2023
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09.28
IRS Offers Relief to Taxpayers Affected by Hurricane Lee
AAFCPAs and AAF Wealth Management would like to make clients aware that the IRS has offered tax relief for businesses and individuals affected by Hurricane Lee. Taxpayers in all 16 counties in Maine and all 14 counties in Massachusetts automatically qualify for relief as part of a coordinated federal response. Affected taxpayers now have until […]
2023
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09.27
From the Desk of Kevin Hodson
On the Desk The Federal Reserve just concluded their most recent Federal Open Market Committee (FOMC) meeting on 9/20. In the post-meeting presser Wednesday afternoon, Fed Chairman Jerome Powell indicated that the Fed is “close to done raising interest rates.” However, they’re not about to ease up on the Federal Funds Rate which presently stands at 5.25% […]
2023
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09.27
From the Desk of Andy Hammond
On the Desk The last few months of the year are always a busy time. We’re helping our clients with year-end planning, tax strategies, and budgeting that comes into play with 2024 just around the corner. Last year, the name of the game was tax loss harvesting, and we still have room to be strategic […]
2023
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09.26
Promotions Announced at AAFCPAs
Boston, MA (September 27, 2023) — AAFCPAs, a preeminent 300+ employee CPA and consulting firm specializing in tax, assurance, accounting, wealth management, business process and IT advisory solutions, is pleased to announce the promotions of new directors, managers, and rising professionals. Promotions recognize the exceptional accomplishments and achievements of each along with a steadfast dedication […]
2023
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09.25
AAFCPAs Welcomes New Outsourced Accounting & Advisory Partner
Destiny J. Flood, CPA to Lead Client Accounting & Advisory Solutions for the Commercial Market AAFCPAs is pleased to announce the addition of Destiny J. Flood, CPA, Partner to lead the commercial division of the firm’s growing Managed Accounting & Advisory Solutions practice. Destiny brings 14 years of experience advising small to mid-cap privately held […]
2023
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09.22
Best and Worst Practices in Nonprofit Finance
During AAFCPAs’ recent Nonprofit Educational Seminar (April 2023), leaders in our Managed Accounting & Advisory Solutions practice provided more than 400 attendees with a behind the scenes glimpse into some of the best and worst practices in nonprofit financial operations. The session included insight, thoughts, and recommendations from Joyce Ripianzi, CPA, Lauren M. Duplin, CPA, […]
2023
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09.21
IRS Halts ERC Claims and Urges Vigilance to Combat Fraud
AAFCPAs would like to make clients aware that, as of September 14, 2023, the IRS has ordered an immediate halt to new Employee Retention Credit (ERC) claims in an effort to curtail a surge in scams. This move is set to affect all businesses taking or thinking about taking credits. The moratorium extends through the […]
2023
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09.21
Business Transactions for Growth & Exit Webinar 11/21
AAFCPAs has advised Cannabis clients through the years on a variety of business transactions. These have included mergers, acquisitions, divestitures, licensing of intellectual property and brands, issuance of stock options, and more. In this session, AAFCPAs provides insight into some of the most popular business transactions in the cannabis space, guidance on accounting for these […]
2023
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09.20
AAFCPAs’ 2023-2024 Year-End Tax Planning Webinars
SAVE THE DATE! AAFCPAs is excited to announce its annual year-end tax planning webinar series, which provides insight into strategies for 2023 year end that clients may take advantage of now to realize a more favorable tax outcome. Individual & Family Tax & Wealth Preservation Tuesday, October 31st 12:00 PM – 1:00 PM Business Tax […]
2023
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09.19
New Reporting Requirement Set To Impact Millions of Small Businesses
AAFCPAs would like to make clients aware of the new Beneficial Ownership Information (BOI) reporting requirement set to begin January 1, 2024. This new reporting requirement, part of an anti-money laundering initiative enacted through the Corporate Transparency Act in 2021, requires that millions of small businesses report beneficial ownership information (BOI) to the Financial Crimes […]