Tom Achor: At the Intersection of Cannabis Accounting and Technology

Portrait of Tom Achor
Achor

Better information through automation is his goal.

By Liz Gold
cannabizcpa.pro

Tom Achor, CPA, CITP, isn’t your typical CPA. While he still keeps up his license in Oregon, he spends his time consulting at the intersection of accounting and technology.

MORE ON CANNABIZ: Jessica Velazquez on Cannabis Accounting and Activism | PODCAST: Rich Wortmann Pioneers in Pennsylvania | PODCAST: Drew Dearlove Talks about the Cannabis Business | Five Secrets to Launching Your Own Cannabis Accounting Firm | Corporate to Cannabis: Laura Durham of Kind Accounting | Ben Condon on Launching a Cannabis CPA Firm: ‘The Opportunity Presented Itself’

And more on the cannabis niche at CPA Trendlines cannabizcpa.pro

GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

And while he doesn’t market his firm, Revolution Accounting and Advisory, as a cannabis-specific CPA firm per se, he does work with larger cannabis clients – helping them find and optimize the best technology for their needs.
READ MORE →

Embrace Difference and Diversity

Woman working on tablet in officeWhy didn't I speak up? Because I wanted to be a team player.

By Liz Gold

Difference comes in many forms. Race, gender identity, sexual orientation, religion, age, ability, learning style, personality – these characteristics are just a few of the many that make us who we are, yet isn’t it amazing that many of us only bring a fraction of ourselves to work?

MORE ON RADICALISM: Goals, Goals, Goals | Accodex Sets Up a Platform for Practice Management | Product Management: Start with These 6 Steps | Product Management Meets Strategy | Transitioning to Radical: How Carl Famiglietti Did It | How to Develop Productized Services
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

Diversity is a loaded word. August de los Reyes is the head of design and research at Pinterest. In a TechCrunch video, he talks about the connotative baggage that comes along with the term “diversity,” preferring to take the term in the literal sense.
READ MORE →

Jessica Velazquez on Cannabis Accounting and Activism

Portrait of Jessica Velazquez
Velazquez

Her concerns stretch from the regulatory framework to the particular needs of minorities.

By Liz Gold
cannabizcpa.pro

It was a fusion of life experience and natural skill that thrust Jessica Velazquez, CPA, founder and CEO of Indiva Advisors, into accounting.

MORE ON CANNABIZ: PODCAST: Rich Wortmann Pioneers in Pennsylvania | PODCAST: John Repetti and Mitzi Hollenbeck of Citrin Cooperman | 4 Best Things About Being a ‘Dope’ Accountant | Five Reasons Accountants Should Serve Cannabis Clients | The Fire Starter: Groundbreaking Cannabis CPA Luigi Zamarra | CPA Marcena Sorrels: From Health Care in Texas to Cannabis in Oregon | SURVEY: N.J. CPAs Support Recreational Cannabis | CPA Kim Walker: ‘We Can’t Be Afraid of Diving into Marijuana’

And more on the cannabis niche at CPA Trendlines cannabizcpa.pro

GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

A first-generation Mexican American, Velazquez is the second oldest of eight, lending a hand in a busy family clothing wear business. At the age of 15, when her parents got audited, she was able to serve as translator and bridge the language gap between her family and the IRS agent.
READ MORE →

PODCAST: Rich Wortmann Pioneers Cannabis in Pennsylvania

Click the player above to Play, Stop, Restart, Download, Like and Share.

 

Rich Wortmann is proud of his cannabis clients.

And his firm, RW Group, is leading the way in Pennsylvania, helping clients navigate tax, banking, and other complicated business issues.

His word of advice for them? Hire a CPA at the beginning.

Liz Gold caught up with Rich at MJBizCon Next in New Orleans to talk about his growing cannabis practice.

Get more CPA Trendlines podcasts here.
And more on the cannabis niche at CPA Trendlines cannabizcpa.pro

Join us for candid conversations with top trendsetters
Subscribe on iTunes

 

PODCAST: John Repetti and Mitzi Hollenbeck of Citrin Cooperman

Click the player above to Play, Stop, Restart, Download, Like and Share.

Citrin Cooperman takes on the cannabis niche.

