Industry
Seeking Your Support for an Emjays Award Nomination
The Emjays International Cannabis Awards are returning Dec. 5 to the Pearl Theater inside The Palms Casino Resort in Las Vegas! Nominations are open for 23 awards categories in the cannabis industry, including Financial Services of the Year (Accounting Firms, Banking, and Investment Firms). To be considered, companies must receive nominations from clients like you. […]
Seminar Recap: Accounting Standards Updates for Nonprofits
During AAFCPAs’ recent Nonprofit Seminar (recorded live, April 2024), Matthew Hutt, CPA, CGMA, Amy Staunton, CPA, and Jennifer A. L’Heureux, CPA briefed approximately 400 attendees on the latest applicable accounting standards updates (ASUs) and how they affect nonprofit organizations. What we covered: The full session was recorded and may be viewed as a webcast at […]
Grants for Mental Health Centers, Applications Due July 19
AAFCPAs would like to make clients aware that the Commonwealth of Massachusetts’ Executive Office of Health and Human Services (EOHHS) announced the establishment of time-limited supplemental payments to eligible providers enrolled with MassHealth as mental health centers (MHCs). With a July 19th deadline to apply, AAFCPAs advises that clients not delay. Grant Eligibility Eligibility for […]
AAFCPAs Invited To Present at NCSC24
AAFCPAs’ John Buckley, CPA, CGMA has been invited to present on financial health when operating a strong charter school/network at NCSC24, the largest national gathering of educators, advocates, and leaders in the charter school community. This year’s conference will be held June 30 to July 3, 2024. In his presentation, John will touch on the […]
ESSER Program Removed From Higher Risk Designation
AAFCPAs would like to make clients aware that the U.S. Office of Management and Budget (OMB) under the Office of Federal Financial Management released the 2024 OMB Compliance Supplement, removing the Elementary and Secondary School Emergency Relief (ESSER) program from the listing of programs with higher risk designation. Many charter schools have undergone an audit […]
ESOPs May Be the Key to Operating Tax-free in the Cannabis Space
Cannabis operators focus heavily on tax mitigation, employee retention, growth strategies, and profitable exit. A properly structured ESOP is a great tool to accomplish all those goals and more. In a recent webinar, “Cannabis ESOPs – The Industry Game Changer”, AAFCPAs’ David McManus, CPA, CGMA, Tax Partner & National Cannabis Practice Leader and Joshua England, LLM, Esq., […]
AAFCPAs To Present at Illinois Cannabis Convention
AAFCPAs is pleased to announce that Joshua England, LLM, Esq. and David Gravel, CPA, MPAc have been invited to present on “Cannabis Rescheduling: History, Regulatory Hurdles, and Operator Impact Expectations” at NECANN’s Illinois Cannabis Convention & Expo, May 31 – June 1, 2024 in Chicago. This session will delve into cannabis rescheduling, its historical context, […]
CECL Standard To Impact Healthcare Entities
Transactions falling into the scope of CECL include amounts due from Medicaid and Medicare, as well as loan receivables, held-to-maturity debt securities, and loan commitments. AAFCPAs would like to make clients aware that the Financial Accounting Standards Board (FASB) has pronounced a shift in credit loss accounting within ASC 326, which is commonly referred to […]
AAFCPAs Celebrates 2024 National Charter Schools Week
AAFCPAs invites you to join us in celebrating National Charter Schools Week May 12-18, 2024 as we pay tribute to charter schools and the inspirational work they do to prepare students for success. National Charter Schools Week recognizes public charter schools along with their commitment to academic achievement. This year’s National Charter Schools Week focuses […]