collect payments. Listen in to hear about these Cannabis industry cash traps and how to avoid them. For more information on Cannabis Accounting and DOPE CFO, please visit our website. --- Send in a voice message: https://anchor.fm/dopecfo/message

Can you believe how far the Cannabis industry has come? Last year the AICPA (American Institute of Certified Public Accountants) recognized the industry with a few sessions at one of its conferences. This year the AICPA and CIMA have dedicated an ENTIRE conference to all things Cannabis accounting, and the DOPE CFO team is at the forefront with FOUR sessions during the 3-day event! The move towards legalization in states over the last few years has brought involvement from many different areas, so this year's Cannabis conference is bringing together a wider range of Cannabis experts. Attendees can expect to hear from CPAs from firms big and small as well as experienced CPAs turned instructors and Cannabis attorneys who have valuable perspectives on the industry. The DOPE CFO team has become well known in the industry, and they'll be offering sessions on some of the most pressing topics such as raising capital, banking, costing, technology, risk mitigation, and more. We'll be sharing our experiences - maybe even some horror stories - to help those who are interested in or just getting started in Cannabis accounting. The team will be hosting sessions that…

Making the decision to become specialized as a Cannabis accountant may be the easiest decision you'll ever make, and the most fruitful. The industry is booming, and it's nowhere close to finishing its climb. Investing in learning NOW means you'll be just in time to take your career to new heights along with the industry before it skyrockets to its maximum potential in the next few years. Why Cannabis? Why now? Join host Andrew Hunzicker, CPA and CEO of DOPE CFO as he walks you through the reasons this niche has the most profitable outlook for CPAs in the next decade. If you're interested in setting yourself up for a secure, lucrative career that's in high demand, tune in to podcast Episode 96 to learn how to get started and get information on how you should be pricing yourself and your services within your first year. To learn more about our Cannabis accounting program, check us out at DOPECFO.com and be sure to visit bit.ly/2GUnpPr to grab your FREE guide “Accountant's Guide to Managing Your Client's Cannabis Accounting Needs.”

As accountants and bookkeepers enter the Cannabis industry, many find themselves unsure of how to quote their fees correctly. Many businesses need a thorough cleanup, monthly reporting systems set up, and constant compliance monitoring, but how can you possibly come up with a number that will fairly compensate you with so many unknowns? Fortunately, we're going to share some of the tips and techniques that we've come up with to ensure that we are offering maximum value to our clients while being paid what you are worth. In this episode, “Pricing Your Cannabis Accounting Services,” DOPE CFO's Andrew Hunzicker, CPA, shares what you need to look out for as you put together your work plan for current and potential clients. He also covers:

After having helped several of our DOPE CFO members build 6-figure accounting firms over the last few years, we know what works. In this episode, Andrew Hunzicker, CPA shares what works for our members, and the 5 Keys to Building a Successful Cannabis Accounting Firm. He goes over:

Andrew has a broad experience in providing executive leadership and business counsel to companies across industries, including retail manufacturing, energy, medical biotech, and he founded DOPE CFO and has built a national cannabis accounting, Bookkeeping, and Tax sharing program to help students in all 50 states unlock a new world of clients empowering them to start their own practice and create a stream of wealth for themselves in the newly developed cannabis CBD hemp industry. He was runner up for Portland Business Journal CFO of the Year in 2017, making him the first cannabis CFO to be ever nominated. He also served in Big Four, including Price Waterhouse Coopers as well as the winner in the 1985 Gold Medal Award for the highest score on the CPA exam.In‌ ‌our‌ ‌conversation,‌ ‌we‌ ‌discussed:‌Understanding the Cannabis IndustryHow to prepare Cannabis Business to avoid penalties.Capital Gains Tax Deferral on CannabisConnect with Andrew Hunzicker:https://www.expertcresecrets.com/episode68Love the show? Subscribe, rate, review, and share!Here's How »Join the Expert CRE Community today:expertCREsecrets.comeXpert CRE Secrets FacebookeXpert CRE Secrets Youtube

Keys to promoting a brand with a podcast  When done correctly, a branded podcast can be an effective way for a company to promote it's brand.  Andrew Hunzicker the CEO of DOPE CFO and the host of The Cannabis Accounting Podcast by DOPE CFO has created one of the most successful branding podcasts in the cannabis industry.  He joins Dan Humiston to explain how his podcast has helped expand his company's message and grow his business.Produced by PodConx     Potcasters - https://podconx.com/podcasts/potcastersDan Humiston - https://podconx.com/guests/dan-humistonAndrew Hunzicker - https://podconx.com/guests/andrew-hunzickerDOPE CFO - https://www.dopecfo.com/DOPE CFO Cannabis Accounting Podcast - https://open.spotify.com/show/7BdgTwMqgeSuRYRLgMgwv0?si=91c4c27add61484e

