Blog
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AAFCPAs Wealth Management Reflects on Q4 2018 Market Volatility, and Provides Guidance on What Investors Should Do
Warren Buffett, one of the world’s most famous investors, is often quoted as saying “be fearful when others are greedy and greedy when others are fearful.” You might say that is easier said than done and we won’t disagree with you. Obviously, there is a great deal of fear right now among investors as a […]
AAFCPAs Wealth Management Welcomes Emily Levine, Investment Operations Specialist
AAFCPAs Wealth Management continues to grow and invest in team capabilities, and we are pleased to announce the addition of Emily Levine as Investment Operations Specialist. Emily has 15+ years’ experience in financial services and joins our growing team of wealth advisors. “In response to our on-going commitment to offer each client a personalized, holistic planning approach, […]
IRS to Waive Tax Penalties for Underwithholding and Underpayment
The Internal Revenue Service (IRS) announced on Wednesday, January 16, 2019 that it is waiving a penalty for some Americans who may have unintentionally underpaid their 2018 tax liabilities. The IRS is generally waiving the penalty for any taxpayer who paid at least 85 percent of their total tax liability during the year through federal […]
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
Navigating the landscape of Service Organization Control (SOC) reports can be complex, yet understanding the differences between SOC 1, SOC 2, and SOC 3 reports is essential for businesses leveraging third-party services. Each report serves a unique purpose, tailored to meet the varied needs of service organizations and their stakeholders.
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 takes great pride in the role we play serving […]
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 […]