AAFCPAs Provides Tax and Business Guidance at Cannabis Industry Conferences

Posted on July 28, 2023July 31, 2023

AAFCPAs Provides Tax and Business Guidance at Cannabis Industry Conferences

AAFCPAs’ Cannabis Practice leaders David McManus, CPA, CGMA and Joshua England, LLM, Esq. have been invited to present at two industry conferences in August 2023.

AICPA & CIMA Cannabis Industry Conference

David McManus, CPA, CGMA is pleased to present CAN2315, Taxes: Part 1 at the AICPA & CIMA Cannabis Industry Conference being held August 14 through 16 live and online at The Westin Copley Place, Boston, Massachusetts.

Participants will enjoy an engaging discussion on how a panel of tax professionals built their Cost of Goods Sold (COGS) position from client data. The panel will also cover various perspectives on tax return presentation and risk management when taking various tax positions. This session is Wednesday, August 16 from 8:30 AM to 9:45 AM EDT.

Learn more or register for the AICPA & CIMA Cannabis Industry Conference. >>

The Maine Cannabis Convention/Homegrown Trade Show

David McManus, CPA, CGMA and Joshua England, LLM, Esq. have been invited to speak at the Maine Cannabis Convention/Homegrown Trade Show being held at the Augusta Civic Center in Augusta, Maine. The event will take place on Saturday, August 12 and Sunday, August 13 from 10 AM to 3 PM.

McManus and England are recognized for providing specialized advice and counsel to cannabis clients on a variety of business transactions including mergers, acquisitions, divestitures, licensing of intellectual property and brands, and issuance of stock options. In this session, Business Transactions for Growth and Exit, they share insight into some of the most popular business transactions in the space along with guidance on accounting for cannabis transactions and considerations for structuring transactions in the most tax efficient manner.

Since 2012, AAFCPAs’ Cannabis Practice has led the way in advising cannabis operators in the areas of tax, finance, and assurance solutions. Earning national recognition, the group encompasses a multidisciplinary team of advisors including CPAs, consulting CFOs, estate planning and tax attorneys, and wealth advisors along with business process, data analytics, IT, and cyber security professionals.

Learn more about The Maine Cannabis Convention/Homegrown Trade Show. >>

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.