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AAFCPAs Welcomes New Tax Director to Support Growing Complexities of Multi-State Taxation

AAFCPAs Welcomes New Tax Director to Support Growing Complexities of Multi-State Taxation

Boston, MA (August 31, 2020) – AAFCPAs, a 240+ member CPA and consulting firm known for tax, assurance, accounting, wealth management, business process, and IT advisory solutions, today announced the addition of Kelly Zack, MST, Director, State & Local Tax. Kelly has almost 20 years of state tax consulting experience within both public accounting and […]

Multi-State Worker Tax Considerations

AAFCPAs would like to make clients aware that Congress has introduced a bill under H.R. 7968 that would limit a state’s ability to tax nonresident telecommuters. The general rule is that an employee pays income taxes to the state where wages are earned, which can be different than the state where the employee lives. This […]

IRS Deadline to Return RMDs is Aug. 31

AAFCPAs reminds clients who are IRA owners, beneficiaries or workplace retirement plan participants and received a Required Minimum Distribution (RMD) this year that they have until August 31 to rollover or repay the distribution to avoid paying taxes. The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, waives RMDs during 2020 for IRAs […]

AAFCPAs Helps Clients Prepare a 360 Degree Action Plan for Business Continuity

On March 11, the World Health Organization (WHO) declared the novel Coronavirus an official global pandemic. Businesses across the globe experienced interruptions, shortages, and other unexpected challenges that impacted multiple aspects of their organizations. Many continue to struggle to adapt. Some industries, like hospitality, are dealing with acute slowdowns in their operations and revenue. Others, […]

Implementation Tips Specific to Sage Intacct

Implementing a new accounting software application requires significant investments in time, energy, and financial resources. A proper implementation plan is key to maximizing the long-term value of your new system. In a previous blog, AAFCPAs’ Business & IT Consulting practice outlined best practice recommendations to ensure clients get the most out of the new system.  […]

Carla McCall Named to National Managing Partner Elite List for 2020

Carla McCall Named to National Managing Partner Elite List for 2020

AAFCPAs is honored to announce that Managing Partner Carla McCall, CPA, CGMA was selected for Accounting Today’s national 2020 Managing Partner Elite list. The annual MP Elite list always represents the nation’s most outstanding CPA firm leaders, but this year’s class of managing partners is notable for exemplary leadership amid the extraordinary events and challenges […]

AAFCPAs Celebrates 2020 National Health Center Week

Next week, August 9-15, 2020, is National Health Center Week, and AAFCPAs invites you to join us again this year in celebrating the great work and significant impact of these consumer-driven and patient-centered organizations! This year, our nation’s Community Health Center employees are on the frontlines of COVID-19. Since the pandemic struck, Community Health Centers […]

AAFCPAs Hosts Successful Intern Development Program

AAFCPAs Hosts Successful Intern Development Program

The COVID-19 pandemic has offered unique constraints this year, but AAFCPAs remained committed to offer our meaningful internship experience for aspiring accountants. Internships are an important tool for students who use this time to explore interests and help inform their decisions about the future. Additionally, AAFCPAs leverages our internship program to identify and offer full-time […]

IRS Issues Guidance on Deduction for FDII, GILTI

AAFCPAs would like to make clients aware that the IRS and Treasury issued final regulations recently covering the Section 250 deduction for foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI). FDII and GILTI were introduced to US tax law as part of the 2017 Tax Cuts and Jobs Act and apply to domestic […]

Mitigate Risks Associated With Outsourcing Services

If you outsource services such as payroll processing, loan servicing, data center/co-location/IT Managed Services, Software as a Service (SaaS), or medical claims processing, you rely on the service provider to keep your data secure, maintain confidentiality, integrity of processing, availability of services or systems, and/or privacy.  However, AAFCPAs reminds clients that outsourcing may expose your […]