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Why More Business Owners Are Turning to ESOPs for Succession
More business owners are turning to employee stock ownership plans (ESOPs) to ensure continuity, reward long-serving team members, and transition out with intention. Unlike sales to outside buyers, ESOPs keep ownership within the company, preserving institutional knowledge and culture. Beyond continuity, ESOPs provide a pathway to liquidity that aligns with both financial goals and legacy. […]
AAFCPAs Partner Michael Pruell Embarks on a New Chapter
AAFCPAs would like to share that Michael Pruell, CPA, a long-standing leader in the firm’s Healthcare and Community & Economic Development practices, has made the decision to pursue new professional opportunities outside of the firm. After many years of dedicated service, Mike has chosen to explore a new direction aligned with his evolving goals and […]
What Life Sciences Companies Can Do When Funding Slows
In this article: In biotech and life sciences sectors, capital is the engine that powers discovery, development, and scale. But cycles shift. Deals take longer. Investors ask more. And in the quiet between funding rounds, companies face a familiar question: how to move forward when the momentum stalls. This is not a new challenge but […]
Scaling Without Hiring Begins With Process
In the article: Budget cycles are tightening. Costs are up. Many organizations have been forced to operate with fewer resources, even as expectations and workloads grow. For some, especially in sectors like healthcare or nonprofit, the usual options for relief, such as hiring or expanding capacity, are not realistic. What remains is often overlooked: the […]
Interest Deduction Limits Loosened, Restoring Favorable Treatment for U.S. Businesses
Businesses financing growth may see renewed opportunities to recover interest costs more quickly under the One Big Beautiful Bill Act (OBBBA) due to a change that restores depreciation and amortization addbacks in calculating the limit on deductible interest. This adjustment to Internal Revenue Code Section 163(j) marks a return to the more generous standard in […]
Inventory Costing: One of Cannabis’s Most Misunderstood and Financially Critical Business Processes
Cannabis Business Times (August 06, 2025)- Inventory costing remains one of the most misunderstood and financially consequential areas in the cannabis industry. For cultivators, the process begins in the soil. Costs start accumulating long before harvest, yet many fail to track expenses like nutrients, labor, and overhead as plants move through the stages of clone, […]
AAFCPAs Among Leaders Driving CAS Innovation at Accounting Today Summit
Boston, MA (August 08, 2025)—AAFCPAs, a preeminent 350+ employee CPA and consulting firm specializing in tax, assurance, accounting, wealth management, business process and IT advisory solutions, is pleased to announce that Partner Destiny Flood will serve as a featured speaker at Accounting Today’s CAS Virtual Summit, a national event focused on the future of Client […]
Megabill Provisions Raise Tax Exposure for Multinationals
The One Big Beautiful Bill Act (OBBBA), enacted in July 2025, introduces broad changes to international tax rules. These adjustments will affect U.S. corporations with foreign subsidiaries, especially those that benefit from favorable tax treatment on foreign income. While some provisions align with expectations tied to the scheduled end of the Tax Cuts and Jobs […]
Why Strong Internal Policies Are Critical for Audit Readiness and Cyber Risk Protection
In this article: During IT General Controls (ITGCs) assessments performed either as part of financial statement audits or full IT security audits, AAFCPAs often identifies gaps in client policies and procedures that can leave an organization exposed to regulatory violations, operational failures, and reputational risk. Defined operational protocols for data security, breach response, and system […]