Accounting professionals… it's time for you to charge what you're worth! There are a million reasons why accounting professionals aren't charging enough for their services. One of the most daunting questions that accounting professionals have when they first start their own firm or add a new service is, “how much should I charge?” More often than not, unaware Cannabis accounting professionals will undercharge their clients to get the business, and then once the work starts, they realize how massive the workload is. It can be very difficult to go back to the client and ask for more, making it very important to charge them correctly the first time around, which is why you want to check out this episode of the DOPE CFO podcast. In this podcast episode, Andrew covers:

Social Equity. What does it mean in the Cannabis Industry? Andrew sits down with Shaleen Title (Cannabis Attorney and Speaker) and Nina Parks (Cannabis Activist) to talk about what social equity truly means in the Cannabis industry. It's not new knowledge that the war on drugs, especially marijuana, has greatly impacted Black, Latinx, Native American, and other minority communities. What cannabis social equity can do is to ensure that these communities get the resources they need to thrive in the budding industry that once persecuted them. Some topics Shaleen, Nina, and Andrew cover:

As more states legalize Cannabis, the IRS is cracking down on tax audits. Recently, the IRS has announced they are specifically focusing on S-Corp and running a fine-toothed comb through CEOs' books. Cannabis companies are a bigger target now than ever. The only way to make sure your clients are prepared for audits during tax season is by understanding the ins and outs of updated Cannabis tax laws. Join us for this podcast as Andrew Hunzicker, CPA covers in-depth details on what the IRS is looking for and how to set your clients up for success. Andrew discusses: Ways to avoid getting your clients flagged for an audit Accounting operations efficiencies to make audits a breeze (having the right tools and processes in place for WHEN an audit happens) Internal audit processes that add a ton of value to your clients and that can keep you out of trouble with the IRS (cash controls, governance, etc) And more! For more information about DOPE CFO visit DOPECFO.com or download your FREE "Accountants Guide to Managing Your Client's Cannabis Accounting Needs" at bit.ly/2GUnpPr Listen to 'The Dope CFO Podcast': https://anchor.fm/dopecfo Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo Say HEY On Social: LinkedIn: https://www.linkedin.com/company/dopecfo Facebook: https://www.facebook.com/dopecfo Instagram: https://www.instagram.com/dopecfo Twitter: https://twitter.com/dopecfo --- Send in a voice message: https://anchor.fm/dopecfo/message

Audits. That's a word that makes most Cannabis accountants and their clients shake in their shoes. But the audit process doesn't have to be so anxiety-producing. You just have to know what to expect. Our recent podcast features Tony Frischknecht, a Cannabis company owner and investor of more than 17 years. Tony got his start in Colorado, the first state to legalize Cannabis. Tune in as he sits down with DOPE CFO founder Andrew Hunzicker, CPA to discuss what experiencing an audit is like from the perspective of a Cannabis CEO and what you can do to up your accounting game to help your clients pass with flying colors. Key points Tony and Andrew discuss include: Why city and state audits are implemented: audits are necessary -- they aren't just delivered as punishment for Cannabis companies that regulatory bodies suspect are conducting business illegally (discover the real reason why audits are not only necessary but inevitable) How Cannabis accountants can help prepare their clients for audits: rock-solid accounting and an impeccable understanding of compliance are key to helping your clients survive audits (we'll discuss which components need to be in place, as well as common errors to avoid) The one factor that will set you apart in a client's eyes: providing cost accounting and inventory accounting, strategic advisory, and tax burden guidance is all essential but building a relationship with a client will make the biggest difference (and greatly improve your chances of attracting higher-paying clients) Tony is available at tonyfrischknecht.com if you want to connect about audits or Cannabis investing or to listen to his podcast, Plant Problems. For more information about DOPE CFO visit DOPECFO.com or download your FREE "Accountants Guide to Managing Your Client's Cannabis Accounting Needs" at bit.ly/2GUnpPr Listen to 'The Dope CFO Podcast': https://anchor.fm/dopecfo Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo Say HEY On Social: LinkedIn: https://www.linkedin.com/company/dopecfo Facebook: https://www.facebook.com/dopecfo Instagram: https://www.instagram.com/dopecfo Twitter: https://twitter.com/dopecfo --- Send in a voice message: https://anchor.fm/dopecfo/message

