Katye Maxson Landis from Moxy Accounting

Cannabis accounting, government roadblocks and client stories

Cannabis accounting, government roadblocks and client stories with Katye Maxson Landis

Episode 19 • Dec 14

00:00

52:51

About the Episode

About

Transcript

About the Episode

Transcript

Katye Maxson Landis is the owner of Moxy Accounting LLC in Portland, Oregon and is one of few women in the United States actively filing taxes for small cannabis businesses. In this episode, Katye sheds light on the accounting challenges that cannabis businesses face, the advantages that they can bring, and shares stories of her very interesting clients. She also talks about the future of the cannabis industry and her very own educational program for cannabis accountants.

Episode Themes

Cannabis accounting

Tax laws

Education

Episode Notes

Origins of Moxy Accounting (2:25)
Need of a robust tax professional in the industry (4:25)
Federal law vs State law (5:50)
Tax difference between regular businesses and cannabis businesses (6:50)
Operating cannabis growing business in a tough environment (8:35)
No privilege for American cannabis (10:20)
The passion of business owners (11:35)
It’s not a choice, it’s the law (13:35)
Pervasive view on future of accounting in the cannabis industry (15:50)
Government is reactive rather than proactive (17:00)
Opportunities of taxing cannabis sensibly (18:20)
Problems of the at-will taxing regiment (21:35)
Importance of tax courtesy or discourtesy (23:45)
Booker Schumer weed bill (24:30)
Being a champion of a small business (27:40)
Advocacy for cannabis users (28:25)
Privilege to introduce business owners to the normal economy (30:00)
There is really something about this plant (31:20)
Katye’s first cannabis client (32:35)
Dispensary consultation (37:50)
Problems of banking for cannabis (40:20)
Striving to create a defensible paper trail (41:50)
Educational program for accountants in the cannabis industry (42:50)
Practical case studies (46:00)
Go paperless with Karbon (48:05)
Cannabis Katye (51:00)

Episode Themes

Cannabis accounting

Tax laws

Education

Episode Notes

Origins of Moxy Accounting (2:25)
Need of a robust tax professional in the industry (4:25)
Federal law vs State law (5:50)
Tax difference between regular businesses and cannabis businesses (6:50)
Operating cannabis growing business in a tough environment (8:35)
No privilege for American cannabis (10:20)
The passion of business owners (11:35)
It’s not a choice, it’s the law (13:35)
Pervasive view on future of accounting in the cannabis industry (15:50)
Government is reactive rather than proactive (17:00)
Opportunities of taxing cannabis sensibly (18:20)
Problems of the at-will taxing regiment (21:35)
Importance of tax courtesy or discourtesy (23:45)
Booker Schumer weed bill (24:30)
Being a champion of a small business (27:40)
Advocacy for cannabis users (28:25)
Privilege to introduce business owners to the normal economy (30:00)
There is really something about this plant (31:20)
Katye’s first cannabis client (32:35)
Dispensary consultation (37:50)
Problems of banking for cannabis (40:20)
Striving to create a defensible paper trail (41:50)
Educational program for accountants in the cannabis industry (42:50)
Practical case studies (46:00)
Go paperless with Karbon (48:05)
Cannabis Katye (51:00)

About the Guest

Katye is the owner of Moxy Accounting LLC in Portland, Oregon. She is among the very few women in the United States actively filing taxes for small cannabis businesses (federally illegal businesses) while educating other accountants in the field. She has worked as a cannabis accountant for nine years, is passionate about education for her cannabis clients and other accountants and considers herself a change agent.

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