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MA UFR Extensions Must Be Submitted On the OSD website

AAFCPAs would like to make Human & Social Services clients aware that effective June 30, 2022, the Massachusetts Operational Services Division (OSD) will no longer accept extension requests for the submission of the UFR, MAB allocation requests and waiver requests through the UFR eFiling system.  All requests must be submitted using OSD’s web-based system which […]

GASB Subscription Accounting Standard

GASB Subscription Accounting Standard

Governmental Accounting Standards Board (GASB) Statement No. 96, Subscription Based Information Technology Arrangements, applies to entities following government accounting rules, including AAFCPAs’ clients in the Charter School industry, as well as other quasi-governmental organizations.  This guidance applies to subscription-based technology arrangements (SBITAs), defined as a contract that conveys control of the right to use another party’s […]

GASB Lease Accounting Standard

As a reminder, Governmental Accounting Standards Board (GASB) Statement No. 87, Leases, applies to entities following government accounting rules, including AAFCPAs’ clients in the Charter School industry, as well as other quasi-governmental organizations. This guidance applies to most leases with a term of over 12 months. These leases will now be recognized on the statement […]

Important Changes To Vermont Corporate Income Tax

Important Changes To Vermont Corporate Income Tax

AAFCPAs would like to make clients aware, if you are subject to Vermont’s corporate income tax, there are several significant changes instituted pursuant to S.B 53, an act relating to changes to Vermont corporate income tax and conformity to federal tax laws, which will be effective for tax years beginning on or after January 1, […]

Enter AAFCPAs’ Drawing to Attend the BBJ’s 2022 CFO of the Year Awards

AAFCPAs is pleased to again sponsor the Boston Business Journal’s 14th annual CFO of the Year Awards program, and we would love to have you join us as our guest for this memorable in-person lunchtime reception. This event will honor the best in local finance, including AAFCPAs’ client Liz Chaves, Chief Financial and Administrative Officer […]

Growth in AAFCPAs Business Process & IT Consulting Practice

Growth in AAFCPAs Business Process & IT Consulting Practice

Boston, MA (06/21/2022) – 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 Noelle Berger, Stuart Karas, and Jordan Shaw. These professionals join the firm’s growing Business Process & IT Consulting Practice, which provides business intelligence & productivity, information […]

New Colorado Retail Delivery Fee

New Colorado Retail Delivery Fee

AAFCPAs would like to make clients aware, if you sell tangible property to customers located in Colorado, there is an important change coming that could significantly affect the amount of tax you need to collect from your customers. Effective July 1, 2022, the Colorado Department of Revenue will be instituting a new Retail Delivery Fee […]

Live Webinar: Reassess Employee Retention Credit Eligibility

Businesses & Charities across the Country are Failing to Take Advantage of the ERC! “The IRS management anticipated that approximately 70%-80% of small and medium businesses (as well as tens of thousands of charities) were good candidates for taking the ERC,” according to Forbes.com. “The reality is, to date the actual numbers of businesses and […]

Carla McCall, Most Powerful Women in Accounting 2022

Carla McCall, Most Powerful Women in Accounting 2022

Boston, MA (June 9, 2022) – AAFCPAs today announced that Carla McCall, CPA, CGMA, Managing Partner, was named one of 2022’s Most Powerful Women in the Accounting Profession for the second time by the American Institute of CPAs (AICPA) and CPA Practice Advisor magazine. The annual award recognizes 25 women leaders who are a driving force […]