Manufacturing Matching Grant Program Application Due Oct 4, 2019
The Commonwealth of Massachusetts has again appropriated funding for New England Business Association’s Manufacturing Matching Grant Program. The program provides targeted grants to manufacturing companies for the expressed purpose of providing high-powered private consulting expertise to small and medium-sized Massachusetts-based manufacturers undergoing a business transition. New England Business Association is now accepting applications for the […]
AAFCPAs’ Partner Dan Stanhope Awarded 40 Under Forty 2019
AAFCPAs is honored to announce that Partner Daniel Stanhope, CPA, MSA was selected for the Worcester Business Journal’s 2019 40 Under Forty Awards. These distinguished awards recognize the best and brightest business leaders under 40 in Central Massachusetts. “We are exceptionally proud Dan has been singled out for his accomplishments and continued commitment to impact […]
IRS Automatically Waives Estimated Tax Penalty for Eligible 2018 Tax Filers
AAFCPAs would like to make clients aware that the IRS is automatically waiving the estimated tax penalty for eligible taxpayers who already filed their 2018 federal income tax returns but did not claim the waiver. Again, this is an automatic waiver, so there is no need to contact the IRS to apply for or request […]
Internet of Things (IoT) and Cyber Security
What Is IoT And How Do Hackers Infiltrate Your Devices? An increasing number of companies are installing Internet of Things (IoT) devices on their networks. IoT devices are typically “black box” devices, the inner workings of which are unknown to most users. For example, HVAC systems, smart fridges, computer printers, and even cars can contain […]
AAFCPAs’ Courtney McFarland to Serve on Board of Baypath Humane Society
AAFCPAs is excited to announce that Courtney McFarland, CPA, MSA has been appointed and agrees to serve on the Board of Directors of the Baypath Humane Society of Hopkinton. Courtney will serve as a fiduciary of Baypath, providing strategic direction and financial advice to help the organization achieve its vision for the future. “As a […]
AAFCPAs Celebrates 2019 National Health Center Week
Next week, August 4-10, 2019, is National Health Center Week, and AAFCPAs invites you to join us again this year in celebrating the great work and significant impact of these consumer-driven and patient-centered organizations! National Health Center Week gives our Health Center clients a chance to bring light to the health needs in our communities […]
Don’t Let the New Tax Act Affect Your Giving Goals
The Wall Street Journal recently reported that charitable giving had its largest decline since the 2008-2009 financial crisis, citing circumstances such as 2018 tax-law changes and a late-year stock-market dip as the reasons for the decline. At AAFCPAs Wealth Management, we know that taxes are not the reason you give; however, they may affect how […]
Proposed Bill Eliminating the Effects of 280E at the State Level
On June 11, 2019 the Massachusetts Joint Committee on Revenue heard House Bill 2510, An Act rescinding the effect of IRC 280E on businesses legally selling marijuana. While this bill has not been placed into effect yet, the hearing is a step forward towards state wide repeal of IRC 280E. What Does House Bill 2510 […]
2019 UFR Update: AAFCPAs Outlines Significant Changes
The Operational Services Division (OSD) of the Executive Office for Administration and Finance just released its FY 2019 UFR Audit and Preparation Manual, FY 2019 UFR Auditor’s Compliance Supplement, and FY 2019 Excel UFR Templates. The FY 2019 Manual is effective July 1, 2018 for the UFRs to be filed for FY 2019. Visit Mass.gov […]