Industry
Exploring Nonprofit Collaborations, Mergers, Affiliations, and More 2024
Exploring Nonprofit Collaborations, Mergers, Affiliations, and More | Webinar OnDemand Watch AAFCPAs’ Tax Consulting Attorneys for an insightful look into various forms of nonprofit collaborations spanning informal information-sharing through formal affiliation agreements and strategic partnerships. Hear in-depth analysis on nonprofit mergers and acquisitions, 501(c)(3) and 501(c)(4) affiliation considerations, advantages of tandem for-profit structures, and benefits […]
Accounting Standards Update 2024
Accounting Standards Update | Webinar OnDemand Watch as AAFCPAs’ nonprofit assurance leaders offer insights on the lease standard along with key considerations as we enter year two of adoption. Gain understanding on lease renewals, accounting changes, and schedules. Delve into the Current Expected Credit Losses (CECL) standard effective in CY 2023 and FY 2024 and […]
Microsoft Discontinues Dynamics Great Plains Support
AAFCPAs would like to make clients aware that Microsoft is discontinuing support for its Dynamics Great Plains software. Sunset of its mainstream support began in 2020, with extended support slated to phase out by 2028. While the system will not vanish completely, users may begin to find that select integrations and/or functions cease to perform […]
$240M Funding Available to Expand Behavioral Health
AAFCPAs would like to make Federally Qualified Health Center (FQHC) clients aware that the Health Resources and Services Administration (HRSA) has earmarked $240 million to help its health centers meet rising demand for mental health and substance use disorder services. Applicants must be Health Center Program award recipients with an active H80 grant award. A […]
Cannabis Ventures, Startup Best Practices, and Ways to Compete
Cannabis Business Executive (March 25, 2024) – Once relatively easy to break into, the cannabis industry now demands a leaner and more conservative approach to financial management along with precise forecasting and a great deal of patience. There are inherent risks, regulatory uncertainties, and financial challenges faced by new market entrants and established operators alike. […]
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 […]
Webinar: Cannabis ESOPs – The Industry Game Changer
In AAFCPAs’ recent webinar “Cannabis ESOPs: Why an ESOP is an Industry Game Changer”, David McManus, CPA, CGMA, Tax Partner & Cannabis Practice Leader and Joshua England, LLM, Esq., Partner & Tax Attorney along with Hannah King, Partner, Dentons, Mark Loyd, Partner and Co-lead of national tax practice at Dentons, and Darren Gleeman, Managing Partner, […]
$270M in New Funding to Community Health Centers
AAFCPAs would like to make health center clients aware that the Consolidated Appropriations Act, 2024, was signed into law on March 9 and is slated to provide $270 million in new annual funding to community health centers. Backdated to the start of the current fiscal year, this funding brings the program’s total annual funding to […]
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 […]