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AAFCPAs Jack Finning Earns Certified Business Exit Consultant Designation
AAFCPAs is pleased to announce that Jack Finning, CPA, CGMA, CBEC recently earned the Certified Business Exit Consultant® designation from Pinnacle Equity Solutions, Inc. To receive the CBEC designation, Jack achieved a significant level of distinction, demonstrating mastery of the exit planning process including the delivery of solutions that assist business owners with the largest […]
“Small” Is Bigger Than Ever
Is Your Business Eligible for Expanded Tax Benefits? Small businesses enjoy several tax advantages that may allow them to reduce their tax bills, defer taxes, and simplify the reporting process. Until recently, federal tax rules generally defined “small business” as one with average annual gross receipts of $5 million or less ($1 million or $10 […]
Movers & Shakers for February 22, 2021
Westborough accounting firm AAFCPAs announced managing partner CARLA MCCALL has been named one of 2020’s Most Powerful Women in the Accounting Profession by the American Institute of CPAs. The list names 25 women annually who are helping to advance the accounting profession.
Alabama Makes Significant Changes to Income Tax Structure
AAFCPAs would like to make clients doing business in Alabama aware of significant changes to the state’s income tax structure. On February 12th, Alabama enacted H.B. 170 which may affect 2020 tax returns as well as 2021 tax liability. AAFCPAs Highlights Alabama’s Tax Law Changes Below: Effective for Tax Years Beginning On or After January […]
AAFCPAs Promotes Allison Cree to Manager, Supporting Firm Growth
It is with great pleasure that AAFCPAs recognizes the professional skill, tremendous effort, and exceptional character of Allison Cree, CPA, MSA, who has recently been promoted to Manager. Allison has extensive experience providing audit, tax, and advisory solutions to sophisticated nonprofits, including multiservice human & social service providers, behavioral health providers, community health centers, charter […]
5 Tips for Safe Intrafamily Loans
If a relative needs financial help, offering an intrafamily loan may be a viable solution. But if not properly executed, such loans can carry negative tax consequences, such as unexpected taxable income, gift tax, or both. AAFCPAs Outlines Five Tips to Help Avoid Unwelcome Tax Surprises with Intrafamily Loans: Create a Paper Trail. In general, […]
AAFCPAs’ 2021 Nonprofit Educational Seminar
AAFCPAs is excited to announce that registration is now open for our 12th Annual Nonprofit Educational Seminar, scheduled for Wednesday, April 28. As a client and/or friend of AAFCPAs, your registration will be complimentary. We are excited this year to announce we will be hosting this popular event virtually! AAFCPAs’ Annual Nonprofit Educational Seminar is considered by […]
Carla McCall: One of BBJ’s 2021 Mentors for Mentoring Monday
AAFCPAs’ Managing Partner Carla McCall, CPA, CGMA will again volunteer her time, and share advice as a professional Mentor for the Boston Business Journal’s annual Mentoring Monday event, scheduled for February 22nd. The event will take place in 40 Business Journal markets on the same day, with hundreds of women in every market being coached. Sessions will […]
Meet the BBJ’s 2021 Mentors for Mentoring Monday
On Feb. 22, hundreds women plan to gather online and learn from one another at the Boston Business Journal’s annual Mentoring Monday event. The event will take place in 40 Business Journal markets on the same day, with hundreds of women in every market being coached.