Print Friendly, PDF & Email

Blog

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.

AAFCPAs Adds Tax Expertise to Support Continued Client Growth

AAFCPAs Adds Tax Expertise to Support Continued Client Growth

AAFCPAs Adds Tax Expertise to Support Continued Client Growth

AAFCPAs is pleased to announce the addition of tax advisor Luis D. Kelly, MST, CPA to support the firm’s continued growth in our thriving Tax Practice for privately-held businesses. Luis combines deep sector insights with proven, innovative tax strategies to ensure the firm’s emerging and growth-stage clients are fully compliant, while balancing U.S. tax considerations with their worldwide tax optimization strategies. Luis provides forward-looking strategic advice to ensure businesses and their owners... continue reading

AAFCPAs to Present Workshop on Internal Controls & IT Countermeasures to Mitigate Risks

AAFCPAs’ Vassilis Kontoglis and David Kelleher will present an educational workshop on Best Practices in Internal Controls and IT Security to assist in mitigating risk at The Massachusetts Association of Early Education & Care (MADCA) Administration and Management Conference, in Worcester, MA on November 28th. Risk Management requires continuous improvement, and organizations must stay vigilant, and learn & adapt over time. In this interactive session, AAFCPAs will highlight critical risk... continue reading

AAFCPAs Cultivates Lush Giving Tree Again for #GivingTuesday

AAFCPAs Cultivates Lush Giving Tree Again for #GivingTuesday

We are happy to announce that AAFCPAs will again participate in #GivingTuesday, November 27th, 2018, a global day dedicated to giving! Celebrated on the Tuesday following Thanksgiving, #GivingTuesday provides a shift in focus from the widely promoted shopping events of Black Friday and Cyber Monday to the charitable giving season that comes with the holidays, AND the year-end deadline for charitable tax deductions. AAFCPAs is committed to maintaining our culture... continue reading

AAFCPAs Donates to Khadijah Medical Clinic

AAFCPAs Donates to Khadijah Medical Clinic

At AAFCPAs, we donate 10% of our net income annually back to nonprofits in an effort to use the power of business as a force for good. Recently, AAFCPAs as well as several individual team members donated to Khadijah Medical Clinic in Liberia, a small West-African country in recovery from civil war. This will be the first and only medical facility built in and around this remote part of Liberia,... continue reading

AAFCPAs Welcomes Consulting CFO Scott Posnick to Support Steady Growth of Managed Accounting Solutions Practice

AAFCPAs Welcomes Consulting CFO Scott Posnick to Support Steady Growth of Managed Accounting Solutions Practice

Boston, MA (November 11, 2018) – AAFCPAs, a best-in-class CPA and consulting firm known for assurance, tax, accounting, wealth management, valuation, business process, and IT advisory solutions, today announced the addition of Consulting CFO, Scott Posnick, CMA. Scott joins AAFCPAs’ growing Managed Accounting Solutions (MAS) Practice, which provides high-quality, cost-effective, cloud-based accounting and CFO solutions. He is a senior executive-level member of the Practice’s multi-functional team providing outsourced CFO oversight and strategic... continue reading

FASB Issues ASU 2018-17: Targeted Improvements to Related Party Guidance for Variable Interest Entities

AAFCPAs would like to make clients aware that the Financial Accounting Standards Board (FASB) on October 31, 2018, issued an Accounting Standards Update (ASU) that reduces the cost and complexity of financial reporting associated with consolidation of variable interest entities (VIEs). A VIE is an organization in which consolidation is not based on a majority of voting rights. The new guidance, based on recommendations from the Private Company Council (PCC),... continue reading

Carla McCall Awarded Outstanding Women in Business 2018

AAFCPAs is honored to announce that our firm’s Co-Managing Partner Carla McCall, CPA, CGMA was selected for the Worcester Business Journal’s (WBJ) 10th Annual Outstanding Women in Business awards. These distinguished awards recognize the achievements of strong, talented and remarkable women who are making their mark on the Central Massachusetts business community. “Carla’s dynamic executive leadership, confidence, enthusiasm to embrace change, and new ways of solving old problems is contagious and... continue reading

AAFCPAs Launches Innovative Advanced Degree Programs to Support Rising CPA Talent

AAFCPAs Launches Innovative Advanced Degree Programs to Support Rising CPA Talent

Boston, MA (October 30, 2018) – AAFCPAs, a best-in-class CPA and consulting firm known for assurance, tax, accounting, wealth management, valuation, business process, and IT advisory solutions, today announced it has partnered with Nichols College Graduate & Professional Studies to provide tailored programs for CPA licensing and MBA degrees. The initiative is part of the firm’s ongoing commitment to attract the best accounting talent in the industry. The program will... continue reading

Outstanding Women in Business 2018: McCall helped grow accounting firm 50%

Outstanding Women in Business 2018: McCall helped grow accounting firm 50%

Worcester Business Journal | In 2011, Carla McCall became the co-managing partner of AAFCPAs, the ninth largest certified public accounting firm in New England. By 2016, she had been named chairwoman of the Massachusetts Society of CPAs, the state’s premier professional association consisting of more than 12,000 accountants. McCall has always been an avid supporter of female leadership. She recognizes the difficulty in balancing one’s career with a family, but... continue reading

2018 Year-End Tax Planning for Privately-Held Companies (Part 2) Webinar OnDemand

2018 Year-End Tax Planning for Privately-Held Companies (Part 2) Webinar OnDemand

In 2018, tax planning is more complicated than usual. Most provisions of the massive Tax Cuts and Jobs Act (TCJA) go into effect this year, and as a result you likely will need to change at least some of your tax planning strategies. In this Webinar, recorded live on October 23rd, 2018, AAFCPAs Richard Weiner, CPA, MST, Julie Chevalier, CPA, David Gravel, CPA, and David Consigli, Jr., CPA, ABV, CPVA, CDFA, provide business owners, executives,... continue reading