How the Wayfair Decision Impacts Nonprofits
On June 21, 2018, in a 5 to 4 vote, the United States Supreme Court, in South Dakota v. Wayfair, ruled that states were no longer bound by the physical presence test and could require out of state sellers to collect and remit sales tax based on economic nexus as long as certain criteria were met. AAFCPAs would […]
45 AAFCPAs Employees Participate in Day of Service
AAFCPAs enthusiastically participated in the 9th Annual CPA Day of Service on June 7th, 2019, organized in collaboration with the Massachusetts Society of Certified Public Accountants (MSCPA). Community Service is a core value of AAFCPAs, and the essence of our culture. Forty-five of AAFCPAs’ team members received their regular day’s pay while volunteering as a […]
AAFCPAs’ Mr. Anderson Earns Certified Ethical Hacker Credential
AAFCPAs’ “white hat” ethical security hacker and business continuity advisor, Mr. Anderson has been awarded the Certified Ethical Hacker (CEH) credential issued by the International Council of E-Commerce Consultants (EC-Council). Mr. Anderson was awarded the CEH credential in recognition of his earned expertise in understanding how to uncover weaknesses and vulnerabilities in target systems and use the same knowledge […]
Educational Podcast: Anticipating the Fraudster
Unfortunately, today we all need to think like a fraudster. As auditors, we are charged with identifying weaknesses in internal controls that pose risks for fraud, including theft or misstatement of financial results. As a result, we make recommendations to management to enhance controls to mitigate the opportunity for fraud. However, as AAFCPAs Partner John Buckley illustrates, […]
AAFCPAs Encourages Aspiring Accountant with $2,500 Scholarship
Erin M. Serafin, an aspiring accounting professional at the Isenberg School of Management at the University of Massachusetts-Amherst, is the recipient of AAFCPAs’ 2019 Scholarship of $2,500. This scholarship was awarded through the Massachusetts Society of CPAs’ (MSCPA) Educational Foundation and MSCPA Scholarship Program. The announcement was made during an event honoring educators and scholarship […]
AAFCPAs Welcomes Accounting Manager to Support Steady Growth of Outsourced Accounting Practice
Boston, MA (May 24, 2019) – 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 the addition of Accounting Manager James Perkins, MBA. James joins AAFCPAs’ growing Managed Accounting Solutions (MAS) Practice, which provides high-quality, cost-effective, cloud-based accounting and CFO solutions. He […]
Cannabis Businesses Required to File IRS Form 8300 After Cash Transactions
AAFCPAs would like to remind cannabis business clients of their potential Form 8300 Report of Cash Payments Over $10,000 Received in a Trade or Business reporting obligation. This filing is required for any business who receives more than $10,000 in cash from one buyer as a result of a single transaction or two or more related transactions. […]
AAFCPAs’ Tax Strategist Provides Pro Bono Legal Workshop for Lenny Zakim Fund Grantees
AAFCPAs Tax Strategist Brittany Besler, CPA, JD, MBA volunteered her expertise and led a legal workshop: How to Maintain Nonprofit, Tax-Exempt, and Public Charity Status on May 14th in Boston, MA. This pro bono legal assistance workshop was developed at the request of the Lenny Zakim Fund for the benefit of their grantees: small, non-profit organizations with limited […]
AICPA Urges FASB to Delay Effective Date of Lease Standard
ASU 2016-02, Leases (Topic 842) took effect for public companies at the beginning of this year and is scheduled to be effective for private companies one year later, at the beginning of 2020. This standard is significant in its impact to virtually all entities that enter into leases of more than twelve months in duration. The study […]