Blog
Our Blog acts as a great resource of topical information for the finance community. Use the search function to find specific topics or browse our categories to benefit from our past shared learnings.
CFOs Bring Clarity to the Financial Situation
In our 2020-2021 CFO Survey, AAFCPAs asked respondents the same question we asked back in 2017: What does your CEO/Executive Director want most from you? CFOs are unquestionably responsible and accountable for interpreting and presenting analytics related to financial metrics. The major change is about what the concept of “bringing clarity” means. Financial metrics were […]
AAFCPAs Provides 280E Guidance at AICPA & CIMA Cannabis Conference
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 […]
Year-End Tax Planning Webinars for Individuals and Privately Held Businesses
AAFCPAs reminds clients that year-end planning is especially important. Congress tends to enact tax law changes every year. They also tend to put off passing tax legislation until the 11th hour. As we approach the end of 2021, this continues. AAFCPAs monitors closely the status of emerging legislation, including the percolating Build Back Better Act. […]
Lease Accounting Standard Effective 1.1.22
Implementing the new lease standard is not just a one-time exercise. It requires changes to accounting processes and financial reporting controls. Accounting policy elections and practical expedients will affect the overall process and timeline—so AAFCPAs advises clients to assess them early. Effective implementation requires a thorough evaluation of resources and your organization should identify someone […]
Cannabis M&A: are you ready for an exit?
The cannabis market is young, fragmented, and growing fast. While the U.S. continues to hedge on federal guidelines and states slowly adopt standards for legalization, the mergers & acquisitions marketplace is incredibly active. Owners and investors with an eye on an exit should ensure they have the right infrastructure in place to present themselves as […]
Cybersecurity: Tools & Strategies to Protect Yourself and Your Family
October is cybersecurity awareness month in the United States. Breaches continue to affect various aspects of our increasingly connected world: from fortune 500 companies to large municipalities and public utilities. AAFCPAs urges clients to remain vigilant and to consider the following tools and strategies to protect yourself and your family: Access Your Credit Report The […]
Keys to Success in Robotic Process Automation
Robotic Process Automation (RPA) eliminates tedious, repetitive, and time-consuming tasks and frees up knowledge workers to spend time on higher value work like strategic planning. It also reduces the risk of human error during processing. When launching RPA programs, there are common failures to avoid, including those related to governance, management, scaling, and choice of […]
IT Execs Must Balance Security with Productivity
COVID-19 has challenged businesses to think about operations in a new way, and in many cases, your IT specialists may be supporting employees for the first time ever that were never intended or conceived to be remote or fully remote. This shift in the way we work has created competing interests for IT departments, who […]
Tax Planning Guides for Businesses & Individuals (2021-2022)
When considering your optimal tax planning & compliance strategy, business & individual tax payers must account for all current and impending tax code changes. This includes the 2017 Tax Cuts and Jobs Act, the 2019 Further Consolidated Appropriations Act, the 2020 Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and subsequent stimulus initiatives, as […]