IRS Section 2704 Proposed Regulations Could Eliminate Significant Estate Planning Technique for Family-Controlled Entities
The IRS has issued Proposed Regulations under Internal Revenue Code § 2704 that may dramatically reduce the ability to apply discounts in valuing the interests of many family-controlled entities for estate gift and generation skipping tax purposes. Specifically, the proposed regulations may significantly restrict the application of lack of control or marketability discounts in determining […]
AAFCPAs’ Joy Child Earns Business Valuation Credential
AAFCPAs’ Partner Joy Child, CPA, ABV, PFS, has been awarded the Accredited in Business Valuation (ABV) Credential by the American Institute of Certified Public Accountants (AICPA). Joy brings over 30 years of diverse experience to AAFCPAs’ clients, and she was awarded the ABV credential in recognition of her earned expertise in business valuation, and her […]
Avoid Double Taxation on Inherited Assets with IRD Deduction
AAFCPAs would like to make clients aware of an often-missed tax deduction available to heirs of pre-tax assets, such as: retirement plan assets, IRA distributions, unpaid interest and dividends, salary, wages, sales commissions, etc. The income in respect of a decedent (IRD) deduction, Section 691(s) under the Internal Revenue Code, can reduce the income tax […]
AAFCPAs to Present Medicare and Medicaid Cost Report Training
AAFCPAs Matt Hutt and Courtney McFarland, in collaboration with the Massachusetts League of Community Health Centers, will again present a Medicare and Medicaid Cost Report Training on October 6th, 2016, 9:00am-1:00pm at the DoubleTree Conference Center, Westborough, MA. Matt and Courtney will provide guidance and best practices in implementing the significant changes made to Federally Qualified Health […]
Jack Finning to Moderate Panel for FEI-Boston
Attracting and Retaining Talent in a Robust Job Market The Boston chapter of Financial Executives International (FEI) is presenting an educational workshop on September 30th for the benefit of Finance and Personnel/HR Executives moderated by AAFCPAs Partner Jack Finning. Jack will lead this interactive session on Attracting and Retaining Talent in a Robust Job Market, […]
Plan sponsors: how can you minimize risks?
The term “fiduciary responsibility” has been in the headlines quite a bit this year. Most of the discussion is around investment advisors, but the term also comes into play for business owners and executives. Being a fiduciary means being personally liable for the prudent management of someone else’s money, so it is a serious topic […]
LILETTA IUD May Offer Cost Savings to 340B Covered Entities
AAFCPAs would like to make healthcare clients aware of a potential cost savings on an Inter-Uterine Device (IUD) for eligible patients. Medicines360 has received FDA approval for an IUD, named LILETTA®. Medicines360 is a nonprofit pharmaceutical company, and as part of their mission, they are making LILETTA® available at a reduced, fixed price of $50.00 […]
AAFCPAs Presents How to Start & Run a Nonprofit
AAFCPAs Partner, Robin Kelley, CPA, CITP, CGMA, CSPM, will serve as a faculty presenter for the Massachusetts Continuing Legal Education’s (MCLE) upcoming program: How to Start & Run a Nonprofit. In this new three-hour, live, continuing legal education (CLE) program and live webcast, Robin Kelley, and co-faculty members Elka T. Sachs, Esq., Krokidas & Bluestein […]
AAFCPAs’ Jeanie Gorlovsky-Schepp Recognized as Woman to Watch!
It is with great pleasure and enthusiasm that we announce that Jeanie Gorlovsky-Schepp, Manager, is a recipient of the 2016 Women to Watch Awards, presented by the Massachusetts Society of CPAs in partnership with the AICPA’s Women’s Initiatives Executive Committee. This prestigious award honors women who have made significant contributions to mentoring other professionals, leadership […]