IRS’s Position on Taxability of Qualified Transportation Benefits is Broad Reaching, Adversely Affecting Many Nonprofits
As expected, the IRS has clarified the interpretation of its unrelated business income (UBI) regulations and confirmed the taxation of qualified transportation benefits, whether provided directly by you, through a bona fide reimbursement arrangement, or through a compensation reduction agreement. For-profit entities are no longer able to deduct these qualified fringe benefits programs for their […]
Best Practices for Maintaining Your Charge Description Master to Maximize Revenue
AAFCPAs reminds healthcare clients of the critical impact an accurate and up-to-date Charge Description Master (CDM) can have on the organization’s revenue cycle success. The CDM is the central mechanism of the revenue cycle, and the accuracy of the data elements serves as a link between service delivery, billing, and optimal reimbursement. Missing charges, over […]
AAFCPAs Healthcare Consulting Practice Adds Reimbursement Strategist Chris Gendron
In response to unprecedented demand from our healthcare clients, AAFCPAs expands its consulting expertise by welcoming the addition of Christopher Gendron, Healthcare Consulting & Reimbursement Strategist. Chris is a highly-skilled reimbursement and healthcare IT systems professional, with proven expertise in the complexities surrounding revenue cycle processes, and systems’ capabilities to support process design changes. He […]
Does Your Workspace Give You Energy?
Does your workspace contribute towards your energy level? At AAFCPAs we believe strongly that it does! Our Boston office is a great place to think and work. Additionally, AAFCPAs moved into new headquarters six months ago, and we are in amazement of all the positive effects and measurable impact it has on the energy of […]
AAFCPAs’ Jack Finning to Moderate Panel for Private Company Business Owners
The New England Chapter of the Exit Planning Exchange (XPX New England), in collaboration with the world renowned Northeastern University Center for Family Business, is presenting an educational workshop on March 27th for the benefit of private company business owners moderated by AAFCPAs Partner Jack Finning, CPA, CGMA. Jack will lead this interactive discussion on […]
SAVE THE DATE: AAFCPAs to Share Valuable Revenue Recognition Guidance for Commercial Businesses
AAFCPAs will present two educational webinars, providing an overview of new Revenue Recognition standards for Commercial Businesses and Nonprofit Organizations. Attendees will gain an understanding of how the new standard could impact revenue recognition and company policies, and what they should be doing now to prepare for adoption. SAVE THE DATE! AAFCPAs Educational Webinar: Revenue […]
SAVE THE DATE: AAFCPAs to Share Valuable Revenue Recognition Guidance for Nonprofits
AAFCPAs will present two educational webinars, providing an overview of new Revenue Recognition standards for Commercial Businesses and Nonprofit Organizations. Attendees will gain an understanding of how the new standards could impact revenue recognition and company policies, and what they should be doing now to prepare for adoption. SAVE THE DATE! AAFCPAs Educational Webinar: Revenue […]
AAFCPAs Urges Vigilance as Clients Respond to Uptick in Whaling Schemes, Cyber Threats
AAFCPAs would like to make clients aware that within the past two weeks, we have received two accounts from clients reporting their executives have been targeted by sophisticated whaling schemes requesting transfers of money. AAFCPAs would like to take this moment to remind you again of the critical importance of taking measures to protect against […]
AAFCPAs Provides Guidance on Potential Impact of FASB’s Proposed Changes to NFP Grant and Contribution Accounting
The Financial Accounting Standards Board (FASB) met on February 14, 2018 to redeliberate the amendments in the proposed Accounting Standards Update (ASU), Not-for-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. This proposed ASU will primarily affect nonprofits that receive government or foundation grants and contracts, but […]