Blog
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PPP Payment Due Dates Approaching
AAFCPAs reminds clients who received Paycheck Protection Program (PPP) loans of the payment due dates. PPP borrowers are eligible to apply for forgiveness at any time before their loans’ maturity date (loans made before June 5, 2020 generally have a two-year maturity, while loans made on or after that date have a five-year maturity, although […]
6 tips for asking for help improving professional skills
(Financial Management Nov 2021) With all the pressures of the modern workplace, it can be tempting to approach skills improvement piecemeal, but asking for, and accepting, help is key to unlocking your greatest potential. In the current environment, where technology and workplace dynamics are evolving at breakneck speed, finance professionals need to be continuously growing […]
Cannabis Business Owners: Are you ready for an exit?
Cannabis Business Executive (Nov 2021) – Consolidation is a defining aspect of the cannabis industry in its current stage. Mergers and acquisitions are mounting at a breakneck pace. Those who want to capitalize on the sector’s appetite for acquisitions need to evaluate three key considerations if they are poised for an exit:
Watch Now: 2021 Year-End Tax Planning & Compliance for Individuals, Families, and Trusts
AAFCPAs Tax Leaders provide an overview of what you need to know heading into year-end 2021. Congress tends to enact tax law changes every year. They also tend to put off passing tax legislation until the 11th hour. As we approach the end of 2021, this continues. AAFCPAs monitors closely the status of emerging legislation, […]
Watch Now: 2021 Year-End Tax Planning & Compliance for Privately Held Companies
AAFCPAs Tax Leaders provide an overview of what you need to know heading into year-end 2021. Congress tends to enact tax law changes every year. They also tend to put off passing tax legislation until the 11th hour. As we approach the end of 2021, this continues. AAFCPAs monitors closely the status of emerging legislation, […]
MA Charter School end of Year Financial Report Reminder
AAFCPAs reminds Massachusetts charter school clients that the Charter School End of Year Financial Report (CSEOYFR) is due to Massachusetts Department of Elementary and Secondary Education (DESE) by December 1, 2021. As auditors, it is our responsibility to follow the Massachusetts Charter School Audit guide as part of our audit procedures. Historically, this guide has […]
Watch Now: AAFCPAs’ Guide to Lease ASU Implementation
Implementing FASB Accounting Standards Update No. 2016-02, Leases (Topic 842) On February 25, 2016, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) intended to improve financial reporting about leasing transactions. The adoption of Topic 842 has been postponed twice by the FASB. After the latest delay, attributed to the COVID 19 […]
Meet Mr. Anderson, AAFCPAs’ Certified Ethical Hacker
AAFCPAs’ reminds clients that October is cybersecurity awareness month in the United States. AAFCPAs performs Information Technology (IT)/Cyber Security Assessments which help clients identify risks from the use of technology that could potentially cause information loss and/or financial and reputational harm to your organization. Our assessments include Vulnerability & Penetration testing performed by Mr. Anderson, […]
MA Nonprofit Annual Report Due by Nov 1
AAFCPAs reminds clients that every nonprofit corporation organized under the laws of the Commonwealth of Massachusetts must file a nonprofit Annual Report with the Corporations Division on or before November 1st of each year. Failure to file can lead to a loss of “good standing” as a corporation in Massachusetts. Learn more here: https://www.sec.state.ma.us/cor/corpweb/cornp/npfrm.htm