AAFCPAs Provides 280E Guidance at AICPA & CIMA Cannabis Conference

Posted on October 25, 2021August 15, 2022

AAFCPAs’ Cannabis Practice Leaders David McManus, CPA, CGMA and Joshua England, LLM, Esq. will present Navigating the Challenges and Hurdles of 280E to cannabis industry experts, CPAs, Attorneys, Tax advisors, and peers experienced and inexperienced with the sector at the American Institute of CPAs (AICPA) & Chartered Institute of Management Accountants (CIMA) Cannabis Industry Conference this November in Las Vegas, NV, Live online.

“We are pleased to provide our insights on this significant tax issue affecting the rapidly growing, multi-billion-dollar Cannabis industry,” said Dave. “We will share proven strategies to solve the challenges of 280E while remaining compliant and profitable.”

If you are interested in joining AAFCPAs on Nov 8-9, 2021 in Las Vegas, NV, or Live online, save $100 with code: CAN21

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AAFCPAs is a full-service CPA and consulting firm that has been servicing the cannabis industry since 2012 when Massachusetts first passed medical marijuana legislation. Our multi-disciplinary team includes CPAs, Consulting CFOs, Consulting Tax Attorneys, wealth advisors, as well as business valuation and IT & cyber security professionals. Our specialists will help you thrive while navigating the increased complexity of running a sustainable, high-performing cannabis company.

About the Authors

David McManus, CPA, CGMA

Dave leads AAFCPAs’ Cannabis Business Practice, providing highly coveted tax, entity structure, and business advisory solutions. Dave has been deeply immersed in understanding the complex financial and operational nuances of the cannabis industry since 2012. He advises multi-state operators, recreational and medical retailers, cultivators, product manufacturers, and investors. He proactively advises clients on risks, opportunities, and tax implications related to market entry, accounting methods, capital structure, debt financing, R&D, M&A, and goodwill impairment. He has led industry training sessions on interpreting and implementing new federal and state marijuana statutes, including compliance with 280E. Dave maintains a strong network of cannabis industry investors, attorneys, bankers, employee compensation and benefits providers, realtors, risk managers, and insurance agents, and he leverages these resources as appropriate to help clients achieve success.

Joshua England, LLM, Esq.

Josh is a tax strategist with extensive expertise advising high-net-worth individuals, nonprofits, and business owners and investors on effective strategies to ensure tax efficiency, asset protection, well-executed succession plans, and wealth preservation. He has been practicing law since 2000 and focuses his practice on the areas of wealth transfer planning, fiduciary and individual taxation, business structuring to maximize tax efficiency, and advising tax-exempt organizations, foundations and charitable donors.