IRS Form 1099-MISC and related IRS Form 1096 Due January 31st
As a reminder, the IRS has changed the filing due date for IRS Form 1099-MISC and related IRS Form 1096 from February 28 to January 31 if they are being filed to report non-employee compensation as reported in Box 7 of the 1099-MISC. This January 31, 2017 due date coincides with the date the 1099s […]
Medicare PPS Base Rate & G-Codes for 2017: What FQHCs Need to Know
AAFCPAs would like to make health center clients aware that the Centers for Medicare & Medicaid Services (CMS) recently updated the federally qualified health centers (FQHC) prospective payment system (PPS) base payment rate and the geographic adjustment factors (GAF) for 2017. AAFCPAs advises clients that now is the time to re-evaluate the charges that were […]
Tax and Non-Tax Advantages of Trusts
Trusts are traditionally used for minimizing estate taxes, and can offer other benefits as part of a well thought-out estate plan. AAFCPAs advises clients to think about the benefits of establishing a trust as a method to control your wealth, protect your legacy, and avoid probate. We have provided the below overview, and summary of […]
The Benefits of an Employee Stock Ownership Plan (ESOP) in Succession Planning
Succession planning can be a challenge for privately-held business owners. Finding the right buyer can be difficult and time consuming. In some cases, owners may want to transition their business to their current employees, but the employees may not have the financial means to consummate a sale. An Employee Stock Ownership Plan (ESOP) may be […]
Healthcare reimbursement questions to ask during a time of uncertainty
According to a March 2016 report by the Department of Health and Human Services, an estimated 20 million more Americans have health insurance coverage as a direct result of changes driven by the Affordable Care Act (ACA). The influx has payors scrambling to meet coverage demands, while providers and provider organizations simultaneously navigate the murky […]
AAFCPAs Clarifies FASB Nonprofit ASU for Boston Bar Association Members
AAFCPAs’ Amanda Pelcher, CPA will provide insight to Boston attorneys on Understanding the New Nonprofit Financial Statement Presentation Standards. In August 2016, the FASB implemented an accounting standards update (ASU 2016-14) to refresh the previous reporting model. Amanda will discuss both the current standards for nonprofit financial statement presentation and the main provisions of this […]
Cybersecurity for 2017: Empower Your People
Digital viruses and hackers are nothing new, but the severity and prominence of cyber attacks is growing. Is the impact of breaches greater? Or are there truly more breaches now than in the past? The answer is “yes” to both, as leaks and breaches were thrust into the spotlight during the recent election cycle. Hackers […]
AAFCPAs Julie Chevalier and Rich Weiner to Present at the MSCPA State Tax Conference on Multistate Tax Nexus & Apportionment
AAFCPAs Tax Partners Julie Chevalier and Richard Weiner will present an educational workshop at the Massachusetts Society of CPA’s (MSCPA) State Tax Conference scheduled for January 17th, 2017. This technical session is part of the MSCPA’s annual State Tax Conference. Multistate Tax Nexus and Apportionment is more complex and demanding than ever before, and state […]
AAFCPAs Wealth Management Continues to Grow and Welcomes Jonathan Bloom
AAFCPAs Wealth Management, an affiliate company of AAFCPAs, is pleased to announce the addition of Jonathan Bloom, CFP® as a Wealth Advisor. Jonathan is a seasoned professional providing comprehensive financial planning solutions for individuals, families, business owners, benefit plan sponsors, nonprofits & foundations. Jonathan is a licensed investment adviser, a CERTIFIED FINANCIAL PLANNER™ (CFP®), and […]