Blog
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2020 Cyber Crime, Cyber Security Awareness Month
In recognition of National Cyber Security Awareness Month and to foster client awareness of cyber hazards, AAFCPAs’ IT Security professionals have outlined cybersecurity risks and mitigation strategies applicable to 2020 current events. COVID-19 has changed business operations resulting in increased IT security risks, especially risks from the abrupt shift to support remote work. Even when […]
AAFCPAs’ New Remittance Address
AAFCPAs would like to make clients aware that we have opened a lockbox service with People’s United Bank to streamline the processing of client payments. In order to ensure the highest level of service to all clients, we are kindly asking that you please update your records to reflect our new remittance address and send […]
AAFCPAs Explains Descriptive, Predictive, Prescriptive, and Compliance Data Analytics
Key Business Questions (KBQs) are questions that establish a framework for an organization looking to gain insights produced by analytics. They are central to understanding the past and overall strategy you are deploying or considering deploying in the future. AAFCPAs assists clients in defining and prioritizing high-value KBQs in order to bridge the divide between […]
AAFCPAs Releases 2020-2021 Tax Planning Guide for Businesses & Individuals
In 2020, tax planning is more complicated than usual. We now have a full view of the impact of United States’ massive 2017 Tax Cuts and Jobs Act (TCJA) and the 2019 Further Consolidated Appropriations Act on clients’ short and longer-term tax planning strategies. We must now evaluate these Acts in tandem with the $2.2 […]
Did Your Accounting Department Thrive While Remote?
Many finance departments were put to the test when forced to transition to a remote workforce in response to the Coronavirus pandemic. Those that had already moved processes and systems to the cloud were able to adapt quickly. Those that outsourced their finance function to AAFCPAs’ Managed Accounting Solutions (MAS) group did not skip a […]
Chapter 257 Salary Report Due by January 15, 2021
Updated 10.21.20: The Executive Office of Health and Human Services (EOHHS) has extended the deadline for the Chapter 257 Salary Report for FY 2019 – FY 2021. Please note that the Salary Report submission date is now January 15, 2021 to coincide with the submission of the FY2020 UFRs. This report is required by Chapter […]
Tax Planning Webinar: Guidance for Businesses Approaching 2020 Year End
In 2020, tax planning is more complicated than usual. It may be daunting to understand what to withhold, or not withhold; where to file or not file; where to retire or not retire; or where to expand or not expand. In this 1 hour webinar, AAFCPAs Tax Advisors will cover what Business Owners, CFOs, and […]
HHS Announces $20 Billion in New Phase 3 Provider Relief Funding
On October 1, 2020, the U.S. Department of Health and Human Services (HHS), through the Health Resources and Services Administration (HRSA), announced $20 billion in new funding for providers on the frontlines of the Coronavirus pandemic. Under this Phase 3 General Distribution allocation, providers that have already received Provider Relief Fund (PRF) payments will be […]
Enter AAFCPAs’ Drawing to Attend the BBJ’s 2020 CFO of the Year Awards 10/28
AAFCPAs is pleased to again SPONSOR the Boston Business Journal’s (BBJ) 12th Annual CFO of the Year Awards virtual luncheon, October 28th, and we would love to have you join us as our guest for this memorable lunchtime reception. We are holding a random drawing to reward FIVE lucky AAFCPAs clients with complimentary tickets to the […]