Setting up multiple corporate entities for the sole purpose of getting around 280E will lead to a ton of trouble with the IRS. Just ask the folks over at Harborside.


The (still) ongoing Harborside case has taught us how the IRS views using multiple entities to take tax deductions for a Cannabis business, whether that entity is attached to or separate from the Cannabis operations. By trying to be clever and get around 280E, Harborside has now put itself in the position of potentially having to pay a cool $11 million in back taxes.


Harborside even tried to fight the constitutionality of 280E… and lost the appeal.


Our latest podcast episode, “Harborside Case Review: Why Multiple Entities Won't Circumvent 280E,” explores exactly where it all went wrong for Harborside and what we can do as accounting professionals to protect our Cannabis clients and their businesses.


Topics include:






Ep. 94: Harborside Case Review: Why Multiple Entities Won't Circumvent 280E

The Cannabis Accounting Podcast discusses the ins and outs of cannabis/cbd/hemp accounting. Topics include 280E, chart of accounts, starting &amp; growing your own firm, overcoming software challenges, and more! Looking to get into cannabis accounting? To learn more visit dopecfo.com.

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New entrepreneurs have a lot to look forward to that they often don’t realize until they are knee deep in their new venture and find that there are certain skills and competencies that may be lacking that can hurt their progress. 
Everything about how you approach your work has to shift, yet some people carry their employee mindset and practices into self-employment which can create all sorts of problems that can be blindsiding. 
If you are thinking about stepping out on your own for the first time, listen in as we discuss the shifts that new Cannabis Accounting firm owners need to make in order to build successful businesses. In this episode, we discuss:

 The importance for developing systems and processes

 Understanding the value of your time (8 hour days look different and can quickly turn into 15 hour days if you’re not careful)

 Managing expectations of yourself and your clients


There’s so much that gets added to your plate as you set out to build a growing business. Make life easier by knowing what’s ahead. 
Listen in so you can learn how to solve for it so that you are prepared. 

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Ep. 142: Management Training for Cannabis Accounting Firm Owners

On today's episode, we are excited to welcome Lauren Baptiste, the founder and CEO of Acheloa Wellness.
Lauren Baptiste is a corporate burnout turned coach and CEO. She serves ambitious women professionals as their go-to Burnout Expert. 
Before launching Acheloa Wellness, Lauren spent 13 years as a top performer at a Big Four Accounting Firm. She was always at the top of her earning bracket and was nominated a “Rising Star'' in the industry. However, her professional drive eventually landed her in the Emergency Room from workplace burnout. Lauren notes that it was the ultimate test of how hard she was willing to work for her career. 
Since then, she’s successfully guided hundreds of professional women through similar challenges at work and home. She offers a path to achieve your personal and professional goals without succumbing to burnout. 
In this episode, Andrew and Lauren discuss: 

 Lauren's story and how burnout landed her in the hospital 
 How Lauren founded a new company while applying the lessons she learned from burnout
  Common symptoms of burnout 
  Strategies for accountants and business owners to avoid burnout (while being massively successful) 
  How to find calm amidst the chaos of our busiest seasons at work 
  How women can find balance in their life and still achieve their career aspirations 

Lauren shared this guide to setting healthy boundaries for our listeners. If you'd like to learn more about Lauren and her work, you can visit her website and connect with her on social media (Instagram and LinkedIn). 

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Send in a voice message: https://podcasters.spotify.com/pod/show/dopecfo/message

Ep. 141: Dealing with Burnout During Tax Time w/ Lauren Baptiste

In this episode of the DOPE CFO Cannabis Accounting Podcast, Andrew Hunzicker, CPA dives deep into the debate of value pricing versus hourly billing for Cannabis accounting services. Andrew argues that in today's competitive landscape, accountants must move beyond basic bookkeeping, payroll, and tax prep services to provide real value to clients.
As AI and offshore labor continue to commoditize traditional accounting tasks, the key to thriving in the Cannabis niche is to become an indispensable, full-service CFO. Andrew shares strategies for specializing deeply in the unique challenges of the Cannabis industry, from navigating complex regulations to managing rapid growth.
You'll learn how to provide CFO-level advisory services that go beyond mere number crunching, how to become your client's trusted right hand, and how to continuously raise your fees to match the value you deliver. Andrew also discusses the importance of having a robust set of Cannabis-specific tools, work papers, and best practices, as well as tapping into a community of industry experts.
If you're an accountant looking to break into the exciting world of Cannabis accounting or take your existing practice to the next level, this episode is a must-listen. Tune in now and discover how to ditch the hourly grind and build a thriving, value-focused cannabis accounting business.

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Send in a voice message: https://podcasters.spotify.com/pod/show/dopecfo/message

Ep. 140: Value Pricing vs. Hourly for Cannabis Accounting Services

Massive changes are coming that could rock the Cannabis industry to its core.
With Cannabis potentially being rescheduled in 2024, huge shifts are on the horizon that will transform the landscape:
● Company valuations poised to rise 5-10 times
● Increased access to banking, commercial lending, and bankruptcy protection
● Potential overhaul of interstate commerce, research, and new Cannabis medicines
● Complex effects on taxes, regulations, and local businesses
Whether you are an investor, business owner, accountant, or looking to enter the industry, you'll need the facts on what rescheduling and descheduling Cannabis will actually mean.
Get the exclusive insights from Cannabis accounting expert Andrew Hunzicker, Founder and CPA, during this timely podcast epsiode where you'll discover:
● What rescheduling would actually mean—hint: higher company valuations
● The immediate and long term impacts across the industry landscape
● Exactly how to position your business or investments now for massive growth

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Send in a voice message: https://podcasters.spotify.com/pod/show/dopecfo/message

Ep. 139: A Look at 2024 Rescheduling: Brace for Impact

As 2023 drew to a close, monumental shifts across the Cannabis landscape set the stage for an epic 2024. Tune in as we provide an exclusive year in review for 2023, analyzing the developments in policy, business, and finance that will shape the future of the industry in 2024 and beyond.
We’ll discuss insights on:

 New states that legalized and their market potential

 The latest federal reform efforts in Congress post-midterms, including the prospect of of federal legalization and what that means for the industry at large

  Recap of the deals and trends that defined cannabis in 2023

  Our projections for 2024


Whether you are an investor or operator, this podcast will equip you with our expert predictions of the trends ready to catalyze industry growth in 2024 and beyond.

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Send in a voice message: https://podcasters.spotify.com/pod/show/dopecfo/message

Ep. 94: Harborside Case Review: Why Multiple Entities Won't Circumvent 280E

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