Industry
IRS Updates Guidance on Business Interest Deductions
Key takeaways: The Internal Revenue Service recently clarified its Section 163(j) FAQs following changes under the One Big Beautiful Bill Act. These updates do not create new law but provide practical guidance for companies evaluating financing, merger and acquisitions activity, or capital investments. For businesses with significant depreciation or amortization, the revised framework helps align […]
Why Inventory Deserves a Second Look in Cannabis Cultivation
Inventory rarely draws the same attention as cultivation methods or regulatory headlines, yet it often tells the clearest story about how a cannabis operation is run. AAFCPAs’ Janice O’Reilly, CPA, CGMA, Partner, explores this topic in a recent article published in Greenhouse Product News, showing how insights from dispensary operations can help growers manage inventory […]
Executive Order to Reschedule Cannabis: What It Means for IRC 280E
On December 18, 2025, President Trump issued an Executive Order directing the Department of Justice (DOJ) to expedite the rescheduling of cannabis to Schedule III under the Controlled Substances Act (CSA). This action follows the Department of Health and Human Services’ (HHS) 2023 recommendation and represents a major turning point for state-legal cannabis businesses. Why […]
Cannabis Rescheduling: What It Means for Operators and Investors—and How We’ll Help You Navigate It
The federal government’s anticipated move to reclassify cannabis from Schedule I to Schedule III under the Controlled Substances Act is one of the most consequential policy shifts the industry has seen to date. While this change may promise tax relief, expanded research opportunities, and improved access to capital, it also likely introduces stricter federal oversight […]
Why Tax Planning Should Begin Well Before a Multistate or International Business Sale
When preparing a business for sale, one of the first areas buyers examine is tax compliance. Where a company files state income, sales, and payroll taxes—and whether those filings are complete—can become a central focus of due diligence. Gaps in compliance, or even unintentional oversights, can lead to buyer holdbacks, unexpected liabilities, delays in closing, […]
More Than $33K Raised Thanks to Our Team’s Generosity
This Giving Tuesday, our team came together yet again to make a real impact. Through heartfelt contributions and a match from the AAFCPAs Charitable Foundation, we raised more than $33K for causes close to our hearts. That’s not just a number; it’s a measure of compassion and commitment that define our team members. This year’s donations bring the firm’s cumulative support for the Giving Tuesday initiative to more than $266K. The impact didn’t stop there. Throughout the year, the firm […]
Seminar Recap: Tax Strategies for Cannabis Operators 2025
During AAFCPAs’ recent Tax Strategies for Cannabis Operators webinar (October 2025), AAFCPAs’ Cannabis practice leaders presented practical guidance to operators on navigating Section 280E compliance, optimizing cost of goods sold, managing cash flow and operational challenges, and evaluating strategies for exit planning, including Qualified Small Business Stock and employee ownership structures. The past year for […]
LGBTQI CFO Network Conference Featured Insights from AAFCPAs
AAFCPAs were pleased to participate in the LGBTQI CFO Network Annual Conference in Washington, D.C., December 3–5, 2025. Partners Courtney McFarland and Lauren Duplin led a session, Navigating Financial Leadership in a Changing Landscape, focused on the financial challenges nonprofit CFOs face in today’s funding environment. The session covered strategic planning and budgeting, aligning your […]
Balancing ERP and Niche Solutions: Choosing the Right Path for Growth
The system(s) that once helped bring order to your operations may now be slowing things down. As organizations grow, shift focus, or respond to new demands, software that once felt like a perfect fit can start to feel restrictive. Finance teams rely on more workarounds. Spreadsheets multiply. Reports take longer to produce and answer fewer […]