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An Emerging Leader’s Perspective: ONE piece of advice I would have wanted when I started my career…

An Emerging Leader’s Perspective: ONE piece of advice I would have wanted when I started my career…

An Emerging Leader’s Perspective: ONE piece of advice I would have wanted when I started my career…

I was recently honored at the MSCPA’s 2018 Women’s Leadership Summit as an Emerging Leader/2018 Women to Watch Awards—which was a great honor, especially since many colleagues from AAFCPAs along with my Mom, Dad, and husband Mat were there to celebrate this success! This recognition lead to a significant realization for me: I may be a role model or mentor to someone. The transition from mentee to mentor was subtle... continue reading

AAFCPAs Managed Accounting Solutions Practice Recommends Three Strategic Budgets for Nonprofits

AAFCPAs Managed Accounting Solutions Practice Recommends Three Strategic Budgets for Nonprofits

It can be tempting for finance teams and executive leadership of nonprofits to focus mostly on near-term strategy.  However, in order to ensure sustainability, AAFCPAs advises nonprofits to broaden the scope of their financial planning process to address the challenges of the current economic and funding landscape, and to ensure sustainability in the long-term. We encourage clients to consider short and long-term strategies, and to develop three distinct but complementary... continue reading

AAFCPAs Adds Tax Expertise to Support Continued Client Growth

AAFCPAs Adds Tax Expertise to Support Continued Client Growth

AAFCPAs is pleased to announce the addition of tax advisor Luis D. Kelly, MST, CPA to support the firm’s continued growth in our thriving Tax Practice for privately-held businesses. Luis combines deep sector insights with proven, innovative tax strategies to ensure the firm’s emerging and growth-stage clients are fully compliant, while balancing U.S. tax considerations with their worldwide tax optimization strategies. Luis provides forward-looking strategic advice to ensure businesses and their owners... continue reading

AAFCPAs to Present Workshop on Internal Controls & IT Countermeasures to Mitigate Risks

AAFCPAs’ Vassilis Kontoglis and David Kelleher will present an educational workshop on Best Practices in Internal Controls and IT Security to assist in mitigating risk at The Massachusetts Association of Early Education & Care (MADCA) Administration and Management Conference, in Worcester, MA on November 28th. Risk Management requires continuous improvement, and organizations must stay vigilant, and learn & adapt over time. In this interactive session, AAFCPAs will highlight critical risk... continue reading

AAFCPAs Cultivates Lush Giving Tree Again for #GivingTuesday

AAFCPAs Cultivates Lush Giving Tree Again for #GivingTuesday

We are happy to announce that AAFCPAs will again participate in #GivingTuesday, November 27th, 2018, a global day dedicated to giving! Celebrated on the Tuesday following Thanksgiving, #GivingTuesday provides a shift in focus from the widely promoted shopping events of Black Friday and Cyber Monday to the charitable giving season that comes with the holidays, AND the year-end deadline for charitable tax deductions. AAFCPAs is committed to maintaining our culture... continue reading

An Experienced Leader’s Perspective: Women Supporting Women

An Experienced Leader’s Perspective: Women Supporting Women

I was honored to be recognized recently as a recipient of the Massachusetts Society of CPAs’ (MSCPA) 10th Annual Women to Watch Awards. This award, in the Experienced Leader category, prompted me to reflect on my career and take stock in what I’ve accomplished. I’ve been a career-long advocate and regular speaker on the topic of retaining and re-entering women in the accounting profession. Twenty-four years ago, while attending a... continue reading

AAFCPAs Donates to Khadijah Medical Clinic

AAFCPAs Donates to Khadijah Medical Clinic

At AAFCPAs, we donate 10% of our net income annually back to nonprofits in an effort to use the power of business as a force for good. Recently, AAFCPAs as well as several individual team members donated to Khadijah Medical Clinic in Liberia, a small West-African country in recovery from civil war. This will be the first and only medical facility built in and around this remote part of Liberia,... continue reading

AAFCPAs Welcomes Consulting CFO Scott Posnick to Support Steady Growth of Managed Accounting Solutions Practice

AAFCPAs Welcomes Consulting CFO Scott Posnick to Support Steady Growth of Managed Accounting Solutions Practice

Boston, MA (November 11, 2018) – AAFCPAs, a best-in-class CPA and consulting firm known for assurance, tax, accounting, wealth management, valuation, business process, and IT advisory solutions, today announced the addition of Consulting CFO, Scott Posnick, CMA. Scott joins AAFCPAs’ growing Managed Accounting Solutions (MAS) Practice, which provides high-quality, cost-effective, cloud-based accounting and CFO solutions. He is a senior executive-level member of the Practice’s multi-functional team providing outsourced CFO oversight and strategic... continue reading

FASB Issues ASU 2018-17: Targeted Improvements to Related Party Guidance for Variable Interest Entities

AAFCPAs would like to make clients aware that the Financial Accounting Standards Board (FASB) on October 31, 2018, issued an Accounting Standards Update (ASU) that reduces the cost and complexity of financial reporting associated with consolidation of variable interest entities (VIEs). A VIE is an organization in which consolidation is not based on a majority of voting rights. The new guidance, based on recommendations from the Private Company Council (PCC),... continue reading

Carla McCall Awarded Outstanding Women in Business 2018

Carla McCall Awarded Outstanding Women in Business 2018

AAFCPAs is honored to announce that our firm’s Co-Managing Partner Carla McCall, CPA, CGMA was selected for the Worcester Business Journal’s (WBJ) 10th Annual Outstanding Women in Business awards. These distinguished awards recognize the achievements of strong, talented and remarkable women who are making their mark on the Central Massachusetts business community. “Carla’s dynamic executive leadership, confidence, enthusiasm to embrace change, and new ways of solving old problems is contagious and... continue reading