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Form 8300 Jan 31 Compliance Reminder, Steps to Take when Missing a TIN

AAFCPAs would like to remind cannabis business clients of their potential January 31, 2020 Form 8300 reporting obligation. If you filed a Form 8300 in 2019, you must furnish a written statement to each person whose name was required to be included in the Form 8300 by January 31 (i.e. the year following the transaction). […]

AAFCPAs’ Cannabis Practice Director to Speak at WBJ 2020 Cannabis Forum

AAFCPAs’ Cannabis Practice Director Kevin Michaelan, CPA, MST will serve on a Cannabis Accounting and Banking panel on Wednesday, January 15th, 2020 hosted by the Worcester Business Journal. In this panel breakout session, Kevin will shed light on recent developments relating to access to banking, including the SAFE Banking Act and current available options in MA. […]

Financial Trends in Behavioral Health Housing

There is no shortage of need for the services provided by AAFCPAs’ Behavioral Health clients who provide residential, clinical, and day services. Commercial businesses facing such opportunities would simply invest in supply to meet demand; however, the health and human services sector faces a myriad of challenges to grow, including capital financing and talent shortfalls. […]

AAFCPAs Promotes Four to Partner to Support Continued Growth

AAFCPAs Promotes Four to Partner to Support Continued Growth

Westborough, MA 1/8/2020 – AAFCPAs is excited to announce the promotion of four additional Partners to our leadership team.  Katie Belanger, CPA, Joshua England, LLM, Esq., Courtney McFarland, CPA, MSA, and Michael Pruell, CPA provide best value assurance, tax & advisory solutions, with outstanding service to AAFCPAs’ growing client base of nonprofit organizations, privately-held commercial […]

Value-Based and Alternative Payment Methodologies Require a New Approach to Data Analysis, Reporting

Since the inception of electronic medical records and practice management systems, healthcare facility finance teams have had an overwhelming amount of data at their disposal that has gone largely underutilized. With the emergence of Accountable Care Organizations (ACOs) and other alternative payment methodologies (APMs), providers have been asked to become more patient-focused, implementing care management […]

AAFCPAs Announces Peer Nominated Team Spirit and Excellence in Client Service Awards

AAFCPAs is pleased to announce the winners of the firm’s annual, peer-nominated Team Spirit and Excellence in Client Service awards, which recognize and reward team members who continuously make an exceptional effort and exemplify AAFCPAs’ core values. Team Spirit At AAFCPAs, we deliver outstanding results for our clients by hiring good people with great talent […]

House Passes Agreement to Repeal Tax on Nonprofit Parking, Transportation Fringe Benefits

House Passes Agreement to Repeal Tax on Nonprofit Parking, Transportation Fringe Benefits

AAFCPAs is excited to share with our nonprofit clients and their dedicated employees, on December 17, 2019, the House of Representatives passed an agreement (cited as the Taxpayer Certainty and Disaster Tax Relief Act of 2019, originally introduced in June 2019), which includes much welcomed provisions to repeal the tax on nonprofit transportation fringe benefits […]

What Happens If I Live a Long Life and Need Long Term Care?

As we enjoy time with our loved ones this holiday season, AAFCPAs Wealth Management encourages readers to proactively explore an important family question: if I live a long life and need long term care, who will provide that care and how will it impact them? Unfortunately, many only consider this financial and emotional burden after […]

Do’s and Dont’s for Cannabis CPAs

Do’s and Dont’s for Cannabis CPAs | Kevin Michaelan, CPA, MST, director of AAFCPAs’ cannabis practice, offers CPA Trendlines insights into some of the technicalities of accounting for cannabis businesses. (subscriber content)