AAFCPAs Urges Repeal of Nonprofit Transportation Tax
AAFCPAs has sent a letter to Congressman Richard Neal (D-Mass.), Chair of the tax-writing Ways and Means Committee, asking him to lend his support to nonprofits by helping to repeal Internal Revenue Code Section 512(a)(7). Section 512(a)(7) of the new tax code requires nonprofits to now pay a burdensome tax on parking and transportation fringe […]
AAFCPAs Reminds Those With Foreign Assets of Annual April 15 FBAR Deadline
AAFCPAs reminds our clients who have an annual FBAR filing requirement to be sure to report their foreign assets by the IRS’ April 15, 2019 deadline. Similar to prior years, automatic relief is available. The IRS and US Treasury recently announced that the Financial Crimes Enforcement Network (FinCEN) will now grant filers missing the April […]
AAFCPAs’ Jack Finning to Speak at FENG
AAFCPAs Partner Jack Finning, CPA, CGMA will serve on a CPA & Consulting panel on April 24th, 2019 in Waltham, MA hosted by the Boston Chapter of the Financial Executives Networking Group (FENG) discussing What CEOs and CFOs are expecting of their CPA firms. “Companies turn to AAFCPAs to assist them in all kinds of critical functions […]
CHIA Announces Deadline Extension for Community Health Center FY 2018 Cost Reports
The Center for Health Information and Analysis (CHIA) announced Friday that they are extending the deadline for all Community Health Centers (CHCs) to file their fiscal year 2018 cost report to Monday, July 8, 2019. All Massachusetts CHCs, regardless of Fiscal Year End (FYE) date, are required to file their fiscal year 2018 cost report […]
AAFCPAs to Present The Futuristic CFO: Master of Leveraging People, Process, and IT systems at FEI-Boston
AAFCPAs Partner Janice O’Reilly, CPA, CGMA and Manager Dawn Pantano, CPA, CITP will present a professional development session on the Futuristic CFO at FEI-Boston’s April 26th Professional Development Event. The role of the CFO is evolving, and the unique skills required of CFOs will continue to position them as a valuable, strategic resource to executive […]
Notice of IRS Changes to Group Exemptions and Group Returns
AAFCPAs would like to make our nonprofit clients aware that as of January 1, 2019, the IRS stopped mailing lists of parent and subsidiary accounts to central organizations (group ruling holders) for verification and return. If your organization is the Central Organization of a group exemption, historically you would have received an annual mailing from […]
IRS Expands Underpayment and Under-withholding Relief
The Internal Revenue Service announced on Friday, March 22, that they are expanding penalty relief to taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year. The IRS is lowering to 80 percent the threshold required to qualify for this relief. Under the relief […]
AAFCPAs’ Janice O’Reilly to Serve on Board of MassVentures
AAFCPAs is excited to announce that Janice O’Reilly, CPA, CGMA, Partner in the Consulting Division of AAFCPAs and leader of the Managed Accounting Solutions (MAS) practice, has been appointed and agreed to serve on the Board of Directors of MassVentures. MassVentures is a quasi-public venture capital firm focused on fueling the Massachusetts innovation economy by funding […]
AAFCPAs’ Matthew Boyle to speak at FEI-Boston
The Boston chapter of Financial Executives International (FEI) is presenting a Social Media Workshop for CFOs in Transition on April 2nd led by AAFCPAs Partner & Chief Marketing Officer Matthew Boyle, MBA. Matthew will present a professional development session on LinkedIn Strategy & Use for CFOs in Transition, and will discuss why paying attention to your digital […]