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Carmen Grinkis, Leading Lady 2024
Carmen Grinkis, Ph.D, CLTC, CLU®, CFP® was recently featured in Providence Monthly, Hey Rhody, and The Bay Magazine’s Leading Ladies 2024 spotlight, which included several inspiring, passionate, determined leaders who are making a difference in their Rhode Island communities. Carmen is a Wealth Advisor and Co-Managing Partner of AAF Wealth Management, a division of AAFCPAs.
AAFCPAs Speaking at MJ Unpacked, Atlantic City
Janice O’Reilly, CPA, CGMA, Partner has been invited as a panelist on “Empowering Women: Navigating the Path to Capital” at MJ Unpacked, an event uniting cannabis retail and brand executives, license holders, and accredited investors who actively invest in the space. The event takes place April 9, 10, and 11, 2024 at the Hard Rock […]
Kim Beauchamp Promoted to Partner
AAFCPAs is thrilled to announce the promotion of Kim Beauchamp, CPA, Chief Operating Officer to Partner effective April 1, 2024. Kim has made a substantial impact on the firm in the short two years that she has been with AAFCPAs including the assumption of the managing partner’s responsibilities for operational oversight. Kim has driven improvements […]
Clean books & records ease year-end stress
To our fellow public accounting auditors. As busy season nears its peak, so does the pressure to ensure financial affairs are in order. At this stage, last-minute or disorganized requests only frustrate staff and lead to undue stress, long hours, awkward change orders, and a higher potential for error. AAFCPAs’ Outsourced Accounting & Fractional CFO Practice is […]
Movers & Shakers for Feb. 19, 2024
Worcester Business Journal (February 19, 2024) – AAFCPAs, an accounting consulting firm in Westborough, has promoted four employees to partner. LAUREN DUPLIN joined the firm in 2009 and is a senior member of AAFCPAs’ Fractional CFO & Outsourced Accounting practice, with more than 12 years of experience in auditing. NICHOLE REILLY joined AAFCPAs in 2010 as leader of the […]
AUP vs. QofE Reports in Business Acquisitions
Could Agreed-Upon Procedures (AUPs) serve the purpose of a Quality of Earnings (QofE) report for certain business acquisitions? Buyers engaging in or evaluating potential transactions, mergers, or acquisitions (M&A) need to assess the true value of a business’s assets, liabilities, and intellectual property. Proper due diligence can be used to pinpoint synergies among entities, offer […]
TerrAscend Corp. Joins Other Operators Changing 280E Tax Position
AAFCPAs would like to make cannabis clients aware that TerrAscend Corp., in its fourth-quarter earnings call, announced it would no longer be making tax payments under Section 280E of the Internal Revenue Code. The company’s Chief Financial Officer noted its legal basis in doing so comes from a legal interpretation based on a similar position […]
CARM Set to Transform Canada Imports
This article has been updated. AAFCPAs would like to make clients aware of a significant new requirement related to Canada customs. The Canada Border Service Agency (CBSA) Assessment and Revenue Management (CARM) is a new initiative, which is expected to notably transform how importers interact with Canada Customs. Importers should be aware that CARM will […]
From The Desk of Jonathan Bloom
Last quarter, we spent a lot of time talking about taxes, reviewing last year’s portfolio performance, and projecting income and expenses for the year ahead. Now, we’re focused on applying that insight to your financial plan and making sure there is alignment. I’m also working with many clients who need to set cash aside for […]