Blog
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Best Practices in Managing Your Nonprofit Operating Budget
Accurate budgeting is critically important to the success of any business, and especially important for nonprofit organizations that may have stretched resources, fluctuating funding, and/or heavy reliance on specific funders. The operating budget is a key tool in effectively and efficiently achieving the organization’s stated purpose, and should align with your organization’s strategic plan. A […]
Massachusetts Delays Plan to Tax Online Sales
The Massachusetts Department of Revenue today announced it has revoked its directive to collect sales taxes from out-of-state online retailers starting July 1. Earlier this spring, the Massachusetts Department of Revenue issued a directive aimed at requiring certain out of state vendors to collect sales tax on online sales to Massachusetts customers. The Department’s position […]
AAFCPAs Wealth Management Adds Depth to Wealth Advisory Expertise by Welcoming Andrew Hammond, CFP®
AAFCPAs Wealth Management, an affiliate company of AAFCPAs, continues to grow and is pleased to announce the addition of Andrew Hammond, CFP® as a Wealth Advisor and Director of Wealth Management. Andrew joins our growing team of advisors after 17 years in financial services at Fidelity Investments. Andrew sought-out AAFCPAs Wealth Management in response to […]
AAFCPAs releases 8-part educational podcast series, designed to help nonprofits thrive
AAFCPAs is excited to announce the release of our 8-part educational podcast series offering actionable takeaways for organizations to improve efficiency, effectiveness and performance controls. This collection of podcasts is the 2nd series of recordings from AAFCPAs’ Annual Nonprofit Educational Seminar. These podcasts, and accompanying introductory videos, feature full audio of thought-provoking sessions recorded on May 3rd, […]
Accelerate Deductions and Reduce Tax Liability with Tangible Property Regulations and R&D Tax Credits
It is a little-known fact to most accountants that businesses leave money on the table by 1) paying taxes before they have to, and 2) by not identifying deductions in a timely manner that may be accelerated. At AAFCPAs, we regularly identify opportunities for clients that may yield new avenues for them to qualify for deductions […]
Podcast: Rethinking Your Budget
Listen to Podcast Click here to listen to podcast or use the above media player. Sustainability is a clear concern for funding sources today, and if you cannot document your organization’s sustainability, you are most likely losing out on funding. AAFCPAs advises nonprofits to broaden the scope of their financial planning process to address the […]
Podcast: AAFCPAs’ 2017 Regulatory Update
Understanding the New Nonprofit Financial Statement Presentation Standards; and the Impact of Revenue Recognition on Nonprofits Listen to Podcasts Understanding the New Nonprofit Financial Statement Presentation Standards Click here to listen to podcast or use the above media player. The Impact of Revenue Recognition on Nonprofits Click here to listen to podcast or use the […]
AAFCPAs Participates in 7th Annual MSCPA Day of Service
AAFCPAs proudly participated in the Massachusetts Society of Certified Public Accountants’ (MSCPA’s) 7th Annual Day of Service on June 15th. Two teams of AAFCPAs’ staff volunteered with AAFCPAs’ client Massachusetts Society for the Prevention of Cruelty to Animals – Angell Animal Medical Center (MSPCA-Angell) at the organization’s Nevins Farm location, and with Habitat for Humanity […]
Strategies to Increase the Value of Your Business In Advance of Selling
The most successful business transfers are the ones that are properly planned in advance. AAFCPAs encourages clients to think proactively in order to get the most out of what is likely your largest and most important asset. The following strategies may better position your business for a higher price when selling. Have your financial statements […]