Dope CFO

We’re going live at 10am PST for a look back at some of the Cannabis news and events that happened in October! Click below ?? to join us on the DOPE CFO Facebook page. https://hubs.ly/Q02TK8xk0

We’re attending #MJBizCon this December 3-6 in Las Vegas! Get the answers to your burning questions and ignite business growth in 2025. Expect 200+ speakers, 1,400+ exhibitors, and thousands of attendees to fuel your fire! Register by October 17 & you'll save up to $300 ?? Save even more with our 10% code: MIPMXAB28

The potential rescheduling of Cannabis promises massive tax savings through 280E relief. But, most Cannabis businesses may not qualify. Messy books, incomplete records, and improper expense allocations threaten to derail potential refund claims before they even start. Imagine explaining to your client that they can't claim thousands - or even millions - in tax refunds because their financial records don't stand up to scrutiny. Or worse, facing an IRS audit unprepared, putting your client's business and your reputation at risk. With rescheduling on the horizon, the clock is ticking for Cannabis companies to get their financials in order, if they want any relief. Join Cannabis accounting expert Andrew Hunzicker, CPA, on Thursday, October 24th, 2024 at 12 pm PT for a critical webinar that will equip you with the tools and strategies to turn financial chaos into refund-ready, compliant records. In this 60-minute session, you'll discover: ? Step-by-step guidance on performing a thorough financial cleanup and preparing for potential 280E refund claims ? Strategies for documenting and substantiating 280E-related expenses to withstand IRS scrutiny ? The crucial differences between protective refund claims and standard refund claims, and when to use each ? Common pitfalls in cannabis accounting and refund preparation – and how to avoid them ? Best practices for organizing and presenting financial data for potential refund claims, including the strategic use of IRS Form 8275 ? How to balance aggressive tax positions with compliance and risk management in the cannabis industry ? Timeline considerations: When to file, how to stay within IRS deadlines, and how to prepare for potential retroactive relief This information will separate you from accountants who don’t understand the nuances of this industry and won’t be able to be proactive and help their clients with opportunities like that since they will be ill prepared. Get ready to provide massive value to your (potential) clients with confidence by preparing them to receive relief when it comes. Bring your questions to the webinar, we hope to see you there! Register here ?? https://hubs.ly/Q02TsLSm0

?? Attention Cannabis business owners! ?? Your Cannabis company may be generating boatloads of cash, but is it profitable? Unfortunately, Cannabis companies are already shuddering due to the tax burden of 280E, rising operational costs, competition increasing (especially with the blackmarket as prices for product increases). If you are an owner or an operator of a Cannabis business or startup, these are the questions that we must be able to answer as quickly as possible: 1) Is the business profitable? 2) When will it be profitable? You need realistic projections and financial models to adequately plan for the future, gain the confidence of investors, and be prepared for the inevitable shifts in the industry that will come with the rescheduling of Cannabis. Your accountant is more than a number cruncher; they’re a strategic partner that helps you navigate a complex and changing landscape. Don't go it alone. Invest in expertise that can help keep your business thriving, even with 280E still looming large. ?? Experience the significant value add of DOPE CFO’s Certified Advisors for your business by contacting us today at https://bit.ly/489StGr #FinancialExpertise #CannabisBusiness #ValueGrowth #CannabisCommunity #InvestInSuccess #DOPE #Certifiedadvisors #Financialgrowth #Financialhealth

Cannabis businesses often struggle with late-paying customers, risking cash flow issues and operational instability. As their trusted advisor, you can provide valuable guidance to mitigate these risks. Join Andrew Hunzicker, CPA, on October 17th, 2024 at 10am PT to learn how to help your Cannabis clients effectively manage delinquent payments. You'll discover: ? Implementing robust accounts receivable systems for Cannabis businesses ? Negotiating late fees tohelp you get paid faster ? Systems (not handshake deals) for clear payment terms for delivered products ? Navigating net terms ? Collections options and Cannabis specific best practices Time are hard for companies, but we’ve got to protect our clients so that they can stay in business. We’ll provide some proactive strategies that you can use to make your clients better understand your value in helping their day-to-day operations. Equip yourself with the knowledge to guide your clients through payment recovery challenges. Bring your questions and tune in! See you there. Register here ?? https://bit.ly/3zYD8fp #CannabisAccounting #AccountsReceivable #ClientAdvisory #DOPECFO

