AAFCPAs Presents Financial and Operational Insight at Boston Cannabis Week

Posted on September 16, 2019June 27, 2024

AAFCPAs is proud to partner with Boston Cannabis Week (BCW), September 16^th – 22^nd, a forum designed to help business owners, entrepreneurs, investors and curators in the cannabis industry. AAFCPAs’ Consulting Controller Nicholas M. Foresti, MBA has been asked to speak and share his expertise on an entrepreneurial resources panel that takes place Wednesday, September 18^th designed to provide best practice recommendations related to tax, accounting, and assurance.

Nick is a dynamic controller in residence at AAFCPAs Managed Accounting Solutions, providing complete outsourced accounting & finance services for privately-held companies. He has extensive experience serving the Cannabis industry, where his cost accounting expertise is coveted. He confidently ensures AAFCPAs’ clients remain in compliance with strict state and federal regulations. Learn more about Nick Foresti.>>

AAFCPAs has a proven track record of effectively advising the Massachusetts cannabis industry on: tax planning and compliance; outsourced accounting; entity structure; financing structures; audit and assurance; business plans; financial projections; cost allocations; and more. Our proven cannabis expertise makes us uniquely qualified to assist businesses in navigating through the complexities of the industry. Learn more about AAFCPAs’ Advisory, Tax, Accounting & Assurance Solutions for Cannabis Businesses.>>

If you have questions, please contact Nicholas M. Foresti, MBA at 774.512.4017, nforesti@nullaafcpa.com, or your AAFCPAs Partner.

RELATED INSIGHTS

Related Insights

Massachusetts to Automate Penalties on Late Advance Payments Starting July 2025

Beginning July 1, 2025, the Massachusetts Department of Revenue (DOR) will automatically assess penalties on businesses that fail to make required advance tax payments by the 25th of each month. The advance payment requirement, in place since 2021, applies to businesses with more than $150,000 in annual tax liability from certain indirect taxes, such as […]

How to Make Inventory Decisions That Drive Profit

Challenges to Profitability in the Cannabis Industry Profitability in the cannabis industry is challenging due to a combination of regulatory hurdles, banking restrictions, high tax rates, intense market competition, and cash flow management issues. The complex regulatory environment increases compliance costs, while federal laws limit access to traditional banking resources. Additionally, IRS Code Section 280E […]

AAFCPAs Participates in Compliance Panel at NECANN Boston 2025

AAFCPAs’ Janice M. O’Reilly, CPA, CGMA and David McManus, CPA, CGMA will join Tony Gallo, Sapphire Risk Advisory Group, and Peter D’Agostino, Tenax Strategies, for an interactive panel discussion at the 2025 New England Cannabis Convention (NECANN) on key compliance issues faced by cannabis establishments. The opening day session will cover compliance and reporting requirements […]