Blog
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AAFCPAs’ Inaugural Alumni Reunion
Thank you to those who attended for making AAFCPAs’ inaugural Alumni Reunion such an overwhelming success! We had a great turnout and loved the opportunity to reconnect and see so many familiar faces. What was most humbling for us was hearing about the positive impact AAFCPAs made on so many careers. We are equally thankful […]
Use Tax Audits on the Rise
AAFCPAs would like to make clients aware that there has been an increase in the number of use tax audits being conducted in various states. As jurisdictions look to increase tax revenue, use tax audits may be considered a simple way to drive revenue through tax collections, penalties, and interest. What is use tax? While […]
AAFCPAs Provides the Technical Blueprint To Unite a Portfolio of Vertically Integrated Entities
When a multifaceted and rapidly expanding energy resource company grew to the point that it was challenged to maintain its general ledger, client billing, and project management functions, the company was faced with a choice. It would need to either hire additional personnel or pursue digital transformation. But digital transformation required time, dedication, and insight […]
Enter to Win a Ticket to BBJ’s 2024 CFO of the Year Awards
AAFCPAs is pleased to again sponsor the Boston Business Journal’s 16th annual CFO of the Year awards program in honor of top chief financial officers leading companies in the greater Boston region. These awards honor those whose work and commitment helped their companies and organizations—and in turn our economy—survive and thrive particularly in these challenging […]
AAFCPAs Invited To Present at NCSC24
AAFCPAs’ John Buckley, CPA, CGMA has been invited to present on financial health when operating a strong charter school/network at NCSC24, the largest national gathering of educators, advocates, and leaders in the charter school community. This year’s conference will be held June 30 to July 3, 2024. In his presentation, John will touch on the […]
Response Divided on New 340B Legislation
AAFCPAs would like to make clients aware that legislation designed to overhaul the 340B program was recently introduced. This legislation, previously coined the 340B Affording Care for Communities and Ensuring a Strong Safety-Net Act (340B ACCESS Act), seeks to establish new transparency and oversight requirements and capture policy principles agreed upon in the Alliance to […]
ESSER Program Removed From Higher Risk Designation
AAFCPAs would like to make clients aware that the U.S. Office of Management and Budget (OMB) under the Office of Federal Financial Management released the 2024 OMB Compliance Supplement, removing the Elementary and Secondary School Emergency Relief (ESSER) program from the listing of programs with higher risk designation. Many charter schools have undergone an audit […]
U.S. Department of Labor Issues Final Rule on Employee vs. Independent Contractor Classification
AAFCPAs would like to make clients aware that the U.S. Department of Labor issued its final rule on employee versus independent contractor classification under the Fair Labor Standards Act. Effective March 11, 2024, this final rule provides guidance on how employers determine employee versus independent contractor status. Relying on a multifactor economic reality test, the […]
Carla McCall, CPA, CGMA – 2024 Most Powerful Women in Accounting
CPA Practice Advisor (June 4, 2024) – I’ve worked on women’s advancements since 2011 when I introduced AAFCPAs’ Women’s Opportunity Network (WON), which is essentially an Employee Resource Group (ERG) to give women connections, confidence, and capabilities to excel in their career. It has served as a safe space to discuss issues and experiences. In […]