Scott Posnick

All Topics

Lawsuit Returns $1.2M in Community Impact Fees to Cannabis Businesses

Lawsuit Returns $1.2M in Community Impact Fees to Cannabis Businesses

AAFCPAs would like to make Cannabis clients aware that Caroline’s Cannabis recently reached a $1.2 million settlement with the town of Uxbridge, Massachusetts contesting millions of dollars in community impact fees imposed on marijuana businesses. The lawsuit claimed that the town had not provided any documentation justifying a host community agreement (HCA) fee, which is […]

ABI-Lab Informational Luncheon Session

ABI-Lab Informational Luncheon Session

On September 28th, 2023, AAFCPAs‘ Nicole Zompa, CPA, Scott Posnick, and Rich Weiner, CPA, MST, CMAA held an educational luncheon session where they dove into crucial financial topics that early-stage Life Science and Biotech startups must address. Congratulations to the four winners of our gift-card raffle: Weimin Wu, Lynn Zheng, Skyler Michaud, and Yagmur Kan! Thank you to everyone who entered and attended!! #aafedu #greatmindsgreathearts

AAFCPAs’ Cannabis Practice Leaders Join NECANN-Boston Programming Schedule
NECANN Boston 2023 | AAFCPAs Cannabis Practice Leaders

AAFCPAs’ Cannabis Practice Leaders Join NECANN-Boston Programming Schedule

AAFCPAs has been selected to present two educational workshops at NECANN Boston 2023 (The New England Cannabis Convention) scheduled for March 10-12th at the Hynes Convention Center, Boston. AAFCPAs’ Cannabis Practice has also signed on as a Sponsor for the Convention, aka “THE Annual Meeting of the East Coast Cannabis Industry!” Entrance to Exit for […]

AAFCPAs Speaking at Illinois Cannabis Convention

AAFCPAs Speaking at Illinois Cannabis Convention

AAFCPAs’ Cannabis Practice has been selected to present an educational workshop: Modeling Considerations When Entering a New Market at the Illinois Cannabis Convention, June 10th-11th, 2022, at the McCormick Place Lakeside Center, Chicago, IL. MODELING CONSIDERATIONS WHEN ENTERING A NEW MARKET Entering a new Cannabis market requires planning and adapting to regional nuances unlike almost […]

AAFCPAs’ Cannabis Practice Leaders Join NECANN-Boston Programming Schedule

AAFCPAs’ Cannabis Practice Leaders Join NECANN-Boston Programming Schedule

AAFCPAs has been selected to present an educational workshop: Modeling Considerations When Entering a New Market at the New England Cannabis Convention, March 18-20th, 2022, at the Hynes Convention Center, Boston MA. The New England Cannabis Convention in Boston is considered the can’t-miss event of the year by cannabis operators across the region. This will […]

Cannabis Watch: Visa cracks down on cashless ATMs

Cannabis Watch: Visa cracks down on cashless ATMs

AAFCPAs would like to make cannabis clients aware of an emerging issue with the use of cashless ATMs. Visa Inc. issued a memo in December 2021 to customers, and reported in Marijuana Moment, warning that “miscoding point-of-sale transactions through the use of so-called cashless ATMs—a practice used by some cannabis retailers as a workaround to […]

AAFCPAs Promotes Directors in Tax & Outsourced Accounting
Stacie Field & Scott Posnick

AAFCPAs Promotes Directors in Tax & Outsourced Accounting

AAFCPAs (Boston, Wellesley, Waltham, & Westborough) is pleased to announce the following Director promotions in recognition of their earned expertise supporting clients’ Business & Income Tax and Outsourced Accounting needs. Stacie A. Field, CPA, MBA has been promoted to Director, Tax. She creates strategic tax plans for closely held businesses and their owners in a […]

Did Your Accounting Department Thrive While Remote?

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 Welcomes Consulting CFO Scott Posnick to Support Steady Growth of Managed Accounting Solutions Practice
Scott Posnick, Consulting CFO

AAFCPAs Welcomes Consulting CFO Scott Posnick to Support Steady Growth of Managed Accounting Solutions Practice

Boston, MA (November 11, 2018) – AAFCPAs, a best-in-class CPA and consulting firm known for assurance, tax, accounting, wealth management, valuation, business process, and IT advisory solutions, today announced the addition of Consulting CFO, Scott Posnick, CMA. Scott joins AAFCPAs’ growing Managed Accounting Solutions (MAS) Practice, which provides high-quality, cost-effective, cloud-based accounting and CFO solutions. He is […]