In the Cannabis industry, it's not a matter of if a Cannabis company will undergo an audit but when. As an accountant, it's your job to understand the fundamentals of accounting and tax laws and regulations to help your clients have the best possible chance to survive the critical eye of the IRS. Fortunately, the more you know and the better you can provide world-class, niche-specific accounting to these Cannabis CEOs, the better you can help them safeguard against legal consequences. For this podcast, we've gone straight to the source to offer you support in strengthening your understanding of Cannabis tax laws. Rachel K. Gillette, Cannabis attorney and partner at the Cannabis industry group Holland and Hart, sat down with Andrew Hunzicker, CPA to discuss insider information regarding Cannabis tax codes, recent court cases, and how accountants support their clients. Topics they discuss include: The industry's most misunderstood or misinterpreted tax laws: 280E and Section 471 go hand-in-hand to help Cannabis companies determine which deductions can be claimed, although a great majority of Cannabis companies and accountants don't understand how to legally lower the tax burden How Cannabis accountants can keep their clients compliant: the only way accountants can help their Cannabis clients stay out of hot water with the IRS is through proper niche-specific accounting practices and understanding the fundamentals of each tax code (we delve into what every accountant should know who intends to serve clients in this industry) An outlook on current and future tax court cases: learn what the IRS is looking for in audits and why the federal government in winning most 280E-related cases (and strategies accountants should adopt to help clients survive audits) For more info on Rachel's law firm and how she can advise you as you learn to serve Cannabis clients, visit https://www.hollandhart.com/rkgillette. For more information about DOPE CFO visit DOPECFO.com or download your FREE "Accountants Guide to Managing Your Client's Cannabis Accounting Needs" at bit.ly/2GUnpPr Listen to 'The Dope CFO Podcast': https://anchor.fm/dopecfo Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo Say HEY On Social: LinkedIn: https://www.linkedin.com/company/dopecfo Facebook: https://www.facebook.com/dopecfo Instagram: https://www.instagram.com/dopecfo Twitter: https://twitter.com/dopecfo --- Send in a voice message: https://anchor.fm/dopecfo/message

Most accountants are so busy they barely have time to live their lives. If you run a remote accounting or bookkeeping practice, one reason you started that endeavor may have been because you wanted to strike a better work-life balance. Now, you have so much busywork to do, including filing reports, data entry, and filling out tax returns, that you are still working nearly 80 hours a week -- without much to show for it. Our advice? Let a machine help you. In the dawning age of artificial intelligence (AI), this innovative technology has its place in accounting, especially in the Cannabis accounting niche where you have enough to worry about while trying to keep your clients compliant amid so many changing rules and regulations. In episode 77 of The Cannabis Accounting Podcast, DOPE CFO founder Andrew Hunzicker, CPA sits down with Jody Padar, CPA and VP of strategy at Botkeeper, a full-suite AI accounting solutions company. She discusses the growing importance of adopting AI to innovate and transform bookkeeping or accounting operations and how removing this “grunt work” is the key to living your best life. Key points Andrew and Jody discuss include: How artificial intelligence (AI) can transform your Cannabis accounting practice and free up your life: whether you run a solo remote Cannabis accounting practice or a larger firm that serves many industries, AI can streamline your processes and help you focus on strategic advisory services or other high-level offerings (allowing you to strike more of a work-life balance while earning higher rates) The benefits of Botkeeper: Botkeeper is an AI and machine learning technology solution for bookkeepers and accountants that fully automates reporting and data entry to innovate your workday (as VP of strategy at Botkeeper, Jody talks about how Botkeeper will make life easier for both you and your clients) Why AI and Cannabis are a perfect match: people working in or with Cannabis and AI are early adopters, the pioneers who see greatness in budding markets (we'll talk about how Cannabis accountants entering the space can 10x their business goals with AI solutions) For more info on Botkeeper and how it can revolutionize the way you run your accounting firm or remote practice, check outhttps://www.botkeeper.com/. For more information about DOPE CFO visit DOPECFO.com or download your FREE "Accountants Guide to Managing Your Client's Cannabis Accounting Needs" at bit.ly/2GUnpPr Listen to 'The Dope CFO Podcast': https://anchor.fm/dopecfo Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo Say HEY On Social: LinkedIn: https://www.linkedin.com/company/dopecfo Facebook: https://www.facebook.com/dopecfo Instagram: https://www.instagram.com/dopecfo Twitter: https://twitter.com/dopecfo --- Send in a voice message: https://anchor.fm/dopecfo/message

Most accounting professionals squirm away from marketing. However, at the end of the day, the only way accountants and bookkeepers can land great clients is to level up their marketing chops in simple, strategic ways. In Episode 76 of our podcast, bookkeeper Rosanna St. John talks with DOPE CFO founder Andrew Hunzicker, CPA about social media marketing approach and her client-magnet techniques. By tapping into the Instagram algorithm and upping her audience engagement, she not only quickly booked three client meetings -- but also walked away from each meeting with a signed engagement. Tune in to hear Rosanna and Andrew discuss: How just being yourself is a valuable marketing tool: clients want honesty and authenticity -- they're not so much buying your services as they are buying what you represent (Rosanna chats about how she is herself first and foremost, which has proven to be a valuable marketing strategy as she sculpts her business to best serve her clients) Using Instagram for client outreach and acquisition: landing clients quickly can be easy if you know how to leverage social media (we'll discuss how Rosanna landed three client meetings within a week of joining DOPE CFO simply because she knows how to promote herself and participate in networks using Instagram) Developing a client engagement and communication strategy: even if marketing overwhelms you, developing a simple strategy for engaging with and answering questions on social media can connect you with potential clients (Rosanna breaks down the steps she used for client engagement that any accountant can implement on basic social media platforms) For more info on Rosanna's bookkeeping business and how she can help you with your Cannabis accounting path or MJ business, check out https://linktr.ee/cannabookkeeper. For more information about DOPE CFO visit DOPECFO.com or download your FREE "Accountants Guide to Managing Your Client's Cannabis Accounting Needs" at bit.ly/2GUnpPr Listen to 'The Dope CFO Podcast': https://anchor.fm/dopecfo Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo Say HEY On Social: LinkedIn: https://www.linkedin.com/company/dopecfo Facebook: https://www.facebook.com/dopecfo Instagram: https://www.instagram.com/dopecfo Twitter: https://twitter.com/dopecfo --- Send in a voice message: https://anchor.fm/dopecfo/message

