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AAFCPAs #DunkTankChallenge Raises $1500 for Immunotherapy Research

AAFCPAs #DunkTankChallenge Raises $1500 for Immunotherapy Research

AAFCPAs Team members cooled off on a hot summer day participating in the firm’s second annual #DunkTankChallenge. Volunteers, including Partners & Managers, took turns in the hot seats while team members donated money for the chance to strike the targets. The dunk tanks provided entertainment for all at the firm’s annual Summer Outing, while allowing us to provide a very meaningful gift to charity. Proceeds Donated to Help Advance Immunotherapy... continue reading

Bill to Retroactively Repeal Nonprofit Transportation Fringe Benefit Tax Passed by House Ways and Means Committee

On Thursday, June 20, 2019, the House Ways and Means Committee passed H.R. 3300, officially called the “Economic Mobility Act of 2019” (the “Bill”).  The Bill, among other things, repeals the unrelated business income tax (UBIT) on nonprofits providing employees with qualified transportation fringe benefits. AAFCPAs is also pleased to report that the Bill states this repeal will be retroactive, as if the original provision was never included in the... continue reading

Common Social Engineering Cyber Attacks and Prevention Strategies

What is Social Engineering & what are the risks? 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 recipient to unwittingly perform an action;... continue reading

Update Debt Disclosures in Compliance with GASB-88

AAFCPAs would like to remind clients and friends that, in April 2018 the Government Accounting Standards Board (GASB) issued Statement No. 88, Certain Disclosures Related to Debt, including Direct Borrowings and Direct Placements. This standard is applicable for entities following governmental accounting standards, including AAFCPAs’ Charter School clients in Massachusetts and New Jersey, as well as other quasi-governmental organizations. The standard is applicable for reporting periods beginning after June 15,... continue reading

5 Tips for an Accurate Financial Statement in a Divorce

5 Tips for an Accurate Financial Statement in a Divorce

The decision to divorce is never an easy one, and perhaps one of the most painful life events there is. Separation of finances can be one of the more contentious aspects. AAFCPAs provides the following guidance regarding the development of your divorce financial statement, which is a crucial component of divorce processes where financial relief is requested. In Massachusetts divorce actions, Supplemental Probate and Family Court Rule 401 requires that... continue reading

AAFCPAs Announces Client Recipient of Our Drawing to Attend the BBJ CFO of the Year luncheon!

AAFCPAs Announces Client Recipient of Our Drawing to Attend the BBJ CFO of the Year luncheon!

Congratulations to AAFCPAs’ client: Eric Chatman, CFO at Housing Partnership Network. Eric is the lucky winner of our random drawing for a complimentary ticket to attend the Boston Business Journal’s CFO of the Year Awards luncheon program! AAFCPAs is a proud SPONSOR for the 11th Annual BBJ CFO of the Year Awards, and Eric is joining us as our guest for this prestigious event.  We thank everyone who entered to... continue reading

AAFCPAs Partners Bond with Wheelchair Build for Charity

AAFCPAs Partners Bond with Wheelchair Build for Charity

AAFCPAs’ 30 Partners built wheelchairs as part of a fun, meaningful, and impactful team event at a recent off-site Partner Summit. Partners used teamwork skills and iPad activities to earn the materials necessary to assemble, test and decorate these new wheelchairs for donation. Wheelchairs were donated to AAFCPAs’ client WCI – Work, Community, Independence in Waltham, MA, and the Beaumont Nursing and Rehabilitation Center in Westborough, MA. “The wheelchair build... continue reading

AAFCPAs Presents Tax Strategies Post-TCJA at Vistage CEO Group

AAFCPAs’ tax strategists Dave McManus, CPA, CGMA and Joshua England, JD, LLM presented a tax strategizing session on June 17th, for the benefit of the regional Vistage group of CEOs. Dave and Josh shared the firm’s strategic tax insights with a distinguished group of executives, business leaders and CEOs on opportunities and challenges presented by the 2018 Tax Cuts and Jobs Act.  Attendees gained insight into creative strategies to keep... continue reading

AAFCPAs’ 340B Basics: Program Compliance Webinar

AAFCPAs’ 340B Basics: Program Compliance Webinar

AAFCPAs’ Matt Hutt, CPA, CGMA and Courtney McFarland, CPA, MSA, in collaboration with the Massachusetts League of Community Health Centers (The League), will present coveted guidance on 340B Basics and Program Compliance for Massachusetts community health centers in this live webinar.

AAFCPAs’ Kerrie Dupré to Serve as Board President of Huntington’s Disease Society of America, RI Chapter

AAFCPAs’ Kerrie Dupré to Serve as Board President of Huntington’s Disease Society of America, RI Chapter

AAFCPAs is excited to announce that Kerrie K. Dupré, CPA has been appointed and agrees to serve as the President of the Board of Directors of the Huntington’s Disease Society of America, Rhode Island Chapter. She has been an active board member of the organization since 2016. Kerrie will donate her time, talent and expertise to further the strategic goals of the organization, and to advocate for those living with Huntington’s Disease... continue reading