Blog
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AAFCPAs’ Courtney McFarland to Serve on Board of Baypath Humane Society
AAFCPAs is excited to announce that Courtney McFarland, CPA, MSA has been appointed and agrees to serve on the Board of Directors of the Baypath Humane Society of Hopkinton. Courtney will serve as a fiduciary of Baypath, providing strategic direction and financial advice to help the organization achieve its vision for the future. “As a […]
AAFCPAs Celebrates 2019 National Health Center Week
Next week, August 4-10, 2019, is National Health Center Week, and AAFCPAs invites you to join us again this year in celebrating the great work and significant impact of these consumer-driven and patient-centered organizations! National Health Center Week gives our Health Center clients a chance to bring light to the health needs in our communities […]
Don’t Let the New Tax Act Affect Your Giving Goals
The Wall Street Journal recently reported that charitable giving had its largest decline since the 2008-2009 financial crisis, citing circumstances such as 2018 tax-law changes and a late-year stock-market dip as the reasons for the decline. At AAFCPAs Wealth Management, we know that taxes are not the reason you give; however, they may affect how […]
Proposed Bill Eliminating the Effects of 280E at the State Level
On June 11, 2019 the Massachusetts Joint Committee on Revenue heard House Bill 2510, An Act rescinding the effect of IRC 280E on businesses legally selling marijuana. While this bill has not been placed into effect yet, the hearing is a step forward towards state wide repeal of IRC 280E. What Does House Bill 2510 […]
2019 UFR Update: AAFCPAs Outlines Significant Changes
The Operational Services Division (OSD) of the Executive Office for Administration and Finance just released its FY 2019 UFR Audit and Preparation Manual, FY 2019 UFR Auditor’s Compliance Supplement, and FY 2019 Excel UFR Templates. The FY 2019 Manual is effective July 1, 2018 for the UFRs to be filed for FY 2019. Visit Mass.gov […]
Continuous Improvement of the Finance Function: Accept the Things You Cannot Change… But Change the Things You Can!
The most thriving nonprofits are those that have a continuous improvement culture. Continuous improvement ensures systems and processes scale with growth; systems integration and integrity is maintained or improved; highly-manual processes and lengthy/overburdened close cycles are eliminated; and meaningful data is available on-demand for decision-making. In this informative session, members of AAFCPAs’ Managed Accounting Solutions and Business Process […]
Configuration & Application Vulnerabilities in Cyber & IT Security
Despite the best efforts of IT teams, organizations continue to be plagued with IT security vulnerabilities in their systems by both internal and external threats. The most common vulnerabilities are poor configurations and outdated/unpatched systems or applications. These vulnerabilities may subject your organization to the risk of hackers gaining access to sensitive employee or client […]

FASB Delays Effective Dates for Four Major Accounting Standards
AAFCPAs is excited to inform you that the Financial Accounting Standards Board (FASB) voted to extend the effective dates of four key accounting standards at their latest July 17, 2019 meeting. The proposed delay to the effective dates for certain companies affects accounting for leases, credit losses, hedging, and long-duration insurance contracts. This is FASB’s […]
AAFCPAs 2019 Nonprofit Seminar Keynote: Jo Ann Simons, CEO, Northeast Arc
Jo Ann is the Executive Director of AAFCPAs’ client Northeast Arc, a large multi-service nonprofit with an operating budget of $280 million serving over 10,000 people annually in Massachusetts. The goal of the Northeast Arc is to ensure that children and adults with disabilities are able to live, work, engage in civic life and play […]