Questions before making a charitable donation
It’s very gratifying to make donations to a worthy charity and know you are making a difference in the world. But whenever you make a gift, you also want to be sure that your money will be used wisely. AAFCPAs’ Carla McCall recommends asking these questions before you give.
Happy Holidays!
All of us at AAFCPAs wish you and your family a joyful holiday season and a wonderful new year filled with prosperity and peace! As we delight in the loveliest of seasons, and reflect on last month’s global day of giving, Giving Tuesday, we celebrate the spirit of service, and giving back to our community. AAFCPAs […]
AAFCPAs’ Guidance in the Home Stretch for 2016 Year-End Tax Planning
Throughout the year, AAFCPAs shares insights designed to help individuals and businesses manage their tax liabilities in light of each person or company’s unique circumstances–and to encourage clients to consider tax planning as a year-round, ongoing discipline. Personal and business circumstances are always evolving, presenting opportunities to balance or adjust short-term activities that support a […]
HRSA Operational Site Visits: Considerations, Risks and Common Trouble Spots
Does your Health Center have its Health Resources & Services Administration (HRSA) site visit looming? If so, or if your Center has been through a recent HRSA Operational Site Visit (OSV), you know what a daunting, stressful and time consuming process this may be. HRSA is continually refining and clarifying the 330 program compliance requirements […]
2017 Standard Mileage Rates
The IRS has issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2017, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 53.5 cents per mile for […]
New President, Congress May Mean Changes to the Federal Gift and Estate Tax
With a new President and Congress, AAFCPAs anticipates there will likely be major changes to our tax code in a year or two. Among those are possible changes to the federal gift and estate tax. Currently there is a 40% federal tax on everything we own at the time of our death, and on gifts […]
AAFCPAs Participated in #GivingTuesday to Celebrate and Encourage Giving
The Firm is very excited to announce that AAFCPAs participated in #GivingTuesday, November 29th, 2016, a global day dedicated to giving! Last year, more than 45,000 organizations in 71 countries came together to celebrate #GivingTuesday! Since its founding in 2012, #GivingTuesday has inspired giving around the world, resulting in greater donations, volunteer hours, and activities […]
Nonprofit Valuations: Transactions Requiring an Accurate Valuation of Your Nonprofit
Did you know that nonprofit organizations, like their for-profit counterparts, can benefit from an independent business appraisal? AAFCPAs advises nonprofit organizations to obtain a business valuation from a qualified, accredited appraiser under the following circumstances: Converting from nonprofit status to for-profit status – There are necessary procedures when companies no longer desire nonprofit status and […]
AAFCPAs’ Jeffrey Mead to Present FEI-Boston’s 2016 Accounting & Auditing Update Professional Development Session
AAFCPAs’ Partner Jeffrey Mead, CPA, CGMA will lead Finance Executives International (FEI)–Boston’s 2016 Annual Accounting & Auditing Update. FEI’s Boston Chapter is one of the largest chapters of the premier professional association for senior corporate financial managers. This annual professional development session is much anticipated and well attended by the elite finance professionals of Boston. Jeffrey will […]