Blog
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Notice of IRS Changes to Group Exemptions and Group Returns
AAFCPAs would like to make our nonprofit clients aware that as of January 1, 2019, the IRS stopped mailing lists of parent and subsidiary accounts to central organizations (group ruling holders) for verification and return. If your organization is the Central Organization of a group exemption, historically you would have received an annual mailing from […]
IRS Expands Underpayment and Under-withholding Relief
The Internal Revenue Service announced on Friday, March 22, that they are expanding penalty relief to taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year. The IRS is lowering to 80 percent the threshold required to qualify for this relief. Under the relief […]
AAFCPAs’ Janice O’Reilly to Serve on Board of MassVentures
AAFCPAs is excited to announce that Janice O’Reilly, CPA, CGMA, Partner in the Consulting Division of AAFCPAs and leader of the Managed Accounting Solutions (MAS) practice, has been appointed and agreed to serve on the Board of Directors of MassVentures. MassVentures is a quasi-public venture capital firm focused on fueling the Massachusetts innovation economy by funding […]
AAFCPAs’ Matthew Boyle to speak at FEI-Boston
The Boston chapter of Financial Executives International (FEI) is presenting a Social Media Workshop for CFOs in Transition on April 2nd led by AAFCPAs Partner & Chief Marketing Officer Matthew Boyle, MBA. Matthew will present a professional development session on LinkedIn Strategy & Use for CFOs in Transition, and will discuss why paying attention to your digital […]
Guidance for CHCs on Critical, ACO-related Budgeting, Forecasting, and Risk/Settlement Planning
Recently, healthcare providers have seen an increasing prominence of alternative payment methodologies (APMs), primarily in the form of Accountable Care Organizations (ACOs), which include risk sharing and/or incentive payment components. In Massachusetts, community health centers (CHCs) are beginning to have their first exposure to ACOs through the Medicaid 1115 waiver and the recently implemented MassHealth […]
Highlights from FEI-Boston’s March 2019 Executive Event
FEI-Boston’s March 2019 Executive Event was an extraordinary success this morning at the Federal Reserve Bank of Boston! “I was delighted to be selected to moderate this distinguished panel of senior investment strategists, which featured thought provoking discussion and an engaged audience full of questions,” said Andrew Hammond, Partner, AAFCPAs Wealth Management. What Did We Learn […]
AAFCPAs to Present Workshop on Right-Sizing Your Finance Function at Cannabis Convention, Boston
AAFCPAs has been selected to present an educational workshop: Right-Size Your Finance Function at the 5th Annual New England Cannabis Convention, March 22-24th, 2019, at the Hynes Convention Center, Boston MA. The New England Cannabis Convention in Boston is considered the can’t-miss event of the year by cannabis growers and business cultivators across the region. […]
AAFCPAs Wealth Management Adds Depth to Wealth Advisory Expertise by Welcoming Kevin Hodson
AAFCPAs Wealth Management, an affiliate company of AAFCPAs, is pleased to announce the addition of Kevin Hodson, Wealth Advisor. Kevin joins our growing team of advisors after 18 years of experience in financial services, as well as 6 years active duty in the United States Marine Corps.Kevin is driven by strong ethical values, and high […]
The Time is Now to Understand the Implications of the New Lease Standard, Effective 2020 for Private Companies and Most Nonprofits
In February 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease transactions. There are elements of the new standard which will likely impact almost all entities to some extent, although lessees will likely see the most significant changes with their accounting for and reporting of lease […]