Blog
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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 […]
IRS Delays Implementation of $600 threshold for 1099-K
AAFCPAs would like to make clients aware, the IRS recently announced a delay of the new 1099-K reporting requirements for calendar year 2022. As a part of The American Rescue Plan Act of 2021 (ARPA), third-party settlement organizations (e.g., PayPal, Venmo, etc.) were required to issue a form 1099-K for those receiving more than $600. This requirement […]
AAFCPAs Celebrates 50 Years of Impact, 1973 – 2023
AAFCPAs debuted in 1973 and has made a positive impact in many people’s lives ever since. True to the mission of our founders, AAFCPAs remains committed to improving the economic well-being and quality of life for all constituents. This includes our employees, clients, vendors, and the communities we serve. The sincerity and authenticity with which […]
Kevin Hodson Earns Chartered Market Technician (CMT®) Designation
AAF Wealth Management is pleased to announce that Kevin P. Hodson, CMT, AIF®, Wealth Advisor, has earned the Chartered Market Technician (CMT®) credential, a designation for professional technical analysts awarded by the CMT Association. Kevin has been awarded this preeminent, global designation in recognition of his mastery of a core body of knowledge of investment […]
Affordable Housing Sponsors Approaching LIHTC Property Transitions
The Low-Income Housing Tax Credit (LIHTC) program, enacted in 1987, has been paramount for financing the construction and rehabilitation of properties in low-income communities. The credits are claimed by the investor over a period of 10 years, with a 15-year Federal compliance period. Additionally, there is an overall 30-year restricted use-period with the state housing […]
AAFCPAs Expands Tax Practice with Addition of Vojnich & Bankston
Boston, MA (12/20/2022) – AAFCPAs, a best-in-class CPA and consulting firm known for tax, assurance, accounting, wealth management, business process, and IT advisory solutions, today announced the addition of Marc Vojnich, CPA, and Lance A. Bankston. These professionals join the firm’s growing tax practice. Marc Vojnich, CPA Marc Vojnich, CPA joins AAFCPAs as Director, Tax […]
SOC 2 Meets Death Master File Certification Requirements
The System and Organization Controls (SOC) framework may be mapped to achieve requirements of the National Technical Information Service’s (NTIS) Limited Access Death Master File (LADMF) certification. When choosing SOC 2 to achieve your LADMF certification, businesses may also benefit from the marketing value of their SOC 2 attestation, which demonstrates your commitment to access […]
Process Assessment/System Selection Webinar: Watch Now
In some cases, business processes may be improved through optimization of existing technology and enhanced user training. In other cases, organizations may have simply outgrown their processes and/or systems. In this webinar, recorded on January 24th, leaders in AAFCPAs’ Business Process & IT Consulting practice provide insight for CFOs contemplating a change in their operations […]
5 Ways to Develop as an Authentic Leader
When leaders are genuine, self-aware, and show who they are as people, they inspire loyalty and trust in their employees. The following content, including insights from AAFCPAs’ Managing Partner Carla McCall, appeared in FM Magazine. The concept of authentic leadership has been around for many years. Bill George, Harvard professor and former Medtronic CEO, has […]