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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.

Grants Available to Healthcare Providers for Promoting Integration of Primary and Behavioral Health Care

Grants Available to Healthcare Providers for Promoting Integration of Primary and Behavioral Health Care

AAFCPAs would like to make clients aware that the Substance Abuse and Mental Health Services Administration (SAMHSA) is accepting applications for Promoting Integration of Primary and Behavioral Health Care Grants totaling up to $110 million over the course of five years.  SAMHSA is accepting applications now, due on or before May 17, 2017 by 11:59 pm Eastern time. How it Works The purpose of this program is to promote full... continue reading

FBAR Filing Now Due April 15, Automatic Relief Available

AAFCPAs would like to remind all taxpayers with an annual FBAR filing requirement to be sure to report their foreign assets by the quickly approaching April 18 filing deadline.  We would also like to share that automatic relief is available.  The IRS and US Treasury recently announced that the Financial Crimes Enforcement Network (FinCEN) will now grant filers missing the April 18 deadline an automatic extension until Oct. 16, 2017 to... continue reading

AAFCPAs to Present Educational Workshop on Fraud Prevention at National Charter Schools Conference in Washington, DC

AAFCPAs has been selected to present an educational workshop on Safeguarding Your Charter School’s Fiscal Operations at the National Charter Schools Conference Annual Meeting in Washington, D.C. on June 11-14. This is a must-attend conference for charter school teachers, leaders, board members and advocates, providing exceptional professional development programming and networking opportunities for over 4,500 charter school professionals from across the country. Is Fraud Preventable? Safeguard Your Charter School’s Fiscal... continue reading

AAFCPAs Advises Healthcare Providers to Position Themselves for Change

We may not be able to fully predict how future changes to the Affordable Care Act (ACA) will affect the healthcare system, but AAFCPAs advises healthcare clients to position themselves for change.  AAFCPAs’ Matt Hutt reflects on last week’s healthcare reform news, and shares insight into what providers may expect: Healthcare providers must position themselves for change, and focus on short and long-term Strategic Planning.  Providers should now: assess the profitability... continue reading

AAFCPAs Wealth Management Invests in Team and Processes in 2016

AAFCPAs Wealth Management Invests in Team and Processes in 2016

AAFCPAs Wealth Management is pleased to share the investments we have made in our team and processes in 2016, designed to enhance your client experience: Carmen Grinkis, PhD, CLTC, CFP® has joined our team as a Senior Wealth Advisor and Director of Wealth Management.  Carmen is a licensed investment adviser, a Certified Financial Planner (CFP), and holds a Certification in Long-Term Care (CLTC).  In addition, Carmen has a PhD in... continue reading

Plan ahead to manage busy season

Plan ahead to manage busy season

Worcester Business Journal  | Carla McCall, CPA, CGMA writes about managing AAFCPAs’ multiple deadlines during the busy season. The Co-Managing Partner shares three key areas to focus on to be sure the team stays on task and energized.

83(b) Election May Be Beneficial for Stock Subject to Vesting

AAFCPAs would like to make clients aware of the 83(b) election, a beneficial tax treatment that may provide significant tax savings.  An 83(b) election may work favorably for you if you have been given restricted property, such as equity.  Under IRS code section 83(b), you are able to convert what would normally be ordinary income for this equity earned for services into capital gain income. Often times a taxpayer may... continue reading

Don’t Let a Generation Gap Derail your Succession Plan

Experience and expertise are two leadership qualities that business owners and CEOs earn after decades of managing through their industry. Baby Boomers who have grown their company and see retirement in the near future may be wary that the next generation – often those of Gen X or the Millennial set – approaches leadership from a different angle.  Handing off their life’s work to a successor can be an emotionally... continue reading

Payroll Tax Credit Available To Start-ups  

AAFCPAs would like to make clients aware of the significant benefits available to small businesses as a result of provisions enacted in the Protecting Americans from Tax Hikes Act of 2015 (“PATH Act”).  The Research Credit may now be applied to offset payroll taxes for start-up businesses. Who do these new provisions of the PATH Act apply to? Historically, innovative small companies were unable to claim the Research Credit if they... continue reading