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Browse AAFCPAs’ Most Recent Blogs
Updates: Beneficial Ownership Information (BOI) Reporting Requirements - The Corporate Transparency Act (CTA) introduced significant changes to reporting requirements for millions of small businesses, with the aim of combating money laundering and enhancing transparency. However, ongoing legal challenges have created uncertainty regarding compliance deadlines and enforcement. AAFCPAs is following developments closely and will share updates as appropriate. The following aims to provide the […]
Protect Your SS Information from Fraud - AAFCPAs would like to make clients aware there have been reported incidents of identity theft involving Social Security Administration (SSA) accounts. These incidents highlight the importance of setting up SSA login credentials, enabling email notifications, and regularly monitoring your account for any suspicious activity. There have been reports of unauthorized changes to SSA account information, […]
Ryan Wolff to Present on Innovation Strategy and Technology Adoption at CwX 2025 - AAFCPAs will be featured at CwX 2025, where Ryan Wolff, MBA, a leader of Strategic Innovation & Data Analytics, has been invited to join a panel focused on advancing firmwide technology adoption. Hosted by Rob Brown, co-founder of the Accounting Influencers Roundtable, the session brings together leaders who are driving change in how firms adopt and […]
Embracing a Human-First Culture: The Key to the Future of Accounting - Redefining the Value and Sustainability of Profession The accounting profession is at a crossroads, facing pivotal moment in which it must redefine its value and sustainability to remain relevant in an ever-evolving business landscape. One of my key platforms as AICPA chair is focused on this very issue, emphasizing the need to rethink how the […]
New GASB Standards Affect Leave Accounting and Risk Disclosures - Governmental and quasi-governmental organizations, including charter schools, should begin preparing for two new standards issued by the Governmental Accounting Standards Board—GASB 101 and GASB 102. These statements, effective for fiscal year 2025 audits, introduce changes to how compensated absences are recorded and how certain risks must be disclosed. GASB 101: Compensated Absences GASB Statement No. […]
AAFCPAs’ Rich Weiner to Present on M&A Deal Strategy: Pre-Transaction Planning to Post-Closing Integration – MCLE Webcast May 8, 2025 - AAFCPAs’ Richard Weiner, CPA, MST, CM&AA, Tax Partner has been invited to speak at a live webcast—Counseling Clients Through an M&A Deal: Pre-transaction considerations to post-transaction integration—hosted by MCLE New England. During this program, Rich will offer guidance for legal counsel and all other members of a deal team, such as M&A attorneys, brokers/investment bankers, […]
Reframing AI and the Evolution of the CPA’s Role - Colorado Society of CPAs- Artificial intelligence (AI) has garnered significant attention in the accounting profession in recent years. To better understand its potential impact, it is useful to reflect on lessonsfrom past technical advancements in the field. With this foundation, we can shift ourfocus to how AI can reshape current practices and the practical steps […]
Flood Shares Leadership Insights at San Diego Firm Growth Forum - AAFCPAs’ Destiny J. Flood, CPA, Commercial Partner, Outsourced Accounting & Fractional CFO will be joining a panel discussion on the evolving role of CPA firm partners at Accounting Today’s Firm Growth Forum. This session, Next-Gen Perspectives: Insights from Newly Minted Partners, will highlight the journeys of new partners, their motivations for leadership, and how they […]
HRSA Cancels 2025 UDS+ Reporting Requirement - AAFCPAs would like to make clients aware that the Health Resources and Services Administration (HRSA) announced health centers will not need to submit the UDS+ report for the 2024 reporting year, originally due May 30, 2025. This update was shared during HRSA’s BPHC Program Updates webinar this week and confirmed in the Primary Health Care […]
How to Make Inventory Decisions That Drive Profit - Challenges to Profitability in the Cannabis Industry Profitability in the cannabis industry is challenging due to a combination of regulatory hurdles, banking restrictions, high tax rates, intense market competition, and cash flow management issues. The complex regulatory environment increases compliance costs, while federal laws limit access to traditional banking resources. Additionally, IRS Code Section 280E […]
Avoiding Costly Mistakes in Software Implementation - The Key to Successful Software Implementation is Careful Planning Implementing new software offers more than just a chance to update systems; it’s an opportunity to refine how your organization operates. While the drive to launch quickly may seem appealing, rushing the process can lead to missed opportunities, inefficiencies, and even long-term complications. A deliberate and […]