Blog
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SOC Report: Why are our Sales & Marketing Teams Insisting we have one?
Prospects may ask for a SOC report as a way to assess the controls and processes in place at an organization before doing business with them. Many organizations, particularly in regulated industries or those that handle sensitive information, are required to demonstrate compliance with relevant regulations and industry standards. A SOC report can be an […]
Alex Santiago Earns Certified Ethical Hacker Credential
Boston (1/25/2023) – AAFCPAs, a leading CPA and Consulting firm based in New England, is pleased to announce Alex Santiago, Senior Associate, Business Process & IT Consulting, has earned the Certified Ethical Hacker (CEH) credential, a preeminent designation for information security professionals awarded by the EC-Council. (The International Council of Electronic Commerce Consultants). Alex is […]
AICPA Town Hall Technical Updates & Practice Strategies
AAFCPAs’ Managing Partner Carla McCall, CPA, CGMA contributed as a speaker at the AICPA’s first Town Hall of 2023, held January 5. They hosted nearly 9,000 attendees on this webcast. Carla is a member of the Board of Directors of the AICPA and Chair of its Audit & Finance Committee. Barry Melancon, president and […]
How Sage Intacct Enhances Financial Operations for AAFCPAs’ Clients
AAFCPAs’ expertise in cloud-based accounting solutions continues to expand with our longstanding collaboration with Sage Intacct, a recognized leader in financial management technology. This partnership reflects our commitment to providing clients with scalable tools to optimize financial operations, improve decision making, and stay competitive in today’s business environment. Sage Intacct, the only AICPA-recommended accounting platform, […]
Guidance: CECL Standard for CDFIs
The long-awaited Current Expected Credit Losses (CECL) Standard, Accounting Standards Update 2016-13 – Financial Instruments-Credit Losses (Topic 326) will be effective for nonpublic business entities and not-for-profit entities for fiscal years beginning after December 15, 2022. This means CECL will be effective for the calendar year 2023 reporting period and fiscal year 2024 for off-year […]
Investment Performance – 2022 Recap.
As we look back on 2022, there are things for which we can be grateful, but market performance is certainly not one of them. Investment Performance – 2022 Recap. Around the world, few markets provided positive performance in what turned out to be the worst year for US investors since the Great Financial Crisis of […]
More Ideas for Future Firms
Accounting Today (January 16th, 2023) – Legislation, regulation, market demand, new technologies and demographics have traditionally been the most common drivers of change in the accounting profession — but more and more, new ideas are what are reshaping firms. From new business models and innovative approaches to employment and…
Dan Seaman Named Tax Partner
Boston, MA (1/10/2023) – AAFCPAs, a best-in-class CPA and consulting firm known for tax, assurance, accounting, wealth management, business process, and IT advisory solutions, today announced that Daniel Seaman, CPA has been promoted to Tax Partner, effective January 1, 2023. Dan specializes in providing strategic tax planning & compliance solutions for individuals, families, and fiduciaries. […]
Secure Act 2.0 & the YE Spending Bill
On Friday, December 23, 2022, the U.S. House of Representatives followed the Senate’s lead and passed a $1.7T spending bill (Consolidated Appropriations Act of 2023) that included changes to retirement savings, otherwise known as the Secure Act 2.0. The bill was signed by President Biden on December 29, 2022. These provisions affect individuals with retirement […]