Which SOC Report is Right for Your Organization
Navigating the landscape of Service Organization Control (SOC) reports can be complex, yet understanding the differences between SOC 1, SOC 2, and SOC 3 reports is essential for businesses leveraging third-party services. Each report serves a unique purpose, tailored to meet the varied needs of service organizations and their stakeholders.
Year in review: The Top 10 Insights from 2018
2018 was a big year for finance professionals, with monumental changes in tax code & accounting rules, and other significant challenges & opportunities affecting commercial businesses, nonprofits, and individuals & their families. Below are AAFCPAs’ most widely-read news alerts & insights in the past year: AAFCPAs’ 2018-2019 Tax Planning Guide for Businesses & Individuals Financial […]
AAFCPAs’ #GivingTuesday Match Donates Over $31K to Charities
AAFCPAs participated again this year in #GivingTuesday, on November 27th, 2018, a global day dedicated to giving! Collectively, the firm and its team members donated $31,778 to mission driven nonprofits! HOW DID AAFCPAs TAKE PART IN THE SPIRIT OF GIVING? Extra incentives to give! For #GivingTuesday, AAFCPAs and our company-sponsored Charitable Foundation matched employee gifts 1:1 […]
Warm and friendly wishes from AAFCPAs
Thank you for your business and loyalty. We admire your passion, entrepreneurial spirit and all the great things you accomplish. Please know that it is our privilege to be part of your advisory team. All of us at AAFCPAs wish you and your family a joyful holiday season! May you enjoy a wonderful new year, […]
What Does Rising Talent Look For in a CPA Firm?
Public accounting has changed a great deal in order to keep pace with the way client needs have changed, requiring specifically talented professionals to evaluate these needs from multiple angles. This may be one reason that rising stars in the CPA world need a different type of environment to learn and thrive. At our firm, […]
Year-End Personal Financial Planning Considerations
The end of the year presents a unique opportunity to look at your overall personal financial situation. With factors like tax reform, life changes or just working towards your goals, now is an especially important time to review things. Taking what we now know about the new tax law and weaving together all of the […]
What Nonprofits Need to Know about the TCJA: AAFCPAs to Present a Members-Only Webinar for the Providers’ Council
AAFCPAs Tax Consulting Strategists Joshua England, JD, LLM, and Chris Consoletti, JD will present a Tax Cuts and Jobs Act educational workshop on December 10th at 12pm, for the benefit of the Massachusetts Council of Human Service Providers, Inc. (The Providers’ Council). The Tax Cuts and Jobs Act (TCJA) represents a dramatic overhaul of the U.S. […]
An Emerging Leader’s Perspective: ONE piece of advice I would have wanted when I started my career…
I was recently honored at the MSCPA’s 2018 Women’s Leadership Summit as an Emerging Leader/2018 Women to Watch Awards—which was a great honor, especially since many colleagues from AAFCPAs along with my Mom, Dad, and husband Mat were there to celebrate this success! This recognition lead to a significant realization for me: I may be […]
AAFCPAs Managed Accounting Solutions Practice Recommends Three Strategic Budgets for Nonprofits
It can be tempting for finance teams and executive leadership of nonprofits to focus mostly on near-term strategy. However, in order to ensure sustainability, AAFCPAs advises nonprofits to broaden the scope of their financial planning process to address the challenges of the current economic and funding landscape, and to ensure sustainability in the long-term. We […]