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Westborough Accounting Firm Expands to Waltham With New Acquisition
Westborough accounting firm AAFCPAs announced on Monday it has acquired Waltham-based Scott A. Goffstein & Associates, increasing its staff to 34 partners and 240 employees. AAFCPAs plans to continue maintaining Goffstein’s office in Waltham, making it the fourth AAFCPAs office, along with Wellesly and Boston, according to the announcement. Goffstein’s office has 14 employees.
Regulatory Alert: Unemployment Scams & Snail Mail Stimulus Payments
Nationwide Unemployment Scam Targets Massachusetts Claimants AAFCPAs would like to make clients aware that on May 27th, 2020, the Massachusetts Department of Unemployment Assistance (DUA) announced that criminal enterprises in possession of stolen personal information from earlier national data breaches have been attempting to file large amounts of illegitimate unemployment claims through the Massachusetts DUA […]
AAFCPAs Acquires Scott A. Goffstein & Associates
Boston, MA (June 1, 2020) – AAFCPAs, a best-in-class CPA and consulting firm known for assurance, tax, accounting, wealth management, valuation, business process, and IT advisory solutions, today announced it has acquired Scott A. Goffstein & Associates, a 14-person CPA firm based in Waltham, MA. The acquisition brings additional high-quality expertise to AAFCPAs and accelerates […]
AAFCPAs Promotes Four to Manager to Support Firm Growth
It is with great pleasure that AAFCPAs recognizes the skill, effort, and character of four exceptional team members who have recently been promoted to Manager. Through their commitment and tireless enthusiasm to deliver excellence in service to our growing client base, each of the following individuals has earned this distinguished recognition and promotion to his […]
PPP Guidance on Hazard Pay, Bonuses, and Employees Who Decline to Return
AAFCPAs would like to make clients aware that the Small Business Administration (SBA) released an interim final rule on May 22nd confirming and clarifying a few points related to the Paycheck Protection Program (PPP) forgiveness calculation. Hazard Pay & Bonuses On page 11 of the interim final rule, the SBA clarifies that bonuses or hazard […]
MA Tax Implications of a Remote Employee Due to COVID-19
AAFCPAs would like to make clients aware that the Massachusetts Department of Revenue (DOR) issued a Technical Information Release (TIR) describing the Massachusetts personal income and withholding tax implications of an employee working remotely in a state other than the state where the employee previously worked, solely due to the Coronavirus pandemic. The TIR explains […]
Watch Now: AAFCPAs’ Guidance on SBA Loan Forgiveness Application
On Friday, May 15, 2020, the Small Business Administration (SBA) released its long-awaited Paycheck Protection Program (PPP) Loan Forgiveness Application & Instructions. When the PPP loan program was announced back in March, it left business owners and their advisors with more questions than answers. The application and instructions are not without issues, but they do […]
AAFCPAs Guidance on SBA Loan Forgiveness Application
UPDATE: On June 5th, the president signed into law the PPP flexibility act. You may read about those changes here: PPP Flexibility Act Extends Covered Period of Loan. As of June 16th, the SBA has yet to update their forgiveness application and therefore this blog will be updated once a new version of the application […]
Accounting Considerations When Establishing an Emergency Relief Fund
Charter Schools across the country have stepped up to assist families during this unprecedented time. In addition to successfully adapting to entirely remote learning and providing tools such as laptops and other technology, many Charter Schools provide curbside pickup meals to their students. As this worldwide pandemic continues, many Charter Schools have established Emergency Relief […]