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Learn more about Angela and 280E here:
https://thebluntaccountant.com
Welcome to this episode where we'll be diving deep into the complex world of cannabis accounting and IRS Code 280E. Since the legalization of cannabis in many states across the US, the cannabis industry has been growing at an unprecedented pace, and with that growth comes new challenges, especially when it comes to accounting.
In this episode, our guest speaker, a seasoned accountant with extensive experience in the cannabis industry, will shed light on the importance of proper accounting practices, the challenges faced by cannabis businesses, and how IRS Code 280E complicates matters even further.
We'll start by exploring the basics of cannabis accounting and the unique challenges faced by cannabis businesses, including the difficulties of keeping accurate records of income and expenses, inventory management, and the challenges of operating in a largely cash-based industry.
Next, we'll delve into IRS Code 280E, which restricts cannabis businesses from deducting most business expenses from their federal income taxes. Our guest speaker will explain the implications of this code and its impact on the industry, including how it can affect the profitability of cannabis businesses.
We'll also discuss some of the strategies that cannabis businesses can use to minimize the impact of IRS Code 280E on their bottom line, including the importance of keeping meticulous records, identifying deductible expenses, and utilizing creative tax planning strategies.
By the end of this episode, listeners will have a better understanding of the unique accounting challenges faced by cannabis businesses, the complexities of IRS Code 280E, and the importance of proper accounting practices to ensure the long-term success of a cannabis business.
In this episode, I talk with Danita Dolemant the founder of Grants 4 Biz, a DC based grant-writing agency that allows businesses to be matched with grants that'll help them obtain funds that they need.
In our conversation, Danita and I discuss what grant writing is, her process for finding the best grants for a business, and how she was able to get a 1/2 million dollar ($500,000) grant for a daycare.
Connect with Danita here:
http://www.seaspartners.com/#contact
Want to help grow the podcast? Share the show. Leave a 5-star review on Apple Podcasts and Spotify to share these stories with thousands!
You can also help by supporting the show by giving the price of TWO FOOTLONGS ($10.00) a month! For the value of this show...that's a steal!
Click the Link here: https://anchor.fm/black-gold-podcast/support
In this episode, I interview Aurélie Dubois, AKA Frenchie...The Dot Connector. She helps Aspiring & Small entrepreneurs Build, Scale & Grow the back end of their Business.
In our conversation, Frenchie and I discuss: how to not waste time on social media, her odyssey moving from France to the US, and how she was able to create her own business in under a year while teaching part-time at a public school.
Learn More about Frenchie here: www.duboisbiz.com
Want to help grow the podcast? Share the show. Leave a 5-star review on Apple Podcasts and Spotify to share these stories with thousands!
You can also help by supporting the show by giving the price of TWO FOOTLONGS ($10.00) a month! For the value of this show...that's a steal!
Click the Link here: https://anchor.fm/black-gold-podcast/support
In this Juneteenth Special episode, I interview Zakiya Akerele, author of the book “Dump your Degree”, about how college students can utilize their degree in a way to get an ROI on it.
We talk about the importance of having a gratitude mindset, mastering skill acquisition in specific ways, and what true freedom is for those without the shackle of student loans running their lives.
Get the Book here: zakiyaakerele.com
Hey listener and supporter of the Black Gold Podcast! Go ahead and watch this episode on Spotify or YouTube so you can see Team Sportz in action. See you in the episode!
In this episode I interview Francisco Baptista, the Founder and CEO of Team Sportz, an organization that uses AI technology to help athletes track their exercises effectively to ensure that they play well out on the field. He’s based in London, UK. In our conversation, Francisco and I discuss how he started Team Sportz, his experience immigrating from Angola to England, and he gives us an exclusive behind-the-scenes tour of his program Team Sportz.
Links and Resources:
www.teamsportz.pro
Want to help grow the podcast? Share the show. Leave a 5-star review on Apple Podcasts and Spotify to share these stories with thousands!
You can also help by supporting the show by giving the price of TWO FOOTLONGS ($10.00) a month! For the value of this show...that's a steal! :)
https://anchor.fm/black-gold-podcast/support
In this episode I interview Rosie Faulkner. She is a video coach who helps women be confident on camera, allowing them to confidently share their message with the world. In our conversation, Rosie and I discuss: how she started her career in fashion TV, tips in using the basic equipment that is required to start making videos, and the content creators ultimate question about, “when to publish the video?”
Connect with Rosie here: https://www.rosiefaulkner.com , https://linktr.ee/faulkner_rosie
In this episode I interview Aiko Bethea. She is the founder of RARE Coaching & Consulting as well as an attorney, leader, builder, and a New York Times bestselling author.
Through her work, she coaches leaders and organizations to remove the internal and external barriers to inclusion, allowing them to understand each other as people, colleagues, and teams in more connective ways. In our conversation, Aiko and I discuss what makes an effective leader, learning how to utilize action for things that are necessary instead of acting out of impulse, and what work-life balance really is like for in-the-trenches entrepreneur.
Links & Resources
https://www.rarecoaching.net/
Aiko’s Book — You are Your Best Thing
In this episode I interview Devon Moody-Graham. She is an international business strategist, serial entrepreneur, and Chief Solutions officer of CEO Mom empire that focuses on women’s business development. She’s based in Missouri. In our conversation, Devon and I discuss her experience operating a brewery, how being the youngest in a big family was a hidden advantage, and Devon shares a step-by-step business plan for creating a service based business.
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