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Our Blog acts as a great resource of stored topical information for the AAFCPAs finance community. Please share with us your thoughts on hot topics. Remember to use the search function to benefit from our past shared learnings.

AAFCPAs to Lead Medicare and Medicaid Cost Report Trainings in MA and RI Providing Coveted Guidance

AAFCPAs to Lead Medicare and Medicaid Cost Report Trainings in MA and RI Providing Coveted Guidance

AAFCPAs’ Matt Hutt, CPA, CGMA and Courtney McFarland, CPA, MSA, in collaboration with the Massachusetts League of Community Health Centers (The League) and the Rhode Island Health Center Association (RIHCA), will again present Medicare and Medicaid Cost Report Training sessions for MA and RI community health centers. Medicare and Medicaid Cost Report Training, for Members of the RIHCA When: September 28th | 9:00am – 1:00pm Where: Thundermist Health Center | West Warwick, RI Matt... continue reading

Denials Management: Best Practices in Improving Revenue Cycle Processes & Monitoring Third-Party Payer Denials

The complexities surrounding third-party revenue cycle management, patient eligibility, and systems capabilities to support process design changes continue to increase, as do third-party claim denials across virtually all payers. Denials can affect the bottom line of healthcare organizations, leading to lost revenue and productivity; however, in many cases, denials are preventable. In order to prevent denials, it is critical that healthcare organizations develop & implement an effective denials management process, including:... continue reading

Massachusetts Clarification of Due Date Change for Extended C Corporation Tax Returns

AAFCPAs would like to make clients aware that, effective for years ending on December 31, 2016, the IRS changed the due date for filing calendar year C corporation returns from 3/15 to 4/15 (or the 15th day of the fourth month following the close of the corporation’s fiscal year).  Although states have subsequently adjusted their rules and procedures to accommodate the Federal change, the process was more difficult for Massachusetts, as the... continue reading

AAFCPAs Guidance in Response to Equifax Data Breach

As you may be aware, Equifax, one of the United States’ three major consumer credit reporting agencies has been breached, and personal information of approximately 143 million Americans has been compromised. Information, including: names, social security numbers, birth dates, addresses and driver’s licenses, stored in Equifax’s databases have been stolen. Additionally, credit card numbers for about 209,000 people were exposed, as was “personal identifying information” on roughly 182,000 customers involved... continue reading

AAFCPAs Relocates its Headquarters To Support Company Growth

AAFCPAs Relocates its Headquarters To Support Company Growth

Westborough, Mass. (September 5, 2017) | AAFCPAs, a best-in-class CPA and consulting firm known for assurance, tax, accounting, wealth management, valuation, and business and IT advisory solutions, announced today it moved its headquarters to a larger office space located at 50 Washington Street in Westborough, MA. The new space is approximately 19,000 square feet, 5,000 square feet larger than its current headquarters. The new space accommodates the firm’s recent growth and... continue reading

Hurricane Harvey Creates Opportunities for Cyber Criminals

AAFCPAs would like to make clients aware of a recent alert issued by the US Department of Homeland Security warning citizens about the possible emergence of malicious cyber activity by those seeking to capitalize on interest from Hurricane Harvey. AAFCPAs reminds readers to follow some basic guidelines: Keep your antivirus, malware and other computer software up-to-date. Use caution opening emails, and pay close attention to the sender’s name and address.... continue reading

Medicinal and Recreational Cannabis Business Roundtable: What You Need to Know

Medicinal and Recreational Cannabis Business Roundtable: What You Need to Know

David McManus, CPA, CGMA, AAFCPAs’ Co-Managing Partner, and Mike Ross, Co-Chair of Prince Lobel’s Cannabis team will lead an interactive roundtable discussion, scheduled for September 28th, on the interpretation and implementation of Massachusetts’ new marijuana statute. Participants include experts in tax, nonprofits, licensing, raising equity, municipal permits and zoning.  Massachusetts regulators and law makers have also been invited. When September 28, 2017 5:30pm – 7:30pm Where Prince Lobel Tye LLP... continue reading

AAFCPAs Announces Expansion with New Office Space to Support Firm Growth

AAFCPAs Announces Expansion with New Office Space to Support Firm Growth

Westborough, MA (August 28, 2017) – AAFCPAs, a best-in-class public accounting firm, today announced their move to a new corporate headquarters location, effective 9/5/17, with larger office space to accommodate current and future growth needs with collaborative, technology-rich, and inspiring work space.  The new office space is located at 50 Washington Street in Westborough, MA, and will provide capacity for increased client support in the areas of assurance, tax, wealth management, accounting, valuation,... continue reading

Cyber Security: Keep Your Online Accounts Safe

Cyber fraud continues to escalate and evolve, and security requires vigilance. We would like to remind you that your entire organization must learn and adapt over time. AAFCPAs Wealth Management, an affiliate of AAFCPAs, has provided a summary of some of the threats of significant concern in 2017 used to steal identity and login credentials. After gaining access to an investor’s personal information, criminals can use it to commit various types of... continue reading

AAFCPAs Celebrates National Health Center Week

This week, August 13-19, 2017, is National Health Center Week, and AAFCPAs invites you to join us in celebrating the great work and significant impact of these consumer-driven and patient-centered organizations! Did you know? Health Centers are proudly celebrating over 50 years of service. One in every fifteen people living in the United States depends on health center services. Over 25 million patients served…some of the nation’s most vulnerable: Over... continue reading