Many Cannabis and CBD/hemp accountants don't know how to market themselves, making it harder for them to get out there and land new clients. At DOPE CFO, one highly effective marketing tip we share with our students is to “participate.” “Participate” is one part of a critical VIP formula we teach as the “secret sauce” required to really shine as an accountant in Cannabis or hemp/CBD. (The “V” stands for Valuable Expert and the “I” stands for Instructor.) Although “participate” is usually the most overlooked of this formula, it can be the most fun and effective way for you to prove your expertise and land new clients. You can dive into local groups, help significant Cannabis/CBD causes, and support peers and potential clients interested in growing the industry. Molly Mayfield, a CPA and owner of the Cannabis accounting firm GreenFlex Financial, sat down with DOPE CFO founder Andrew Hunzicker, CPA to discuss how she has used “participate” to quickly establish herself as an expert and land great clients. Topics Molly and Andrew discuss include: What it means to be a “participant”: being a participant in your niche means diving into networks, events, and groups and sharing your knowledge among peers (and potential clients) to further the growth of your industry How to use participation in Cannabis/CBD events/groups to land new clients: once you focus on being a participant, you can leverage your expert knowledge and help others in nonprofit groups and/or community networks to showcase the value you could provide (all it takes is a Google search to find groups or events in your state that you can take part in) The importance of speaking engagements and being active in the industry: with dedication as a participant, you may also be able to land speaking engagements to broadcast your knowledge and reputation as an expert in the industry (listen as Molly talks about her upcoming speaker event on the hot topic of social equity) For more info on Molly's company and how she can help you with your Cannabis accounting path or MJ business, check out www.greenflexfinancial.com. For more information about DOPE CFO visit DOPECFO.com or download your FREE "Accountants Guide to Managing Your Client's Cannabis Accounting Needs" at bit.ly/2GUnpPr Listen to 'The Dope CFO Podcast': https://anchor.fm/dopecfo Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo Say HEY On Social: LinkedIn: https://www.linkedin.com/company/dopecfo Facebook: https://www.facebook.com/dopecfo Instagram: https://www.instagram.com/dopecfo Twitter: https://twitter.com/dopecfo --- Send in a voice message: https://anchor.fm/dopecfo/message

One of the biggest roadblocks new Cannabis accountants face doesn't have to do much with accounting. It's client acquisition. Even after you have mastered every tax code, cost accounting process, and niche-specific requirement you still might face the overwhelming prospect of landing your first client. However, finding and signing on your first client doesn't have to be anxiety-producing if you know a few tips and tricks to make it an easier process. Listen in to “Ep. 74: Strategies to Take the Stress Out of Landing Your First Cannabis Client” as Andrew Hunzicker, CPA breaks down ways to start building your clientele. Topics he discusses include: Establishing a value-focused mindset: you're not just another general accountant who won't be able to help your clients properly reduce their tax burden and comply with seed-to-sale tracking; you're an invaluable asset to your client and viewing yourself as such is the first step to landing clients (we'll discuss how to communicate to your prospect how you can offer them real value versus selling services to them) Developing a simple marketing system: even if you absolutely loathe marketing, you can still attract the clients you're looking for using a simple but effective system (this includes using an easy four-part proven system that DOPE students consider their secret weapon for landing clients) Getting involved with communities and networks: one of the best ways you can get yourself out there and attract new clients is through participating in Cannabis accounting groups and networking with your peers (through this participation, you'll build yourself up as an expert in the industry and will have access to connections and collaborative work through these networks For more information about DOPE CFO visit DOPECFO.com or download your FREE "Accountants Guide to Managing Your Client's Cannabis Accounting Needs" at bit.ly/2GUnpPr Listen to 'The Dope CFO Podcast': https://anchor.fm/dopecfo Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo Say HEY On Social: LinkedIn: https://www.linkedin.com/company/dopecfo Facebook: https://www.facebook.com/dopecfo Instagram: https://www.instagram.com/dopecfo Twitter: https://twitter.com/dopecfo --- Send in a voice message: https://anchor.fm/dopecfo/message