We catch up with the Citrin Cooperman executives at their booth at MJBizCon Next in New Orleans about why they took the plunge and how the calls keep coming.

Get more CPA Trendlines podcasts here.
And more on the cannabis niche at CPA Trendlines cannabizcpa.pro

Join us for candid conversations with top trendsetters
Subscribe on iTunes

 

PODCAST: Jim Marty and Cory Parnell Go National

Click the player above to Play, Stop, Restart, Download, Like and Share.

What makes a cannabusiness successful?

Liz Gold talks with Jim Marty and Cory Parnell of Bridge West CPAs and Consultants at MJBizCon Next all about the latest trends in the cannabis industry.

Join us for candid conversations with top trendsetters
Subscribe on iTunes

Get more CPA Trendlines podcasts here

PODCAST: Drew Dearlove Talks about the Cannabis Business

Click the player above to Play, Stop, Restart, Download, Like and Share.
Dearlove

Liz Gold interviews the director of client relations at Complete Controller.

In this podcast from the MjBizCon Next Conference, the industry's largest gathering, Dearlove explains how Complete Controller, which provides back-office QuickBooks Premiere bookkeeping services for 180 CPA firms, got into the cannabis niche while serving a major client and the emerging opportunities for CPAs.

Get more CPA Trendlines podcasts here.
And more on the cannabis niche at CPA Trendlines cannabizcpa.pro

Join us for candid conversations with top trendsetters
Subscribe on iTunes

Derek Davis Keeps California Cannabis Clients Informed

Portrait of Derek Davis
Davis

Word to the wise: Have a partner.

By Liz Gold
cannabizcpa.pro

If you’re on the email list of California Cannabis CPA, expect to receive a weekly roundup of cannabis licensing deadlines, requirements and more from around the state.

MORE ON CANNABIZ: Corporate to Cannabis: Laura Durham of Kind Accounting | The Fire Starter: Groundbreaking Cannabis CPA Luigi Zamarra | CPA Marcena Sorrels: From Health Care in Texas to Cannabis in Oregon | SURVEY: N.J. CPAs Support Recreational Cannabis | CPA Kim Walker: ‘We Can’t Be Afraid of Diving into Marijuana’ | A CPA’s Unexpected Journey into the Cannabis Industry | Billion-Dollar Questions: Cannabis FAQ for Accountants | Pioneering Cannabiz CPA Warns: Tread Softly
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

It’s a way founder Derek Davis, CPA, not only stays in front of his clients, prospects and community but provides them with information they should know as the industry unfolds in California.
READ MORE →

Corporate to Cannabis: Laura Durham of Kind Accounting

Portrait of Laura Durham
Durham

Required of clients: a legal bank account or detailed cash logs.

By Liz Gold
cannabizcpa.pro

A proponent of marijuana since college, Laura Durham, CPA, went into private industry after a stint at Arthur Andersen. She worked at a beef company, a software company and later at a manufacturing company.

MORE ON CANNABIZ: The Fire Starter: Groundbreaking Cannabis CPA Luigi Zamarra | Commercial Medical Marijuana Use Comes to Michigan | CPA John Dillinger on California’s Prop 64 | CPA Andrew Hunzicker Creates Course in Cannabiz Accounting | Cannabiz CPA: Dani Espinda Chooses Option Number Three | The Two Crippling Compliance Issues for Cannabis Industry
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

It was during this time the course of her life changed.
READ MORE →

The Fire Starter: Groundbreaking Cannabis CPA Luigi Zamarra

Portrait of Luigi Zamarra
Zamarra

"If they follow GAAP in their accounting systems, income taxes will bankrupt them."

By Liz Gold
cannabizcpa.pro

You might have seen Luigi Zamarra, CPA back in the first episode of Weed Wars, a 2011 Discovery Channel series about the day-to-day operations of Oakland, California’s Harborside Health Center. Zamarra played himself, the chief financial officer of the world’s largest medical cannabis dispensary.

