Blog
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How Ethical Hacking Strengthens Cybersecurity and Prevents Data Breach
Would you or your IT team recognize the signs if one or more of your systems had been breached? How much sensitive data could they access prior to detection? How long would your operations be disrupted were an attack to lock you out? Cyber-attacks are a constant risk that affect organizations across industries, and the […]
Human-First Culture Takes Center Stage in National Accounting Conversation
The Connecticut Society of CPAs recently featured Carla McCall, CPA, CGMA, Managing Partner at AAFCPAs and Immediate Past AICPA Chair, on the cover of Connecticut CPA magazine, spotlighting her leadership on issues shaping the future of the profession. In the feature, Embracing a Human-First Culture: The Key to the Future of Accounting, Carla calls for […]
HHS Rule Change May Affect Health Center Revenue and Patient Access
A new interpretation by the U.S. Department of Health and Human Services (HHS) could restrict access to federally funded programs—including the Health Center Program—for individuals without lawful immigration status. The move rescinds a 1998 interpretation of the Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA) and reclassifies several programs, including community health centers, as “Federal […]
AAF Wealth Management Q2 2025 Market Insights
In an ongoing commitment to keep you abreast on a range of issues that might affect your business and personal finances, AAFCPAs is pleased to share Q2 2025 Market Insights published by AAF Wealth Management, part of the AAFCPAs family of companies. This provides investors with an understanding of what’s driven performance of late. With […]
Positioning for Profitability: Smarter Compliance and Tax Strategies in Cannabis
The cannabis industry continues to evolve, bringing both opportunities and complexities. As state-level legalization expands, multi-state operators must navigate a patchwork of regulations, each with its own compliance demands. Federal prohibition only compounds these challenges, driving up tax burdens, tightening financial constraints, and adding layers of regulatory uncertainty. For cannabis operators and investors, staying ahead […]
Congress Passes Sweeping Tax and Spending Law with Broad Implications for Individuals and Businesses
Congress has passed a sweeping new law that permanently extends and expands key tax provisions, reshapes health and social program eligibility, and revises spending across defense, energy, and federal benefits programs. While many provisions take effect immediately, others will phase in or expire over time. AAFCPAs is analyzing the full scope of the law to […]
Court Upholds Massachusetts Tax on Business Gain After Owner Relocates
In this article: The Massachusetts Appeals Court recently ruled that a tech founder’s $4.7 million stock sale could be subject to state income tax, despite his move out of state. Craig Welch, who co-founded AcadiaSoft, Inc. in 2003, initially held a 50-50 ownership split with one partner, though his interest was diluted over time as […]
AAFCPAs Launches New Early Career Advisory Committee to Advance Innovation
AAFCPAs has launched a new internal advisory group designed to bring forward ideas and perspectives from the next generation of insight-driven CPA and advisory professionals. Called the Early Professional Insights Committee (EPIC), the group gives a voice to team members at the staff through senior levels, empowering them to examine processes, recommend improvements, and contribute […]
IRS to End Paper Checks in 2025
Beginning in September 2025, the federal government will phase out paper checks to the Internal Revenue Service (IRS), ending a long chapter in the way Americans exchange money with the agency. Under a sweeping mandate issued by the U.S. Treasury, all federal disbursements including tax refunds must be paid electronically, and paper refund checks will […]