As an accountant helping Cannabis companies, you have a big responsibility you may not even be aware of yet: helping set up entity structures. If you're not aware of the importance of choosing the right entity structure, let's pan quickly to the MedMen case. This is a cautionary tale of how a great product and company ended in a dramatic litigious battle due to an accounting and legal team that believed they could beat 280E with multiple-entity structures. Although you'll always want a Cannabis attorney on your team, your understanding of how to do accounting for each entity type sets up a path of success from the get-go for your clients and investors. Choosing and helping with operations for the right entity type enables you to properly minimize their tax burden while keeping their company compliant with state and federal regulations. In this podcast episode, Andrew Hunzicker, CPA breaks down entity structures and considerations to keep in mind as you guide your client through the process. Topics discussed include: Your role as an accountant in assisting your clients with entity structures: you may not be a lawyer (although you should have a Cannabis attorney on your team), but your ability to do proper accounting for each entity type is crucial to your client's long-term success Investor goals and challenges: as more investors are savvy, we'll see much higher standards of due diligence and tax compliance. Investors are thinking about exits, so tax returns must be immaculate -- or your clients could lose their license (and investors can lose their investment!) Tax codes: understanding Cannabis tax codes are critical to setting up entity structures to prevent your clients from trying to "beat" 280E and determining how entity type may affect properly minimizing tax liability and acquiring special tax breaks like 199a Common entity types/pros and cons of each: we'll talk about how to analyze your client's vertical and business model to determine the best entity structure (and we'll point you in the right direction for helping your clients set up this crucial part of their business) For more information about DOPE CFO visit DOPECFO.com or download your FREE "Accountants Guide to Managing Your Client's Cannabis Accounting Needs" at bit.ly/2GUnpPr Listen to 'The Dope CFO Podcast': https://anchor.fm/dopecfo Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo Say HEY On Social: LinkedIn: https://www.linkedin.com/company/dopecfo Facebook: https://www.facebook.com/dopecfo Instagram: https://www.instagram.com/dopecfo Twitter: https://twitter.com/dopecfo --- Send in a voice message: https://anchor.fm/dopecfo/message

Do you know how much it costs to produce and sell a pound of pot, from the moment a seed is planted to when the delivery truck ships it to its final destination? If you don't know this answer, you may not understand inventory cost accounting. Cost accounting is essential when serving Cannabis clients because it's required to help companies stay compliant with IRC 471. If you don't know how to allocate inventory costs to Cost of Goods Sold (which is the ONLY way Cannabis companies can claim deductions), you could be shorting your client's cash flow or setting them for crippling penalties from the IRS. In this podcast episode, Andrew Hunzicker, CPA explains how to categorize inventory for Cannabis companies to help you better understand the nuances of this complex process. Topics discussed include: Inventory categorization terminology: the basics begin with understanding basic categories under which to record inventory, including Work in Progress (WIP), Raw Materials (RM), and Finished Goods (FG) (and we'll provide examples of each to give you some context) Different grow stages and inventory counts for each vertical: from manufacturing to retailers, we'll cover a range of inventory counts found in each stage (helping form a foundation for inventory accounting that you can quickly build into a more robust service offering) How to reconcile inventory with POS for retailers: if you work for retailers, reconciling each inventory count with your POS system is essential for correctly tracking every item (we'll discuss the high-level categories you'll need to cover and the overview of this process) Establishing a Bill of Materials (BOM): the BOM is essential for manufacturing as you'll need to track and count each “ingredient” that goes into a product (we'll quickly demonstrate this document and discuss the components required to properly do inventory accounting for each product) For more information about DOPE CFO visit DOPECFO.com or download your FREE "Accountants Guide to Managing Your Client's Cannabis Accounting Needs" at bit.ly/2GUnpPr Listen to 'The Dope CFO Podcast': https://anchor.fm/dopecfo Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo Say HEY On Social: LinkedIn: https://www.linkedin.com/company/dopecfo Facebook: https://www.facebook.com/dopecfo Instagram: https://www.instagram.com/dopecfo Twitter: https://twitter.com/dopecfo --- Send in a voice message: https://anchor.fm/dopecfo/message

