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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.

High-Profile Charter School Fraud: Lessons Learned

As you may now be aware, the Charter School community was shocked by recent news that Democracy Prep founder Seth Andrew was charged with stealing school funds. Andrew is a key figure in the rise of charter schools in New York and he went on to work as an education adviser to the Obama administration. […]

Consulting CFOs Edward Spies & John Valentine Join AAFCPAs’ Growing Managed Accounting Solutions Practice

Consulting CFOs Edward Spies & John Valentine Join AAFCPAs’ Growing Managed Accounting Solutions Practice

Boston, MA (May 11th, 2021) – 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 CFOs Edward Spies and John Valentine. Ed and John join AAFCPAs’ growing Managed Accounting Solutions (MAS) Practice, which provides high-quality, cost-effective, cloud-based outsourced […]

AAFCPAs to Present Wealth Migration Strategies

Joshua England, LLM, Esq., Partner and Tax Consulting Attorney at AAFCPAs, will contribute his tax expertise in a Webinar on May 27th, sharing key considerations when moving personal or business assets to another jurisdiction. Many high-profile CEOs have moved their businesses for financial incentives. In this interactive panel discussion, Josh and a panel of financial […]

Cyber Health Check: Social Engineering Preparedness

Cyber Health Check: Social Engineering Preparedness

The human component of cyber security is the weakest link in protecting your organization against external threats. Recently, social engineering attacks have become the most prevalent type of threat within reported cyber breaches. Social engineering is a malicious activity in which bad actors produce items such as false emails with the intent to persuade the […]

IRS Offers Safe Harbor for Claiming PPP Loan Deductions

AAFCPAs would like to make clients aware that the IRS has recently released a revenue procedure (Rev. Proc. 2021-20) that provides a safe harbor for certain businesses claiming Paycheck Protection Program (PPP) loan deductions. The Rev Proc is applicable for taxpayers that received a PPP loan but did not deduct certain otherwise deductible expenses paid […]

AAFCPAs’ 2020 Impact Report

AAFCPAs is pleased to introduce and share our inaugural Impact Report, which outlines the firm’s 2020 actions and 2021 goals as it relates to AAFCPAs’ Social Purpose: We believe business is the conduit for social change! We want to improve the world. We aspire to do so with our actions, which speak louder than words. […]

How to Repay Deferred Payroll Taxes

To give businesses a needed temporary financial boost, the Coronavirus, Aid, Relief and Economic Security (CARES) Act, signed by the President in March 2020, allowed employers (ER) to defer payment of the employer’s (ER) share of Social Security tax. In addition, IRS Notice 2020-65, issued in August 2020, allowed employers (ER) to defer withholding and payment of the employee’s (EE) […]

AAFCPAs to Present FEI-Boston’s 2021 Ethics Symposium

Ethics Symposium: Crisis, Burnout, and the Effect on Ethics – How has COVID Infected Your Ethics? AAFCPAs’ Jeffrey Mead, CPA, CGMA and Olga Yasinnik, MBA, CPA will again lead FEI-Boston’s annual 4-hour Ethics Symposium, May 13th, with a focus this year on Crisis, Burnout, and the Effect on Ethics. Jeff and Olga will be joined at this virtual educational […]

Where Do We Go From Here?

Where Do We Go From Here?

COVID-19 has impacted our lives and businesses in ways that none of us have experienced before. Nonprofits are reacting to challenges & opportunities that continue to evolve rapidly. Nonprofit CEOs & CFOs Want to Know: What does our “new normal” look like? What aspects of remote work and programming will we keep when we “return” […]

AAFCPAs’ Partner Dan Stanhope Awarded CFMA 40 Under Forty

AAFCPAs’ Partner Dan Stanhope Awarded CFMA 40 Under Forty

AAFCPAs (Westborough, Waltham, Wellesley, Boston, MA) is pleased to announce that Partner Daniel Stanhope, MSA, CCIFP, CPA was selected for the Construction Financial Management Association’s (CFMA) first 40 Under 40 Awards. These distinguished awards recognize the next generation of construction financial management leaders who are rising stars, positively impacting the construction industry and their companies. […]