Blog
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Study Shows IRS Audits Black Taxpayers at Much Higher Rate
AAFCPAs Tax Consulting Attorney Joshua England, Esq. was interviewed by Erica Sandberg for U.S. News & World Report’s recent article on a Stanford Institute for Economic Policy Research report, which suggests Black taxpayers are audited disproportionately. Some experts believe the reasons are socioeconomic.
Carla McCall to Speak at PrimeGlobal Women’s Leadership Summit
AAFCPAs’ Managing Partner Carla McCall, CPA, CGMA will serve as a speaker at the PrimeGlobal 2023 Women’s Leadership Summit in New Orleans. In this candid discussion, Carla shares her career path from staff accountant to managing partner. She reflects on the best piece of advice she received that helped her get to where she is today: be […]
AAFCPAs Welcomes Dawn Hagman as Chief Talent Management Officer
Boston, MA (April 10, 2023) – New England-based AAFCPAs, a preeminent 300-member CPA and consulting firm specialized in tax, assurance, accounting, wealth management, business process and IT advisory solutions, is pleased to announce the addition of Dawn Hagman as Chief Talent Management Officer. Dawn brings nearly 25 years of Human Resource experience to the organization […]
Review Occupancy, Cost Allocation Plans
The pandemic distancing and response requirements prompted many Human & Social Services provider organizations to reconfigure open space (such as conference & meeting rooms), in many cases resulting in more space being utilized directly in programs in furtherance of the mission. In many cases, these space management strategies have lasted beyond the pandemic, and AAFCPAs […]
Cap Table Maintenance Streamlines Tax Compliance
AAFCPAs advises clients to maintain their capitalization (cap) table throughout the year to avoid frustration, delays, and a compressed tax filing deadline. Accurate and up-to-date information: By maintaining the capitalization table throughout the year, businesses can ensure that the information is accurate and up-to-date, reflecting any changes in ownership, equity investments, and other capital transactions […]
A Startup’s First Steps to SOC Readiness
Early-stage companies have a lot to contend with, including funding, staffing, infrastructure, product development, and marketing, which can create a chaotic environment. Those that collect personal identifiable information or health information as part of their business model also must add earning their SOC (System and Organization Control) certification to the list. The SOC Report has […]
Bitcoin Bump and a Looming Tequila Shortage
Bloomberg (March 21st, 2023) – Bloomberg Baystate Business With Tom Moroney, Joe Shortsleeve, Kim Carrigan, Anne Mostue and Janet Wu 3-20-23 Janet Wu speaks with John Buckley, Partner and consultant with AAFCPAs, about advice he is giving to businesses after the SVB collapse. Tamara Small, CEO of NAIOP Massachusetts, tells us why she is urging […]
Bill Introduced to Repeal R&D Expense Capitalization
AAFCPAs provides the following update to clients with expenditures incurred in connection with your trade or business which represent research and development costs in the experimental or laboratory sense. On Thursday, March 16th, Senators Maggie Hassan (D) of New Hampshire and Todd Young (R) of Indiana reintroduced a bill to repeal the required capitalization of […]
Historic Tax Credit: Changes Proposed to Make it More Accessible, Attractive
On March 2, 2023, Senators Cardin (Maryland), Cassidy (Louisiana), Cantwell (Washington), and Collins (Maine) reintroduced the Historic Tax Credit Growth and Opportunity Act (HTC-GO). This legislation was originally proposed back in 2021. HTC-GO has many beneficial proposed changes to the current historic tax credit program. The four proposed permanent provisions are: 30% tax credit increased […]