With the legalization of recreational Cannabis happening quickly for many states, and the influx of new businesses that have followed, it's no surprise that investors far and wide have wanted to get a piece of these startup companies. Investors will supply much-needed early capital and strategic advice in exchange for a sizable return on their investment later on. Accountants play a vital role in raising capital for Cannabis companies by keeping the books organized and clean, and communicating with investors to ensure that deadlines are met and the business is profitable. On this episode of The Cannabis Accounting Podcast, Andrew Hunzicker, CPA sits down with Jordan Tritt, CEO and co-founder of The Panther Group, an investor and Cannabis company network, to provide perspective on what Cannabis investors are looking for and what Cannabis accountants can expect when helping their clients raise funds. Topics discussed include: Current market and projected trends for Cannabis investors: although it's always a challenge for Cannabis companies to attract committed investors, there's more capital available than ever for this industry and we'll discuss the likelihood of a company acquiring capital in today's market and in the future (as long as the right team, advisors plan, and strategy are in place) Major keys investors are looking for in potential Cannabis businesses: gain critical insight from an active investor in the space on what investors are looking for in a potential Canabis company, from airtight financials to execution and projections The biggest piece missing from Cannabis capital raise structures and strategies: learn the one mistake most accountants and businesses tend to make when trying to raise capital to ensure you position your client for success in their fundraising ventures (hint: it has to do with an understanding of each complex Cannabis regulation and how much time you spend making sure every detail is accounted for) Check out The Panther Group here: https://thepanthergroup.co/ LinkedIn: https://www.linkedin.com/company/thepanthergroup/ Instagram: https://www.instagram.com/thepanthergroup/ Twitter: https://twitter.com/panthergroupllc For more information about DOPE CFO visit DOPECFO.com or download your FREE "Accountants Guide to Managing Your Client's Cannabis Accounting Needs" at bit.ly/2GUnpPr Listen to 'The Dope CFO Podcast': https://anchor.fm/dopecfo Join our DOPE CFO FB Group: https://www.facebook.com/groups/dopecfo Say HEY On Social: LinkedIn: https://www.linkedin.com/company/dopecfo Facebook: https://www.facebook.com/dopecfo Instagram: https://www.instagram.com/dopecfo Twitter: https://twitter.com/dopecfo --- Send in a voice message: https://anchor.fm/dopecfo/message

Audits. There is no word accountants dread more. Audits can happen to any company in any industry, but with Cannabis companies being so closely watched by the IRS and other government entities, it's less of wondering IF a company will be audited, but WHEN. Even though an audit may not happen for years after a mistake is made, knowing you're armed with the knowledge and skills to successfully navigate your client through them can take a lot of weight off your shoulders right now. On this episode of The Cannabis Accounting Podcast, Andrew Hunzicker, CPA sits down with fellow CPA Summer Wilkinson, who recently brought one of her Oregon-based clients through an audit. Listen in as Andrew and Summer discuss the process, giving you insight into what to expect and how to best prepare your clients. Along with tips on how to avoid an audit, Andrew and Summer highlight: What to expect during the audit process: from documentation required to filing for appeals, Summer walks us through every step of her experience with a state-level audit Tips for surviving any audit: although you can't predict the outcome of an audit, you can prepare your client as much as possible (we'll discuss staying on top of documentation, opening communication lines with the auditor, getting highly organized with your information gathering, and more ways to help the audit process be more painless) Outlook on new potential tax rules and compliance implications: the recent introduction of 471(c) may affect how some accountants help their clients prepare for tax returns (Summer weighs in on this new code section and shares her hybrid method for keeping her clients compliant) When your clients know you can guide them successfully through dreaded, inevitable audits, they'll not only see you as someone they can fully rely on year-round, but your reputation as a trusted industry advisor will continue to blossom as well. Keep up with this industry expert! Connect with Summer and her accounting biz, Leaf Book CFO. Website https://www.leafbookcfo.com/ Facebook https://www.facebook.com/summercfo/?ref=pages_you_manage LinkedIn: https://www.linkedin.com/in/summerwilkinson/ Instagram: @leaf_book_cfo Check out DOPE CFO's program and offerings at www.dopecfo.com. Stay up to date on Cannabis/CBD/hemp industry trends and tips by connecting with us on Facebook, LinkedIn, Twitter, and Instagram. Never miss an episode! Subscribe to the podcast today! --- Send in a voice message: https://anchor.fm/dopecfo/message

Cannabis is still a Schedule 1 drug. That means The IRS is keeping an extra close eye on all Cannabis companies and affiliates. For some clients, their very licenses may be on the line -- because haven't received proper accounting guidance. If you have the finely sharpened skills required to keep both Cannabis and CBD clients compliant, you could be in high-demand for years to come. With the right education and critical skills in place, you can become an expert with a flourishing firm that leads budding Cannabis/CBD entrepreneurs towards success. You just need to know which tactics and resources you need to be devoting your attention to. On this episode of DOPE CFO founder Andrew Hunzicker, CPA guides you through the “Core Skills to Lock Down Before Launching Your Cannabis/CBD Accounting Firm.” Throughout the episode, Andrew will provide: Complete understanding GAAP and cost accounting for Cannabis/CBD: compliance rides fully on being able to correctly do cost accounting in compliance with GAAP and tax code 280E (without these critical skills, you won't be able to properly help your clients reduce their tax burden, which can lead to a landslide of potential disasters and consequences) Industry knowledge and strong grasp of state and federal rules: before you consider helping clients in either industry, you need to dive into reading up on the latest news about your chosen niche, along with strict state and federal rules (we'll dive into where you can find these resources to become familiar with the ins and outs of ever-changing rules and regulations) Development of ‘soft skills to best serve your clients: soft skills are the people skills and business savvy it takes to really push a Cannabis/CBD accounting firm from launch to thriving (learn how anyone can hone these skills, including responsiveness, time management, organization, practice management, marketing, and effective communication) And more, including all the “tools” you will need to help these companies get launched! Locking in these simple skills can make a big difference for you and your client. Not only will it save your clients from fines and penalties, but it will boost their confidence in you, enabling you to more quickly become a trusted business advisor. Never miss out on ground-breaking tips and insider advice on the rapidly growing Cannabis/CBD/hemp accounting niche. Sign up for Andrew's DOPE CFO program at www.dopecfo.com. And don't forget to click subscribe to catch all the latest podcast episodes! --- Send in a voice message: https://anchor.fm/dopecfo/message

