The 4 Knows Of Cannabis Accounting FLEXCAST

Overview

Considering entering the cannabis industry as an accountant? Katye Maxson-Landis offers the four essential knows to hit the ground running in the cannabis industry. First know thy clients and how to approach initial consultation and what education you may need to provide to them. Second, know thy compliance environment and state regulations. Third, know thy tax position and how important it is to research, research, research. Lastly, know thy self and know your own boundaries and how to remain both curious and skeptical. It’s a blossoming industry ready to be harvested!

Highlights

Knowing Your Client. Knowing Your Compliance Environment. Knowing Your Tax Position. State Compliance Rules. Business Taxation Rules by Entity Type. Risk Assessment. Discovering Fiscal Literacy.

Prerequisites

None.

Designed For

CPAs, CFOs, controllers, financial professionals, and auditors.

Objectives

Understand how to approach initial meetings. Understand the complexities of the industry in terms of legality. Understand the complexity of client relationship.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.