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Grinkis Earns Advanced Life Insurance Underwriting Designation

Grinkis Earns Advanced Life Insurance Underwriting Designation

Carmen Grinkis, Wealth Advisor and Co-Managing Partner of AAF Wealth Management, recently earned a Chartered Life Underwriter® (CLU®) designation, which certifies she obtained expertise that exceeds basic life insurance underwriting requirements. In addition to the CLU®, Carmen has a PhD in Clinical Psychology, a Certification in Long-Term Care (CLTC®), and she is a licensed investment […]

Business Exit Strategy Planning From All Angles

A significant part of AAFCPAs’ Transaction Advisory Services practice involves convincing business owner clients to plan for an exit well before they are actually ready to leave the business. When asked when they should start planning, we often say “the day you start your business.” Realistically, a meaningful strategy can be put in place 3-5 […]

Texas Franchise Tax Gross Receipts Sourcing Reform

AAFCPAs would like to make clients aware that the Texas Comptroller of Public Accounts has adopted revisions to Franchise Tax apportionment rules proposed on November 2, 2020 under 34 Tex. Admin. Code section 3.591. The revisions seek to align statutory law with prior Court rulings, and to provide industry-specific updates. The changes may affect receipts […]

AAF Wealth Management Q2 Market Update

Summer is here, just in time for us to emerge cautious and bleary-eyed from quarantine. It’s been more gratifying this summer, in particular, to reunite with family and friends, connect in person with colleagues, and recharge with much needed vacations! The global economy and financial markets are gaining momentum as people get out and spend […]

Automate Rote Processes With Robotic Process Automation

Automate Rote Processes With Robotic Process Automation

With constant pressure to increase efficiencies and speed to insight, reduce costs and errors, and improve process quality, many organizations are turning to Robotic Process Automation (RPA) as a solution. AAFCPAs introduces RPA solutions where appropriate to eliminate a myriad of mundane tasks clients perform on a routine/repeatable basis. With automation, clients are delegating these […]

SBA Requests to Withdraw Requirement for Loan Necessity Questionnaires

In a letter submitted to the Office of Management and Budget (OMB) on June 21, 2021, the U.S. Small Business Administration (SBA) requested to discontinue the use of the Forms 3509 & 3510, Loan Necessity Questionnaires. The SBA’s withdrawal of the loan necessity questionnaires was discussed June 24 on the AICPA’s Town Hall webcast. A […]

What Taxpayers Need to Know About the Child Tax Credit

As part of the American Rescue Plan Act of 2021, the IRS increased the amount of the Child Tax Credit and plans to issue up to 50% of the credit in the form of monthly advanced payments beginning July 15, 2021. Taxpayers may claim the remaining credit when they file their 2021 income tax return. […]

IRS Guidance Issued on Change in Useful Life for 2020 Tax Returns

AAFCPAs would like to make clients aware that the IRS recently released long awaited guidance detailing how a taxpayer must change the method of computing depreciation to provide a 30-year recovery period under the alternative depreciation system (ADS) for some properties controlled by a business that started renting before 2018. Rev. Proc. 2021-28 explains how […]

AAFCPAs’ 340B Compliance Webinar

AAFCPAs’ 340B Compliance Webinar

AAFCPAs’ Healthcare Practice leaders Matt Hutt, CPA, CGMA and Charlie Webb, CPA, CHFP, in collaboration with the Massachusetts League of Community Health Centers (The League), present an educational 340B Drug Pricing Program Compliance webinar – recorded live on July 21, 2021. This educational webinar provides attendees with an understanding of compliance requirements for running a […]

3 Ways to Plan for your Grandchildren’s Financial Future

3 Ways to Plan for your Grandchildren’s Financial Future

For many of our clients, taking care of loved ones and leaving a legacy is an important part of your financial journey. The arrival of a grandchild marks the beginning or expansion of a new generation. There is a sense of magic as the baby represents the family projecting far into the future. These new […]