Blog
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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 […]
David Gravel on SumNews Spring 2025
Our Cannabis Committee meets quarterly to discuss legal and technical changes and accounting policies that impact the cannabis and hemp industries. We spoke with the committee’s new co-chair David Gravel, CPA, MPAc, tax director at AAFCPAs, about his decision to lead, his vision for the committee and key industry trends. What inspired you to take […]
Sarah Flischel Named to COCPA Educational Foundation Board of Trustees
AAFCPAs is pleased to announce that Sarah Flischel, CPA, Director of Audit Transformation & Training has been nominated to serve a three-year term on the Colorado Society of CPAs (COCPA) Educational Foundation Board of Trustees beginning May 1, 2025. Sarah is dedicated to advancing the profession through innovation and education. At AAFCPAs, she leads the […]
New HHS Grant Terms May Affect DEI and Foreign Boycott Policies
AAFCPAs would like to make clients aware of new conditions in the Department of Health and Human Services (HHS) Grants Policy Statement (GPS), which was updated for the first time since 2007. The revised guidance, published on April 16, 2025, outlines new restrictions tied to Diversity, Equity, and Inclusion (DEI) activities and foreign boycotts that […]
Seminar Recap: Navigating EOs: What Nonprofits Need to Know
Navigating Executive Orders: What Nonprofits Need to Know | Webinar OnDemand During AAFCPAs’ recent Nonprofit Seminar (April 2025), AAFCPAs’ consulting attorneys Joshua England and Chris Consoletti presented practical guidance on how executive orders may affect nonprofit operations to more than 550 attendees. A reality for many nonprofits is that they are already attempting to navigate […]
CHIA Sets June 24 Filing Deadline for CHC Cost Report
AAFCPAs advises that Massachusetts-based Community Health Centers (CHCs) begin preparing now for the fiscal year 2024 Community Health Center Cost Report. The Center for Health Information and Analysis (CHIA) has announced a due date of June 24, 2025 for all CHCs, regardless of fiscal year-end. AAFCPAs advises that you not delay. Our Cost Report Team […]
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. […]