Blog
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Carla McCall Elected Chair of AICPA and Co-Chair of Association of International CPAs
Westborough, MA (May 23, 2024) – AAFCPAs, a preeminent CPA and consulting firm, is pleased to announce that its Managing Partner, Carla McCall, CPA, CGMA, was elected to serve as the new Chair of the American Institute of CPAs (AICPA) and Co-Chair of the Association of International Certified Professional Accountants, which combines the strengths of […]
Estate Tax Exemption Could Decrease to $6M on January 1, 2026
With the potential decrease in the federal estate tax exemption on the horizon, it is crucial to act now to preserve your wealth for future generations. The following blog provides advice on optimizing the current higher exemption through strategic gifting, ensuring asset control and access. Clients are advised to prepare for the changes ahead by […]
Reflecting on the 16th Annual CFO of the Year Awards
AAFCPAs was proud to attend the Boston Business Journal’s CFO of the Year awards as a centerpiece sponsor once again. Our annual sponsorship allows us to support the ongoing success of this esteemed event and celebrate the remarkable professional achievements and value CFOs bring to our business community. The luncheon is always an exciting celebration […]
IRS Provides Update on Employee Retention Credit (ERC)
AAFCPAs would like to make clients aware that, on June 20, 2024, the IRS announced its plans to deny tens of thousands of improper, high-risk Employee Retention Credit (ERC) claims. Concurrently, the agency is processing a new round of lower-risk claims using insight gleaned from its initial review to expedite payments to taxpayers who filed […]
Seeking Your Support for an Emjays Award Nomination
The Emjays International Cannabis Awards are returning Dec. 5 to the Pearl Theater inside The Palms Casino Resort in Las Vegas! Nominations are open for 23 awards categories in the cannabis industry, including Financial Services of the Year (Accounting Firms, Banking, and Investment Firms). To be considered, companies must receive nominations from clients like you. […]
Seminar Recap: Accounting Standards Updates for Nonprofits
During AAFCPAs’ recent Nonprofit Seminar (recorded live, April 2024), Matthew Hutt, CPA, CGMA, Amy Staunton, CPA, and Jennifer A. L’Heureux, CPA briefed approximately 400 attendees on the latest applicable accounting standards updates (ASUs) and how they affect nonprofit organizations. What we covered: The full session was recorded and may be viewed as a webcast at […]
AAF Wealth Management Q2 2024 Market Insights
Note: These market insights were written prior to the weekend’s events. We express our sincere condolences to victims of last weekend’s assassination attempt on Donald Trump in Pennsylvania. It is another unfortunate example of the uncertainties we face on a global scale. We reaffirm our commitment to our core values of compassion, community care, and […]
TopGolf 2024
Swinging into fun! Our team enjoyed an evening at Topgolf in Canton, MA. From friendly competition to meaningful conversations, it was a valuable opportunity to unwind and connect outside the office. We look forward to more moments that foster teamwork and collaboration!
AICPA names Carla McCall as new chair
Accounting Today (May 23, 2024) – The American Institute of CPAs elected Carla McCall, managing partner of AAFCPAs, a Westborough, Massachusetts-based Top 100 Firm, as its next chair. McCall will also co-chair the Association of International Certified Professional Accountants, the joint association of the AICPA and the Chartered Institute of Management Accountants. She was elected […]
From The Desk of Kevin Hodson
During the past few months, we’ve been reviewing client accounts for tax strategies, i.e., losses, and preparing for Q3. I’ve also been having great conversations with clients about the direction of interest rates and inflation. In short, there’s been little movement. The Fed is keeping interest rates at their current levels and projecting just one […]