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Browse AAFCPAs’ Most Recent Blogs
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 […]
How IT Controls Keep Your Systems and Data Safe - During AAFCPAs’ recent webinar, Understanding Your ITGCs: Why They Matter and How to Strengthen Them (November 2025), Lisa Whittemore, CFE, CRMA, MBA and Vassilis Kontoglis presented a practical framework for assessing, strengthening, and monitoring IT general controls to protect data, ensure operational continuity, and support regulatory compliance. A single misstep in IT General Controls (ITGCs) […]
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, […]
Start Small to Scale Smart with Automation - The idea of automation often arrives with fanfare—promises of transformation, efficiency, and sweeping change. But for many organizations, especially those already stretched thin, the prospect of overhauling core business processes may feel impractical. Automation does not have to begin with large-scale disruption. A focused, manageable start often leads to more effective outcomes. Starting with one […]
AAFCPAs Presenting Tax and Accounting Year End Update at FEI NY-CT - AAFCPAs is proud to participate in the Connecticut/Westchester chapter of Financial Executives International’s (FEI’s) Year End Annual Tax and Accounting Update and Networking Social and Dinner, a gathering that offers fresh insight and meaningful connection as finance leaders prepare for the close of the year. The program offers two CPE credits through focused tax and […]
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 […]
AICPA and CIMA Honors Audit Transformation Leader Sarah Flischel As 2025 Global Women To Watch Honoree - AAFCPAs congratulates Sarah Flischel, CPA, Director of Audit Transformation & Training, on being named a 2025 Global Women to Watch honoree by American Institute of CPAs (AICPA) and Chartered Institute of Management Accountants (CIMA) in the Emerging Leaders category. This global recognition celebrates women who are redefining excellence in accounting through innovation, leadership, and impact. […]
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 […]
NY Domicile Ruling: Lessons from Hoff for Residency and Tax Planning - New York’s Tax Appeals Tribunal recently sustained a domicile assessment in Hoff v. New York Tax Appeals Tribunal, finding that the taxpayers remained New York domiciliaries for 2018 and 2019. While this decision comes out of New York, the scrutiny outlined in detail below is not unique. Many states apply similarly rigorous analyses when evaluating […]Multifaceted Energy Resource Company Embarks on Financial Software Overhaul
Read how AAFCPAs’ Business Process & IT Consulting Practice assessed financial operations, conducted in-depth research, identified areas for improvement, and presented a range of solutions. By working with AAFCPAs, the company saved extensive time, gained expert counsel, obtained the insight needed to choose one system that delivers exactly what they need, and eliminated the need for additional personnel.