Ep. 69: Core Skills to Lock Down Before Launching Your Cannabis/CBD Accounting Firm

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!

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