Help us Legalize Florida! 7th Annual Conference - Shaping the Future of Cannabis: October 14-15, Hollywood, Florida Cannabis LAB - Association of Cannabis Industry Professionals. We support Cannabis LAB, Robert Friedman, and the mission to serve as a valuable resource for the cannabis industry by helping current and aspiring professionals and companies learn, connect, and grow. Join us as Florida voters prepare to decide on Amendment 3 this November, a key ballot measure that could legalize recreational cannabis use statewide. A 60% vote is required for it to pass! DOPE CFO Certified Advisors

Your accounting expertise got you started, but running a successful Cannabis accounting firm requires a whole new set of skills. Many firm owners struggle with the transition from accountant to business manager. Join us on October 10th, 2024 at 10am PT for an insightful Facebook Live: Management Skills Needed for Growing Your Accounting Firm. Andrew Hunzicker, CPA, will reveal: ? Setting clear boundaries: How to manage client expectations without compromising service ? Financial planning for your firm: Budgeting, pricing, and forecasting in the Cannabis niche ? Client relationship management: Nurturing long-term partnerships in the Cannabis industry ? Enforcing your systems and process (especially when your clients don’t want to) ? Strategic planning: Setting and achieving growth goals for your ? Cannabis accounting practice ? Self-management techniques: Maintaining focus and motivation as a firm owner Building a 6-figure firm takes commitment, belief, and dedication. Not luck. Anyone can do it. Don't let business management challenges hold your Cannabis accounting firm back. Tune in to gain the skills you need to run a thriving practice. Register here ??https://bit.ly/3U37dB9 #CannabisAccounting #FirmManagement #AccountingBusiness #DOPECFO

Is your Cannabis business truly ready for rescheduling? Many operators focus solely on the opportunities, overlooking the complex financial implications. Our DOPE CFO Certified Advisors help you prepare for every aspect of this potential industry shake-up: ? Flexible financial models for multiple scenarios ? Projected compliance costs under new federal oversight ? Strategies for optimized banking relationships ? Revised tax planning for a post-280E world ? Capital allocation plans for rapid market expansion How many items can you check off? If you're missing even one, your business could be at risk. Let's ensure your financial strategy is as robust and adaptable as the Cannabis plant itself. Learn more here: https://bit.ly/4eSXhSJ

The pressure is on. Your Cannabis clients are counting on you to guide them through the capital raising process, but one misstep could jeopardize their future. Choosing the wrong funding type, overlooking critical documentation, or failing to plan for expenditures are common mistakes that people who aren’t familiar with this industry make when attempting to raise and manage cash. But it doesn't have to be this daunting. With the right approach, you can confidently offer capital raising services that provide immense value to your clients while ensuring you're fairly compensated. Cannabis finance expert Andrew Hunzicker, CPA, reveals: ? How to structure comprehensive capital raising services for Cannabis clients ? Strategies for determining the optimal funding type and preparing robust documentation to increase approval and funding odds ? Approaches to ongoing financial modeling and capital expenditure planning ? Multiple pricing models to ensure you're compensated fairly for your expertise ? Tips for positioning yourself as an indispensable partner in your clients' growth journey ? Don't let uncertainty hold you back from offering this vital service. Tune in to unlock the strategies you need to excel in Cannabis capital raising. ?? Click the link in our bio then click "Listen to Our Latest Podcast" to tune in.

Launching a remote Cannabis accounting practice sounds appealing, but the reality can be overwhelming. Without the structure of a traditional office, many accountants struggle with discipline, client management, and growth strategies. But there's a way to thrive! Join us later today at 10am PT for an essential Facebook Live: "Mastering the Remote Cannabis Accounting Practice: Beyond the CPA Skillset." Cannabis accounting expert Andrew Hunzicker, CPA, will reveal: ? Proven strategies for maintaining discipline and productivity in a remote environment ? Essential systems and processes for delivering world-class services consistently ? Effective sales and marketing techniques tailored for the Cannabis industry ? Tips for building a strong remote bullpen of support and managing client relationships virtually ? How to position your remote practice for sustainable growth in the Cannabis sector Don't let the challenges of remote work hold your Cannabis accounting practice back. Tune in to gain the business acumen you need to complement your accounting expertise and build a thriving remote practice. Register here: https://hubs.ly/Q02Rqkt80