David McManus
Manufacturing Matching Grant Program Application Due Oct 4, 2019
The Commonwealth of Massachusetts has again appropriated funding for New England Business Association’s Manufacturing Matching Grant Program. The program provides targeted grants to manufacturing companies for the expressed purpose of providing high-powered private consulting expertise to small and medium-sized Massachusetts-based manufacturers undergoing a business transition. New England Business Association is now accepting applications for the […]
Proposed Bill Eliminating the Effects of 280E at the State Level
On June 11, 2019 the Massachusetts Joint Committee on Revenue heard House Bill 2510, An Act rescinding the effect of IRC 280E on businesses legally selling marijuana. While this bill has not been placed into effect yet, the hearing is a step forward towards state wide repeal of IRC 280E. What Does House Bill 2510 […]
AAFCPAs Presents Tax Strategies Post-TCJA at Vistage CEO Group
AAFCPAs’ tax strategists Dave McManus, CPA, CGMA and Joshua England, JD, LLM presented a tax strategizing session on June 17th, for the benefit of the regional Vistage group of CEOs. Dave and Josh shared the firm’s strategic tax insights with a distinguished group of executives, business leaders and CEOs on opportunities and challenges presented by […]
Cannabis Businesses Required to File IRS Form 8300 After Cash Transactions
AAFCPAs would like to remind cannabis business clients of their potential Form 8300 Report of Cash Payments Over $10,000 Received in a Trade or Business reporting obligation. This filing is required for any business who receives more than $10,000 in cash from one buyer as a result of a single transaction or two or more related transactions. […]
Cannabis firms must overcome financial hurdles
With cannabis businesses steadily entering the mainstream, it can be easy to lose sight of how difficult it is to launch and operate an organization in a quickly evolving industry. The regulatory scrutiny and tug of war between state and federal legislation creates a delicate environment.
AG Healey supports federal bill to legalize cannabis banking
Dave McManus, co-managing partner at AAFCPAs said in an interview that the law would provide more flexibility for banking opportunities, allowing more banks to come into the sector.
The SAFE Banking Act of 2019 Scores Victorious Step for Cannabis Businesses
On March 28, 2019, the House Financial Services Committee voted 45-15 to advance the Secure and Fair Enforcement Banking Act of 2019 (“SAFE Banking Act”) to the House of Representatives. While there is still a long road ahead, this is the most promising step forward for cannabis businesses who would like to move away from cash-only transactions […]
What Does Rising Talent Look For in a CPA Firm?
Public accounting has changed a great deal in order to keep pace with the way client needs have changed, requiring specifically talented professionals to evaluate these needs from multiple angles. This may be one reason that rising stars in the CPA world need a different type of environment to learn and thrive. At our firm, […]
AAFCPAs’ 2018 Year-End Tax Planning for Privately-Held Companies (Part 1) Webinar Now Available OnDemand
AAFCPAs’ 2018 Year-End Tax Planning for Privately-Held Companies (Part 1) Webinar, presented live on Wednesday, October 17th, is now available 24/7 via our website.