Blog
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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 […]
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 […]