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Nonprofit Educational Seminar & Reception | 4.25.19

AAFCPAs Wealth Management Reflects on Q4 2018 Market Volatility, and Provides Guidance on What Investors Should Do

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 result of recent market volatility and the impact on portfolios. Q4 2018 has been the... continue reading

AAFCPAs Wealth Management Welcomes Emily Levine, Investment Operations Specialist

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, we continue to invest in growing our team and advancing our technical capabilities to ensure... continue reading

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 income tax withholding, quarterly estimated tax payments, or a combination of the two. Historically, individuals... continue reading

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 receive payment for virtual communication services when at least 5 minutes of communication technology-based or... continue reading

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 Grinkis and Andy Hammond are both sharp, energetic leaders of AAFCPAs Wealth Management, serving individuals & families, retirement... continue reading

Updates for Nonprofits under the New Tax Act

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. Legislation Attempts to Repeal the New Unrelated Business Tax on Tax Exempt Organizations Providing Qualified Fringe Benefits On December 20, 2018, the House passed the Retirement, Savings, and Other Tax Relief Act (H.R. 88) that would eliminate the provision... continue reading

Year in review: The Top 10 Insights from 2018

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 and Estate Planning Opportunities Related to the New Tax Law Whitepaper: Guidance on the New... continue reading

AAFCPAs’ #GivingTuesday Match Donates Over $31K to Charities

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 (100%) to any charitable nonprofit 501(c)(3) during a 3-week window in November leading up to... continue reading

Warm and friendly wishes from AAFCPAs

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, filled with prosperity and peace! We are grateful for all of you!