Blog
Our Blog acts as a great resource of topical information for the finance community. Use the search function to find specific topics or browse our categories to benefit from our past shared learnings.
SOC Report Approach & Timeline
This report highlights the approach, responsibilities and timeline for a three phase System and Organization Controls, SOC 2 Report. AAFCPAs has provided this resource in an effort to help management of service organizations better understand SOC examinations and how to prepare for a SOC 2 engagement.
FQHCs: 2019 New Medicare Services and G Code Payment Updates
AAFCPAs would like to make Rural Health Clinic (RHC) and Federally Qualified Health Center (FQHC) clients aware that the Centers for Medicare & Medicaid Services (CMS) has issued important reimbursement updates related to virtual communication services, and Medicare G Code rates for 2019. Virtual Communication Services Effective January 1, 2019, RHCs and FQHCs may now […]
AAFCPAs Promotes Four to Partner to Support Firm Growth
Westborough, MA 1/8/2019 – AAFCPAs is excited to announce the promotion of four additional Partners to our growing team: Andrew Hammond, CFP®, Carmen Grinkis, PhD, CLTC, CFP®, Matthew McGinnis, CPA, and Davide Villani, CPA, CGMA are fully engrossed in the industries we serve, and work closely together to best serve our diverse client base with the distinction of excellence. Carmen […]
Updates for Nonprofits under the New Tax Act
This blog was revised on 10/10/19. AAFCPAs would like to make Tax Exempt Organizations aware of recent legislative and regulatory updates related to the Tax Cuts and Jobs Act, (“TCJA”) and how these may affect charitable nonprofits. What is Considered a Nondeductible Parking Expense that will now Trigger Unrelated Business Income Tax (UBIT)? On December […]
Which SOC Report is Right for Your Organization
This infographic provides a brief overview of the main differences between SOC 1, SOC 2, and SOC 3 reports. These insights will help ensure you are providing your management, customers, and prospective customers with the optimal levels of attestation without paying for more than you need to.
Year in review: The Top 10 Insights from 2018
2018 was a big year for finance professionals, with monumental changes in tax code & accounting rules, and other significant challenges & opportunities affecting commercial businesses, nonprofits, and individuals & their families. Below are AAFCPAs’ most widely-read news alerts & insights in the past year: AAFCPAs’ 2018-2019 Tax Planning Guide for Businesses & Individuals Financial […]
AAFCPAs’ #GivingTuesday Match Donates Over $31K to Charities
AAFCPAs participated again this year in #GivingTuesday, on November 27th, 2018, a global day dedicated to giving! Collectively, the firm and its team members donated $31,778 to mission driven nonprofits! HOW DID AAFCPAs TAKE PART IN THE SPIRIT OF GIVING? Extra incentives to give! For #GivingTuesday, AAFCPAs and our company-sponsored Charitable Foundation matched employee gifts 1:1 […]
Warm and friendly wishes from AAFCPAs
Thank you for your business and loyalty. We admire your passion, entrepreneurial spirit and all the great things you accomplish. Please know that it is our privilege to be part of your advisory team. All of us at AAFCPAs wish you and your family a joyful holiday season! May you enjoy a wonderful new year, […]
What Does Rising Talent Look For in a CPA Firm?
Public accounting has changed a great deal in order to keep pace with the way client needs have changed, requiring specifically talented professionals to evaluate these needs from multiple angles. This may be one reason that rising stars in the CPA world need a different type of environment to learn and thrive. At our firm, […]