While it's fun to see the rewards that working hard brings us as accountants and bookkeepers, those rewards never seem to come without a bit of struggle. Sometimes, we need a little bit of help. (And that's okay!) A great way to give yourself the assistance you need is to utilize intuitive software solutions. These streamline processes and maximize efficiencies so you continue to provide higher-level services to each of your clients. Not only does this streamlining make your life easier, but it also increases the value of your services...and your fees. On the latest episode of The Cannabis Accounting Podcast, DOPE CFO founder Andrew Hunzicker, CPA, and David Cristello, founder and CEO of Jetpack Workflow, talk about all things accounting software, including how the right software solution can help you work smarter, not harder. You'll take away great insights like: The biggest roadblock affecting today's accountants and bookkeepers: one major reason why you might not have the client base and high fees you'd hoped for is that you're not thinking strategically (David goes into how to envision and implement repeatable client experiences where not only are your clients' needs met but ravings fans of your expertise are created) A look at the future of your role (and how to adapt): even though technology is evolving and some accounting and bookkeeping services are becoming solely automated, clients are still willing to pay hourly rates for efficient professionals over software like Freshbooks (we'll dig into how to navigate these changes in the industry, such transitioning into a cloud-enabled practice and looking for proactive solutions) Ways Jetpack Workflow can innovate your practice: learn how Jetpack Workflow can solve many issues you're currently facing as it helps you standardize the work you do, automate deadlines, and track your scheduling and progress (we'll dive into each aspect of Jetpack Workflow to help you envision how it could assist your day-to-day operations) Better efficiency and increased fees for you. Higher-level services for your client. Jetpack Workflow makes everyone's business run a little smoother. Plus, stick around at the end of the episode to get a sweet bonus offer from David and Jetpack Workflow by visiting https://jetpackworkflow.com/dopecfo. Want to see even more ways Jetpack Workflow can boost your biz? Check out www.jetpackworkflow.com. Don't miss out on Andrew's DOPE CFO program at www.dopecfo.com for ground-breaking tips and insider advice on the rapidly growing Cannabis/CBD/hemp accounting niche. Never miss an episode! Subscribe to the podcast today! --- Send in a voice message: https://anchor.fm/dopecfo/message

Despite the Cannabis industry's massive growth over the last few years, the sector still isn't universally fair for everyone. Several factors, including criminalization of marijuana-related charges among minority groups, have created inequalities when it comes to accessing and benefiting from this growing market. To promote the highest standards of social and environmental performance, many Cannabis companies have implemented a business structure called the Certified B Corp. On this episode of our podcast, DOPE CFO founder Andrew Hunzicker, CPA chats with Brad Green, an Australian-based Cannabis accountant. Brad's vision is to empower clients and support a sustainable industry by utilizing Certified B Corps. Listen in as Andrew and Brad discuss: The purpose of a B Corp in the Cannabis industry: B corp models are based on using a business for good, promoting sustainable companies that benefit the environment, create equality among social classes, and minimize problematic corporate behavior (and we'll discuss how Cannabis is a perfect industry for B Corps as more people try to establish social equity and fair opportunities for all business owners and consumers) How a business can become B Corp certified: if you feel moved, as an accounting professional, to establish fairness and sustainability in the industry you serve, you may want to learn how to help your clients become B Corp certified (listen as Brad details how he introduces to the concept to clients and guides them through the process) Specific ways Cannabis businesses can serve communities through B Corps: pursuing a desire to balance profit with purpose, Cannabis businesses can offer one percent of their annual revenue towards causes that align with their mission or can take steps to look at the impact of their actions on the community and not just their ROI (we'll look at the verification process a client will go through to ensure they reach these benchmarks) So, you'll not only learn about how you can help guide clients towards financially sustainable businesses, but you'll also have the incredible opportunity to help them leverage their power for something pretty spectacular - social equity. Want more great tips and insider advice on the Cannabis and CBD/hemp accounting niches? For more info on the DOPE CFO program, visit www.dopecfo.com. For more great tips and soundbites on Cannabis accounting and bookkeeping, make sure you subscribe today to our podcast. --- Send in a voice message: https://anchor.fm/dopecfo/message

