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The State of Cannabis Rescheduling: Where Does It Stand?
AAFCPAs would like to make cannabis clients aware that the public commentary period on cannabis rescheduling has ended, marking a key turning point in the ongoing debate over cannabis regulation. On July 22, the commentary period officially closed, with more than 43,000 comments submitted. The overwhelming majority of comments favored complete cannabis descheduling rather than […]
Seminar Recap: 2024 Employee Benefit Plan Risk Update
During AAFCPAs’ recent Nonprofit Seminar (April 2024), Shawn P. Huxley, CPA, MSA and Davide Villani, CPA, CGMA updated approximately 400 attendees on employee benefit plan risk. The full session was recorded and may be viewed as a webcast at your convenience.>> Secure Act 2.0 Overview Secure Act 2.0 is designed to increase access to retirement […]
IRS Launches Second Employee Retention Credit Voluntary Disclosure Program
AAFCPAs would like to make clients aware that the Internal Revenue Service introduced its second Employee Retention Credit (ERC) Voluntary Disclosure Program, which runs until November 22, 2024. This initiative allows businesses to correct improper ERC payments at a 15 percent discount and avoid future audits, penalties, and interest. Under this program, businesses will need […]
Video: Ana Rodriguez, AAFCPAs’ 2023 I&B Award Recipient
We recently sat down with Ana Rodriguez, an inspiring leader at AAFCPAs and the proud recipient of our 2023 I&B Award. Ana was selected by her peers for this award because she exemplifies our commitment to inclusion and belonging through her actions, the education of others, and communication of what I&B means to AAFCPAs. In […]
Expert Tip from AAFCPAs – 340B Report Guest Blog
340b Report (August 15, 2024) – Monitoring and maintaining an active patient listing (APL) for all patients whose prescriptions qualify as eligible under the 340B program is imperative. This APL should be updated daily and maintained through the electronic medical record system. The entity’s 340B policy should specify the time period during which a patient […]
Why a Business Process Assessment is Essential for Successful System Implementation
While it is more instant gratification to skip analysis before selecting the pretty new system with fancy bells and whistles, this may lead to poor fit, high cost, security exposures, downtime, disruption, issues with scalability, and long-term vendor dependance. Employees may also feel resistant to change and frustrated by the new system right off the […]
Seminar Recap: Unlocking the CFO’s Role in Digital Transformation
During AAFCPAs’ recent Nonprofit Seminar (April 2024), Robyn Leet and Joyce Ripianzi, CPA briefed approximately 400 attendees on ways CFOs can unlock digital transformation within their organization. The full session was recorded and may be viewed as a webcast at your convenience. >> Faced with resource constraints, nonprofit organizations are driven to keep operations lean […]
How Schools Confidently Navigate Facilities Expansion
While the design and construction of a new academic facility can be an ambitious and exciting undertaking, it may present financial challenges. To ensure project success and to mitigate risk, it is critical to proactively plan for accounting and financial implications before you break ground. Take for example one of AAFCPAs’ independent school clients that […]
Janice O’Reilly Joined Panel on Driving Transformation and Growth
AAFCPAs’ Janice O’Reilly, CPA, CGMA spoke as a panelist during an exclusive dinner event on “Driving Transformation and Growth: Unlocking Your Company’s Value”. Janice joined top business leaders to share her thoughts on ways entrepreneurs, business owners, and CEOs are finding success in challenging times. A lively panel discussion led by Tom Sherwin, President & […]