Blog
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MA Taxpayers May Expect Refunds of Excess Tax Revenue
Massachusetts’ State Auditor Suzanne Bump recently announced that Fiscal Year 2022 (FY22) Massachusetts tax revenue collections exceeded the annual tax revenue cap set by Chapter 62F of the Massachusetts General Laws by $2.941 billion. This revenue will be returned to taxpayers in the coming months. In general, eligible taxpayers will receive a credit in the […]
Maryland SaaS Taxability
AAFCPAs would like to make clients aware of new Maryland sales tax legislation, which effectively narrowed the definition of digital products and changed the sales taxability of Software as a Service (SaaS), effective July 1, 2022. Background In March 2021, Maryland’s Office of the Comptroller issued guidance on digital products and announced that SaaS would […]
Human & Social Services Pod End of Summer Get Together
Team members in AAFCPAs’ Human & Social Services Pod enjoyed an end of summer 2022 get together, hosted by partners Jeffrey Cicolini, Tom Muldoon, and Katie Belanger.
What Do You Need To Do Your Best Work?
To do your best work, you first must be able to witness and evaluate your thoughts, rhythms and emotions. Self-reflection is important to understanding how you do your best work. I use the term best work, but what I really mean is engaged, happy and productive. Reflective questions to ask yourself include…
ProNovos and AAFCPAs Bring Construction Data Analytics to Contractors in Massachusetts and New Hampshire
Strategic partnership between analytics provider ProNovos and CPA and consulting firm AAFCPAs emphasizes benefits of data-driven approaches to WIP reporting, resource-management and more ATLANTA and BOSTON (September 15th, 2022) – New England construction contractors have a faster and easier way to benefit from analytics thanks to a new partnership between ProNovos and AAFCPAs. As part […]
Guidance on Lease Standard for Independent Schools
What Lessees Need To Know In February 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease transactions. Because of the significant changes contained in this ASU, though issued in 2016, the effective date for implementing the new accounting guidance was pushed to fiscal year 2023 for […]
AAFCPAs’ Apple Picking 2022
#Gratitude for all who brought their families to join AAFCPAs at our annual apple picking event!! Great day spent! #aafcpasfun #greatmindsgreathearts
The Most Pressing Data Use Challenges for CFOs
AAFCPAs’ 2021 CFO Survey disclosed results on the most pressing challenges CFOs face in connection to data use. We asked CFOs: What is your primary business or opportunity cost for not leveraging data? Respondents reported the lack of visibility / less informed decision-making due to not leveraging data as being the most challenging for their […]
Growth in AAFCPAs’ Managed Accounting Solutions Practice
Boston, MA (8/30/2022) – 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 Anne Mola, CPA, Alvin Rasmus, MBA, and Kimberly Rice. These professionals join the firm’s growing Managed Accounting Solutions Practice, which provides high-quality cloud-based accounting and advisory […]