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SAVE THE DATE: AAFCPAs to Share Valuable Revenue Recognition Guidance for Nonprofits
AAFCPAs will present two educational webinars, providing an overview of new Revenue Recognition standards for Commercial Businesses and Nonprofit Organizations. Attendees will gain an understanding of how the new standards could impact revenue recognition and company policies, and what they should be doing now to prepare for adoption. SAVE THE DATE! AAFCPAs Educational Webinar: Revenue […]
AAFCPAs Urges Vigilance as Clients Respond to Uptick in Whaling Schemes, Cyber Threats
AAFCPAs would like to make clients aware that within the past two weeks, we have received two accounts from clients reporting their executives have been targeted by sophisticated whaling schemes requesting transfers of money. AAFCPAs would like to take this moment to remind you again of the critical importance of taking measures to protect against […]
AAFCPAs Provides Guidance on Potential Impact of FASB’s Proposed Changes to NFP Grant and Contribution Accounting
The Financial Accounting Standards Board (FASB) met on February 14, 2018 to redeliberate the amendments in the proposed Accounting Standards Update (ASU), Not-for-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. This proposed ASU will primarily affect nonprofits that receive government or foundation grants and contracts, but […]
Secretary Marylou Sudders Announced as Keynote Speaker for AAFCPAs Nonprofit Seminar
AAFCPAs is excited to announce the Executive Office of Health & Human Services (EOHHS) Secretary Marylou Sudders will serve as Keynote Speaker for our 10th Annual Nonprofit Educational Seminar & Reception, Thursday, April 26th at the Newton Marriott! Marylou Sudders leads the largest executive agency in state government, overseeing a $22 billion state budget, twelve […]
AAFCPAs Wealth Management Presents Session on the Evolution of Risk Management within Financial Planning
AAFCPAs Wealth Management’s Carmen Grinkis, PhD, CLTC, CFP® will present an insightful session on the evolution of risk management within financial planning for the benefit of peer wealth advisors at the Pinnacle 2018 Winter Summit, March 6-8, 2018 in St. Augustine, FL. In this session, Carmen will reflect on the meaningful evolution of her career […]
IRS Proposes Substantial Changes to the Use of Donor Advised Funds
On December 4, 2017 the IRS issued Notice 2017-73 providing proposed regulations under Internal Revenue Code § 4967 and requesting comments on issues involving sponsoring organizations’ Donor Advised Funds (“DAFs”). While these regulations are only being proposed at this time, Taxpayers may rely on the rules regarding fulfillment of donor pledges immediately. Public Support Test […]
AAFCPAs to Present Educational Workshop for Aspiring Board Members on Fiduciary Responsibility & How to Read Nonprofit Financial Statements
AAFCPAs’ Partners Thomas Muldoon, CPA, CGMA and Matthew Troiano, CPA will present an educational workshop on Fiduciary Responsibility of the Board & How to Read Nonprofit Financial Statements to current and aspiring board members and nonprofit leaders serving the MetroWest Boston community. This workshop, scheduled for Friday, March 9th, is organized by the Foundation for […]
New Care Management Services Billing Guidelines for Behavioral Health Providers
AAFCPAs would like to make behavioral health provider clients aware that, effective January 1, 2018, there are new billing guidelines for care management services. Billing changes for care management affect the following services: Cognitive-assessment services Psychiatric collaborative care model (CoCM) General behavioral health integration (BHI) Note: These changes do NOT affect Federal Qualified Health Centers […]
AAFCPAs Presents: How the Tax Act Will Impact Business Owners, an Educational Workshop for XPX New England
AAFCPAs’ Partner Richard Weiner, CPA, MST will present an educational workshop on February 27th for Exit Planning Exchange (XPX New England) members on how the Tax Cuts and Jobs Act (H.R. 1) will impact business owners. The biggest tax overhaul in more than two decades has officially been signed into law, and businesses are scrambling […]