Janice O'Reilly
Cannabis Business Owners: New states, new markets: financial modeling for MSOs
Becoming a multi-state operator (MSO) in the cannabis industry requires planning and adapting to regional nuances unlike almost any other business. Financial modeling is a crucial step to understanding what lies ahead, and operators have myriad state-specific factors to consider when projecting their balance sheet. With cannabis still illegal at the federal level, companies cannot […]
SBA Releases PPP Loan Necessity Questionnaires
AAFCPAs reminds clients, part of qualifying for the U.S. Small Business Administration’s (SBA) Paycheck Protection Program (PPP) loan meant certifying that the “current economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.” This certification was required by an applicant to be made in good faith when pursuing this loan […]
Did Your Accounting Department Thrive While Remote?
Many finance departments were put to the test when forced to transition to a remote workforce in response to the Coronavirus pandemic. Those that had already moved processes and systems to the cloud were able to adapt quickly. Those that outsourced their finance function to AAFCPAs’ Managed Accounting Solutions (MAS) group did not skip a […]
AAFCPAs Shares Financial Strategies During COVID-19 with WBJ Finance Community
Janice O’Reilly, CPA, CGMA, Partner and Leader of AAFCPAs’ Managed Accounting Solutions practice will share business strategies for managing financial resources during a crisis as an expert panelist in the Worcester Business Journal’s (WBJ) Coping with COVID-19 Webcast Series, Wednesday, July 22. To stay resilient during today’s economic turbulence means your business must have full […]
Stock Market Volatility Complicates Investment Advice
It’s been a worrying few months financially since the coronavirus pandemic hit in March – and that’s for those who’ve kept their job or their business in operation. A recession began in February and worsened quickly when businesses were forced to close in an effort to curtail the spread of the virus and sent the […]
Guidance for Businesses Navigating the Financial Crisis
As you may be aware, the Senate and House have both passed an extension to the deadline for businesses to apply for the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) loan program. The measure will now go to the President for his signature. Still, much uncertainty remains, including the promise of another federal aid […]
Paycheck Protection Program Loans: Tracking Costs
AAFCPAs has provided the following guidance and a tracking template to ensure clients who secured a Paycheck Protection Program (PPP) loan or are currently pursuing the loan are maximizing their opportunity for debt forgiveness. Maximum Loan Value Calculation Clients are advised to assess and familiarize yourself with the calculation of the maximum loan value used […]
Payroll Tax Credits and Other COVID-19 Payroll-Related Benefits
AAFCPAs would like to make clients aware of sections of the laws enacted over the past several weeks by the Federal government to ease the economic impact on employees and employers as they relate to payroll-related benefits. Employers are presented with two types of new tax credits, and a tax deferral option available as part […]
AAFCPAs’ Janice O’Reilly to Serve as Treasurer of MassVentures
AAFCPAs is excited to announce Janice O’Reilly, CPA, CGMA, Partner in the Consulting Division of AAFCPAs and leader of the Managed Accounting Solutions (MAS) practice, has been appointed and agrees to serve as Treasurer of MassVentures. MassVentures is a quasi-public venture capital firm focused on fueling the Massachusetts innovation economy by funding early-stage, high-growth startups […]