2020
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12.17
Is a Roth IRA Conversion Right for You This Year?
The COVID-19 pandemic has caused significant instability in the global markets and the U.S. economy. In these uncertain times, AAFCPAs reminds clients to consider measures to protect your retirement nest egg over the long term. One strategy our clients are considering is converting a traditional IRA to a Roth IRA. Traditional vs. Roth First, let […]
2020
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12.17
IRS Provides Guidance on Safe Harbor Plans
AAFCPAs would like to make clients aware that the Internal Revenue Service (IRS) recently issued Notice 2020-86 addressing certain provisions of the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) affecting safe harbor plans, including safe harbor 401(k) plans and certain 403(b) plans. A safe harbor 401(k) plan is similar to […]
2020
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12.16
IRS Issues Final Regulations on 1031 Exchanges
AAFCPAs would like to make clients aware of new IRS regulations which provide guidance related to Section 1031 Like-Kind exchanges. Under the like-kind exchange rules, a taxpayer may defer a gain on a sale of property when they exchange that property for another similar property and certain requirements are met. Under the 2017 Tax Cuts […]
2020
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12.15
Cyber Actors Target K-12 Distance Learning
AAFCPAs would like to make education clients aware that the Federal Bureau of Investigation (FBI), the Cybersecurity and Infrastructure Security Agency (CISA), and the Multi-State Information Sharing and Analysis Center (MS-ISAC) have assessed that malicious cyber actors are targeting kindergarten through twelfth grade (K-12) educational institutions, leading to ransomware attacks, the theft of data, and […]
2020
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12.09
AAFCPAs’ #GivingTuesday Employee Match Donates Over $32K to Charities
In 2020, AAFCPAs celebrated our fifth annual participation in #GivingTuesday, a global generosity movement unleashing the power of people and organizations to transform their communities and the world. Collectively, AAFCPAs’ 240+ team members and our Charitable Foundation’s Employee Matching Gifts program donated over $32,000 to mission driven nonprofits during the 2020 #GivingTuesday drive! AAFCPAs’ five-year […]
2020
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12.07
Forbes 2021 Best Tax & Accounting Firms
Need business advice? Call your CPA firm. “This year was the perfect case study for why companies should consider leaning on their CPAs as key advisors,” says Carla McCall, managing partner with regional powerhouse AAFCPAs in Westborough, Massachusetts.
2020
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12.04
Technology Insights: How Can Firms Take the Next Step?
Digital transformation has had a powerful impact on all aspects of our lives, both in business and in our day-to-day living. The COVID-19 pandemic has forced many firms into adopting new technology during a difficult and turbulent time. More than ever before, accounting firms need help to navigate digital choices which, at a minimum, will keep the […]
2020
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12.04
ESSER Funds May Subject Charter School to Federal Single Audit
In response to the COVID-19 pandemic, federal funding has been available to charter schools through the Massachusetts Department of Elementary and Secondary Education (DESE) under the Coronavirus Aid, Relief and Economic Security (CARES) Act. The most significant of this funding is the Elementary and Secondary School Emergency Relief (ESSER) funds. While these funds are and […]
2020
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12.01
Carla McCall & Bob Rivers: FEI-Boston Fireside Chat
AAFCPAs Managing Partner Carla McCall, CPA, CGMA will host FEI Boston’s “A Closer Look” featuring Bob Rivers, CEO of Eastern Bank. Bob has been a long-time, widely respected advocate in the Boston business community on behalf of social justice and sustainability causes and an instrumental force in taking America’s oldest and largest mutual savings bank […]
2020
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11.30
Nonprofit Executive Power Hour
AAFCPAs Partner Katie Belanger, CPA will offer her expertise in an educational webcast for nonprofit executives on December 8th to share ideas, thoughts, and cautions around a spectrum of administrative functions, including finance, technology, compliance, risk, insurance, and culture. Nonprofit executives have never faced as many challenges as they are right now, and their ability […]