David Gravel

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Watch Now: Cannabis Tax Webinar 11/7

Watch Now: Cannabis Tax Webinar 11/7

As we approach the conclusion of 2023, the Cannabis Practice at AAFCPAs extends a warm invitation to our esteemed clients and friends to proactively evaluate their comprehensive financial status in anticipation of strategic year-end tax planning. Please remember, implementing the majority of tax-saving strategies necessitates action on or before December 31. At AAFCPAs, we stand […]

AAFCPAs Featured at VT Cannabis Convention

AAFCPAs Featured at VT Cannabis Convention

AAFCPAs Cannabis Practice Leaders have been invited to speak at The Vermont Cannabis and Hemp Convention hosted by the New England Cannabis Convention (NECANN) on Saturday, May 6, 2023 at the Champlain Valley Expo in Burlington, Vermont. WHAT NEW OPERATORS NEED TO KNOW THAT THOSE IN MATURE MARKETS HAD TO FIGURE OUT THE HARD WAY! […]

Cap Table Maintenance Streamlines Tax Compliance

Cap Table Maintenance Streamlines Tax Compliance

AAFCPAs advises clients to maintain their capitalization (cap) table throughout the year to avoid frustration, delays, and a compressed tax filing deadline. Accurate and up-to-date information: By maintaining the capitalization table throughout the year, businesses can ensure that the information is accurate and up-to-date, reflecting any changes in ownership, equity investments, and other capital transactions […]

AAFCPAs Announces New Director Promotions

AAFCPAs Announces New Director Promotions

AAFCPAs, a best-in-class CPA and consulting firm known for tax, assurance, accounting, wealth management, business process, and IT advisory solutions, today announced employee promotions to Director: Aaron Diamond, CPA Promoted to Director, Assurance Aaron has been promoted to Director in AAFCPAs’ Assurance practice. He has extensive experience leading high-energy assurance teams, and in providing advice […]

Watch Now: 2022 Year-End Tax Planning & Compliance for Cannabis Businesses

Watch Now: 2022 Year-End Tax Planning & Compliance for Cannabis Businesses

Year End Cannabis Business Tax Planning In this live webinar, AAFCPAs’ Cannabis Practice Leaders covered Federal & State tax planning strategies for cannabis businesses. Listen to hear what you may need to consider now to optimize your 2022 tax position. Topics Covered Include: Key considerations for Tax Compliance Readiness 280E Tax key considerations, and the […]

MA Cannabis Reform Bill Signed by Governor

MA Cannabis Reform Bill Signed by Governor

On August 11, 2022, Governor Charlie Baker signed into law the largest cannabis reform bill Massachusetts has seen since 2017: An Act Relative to Equity in the Cannabis Industry. The bill focused on welcomed provisions for operators: MA Decouples from Federal 280E, Offering Significant Tax Savings Social Equity Trust Fund Established, for the benefit of […]

MA Votes to Decouple from Federal 280E

MA Votes to Decouple from Federal 280E

On May 18, 2022, in a 153-2 vote, the Massachusetts House of Representatives approved sweeping marijuana reforms, which includes two welcomed provisions for operators! MA House Votes to Decouple from Federal 280E Tax Code The House voted to amend the state’s tax code to officially decouple from the federal tax code with respect to 280E. This […]

Tax Planning Guides for Businesses & Individuals (2021-2022)

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 […]

Marijuana Retail Tax Compliance

Marijuana Retail Tax Compliance

In today’s constantly evolving cannabis industry, cannabusinesses face numerous challenges that can impact their short- and long-term success. These include various state licensing regulations, the high-stakes tax burden created by IRC Section 280E, and the constant need to maintain a competitive edge. One of the most onerous challenges for operators is the need to stay […]