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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.

AAFCPAs Wealth Management Invests in Team and Processes in 2016

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

Massachusetts DOR Announces Late-File Penalty Relief for Corporate Taxpayers

AAFCPAs would like to make clients aware that the Massachusetts Department of Revenue announced relief for corporate taxpayers affected by the change in federal tax return due dates. The IRS changed the due date for filing calendar year C corporation returns from March 15 to April 15, effective for 2016 tax filings. The Massachusetts legislature did not pass a law conforming to the Federal change. As a result the due... continue reading

AAFCPAs Adds Expertise to Support Growth in Commercial Tax by Welcoming Two Tax Advisors

AAFCPAs Adds Expertise to Support Growth in Commercial Tax by Welcoming Two Tax Advisors

AAFCPAs is pleased to announce the addition of Tax Advisors Usha Gurumurthy, CPA, MBA, EA and Jennifer Brezniak, CPA, MBA to support the firm’s growth in the Commercial Tax practice. Jennifer brings over 16 years’ experience providing compliance and tax planning solutions for high-net-worth individuals & their families, and commercial business C Corps, S Corps, partnerships & their owners.  Jennifer specializes in advising businesses on the complexities of accounting for income... continue reading

AAFCPAs to Present Educational Workshops on Affordability & Accessibility, FASB ASU 2016-14, and Lease Accounting at NBOA Conference

AAFCPAs has been selected to present educational workshops on three important topics at the National Business Officers Association’s 2017 Annual Meeting in Washington D.C. on February 26th – March 1st.  This is a must-attend conference for business officers and other independent school leaders, providing exceptional professional development programming and networking opportunities for over 1,000 independent school professionals from across the country. Affordability & Accessibility AAFCPAs Partner John Buckley, CPA along with AAFCPAs’... continue reading