MORE ON CANNABIZ:Commercial Medical Marijuana Use Comes to Michigan | Ben Condon on Launching a Cannabis CPA Firm: ‘The Opportunity Presented Itself’ | CPA Simone Cimiluca-Radzins Launches 'LinkedIn of Cannabis' | Jim Marty: Building a National CPA Firm for the Cannabis Industry | Jordan Cornelius: Guiding Cannabiz Clients through Minefields | Wayne Harding: From Tech Boom to Cannabis Boom

GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

It was during his tenure at Harborside that Zamarra noticed the cannabis industry was humming along without realizing the implications of IRS Code 280E. To bring the issue to light, he wrote an article in Kush Magazine warning those in the industry how he anticipated the code section being an issue.
READ MORE →

Commercial Medical Marijuana Use Comes to Michigan

Portrait of Kareyna Miller
Miller

CPA Kareyna Miller keeps up with the changing landscape.

By Liz Gold
cannabizcpa.pro

CPA Kareyna Miller has always had a connection to the cannabis industry.

MORE ON CANNABIZ: Ben Condon on Launching a Cannabis CPA Firm: ‘The Opportunity Presented Itself’ | CPA Marcena Sorrels: From Health Care in Texas to Cannabis in Oregon | SURVEY: N.J. CPAs Support Recreational Cannabis | CPA Kim Walker: ‘We Can’t Be Afraid of Diving into Marijuana’ | A CPA’s Unexpected Journey into the Cannabis Industry | Billion-Dollar Questions: Cannabis FAQ for Accountants
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

Since 2009, she has been an activist and patient, but this past summer she put her traditional public accounting background to work for the industry, starting LC Solutions Michigan.
READ MORE →

Ben Condon on Launching a Cannabis CPA Firm: ‘The Opportunity Presented Itself’

Portrait of Ben Condon
Condon

A lot of client education is involved.

By Liz Gold
cannbizcpa.pro

Recently, I had the opportunity to attend an Oregon Cannabis Industry Meetup group in Portland. It’s a networking event for cannabis professionals and businesspeople who want to mix and mingle. After the speaker, an “open mic” for businesses is held, at which individuals have a minute to give an elevator pitch about their cannabusiness.

MORE ON CANNABIZ: CPA Marcena Sorrels: From Health Care in Texas to Cannabis in Oregon | CPA John Dillinger on California’s Prop 64 | CPA Andrew Hunzicker Creates Course in Cannabiz Accounting | Cannabiz CPA: Dani Espinda Chooses Option Number Three

More at CPA Trendlines' cannbizcpa.pro

GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

That’s how I met Ben Condon – he got up and talked about his CPA firm, BC Consulting, LLC, which he describes as a small boutique niche CPA firm focused on the cannabis industry.
READ MORE →

CPA Marcena Sorrels: From Health Care in Texas to Cannabis in Oregon

It's not a field for the weak of heart, she says.

By Liz Gold
cannbizcpa.pro

CPA Marcena Sorrels dubs herself an “old timer” as it pertains to public accounting. She has a long history of management in the financial, regulatory and human resources arenas. She’s been a top executive in a number of healthcare companies in Texas. And she recently completed a tenure with a company at which she was both an owner and the CFO. That company sold for more than $37 million over two years ago.

Portrait of Marcena Sorrels
Sorrels

MORE on CANNABIS: Billion-Dollar Questions: Cannabis FAQ for Accountants  |  Cannabiz CPA: Dani Espinda Chooses Option Number Three  |  CPA John Dillinger on California’s Prop 64  |  Jim Marty: Building a National CPA Firm for the Cannabis Industry  |  Ready or Not: CPA Firms Find New Opportunity in Booming Cannabis Industry  |  CPA Andrew Hunzicker Creates Course in Cannabis Accounting  |  CPA Simone Cimiluca-Radzins Launches ‘LinkedIn of Cannabis’

Browse more at CPA Trendlines’ canabizcpa.pro

GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

“I was out of a job and had had my fill of health care,” Sorrels says. “At the same time our daughter moved to Oregon to open up a cannabis dispensary and my husband and I got interested. We ended up investing in the dispensary.”

From there, Sorrels says, she started thinking about putting her skills to work for the industry. She saw a need for good accounting and she had always loved helping and teaching business owners how to understand their financial information to improve their operations. So, she packed up her life in Texas and headed out to the Pacific Northwest.

And that’s how 420 Financial Strategies was born.

READ MORE →