Reduce Your Corporate or Partnership Income Tax for 2015
For every business, there is a lot at stake when it comes to tax. AAFCPAs wants you to take full advantage of all available tax benefits to assure you are optimizing your tax liability. Below are a few examples of vehicles to consider that may work favorably for you, but your planning should begin now. […]
AAFCPAs Ranked Top Place to Work for 2015 by the Boston Globe
AAFCPAs is excited to announce that the firm has been recognized in Top Places to Work 2015, The Boston Globe’s annual list of the top 125 workplaces in Massachusetts for the sixth consecutive year. AAFCPAs ranked number 21 for top workplaces in the midsize company category (100 to 249 employees), and is the only CPA […]
FASB Moves to Finalize Leasing Standard, Sets Effective Dates
ASU will require that lease obligations be added to the balance sheet AAFCPAs would like to make you aware that on Nov. 11, 2015 the Financial Accounting Standards Board (FASB) voted to proceed with a new accounting standard that would require companies and other organizations to include lease obligations on their balance sheets as opposed […]
AAFCPAs Presents How to Maintain Your Nonprofit Status
The nonprofit clients we serve have a tremendously positive impact on the employees and culture of AAFCPAs. Regardless of the mission, we are inspired daily by our awareness of all the great work that occurs by nonprofits in service to our community. We are happy to share our expertise pro bono through lecturing or speaking […]
Tax planning is an ongoing discipline – waiting for year-end means missing out on real opportunities
Personal and business circumstances are always evolving, presenting opportunities to balance or adjust short-term activities that support a long-term strategy As we head into November, the weight of year-end tax planning starts to bear down on individuals and business owners. Often, this time of year signals a rush of backward-looking assessments and last-minute adjustments to […]
Nonprofit 411: Is Fraud Preventable? How to safeguard the nonprofit organization
AAFCPAs’ Partner John Buckley on MassNonprofitNet.org warns that the “impact of fraud can be crippling in terms of lost revenue and donor confidence.” What can nonprofits do to limit their exposure? Ask three questions as you assess fraud prevention…
IRS Announces 2016 Retirement Plan Limitations
The IRS recently announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. In general, the pension plan limitations will not change for 2016. However, the following minor limitations changes are effective January 1, 2016: The following retirement plan contribution limits remain unchanged, but may serve as a […]
AAFCPAs Partner, Jack Finning to Serve on Board of Advisors at Nichols College
AAFCPAs is excited to announce that Jack Finning, CPA, CGMA has been appointed and agrees to serve on the Board of Advisors at Nichols College, a college of choice for business and leadership education. Jack will donate his time, talent and expertise to better the strategic goals of the College, and to help foster growth, […]
Filing Deadline for Data Collections Forms Extended
The Federal Audit Clearinghouse (FAC) website continues to be temporarily offline for maintenance due to an ongoing security investigation. Extended due dates for federal audits due between July 22 and December 30, 2015, are now December 31, 2015. Nonprofit organizations that file an audit performed under OMB Circular A-133, and fall within the previously mentioned due […]