5 Valuation Issues Every Buy-Sell Agreement Should Address
A Buy-Sell Agreement, also called a business pre-nuptial agreement, or a business will, is a legal document that is used as the mechanism governing business owners upon the exit of an owner. Buy-Sell Agreements create the necessary road map to make these exits less stressful by minimizing disruptions, and avoiding conflict. The price to be […]
Form SF-SAC Now Available on FAC Web Site, Submission Deadline Extended Further
The updated Data Collection Form (DCF or Form SF-SAC) for Uniform Guidance submissions and related instructions are now available on the Federal Audit Clearinghouse’s (FAC) website. Click here to be directed to the Instructions and Documents. >> Due to the prior unavailability of the updated DCF, an extension was previously posted to the FAC website […]
Regulatory Update: Affordable Care Act Compliance Update
Listen to Podcast Click here to listen to podcast or use the above media player. An update on the Affordable Care Act, and what nonprofits need to know in 2016. AAFCPAs discusses warning of the landmark lawsuits resulting from this employer mandate, and cautions of how business decisions regarding plan offering changes may be perceived […]
AAFCPAs Adds Consulting Expertise in Business Process, IT Systems, and Data Analytics
AAFCPAs expands its Business Process & IT Advisory Practice with the addition of two deeply experienced Managers: Jennifer LeVine, CPA and Vassilis Kontoglis. Jennifer and Vassilis are highly regarded for their expertise in IT controls, risk assessments, business process improvement, data analytics, and systems selection & implementation. These additions present our clients with extraordinary additional capabilities to […]
MassHealth Issues One-Time Payments to Behavioral Health Care Providers
Please be aware that MassHealth has authorized its MassHealth Reinvestment Payment 2016, a distribution of managed care savings to Massachusetts behavioral health care providers. These payments are from managed care savings that the State has authorized to be disbursed to providers under contract with a Medicaid Managed Care Organization in CY 2014. MassHealth has requested […]
Podcast: Risk Management Panel
Risk Management Panel Listen to Podcast Click here to listen to podcast or use the above media player. A panel of AAFCPAs partners and finance executives from nonprofit clients share first-hand practical advice and provide guidance from their experiences on managing risks They share insight into their organizations’ risk assessment and risk management programs.
CEOs, CFOs Targeted by Cyber Whaling Schemes
As a reminder, AAFCPAs warns of sophisticated cyber phishing attacks directed specifically at senior executives and other high level targets within businesses and organizations. We have seen an uptick in the frequency of these types of attacks, called whaling schemes, where cyber criminals masquerade as a highly convincing business email which may appear to be sent […]
Fraud in the News Emphasizes the Need for Segregation of Duties
Recent news headlines expose several financial accounting scandals, and AAFCPAs brings these to your attention in an effort to increase awareness and remind clients about the importance of implementing and verifying adequate segregation of duties. In these stories, embezzlers use their position, their employer’s misplaced trust, and inadequate fraud risk management to defraud these organizations […]
Massachusetts to Issue Changes to Surplus Revenue Retention Regulations
AAFCPAs is pleased to report that there will be changes to the Massachusetts regulations regarding Surplus Revenue Retention, which appear favorable to human & social service providers. The 20 percent lifetime cap on Surplus Revenue Retention will be eliminated. Additionally, the 5 percent annual cap on Surplus Revenue Retention will be changed to a 20 […]