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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.

AAF Wealth Management Quarterly Update

2021 was a year of big expectations, big headlines, and even bigger returns in the world’s financial markets. With hopes of putting pandemic lockdowns in our past, 2021 looked capable of ushering in a new era. There were no shortages of headlines to divert our attention away from the economy. From political changes, to headlines […]

Venmo, PayPal, Zelle must report $600+ in transactions to IRS

AAFCPAs would like to make clients aware that as of 1/1/2022 the IRS has changed the threshold on the reporting requirement for Form 1099-K, Payment Card and Third-Party Network Transactions. This will specifically affect: anyone who receives digital payment for services or goods; anyone who accepts payments via credit card or third-party network. Any individual […]

2021 Round-up: AAFCPAs’ Top 7 Most-Read Content

How can we do more with less? Over the past year, AAFCPAs published a wide array of alerts & insights that explore topics ranging from compliance, to productivity & business intelligence, to data security. In this end-of-year roundup, we share key insights and trends from our most-read content of 2021: Tax Planning Guides for Businesses […]

Business Process, IT Security Professionals Join AAFCPAs’ Consulting Practice

Boston, MA (01/04/22) – AAFCPAs, a best-in-class CPA and consulting firm known for assurance, tax, accounting, wealth management, business process, and IT advisory solutions, today announced the addition of Sandra Simonsen, CISA, Yashoda Sookraj, and Alex Santiago. These talented professionals join the firm’s growing Business Process & IT Consulting practice, which provides business intelligence & […]

Forbes: AAFCPAs Among America’s Best Tax And Accounting Firms

Forbes: AAFCPAs Among America’s Best Tax And Accounting Firms

Forbes (12.2.21) – AAFCPAs (Westborough, Boston, Waltham, MA) is Among America’s Best Tax And Accounting Firms! Forbes partnered with market research company Statista to create a list of the most recommended firms for tax and accounting services in the U.S. based on surveys of tax and accounting professionals and their clients. Approximately 4,400 recommendations were […]

Diamond, Doiron Join AAFCPAs’ Assurance Team

Boston, MA (12/22/21) – AAFCPAs, a best-in-class CPA and consulting firm known for assurance, tax, accounting, wealth management, business process, and IT advisory solutions, today announced the addition of Aaron Diamond, CPA and Gerry Doiron, MSA, CPA, Managers in the firm’s growing Commercial Assurance practice. Aaron Diamond, CPA and Gerry Doiron, MSA, CPA (L-R) Aaron […]

IRS Clarifies 4% Floor Ruling for LIHTC

AAFCPAs would like to make clients who engage in Affordable Housing projects aware of recent IRS Revenue Rulings 2021-20 and 2021-43, which aims to clarify the eligibility of Low-Income Housing Tax Credit (LIHTC) projects to qualify for the new 4% floor ruling.  The IRS has published three situations listed below: Situation 1 A project is […]

AAFCPAs Launches Flexible Work Arrangements Policy for Staff

AAFCPAs recently launched a Work from Anywhere model, which allows our 270+ member team the flexibility to customize how, when, and where they work, as long as the individual’s plan accounts for excellence in client service! “Covid has certainly offered life-changing experiences for us all,” said Carla McCall, the firm’s Managing Partner.  “At AAFCPAs, we […]