New York is one of two states that passed recreational marijuana laws in the last month. With this new legislation comes new opportunities, and new challenges, for accountants who are interested in representing this emerging clientele. On this episode of DOPE CFO, founder Andrew Hunzicker, CPA chats with Rick LaNeve, New York-based CFO and a member of the New York State CPA Cannabis Committee, about his growth as a Cannabis accountant, New York's political climate, and Cannabis market expectations. He also shares his experiences and answers questions about what it takes for other accountants who are looking to break into serving this new demographic in New York and beyond. Tune in as Rick and Andrew discuss: Updates on the legalization landscape in New York: in the wake of the freshly legalized recreational market, we talk about how the NY State CPA Cannabis Committee is already analyzing the legislation (and requests they are making to the state on behalf of accounting, tax, and social equity viewpoints) Particular challenges innate to new legalization: although NY residents won't be able to sell or buy marijuana for a year or two, accountants and MJ advocates are already anticipating potential challenges (one of which is high taxation, pressing the question of whether or not the new legalization will strengthen the black market) What to expect with serving new clients when you first get into Cannabis accounting: whether you have your sights set on helping future NY clients or Cannabis clients in your own state, learn from Rick's experiences landing his first clients (and you'll learn which red flags to look for and which strategy to employ to be successful) As new Cannabis legislation continues to spread across the nation, having a comprehensive understanding of the industry's unique needs will give accountants a head start in serving this growing segment of America's business landscape. Want more great tips and insider advice on the Cannabis and CBD/hemp accounting niches? For more info on the DOPE CFO program, visit our website at dopecfo.com. For more great tips and soundbites on Cannabis accounting and bookkeeping, make sure you subscribe today to our podcast. --- Send in a voice message: https://anchor.fm/dopecfo/message

Getting started in Cannabis accounting can be overwhelming for accounting professionals who have just started serving Cannabis clients or for those who are still considering the niche. It's especially difficult when your state has just legalized marijuana and things are still a little bit like the Wild West. Matt Mann, with experience as an internal auditor and corporate controller, was a part of this new frontier when he started serving Oklahoma Cannabis companies soon after the state passed legalization. He ran into some challenges as the state ironed out its regulations, but also found an advantage to getting started early. For this episode, he sat down and talked with DOPE CFO founder Andrew Hunzicker, CPA about getting started and how to utilize your past skills and quickly build new ones to be successful from the beginning. Key points Matt and Andrew discuss include: How to dive in as soon as your state legalizes Cannabis: accountants may be the most successful if they jump into the niche without much hesitation; confidence is key, as well as having a strong referral process already in place with your current clients (we'll talk about how to level-up quickly so you can hit the ground running). Challenges of doing Cannabis accounting in Oklahoma: although the lessons of Matt getting started in Oklahoma can apply to any state, we specifically dig into the challenges of serving in Oklahoma, given that it's one of the most flourishing markets (and we'll talk about ways you can learn from Matt's early obstacles to optimize your success). Ways to serve clients outside of your home state: if you're interested in serving Cannabis clients but your state hasn't legalized it yet or if you just want more clients from other states, one thing to watch for is how investors may be trying to get the most out of the market before it becomes more limited (you'll want to look for residency requirements and state board regulations before sending your offer letter). It may be a Wild West scenario out there as new legalization markets crop up, but there are rife opportunities for you if you commit to quickly learning how to serve clients in this niche. Listen in today for tips on paving your way. Want more great tips and insider advice on the Cannabis and CBD/hemp accounting niches? For more info on the DOPE CFO program, text DOPECFO to 345345 for our free Cannabis Accounting Guide. For more great tips and soundbites on Cannabis accounting and bookkeeping, make sure you subscribe today to our podcast. --- Send in a voice message: https://anchor.fm/dopecfo/message

Proper cash and company credit card management is essential for clean books, but it can be difficult to organize your clients' many transactions. The lack of banking services available to Cannabis businesses means the companies' bills are often paid in cash. Even companies that have access to credit cards do not always have the flexibility and benefits of normal purchasing cards or separate employee accounts. Because of this, some employees within a company will share one company credit card, or an employee will make purchases with a coworker's account. Limited transparency regarding who made each cash or credit card purchase is a security risk, wastes valuable time, and could lead to accounting errors -- which can hinder operations and compromise compliance. On this episode of the DOPE CFO podcast, your host Andrew Hunzicker, CPA will offer “5 Ways to Handle Petty Cash Transactions in the Cannabis Industry,” including:

The increasingly widespread legalization of Cannabis has led to thousands of opportunities for CEOs and consumers around the country, but not all opportunities are created equal. For minority communities, the Cannabis industry can be an unfair and unfavorable marketplace. BIPOC Cannabis business owners and consumers are still privy to the complications that arise from negative drug stigmas and the “war on drugs” dialogue, creating segregation issues in an industry that should be a great equalizer. Allies and minorities working in Cannabis realize this imbalance, and have taken steps to establish social equity in this industry. On this week's episode, we discuss the current state of Cannabis and its effects on minorities. Join DOPE CFO founder Andrew Hunzicker, CPA and Carlos Vela, a Cannabis accountant who helps Cannabis owners apply for social equity, as they highlight what we can do to elevate minorities in this growing industry. Andrew and Carlos will offer insights and suggestions, including: