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Statement of Cash Flow Considerations for Nonprofits Implementing the New Financial Statement Presentation Framework
AAFCPAs advises nonprofits in assessing the impact of the new Accounting Standards Update (ASU) No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities, and we provide guidance throughout the transition process. The new financial statement framework affects nonprofit organizations in all industries (i.e. healthcare, affordable housing, social services, foundations, and education) and […]
AAFCPAs Celebrates National Health Center Week
This week, August 12-18, 2018, is National Health Center Week, and AAFCPAs invites you to join us in celebrating the great work and significant impact of these consumer-driven and patient-centered organizations! Did You Know Health Centers… Serve as the health care home for more than 27 million patients in over 10,000 communities across the country; Reduce health care costs […]
Janice O’Reilly Honored as Woman to Watch
AAFCPAs is excited to announce Janice O’Reilly, CPA, CGMA will be honored as a recipient of the Massachusetts Society of CPAs’ (MSCPA) 10th Annual Women to Watch Awards. These prestigious awards honor women who have made significant contributions to the accounting profession, their organizations, community, and in the development of women as leaders. Janice will […]
Tracy LeMaire Honored as Woman to Watch
AAFCPAs is excited to announce Tracy LeMaire, CPA, MBA will be honored as a recipient of the Massachusetts Society of CPAs’ (MSCPA) 10th Annual Women to Watch Awards. These prestigious awards honor women who have made significant contributions to the accounting profession, their organizations, community, and in the development of women as leaders. Tracy will […]
Guidance on How UG Procurement Standards Affect Charter Schools
AAFCPAs’ John Buckley, CPA, CGMA discussed challenges and opportunities facing Charter Schools while attending and presenting at this year’s National Charter School’s Conference in Austin, TX. In conversations, John learned that many schools have yet to formally update their procurement policies to reflect the Uniform Guidance (UG) procurement standards. As a reminder, the grace period for non-federal entities […]
Investment Return Considerations for Nonprofits Implementing the New Financial Statement Presentation Framework
AAFCPAs advises nonprofits in assessing the impact of the new Accounting Standards Update (ASU) No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities, and we provide guidance throughout the transition process. The new financial statement framework affects nonprofit organizations in all industries (i.e. healthcare, affordable housing, social services, foundations, and education) […]
Educational Podcast: Keynote Marylou Sudders
Listen to Podcast Click here to listen to podcast or use the above media player. At the time of this post, Marylou Sudders leads the largest executive agency in state government, overseeing a $22 billion state budget, twelve agencies and 22,000 public servants. EOHHS services directly touch the lives of slightly more than 1 in […]
AAFCPAs’ David Consigli Earns Certified Divorce Financial Analyst Credential
AAFCPAs’ Director of Business Valuation Services, David Consigli, Jr., CPA, ABV, CPVA, CDFA, has been awarded the Certified Divorce Financial Analyst (CDFA) credential issued by The Institute for Divorce Financial Analysts (IDFA). Dave was awarded the CDFA credential in recognition of his earned expertise in valuing the financial effect of any given divorce settlement. Dave earned […]
Tax Cuts and Jobs Act: Opportunity Funds Target a New Pool of Investors to Affordable Housing Projects
AAFCPAs would like to make clients aware that The Tax Cuts and Job Act (TCJA) created a new investment vehicle known as “Opportunity Funds,” which could potentially target a new pool of investors to affordable housing projects. To benefit from this newly developed program, the project must be in a Qualified Opportunity Zone approved by […]