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.

MA Taxpayers May Expect Refunds of Excess Tax Revenue

MA Taxpayers May Expect Refunds of Excess Tax Revenue

Massachusetts’ State Auditor Suzanne Bump recently announced that Fiscal Year 2022 (FY22) Massachusetts tax revenue collections exceeded the annual tax revenue cap set by Chapter 62F of the Massachusetts General Laws by $2.941 billion. This revenue will be returned to taxpayers in the coming months. In general, eligible taxpayers will receive a credit in the […]

Maryland SaaS Taxability

Maryland SaaS Taxability

AAFCPAs would like to make clients aware of new Maryland sales tax legislation, which effectively narrowed the definition of digital products and changed the sales taxability of Software as a Service (SaaS), effective July 1, 2022. Background In March 2021, Maryland’s Office of the Comptroller issued guidance on digital products and announced that SaaS would […]

What Do You Need To Do Your Best Work?

What Do You Need To Do Your Best Work?

To do your best work, you first must be able to witness and evaluate your thoughts, rhythms and emotions. Self-reflection is important to understanding how you do your best work. I use the term best work, but what I really mean is engaged, happy and productive. Reflective questions to ask yourself include…

ProNovos and AAFCPAs Bring Construction Data Analytics to Contractors in Massachusetts and New Hampshire

ProNovos and AAFCPAs Bring Construction Data Analytics to Contractors in Massachusetts and New Hampshire

Strategic partnership between analytics provider ProNovos and CPA and consulting firm AAFCPAs emphasizes benefits of data-driven approaches to WIP reporting, resource-management and more  ATLANTA and BOSTON (September 15th, 2022) – New England construction contractors have a faster and easier way to benefit from analytics thanks to a new partnership between ProNovos and AAFCPAs. As part […]

Guidance on Lease Standard for Independent Schools

Guidance on Lease Standard for Independent Schools

What Lessees Need To Know In February 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease transactions. Because of the significant changes contained in this ASU, though issued in 2016, the effective date for implementing the new accounting guidance was pushed to fiscal year 2023 for […]

The Most Pressing Data Use Challenges for CFOs

The Most Pressing Data Use Challenges for CFOs

AAFCPAs’ 2021 CFO Survey disclosed results on the most pressing challenges CFOs face in connection to data use. We asked CFOs: What is your primary business or opportunity cost for not leveraging data? Respondents reported the lack of visibility / less informed decision-making due to not leveraging data as being the most challenging for their […]

Growth in AAFCPAs’ Managed Accounting Solutions Practice

Growth in AAFCPAs’ Managed Accounting Solutions Practice

Boston, MA (8/30/2022) – AAFCPAs, a best-in-class CPA and consulting firm known for tax, assurance, accounting, wealth management, business process, and IT advisory solutions, today announced the addition of Anne Mola, CPA, Alvin Rasmus, MBA, and Kimberly Rice. These professionals join the firm’s growing Managed Accounting Solutions Practice, which provides high-quality cloud-based accounting and advisory […]

Watch Now: Time & Effort Requirements

Watch Now: Time & Effort Requirements

Matthew Hutt, CPA, CGMA and Robert Constantino, CPA, MSA provide an overview for FQHCs of the federal and state requirements of time and effort. Speakers covered: Federal and state requirements for time and effort Best practices for tracking and reporting of time and effort Implementation tips for tracking time and effort WATCH THIS WEBINAR ONDEMAND DETAILS […]

What data should Cannabis Operators use to drive decisions?

What data should Cannabis Operators use to drive decisions?

Cannabis Business Executive (August 24th, 2022) – Data and finance are increasingly linked, and cannabis dispensaries that are growing fast – or facing headwinds – should be on the lookout for information that helps them adapt…

AAFCPAs’ Cyber Security Pros on Agenda at Strength Matters Conference

AAFCPAs’ Cyber Security Pros on Agenda at Strength Matters Conference

AAFCPAs’ IT Security Professionals Alex Santiago and Vassilis Kontoglis will share advice on overcoming cyber security challenges of a remote workforce at the Strength Matters Financial Management Conference, September 6-9 in New Orleans. The COVID Pandemic challenged businesses to think about operations in a new way, and in many cases, IT teams were required to […]