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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.

Data Backup & Recovery Plans Can Protect Your Organization from the Consequences of Ransomware Attacks

Data Backup & Recovery Plans Can Protect Your Organization from the Consequences of Ransomware Attacks

Ransomware is one of the most prevalent forms of malicious cyber-attacks facing businesses today. “The advent of new tools that wrap victims’ data with tough encryption technology, hard-to-trace digital currency like Bitcoin, and even online sites that offer to do the data ransoming in return for a piece of the action, have made this method of cybertheft much easier,” reported the NY Times. AAFCPAs advises clients to develop a Data... continue reading

AAFCPAs Shares Valuable Tax Insights in 2017 Year-End Business Tax Planning Webinar

Join AAFCPAs on Tuesday, November 14th from 12-1pm for a live, 1-hour business tax planning webinar! As you are aware, there is potential for dramatic changes in Federal and State tax law on the horizon which, more than ever, requires a multi-year approach to tax planning. AAFCPAs’ Richard Weiner, CPA, MST, Bella Amigud, CPA, and Josh England, JD, LLM will provide business owners, finance executives, and their business advisors with valuable information so you may efficiently... continue reading

Carla McCall Receives National Recognition for Helping & Promoting Women’s Career Advancement

AAFCPAs takes great pleasure to announce that our firm’s co-managing partner Carla McCall, CPA, CGMA, was selected for the national recognition “Forty Women over 40 to Watch” list. Forty Over 40 honors women who, despite gender and age bias, are disrupting their career and harnessing their power to help other women do the same.  Carla is certainly well deserving of this distinction. “I’m hoping to continue to disrupt the idea... continue reading

AAFCPAs to Present Educational Workshop on KPIs, Dashboarding for NonProfit Financial Managers

AAFCPAs’ Carla McCall, CPA, CGMA and Robyn Leet will present an educational workshop on Leading Indicators: Choosing Key Performance Indicators That Matter & Dashboarding at the Nonprofit Financial Managers (NPFM) forum in Boston on October 26th. A critical component of nonprofit effectiveness is the organization’s ability to identify and track meaningful “leading indicators” that serve as mile markers to tell if your organization is headed in the right direction—a course... continue reading

AAFCPAs’ Co-Managing Partner Carla McCall Recognized for Advancing Women in Accounting Field

AAFCPAs’ Co-Managing Partner Carla McCall Recognized for  Advancing Women in Accounting Field

Boston, Mass. (October 12, 2017) – AAFCPAs, a best-in-class CPA and consulting firm known for assurance, tax, accounting, wealth management, valuation, and business and IT advisory solutions, announced today its co-managing partner Carla McCall was selected for the “Forty Women to Watch over 40” list. The Forty over 40 honors women who despite gender and age bias are disrupting their career and harnessing their power to help other women do... continue reading

Installing Patches Immediately Helps Protect Your Organization from Cyber Vulnerabilities

Cyber criminals often exploit known or not yet known vulnerabilities of the Operating System and/or other critical systems, such as a web server or a database, in order to penetrate your network/systems. In the recent WannaCry attack, hackers exploited the Microsoft Windows Server Message Block protocol and encrypted data demanding ransomware. There was a patch that Microsoft had provided but thousands of systems around the world had not yet installed... continue reading

GASB Issues New Lease Accounting Standard

In June 2017, the Governmental Accounting Standards Board (GASB) issued Statement No. 87, Leases, which applies to entities following government accounting rules, including AAFCPAs’ clients in the Charter School industry, as well as other quasi-governmental organizations.  This guidance applies to most leases with a term of over 12 months.  These leases will now be recognized on the statement of net position of both the lessee and the lessor at the... continue reading

AAFCPAs to Lead Medicare and Medicaid Cost Report Trainings in MA and RI Providing Coveted Guidance

AAFCPAs’ Matt Hutt, CPA, CGMA and Courtney McFarland, CPA, MSA, in collaboration with the Massachusetts League of Community Health Centers (The League) and the Rhode Island Health Center Association (RIHCA), will again present Medicare and Medicaid Cost Report Training sessions for MA and RI community health centers. Medicare and Medicaid Cost Report Training, for Members of the RIHCA When: September 28th | 9:00am – 1:00pm Where: Thundermist Health Center | West Warwick, RI Matt... continue reading

Denials Management: Best Practices in Improving Revenue Cycle Processes & Monitoring Third-Party Payer Denials

The complexities surrounding third-party revenue cycle management, patient eligibility, and systems capabilities to support process design changes continue to increase, as do third-party claim denials across virtually all payers. Denials can affect the bottom line of healthcare organizations, leading to lost revenue and productivity; however, in many cases, denials are preventable. In order to prevent denials, it is critical that healthcare organizations develop & implement an effective denials management process, including:... continue reading

Massachusetts Clarification of Due Date Change for Extended C Corporation Tax Returns

AAFCPAs would like to make clients aware that, effective for years ending on December 31, 2016, the IRS changed the due date for filing calendar year C corporation returns from 3/15 to 4/15 (or the 15th day of the fourth month following the close of the corporation’s fiscal year).  Although states have subsequently adjusted their rules and procedures to accommodate the Federal change, the process was more difficult for Massachusetts, as the... continue reading