Blog
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Stock Market Volatility Complicates Investment Advice
It’s been a worrying few months financially since the coronavirus pandemic hit in March – and that’s for those who’ve kept their job or their business in operation. A recession began in February and worsened quickly when businesses were forced to close in an effort to curtail the spread of the virus and sent the […]
Carla McCall of AAFCPAs Elected to AICPA Board of Directors
AAFCPAs is excited to share that Carla McCall, CPA, CGMA has been officially elected to serve as a member of the Board of Directors of the American Institute of Certified Public Accountants (AICPA) for a three-year volunteer term beginning in May 2020 and ending in 2023. She joins a distinguished executive committee of the AICPA […]
Guidance for Businesses Navigating the Financial Crisis
As you may be aware, the Senate and House have both passed an extension to the deadline for businesses to apply for the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) loan program. The measure will now go to the President for his signature. Still, much uncertainty remains, including the promise of another federal aid […]
Overcome Cyber Security Challenges of a Remote Workforce
COVID-19 has challenged businesses to think about operations in a new way, and in many cases, your IT specialists may be supporting students and faculty for the first time ever that were never intended or conceived to be remote or fully remote. With an increased risk of students and faculty falling prey to cyber-attacks, AAFCPAs […]
The Current Economy Presents Opportunities in Estate Planning
The current economic environment presents opportunities for high-net-worth individuals to maximize the benefits of estate planning to leverage tax exemptions and insulate your assets. Why is now a good time for estate planning? How can you maximize estate tax exemptions, market values, and interest rates while maintaining control of your assets? In initial consultations with […]
Five Internal Control Modifications Needed in Response to the ‘New Normal’
Some organizations’ internal control frameworks and operational processes did not skip a beat when faced with the disruptions caused by COVID-19. Especially those who had already implemented cloud-based systems and remote-enabled processes. Others were forced to “change the tire while driving.” During this pandemic, organizations have been challenged by processes executed with fewer people and […]
Guidance on the SBA’s New Applications for PPP Loan Forgiveness
On June 16th the Small Business Administration (SBA) released a series of new applications and instructions for the forgiveness calculation for the Paycheck Protection Program (PPP) loans. The application has been broken down into two documents: application and instructions. A new, simpler EZ form with corresponding instructions has also been introduced. AAFCPAs has provided for […]
Charter Schools Connect: Managing the Remote Business Office
COVID-19 has challenged businesses to think about operations in a new way. In this 11-minute webcast, AAFCPAs’ Charter School Practice Leaders John Buckley, CPA, CGMA and Nichole Reilly, CPA, MBA share insights and best practice recommendations for Charter School clients about overcoming internal control and segregation of duties challenges for a remote business office. AAFCPAs […]
Take care of your staff’s mental health during COVID-19
Working remotely can be challenging at any time, but now employees have to deal with additional responsibilities during extended isolation. “Firm leadership needs to communicate firmwide, regularly, the importance of prioritizing mental health,” said Carla McCall, CPA, CGMA, managing partner of AAFCPAs.