Buying a Cannabis Operation May Mean Taking On Its Past
In cannabis transactions, key details may carry over after the deal closes. Understand how prior tax filings, Section 280E, and deal structure can shape a...
To celebrate Black History Month (Tuesday, February 1, 2022 – Tuesday, March 1, 2022), the New England Society of Certified Public Accountants (NECPAs) recognizes members who have helped shape the accounting profession. AAFCPAs Partner Sorie Kaba, CPA was among those...
To celebrate Black History Month (Tuesday, February 1, 2022 – Tuesday, March 1, 2022), the New England Society of Certified Public Accountants (NECPAs) recognizes members who have helped shape the accounting profession. AAFCPAs Partner Sorie Kaba, CPA was among those recognized.
What initially interested you in the accounting field?When I took over my family retail business in Liberia, I wanted to do things differently in terms of developing a better financial reporting system. I applied what I had learned as an economics major and built a system for success that accounted for not only our sales but inventory and expenses as well. By seeing the positive impact it had on the family business, I decided to change course from studying science and physics to pursue a degree in accounting.
At AAFCPAs, coaching/mentorship has always been and continues to be a key component of staff development. My entire working career in America has been with AAFCPAs, where I have been fortunate to have great mentors. Prior to becoming a partner, I worked with Matt Hutt, CPA, CGMA, and Tom Washburn, CPA, CGMA, who have been great mentors that I still look to for guidance. We have a collaborative and team-oriented culture, so it is easy to reach out to almost any partner, including the managing partner, for guidance, whether work related or personal.
Students should be aware that the accounting industry and profession are changing rapidly, which means you must be willing to adapt to be successful in accounting. Students should consider taking courses in technology and analytics as a means of differentiating themselves as the skill set requirements continue to expand for the profession. At AAFCPAs, we are talking to students to encourage them to study math and applicable courses that could lead to a career in the accounting industry.
I would like to see growth in groups that are underrepresented at various levels within CPA firms. I am glad and grateful that NECPAs continues to promote and prioritize diversity, equity, and inclusion (DEI) as one of the goals in their 2022-2025 Strategic Plan. This is a step in the right direction, and I hope more firms across the nation develop DEI programs that will create an inclusive workplace and not only recruit but retain diverse employees at various levels. My firm, AAFCPAs, launched a diversity, equity and inclusion Initiative in 2017 to make this a fundamental part of the firm’s core values. This is an important part of our work every day, and as chair of my firm’s DEI Committee, I am proud of the work we have done so far and continue to do in promoting DEI within the firm.
Every February, people in the United States celebrate the achievements and history of African Americans as part of Black History Month. Black History Month was created to focus attention on the contributions of African Americans to the United States. It honors all Black people from all periods of U.S. history, from the enslaved people first brought over from Africa in the early 17th century to African Americans living in the United States today.
Sorie has extensive experience providing assurance, tax, and consulting solutions to sophisticated nonprofits, including multi-service human & social services providers, Federally Qualified Health Centers (FQHCs), Community Development Corporations and their affordable housing projects, and community development financial institutions (CDFIs). He is highly sought-after for his authoritative knowledge on the subject of tax credit-based financing, including New Markets tax credits (NMTCs), Low-Income Housing tax credits (LIHTCs), federal and state Historic Rehabilitation tax credits, Renewable Energy tax credits, and projects that combine tax credits with various levels of debt and rental assistance subsidies.
In cannabis transactions, key details may carry over after the deal closes. Understand how prior tax filings, Section 280E, and deal structure can shape a...
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New 1099 reporting thresholds are in effect for 2026. Businesses should understand what has changed and review vendor records, W-9 information, and payment activity before...