Course

Description

Working in wine and spirits? Accounting for ale? Curious about cannabis? Let us help you craft your practice by demystifying the risks and rewards of these rapidly growing industries at this conference! Customize your conference with multiple CPE tracks. Our nationally-renowned instructors will distill the latest updates into engaging sessions full of local flavor. Connect, share insights and expand your network with other CPAs from your state and beyond your field. Open your mind to bold new possibilities in accounting.

Bottles, Brews & Buds is presented by the Alaska, Colorado, Hawaii, Idaho, Montana, Oregon, and Washington Societies of CPAs.

Schedule:

THURSDAY, AUGUST 5
GENERAL SESSION
11:40am - 12:00pm PDT
Welcome Screen and Login

GENERAL SESSION
12:00pm - 12:05pm PDT
Welcome and Announcements

GENERAL SESSION
12:05pm - 12:30pm PDT
Opening Panel - Changes that 2020 Brought to Each of the Industries - Crista Burson President & CEO, Alaska Society of CPAs; Laura Lantz Executive Director & CEO, Idaho Society of CPAs; Sherri McPherson President / CEO, Oregon Society of CPAs; Kathy Castillo Executive Director, Hawaii Society of CPAs; Mary Medley President & CEO, Colorado Society of CPAs; Kimberly Scott President & CEO, Washington Society of CPAs; Allen Lloyd Executive Director, Montana Society of CPAs

BREAKOUT SESSIONS
12:30pm - 1:20pm PDT
Concurrent Session A01 | Mergers and Acquisitions in Beer, Wine and Spirits - Bethany Hatef Associate, McDermott Will & Emery LLP

12:30pm - 1:20pm PDT
Concurrent Session A02 | Cannabis Risks and Controls: How to Identify, Document, and Manage Your Unique Control Environment - Amanda Erven
Learn how to create a Cannabis Risk and Control Matrix (CRCM) that is useful for investors, regulators, auditors, and anyone needing comfort in your unique processes. 

GENERAL SESSION
1:20pm - 1:30pm PDT
Break

BREAKOUT SESSION
12:30pm - 1:20pm PDT
Concurrent Session A01 | Mergers and Acquisitions in Beer, Wine, and Spirits - Bethany Hatef Associate, McDermott Will & Emery LLP

12:30pm - 1:20pm PDT
Concurrent Session A02 | Cannabis Risks and Controls: How to Identify, Document, and Manage Your Unique Control Environment - Amanda Erven
Learn how to create a Cannabis Risk and Control Matrix (CRCM) that is useful for investors, regulators, auditors, and anyone needing comfort in your unique processes. 

GENERAL SESSION
1:20pm - 1:30pm PDT
Break

BREAKOUT SESSION
12:30pm - 1:20pm PDT
Concurrent Session A01 | Mergers and Acquisitions in Beer, Wine and Spirits - Bethany Hatef Associate, McDermott Will & Emery LLP

12:30pm - 1:20pm PDT
Concurrent Session A02 | Cannabis Risks and Controls: How to Identify, Document and Manage Your Unique Control Environment - Amanda Erven
Learn how to create a Cannabis Risk and Control Matrix (CRCM) that is useful for investors, regulators, auditors, and anyone needing comfort in your unique processes. 

GENERAL SESSION
1:20pm - 1:30pm PDT
Break

FRIDAY, AUGUST 6

BREAKOUT SESSION
12:00pm - 12:05pm PDT
Announcements

11:40pm - 12:00pm PDT
Welcome Screen and Login

GENERAL SESSION
12:05pm - 12:55pm PDT
Fraud Case Study and Best Practices for Beer and Cannabis Industries - Glen Klinkhart

GENERAL SESSION
12:55pm - 1:00pm PDT
Break

BREAKOUT SESSION
1:00pm - 1:50pm PDT
Concurrent Session D01 | R&D in the Winemaking Industry- Nina Nititadakul
The processes involved in growing, irrigating, harvesting, blending, and aging wine make this industry a strong candidate for claiming the Research and Development (R&D) tax credit. This tax credit, more commonly known as the Research Tax Credit (RTC), was designed as an incentive for U.S. companies to conduct innovative activities, increase research spending and keep jobs in America. Get the background you need to understand this tax credit during this session.

1:00pm - 1:50pm PDT
Concurrent Session D02 | Cannabis Banking Panel - Sabrina Webb & Ed Perlmutter
1:00pm - 1:50pm PDT

Concurrent Session D03 | Cyber Security- David Leonhardt

GENERAL SESSION
1:50pm - 2:00pm PDT
Break

BREAKOUT SESSION
2:00pm - 2:50pm PDT
Concurrent Session E01 | Why is State and Local Tax so Tough for Spirits and Brew? - Judy Vorndran & Stacey Roberts
There’s big tax revenue to be had in brew and booze, and the federal government, states, and some local jurisdictions are collecting. In all, about 40 percent of the retail price of beer goes toward covering applicable taxes, costs that are passed along to consumers in the form of higher prices. The tax cost tied up in spirits is typically higher than other retail products. Join Judy Vorndran, Esq., CPA, and Stacey Roberts, CPA, of TaxOps as they dig into the morass of taxing spirits, brew and wine to help you make sense of it all.

2:00pm - 2:50pm PDT
Concurrent Session E02 | Cannabis Legal Liability Insurance and Licensing - Ric Rosario CEO, CAMICO Mutual Insurance Co

GENERAL SESSION
2:50pm - 2:55pm PDT
Break

BREAKOUT SESSION
2:55pm - 3:45pm PDT
Concurrent Session F01 | Breweries and Wineries Closing Presentatio - Geni Whitehouse
2:55pm - 3:45pm PDT

Concurrent Session F02 | Cannabis Closing Presentation - Kathryn Maxson-Landis

GENERAL SESSION
3:45pm - 3:55pm PDT
Adjourn

Highlights

Changes that 2020 brought to each of the industries. Fraud case study and best practices for beer and cannabis industries. Cyber security concerns. Accounting struggles for today’s craft distiller and much more!

Objectives

Attendees will leave the conference with new insights and an increased understanding of the issues and challenges for accounting in the wine making, brewing, distilling, and cannabis industries. 

Designed For

Accounting professionals in alcohol and cannabis industry.