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Our Blog acts as a great resource of topical information for the finance community. Use the search function to find specific topics or browse our categories to benefit from our past shared learnings.

2020 Cyber Crime, Cyber Security Awareness Month

In recognition of National Cyber Security Awareness Month and to foster client awareness of cyber hazards, AAFCPAs’ IT Security professionals have outlined cybersecurity risks and mitigation strategies applicable to 2020 current events. COVID-19 has changed business operations resulting in increased IT security risks, especially risks from the abrupt shift to support remote work. Even when […]

AAFCPAs’ New Remittance Address

AAFCPAs would like to make clients aware that we have opened a lockbox service with People’s United Bank to streamline the processing of client payments. In order to ensure the highest level of service to all clients, we are kindly asking that you please update your records to reflect our new remittance address and send […]

AAFCPAs Explains Descriptive, Predictive, Prescriptive, and Compliance Data Analytics

Key Business Questions (KBQs) are questions that establish a framework for an organization looking to gain insights produced by analytics. They are central to understanding the past and overall strategy you are deploying or considering deploying in the future. AAFCPAs assists clients in defining and prioritizing high-value KBQs in order to bridge the divide between […]

AAFCPAs Releases 2020-2021 Tax Planning Guide for Businesses & Individuals

In 2020, tax planning is more complicated than usual. We now have a full view of the impact of United States’ massive 2017 Tax Cuts and Jobs Act (TCJA) and the 2019 Further Consolidated Appropriations Act on clients’ short and longer-term tax planning strategies. We must now evaluate these Acts in tandem with the $2.2 […]

Did Your Accounting Department Thrive While Remote?

Many finance departments were put to the test when forced to transition to a remote workforce in response to the Coronavirus pandemic. Those that had already moved processes and systems to the cloud were able to adapt quickly. Those that outsourced their finance function to AAFCPAs’ Managed Accounting Solutions (MAS) group did not skip a […]

Chapter 257 Salary Report Due by November 13th

AAFCPAs reminds human & social services provider clients that the Executive Office of Health and Human Services (EOHHS) Chapter 257 Salary Report for FY 2019 – FY 2021 is due by November 13th. This report is required by Chapter 257 which provides that social service program providers report salary information to EOHHS in the following […]

2020 Tax Planning Webinars: Tax Planning Guidance for Businesses and Individuals

2020 Tax Planning Webinars: Tax Planning Guidance for Businesses and Individuals

In 2020, tax planning is more complicated than usual. It may be daunting to understand what to withhold, or not withhold; where to file or not file; where to retire or not retire; or where to expand or not expand. AAFCPAs is pleased to present a timely, 2-Part Webinar Series to provide guidance on issues […]

HHS Announces $20 Billion in New Phase 3 Provider Relief Funding

On October 1, 2020, the U.S. Department of Health and Human Services (HHS), through the Health Resources and Services Administration (HRSA), announced $20 billion in new funding for providers on the frontlines of the Coronavirus pandemic. Under this Phase 3 General Distribution allocation, providers that have already received Provider Relief Fund (PRF) payments will be […]

Enter AAFCPAs’ Drawing to Attend the BBJ’s 2020 CFO of the Year Awards 10/28

AAFCPAs is pleased to again SPONSOR the Boston Business Journal’s (BBJ) 12th Annual CFO of the Year Awards virtual luncheon, October 28th, and we would love to have you join us as our guest for this memorable lunchtime reception. We are holding a random drawing to reward FIVE lucky AAFCPAs clients with complimentary tickets to the […]

AAFCPAs Shares Expertise at Providers’ Council Annual Conference

AAFCPAs will present a virtual educational workshop titled Where Do We Go From Here? Planning for an Uncertain Future Moving Forward From COVID-19 at the Providers’ Council 45th Annual Convention & Expo on Thursday, October 29 from 1PM – 2:30PM. Where Do We Go From Here? Planning for an Uncertain Future Moving Forward From COVID-19 COVID-19 […]