Blog
Our Blog acts as a great resource of topical information for the finance community. Use the search function to find specific topics or browse our categories to benefit from our past shared learnings.
How the SECURE Act May Change Your Retirement Savings
AAFCPAs Wealth Management would like to make clients aware that the recent federal government spending package, signed by the president in mid-December, included the SECURE Act, or the Setting Every Community Up for Retirement Enhancement legislation. The legislation contains significant changes to Individual Retirement Account (IRA) rules, company sponsored retirement plans, and several other changes […]
AAFCPAs’ Cannabis Practice Director to Speak at WBJ 2020 Cannabis Forum
AAFCPAs’ Cannabis Practice Director will serve on a Cannabis Accounting and Banking panel on Wednesday, January 15th, 2020 hosted by the Worcester Business Journal. In this panel breakout session, Kevin will shed light on recent developments relating to access to banking, including the SAFE Banking Act and current available options in MA. This event is […]
Financial Trends in Behavioral Health Housing
There is no shortage of need for the services provided by AAFCPAs’ Behavioral Health clients who provide residential, clinical, and day services. Commercial businesses facing such opportunities would simply invest in supply to meet demand; however, the health and human services sector faces a myriad of challenges to grow, including capital financing and talent shortfalls. […]
AAFCPAs Promotes Four to Partner to Support Continued Growth
Westborough, MA 1/8/2020 – AAFCPAs is excited to announce the promotion of four additional Partners to our leadership team. Katie Belanger, CPA, Joshua England, LLM, Esq., Courtney McFarland, CPA, MSA, and Michael Pruell, CPA provide best value assurance, tax & advisory solutions, with outstanding service to AAFCPAs’ growing client base of nonprofit organizations, privately-held commercial […]
Value-Based and Alternative Payment Methodologies Require a New Approach to Data Analysis, Reporting
Since the inception of electronic medical records and practice management systems, healthcare facility finance teams have had an overwhelming amount of data at their disposal that has gone largely underutilized. With the emergence of Accountable Care Organizations (ACOs) and other alternative payment methodologies (APMs), providers have been asked to become more patient-focused, implementing care management […]
AAFCPAs Announces Peer Nominated Team Spirit and Excellence in Client Service Awards
AAFCPAs is pleased to announce the winners of the firm’s annual, peer-nominated Team Spirit and Excellence in Client Service awards, which recognize and reward team members who continuously make an exceptional effort and exemplify AAFCPAs’ core values. Team Spirit At AAFCPAs, we deliver outstanding results for our clients by hiring good people with great talent […]
President Signs Law: Repeals Nonprofit Tax, Extends Key Tax Provisions, and Overhauls Retirement Plan Rules
The federal government spending package, titled the Further Consolidated Appropriations Act, 2020, does more than just fund the government. The Act, signed into law by the President last Friday, December 20, 2019, officially repeals the tax on nonprofit transportation fringe benefits and provides a new flat private foundation excise tax. It also extends certain income […]
House Passes Agreement to Repeal Tax on Nonprofit Parking, Transportation Fringe Benefits
AAFCPAs is excited to share with our nonprofit clients and their dedicated employees, on December 17, 2019, the House of Representatives passed an agreement (cited as the Taxpayer Certainty and Disaster Tax Relief Act of 2019, originally introduced in June 2019), which includes much welcomed provisions to repeal the tax on nonprofit transportation fringe benefits […]
What Happens If I Live a Long Life and Need Long Term Care?
As we enjoy time with our loved ones this holiday season, AAFCPAs Wealth Management encourages readers to proactively explore an important family question: if I live a long life and need long term care, who will provide that care and how will it impact them? Unfortunately, many only consider this financial and emotional burden after […]