HUD Extending the Due Date for Certain Financial Statements
Recent Security Breach Leads to Global Extension for Owners with 6/30/15 Fiscal Year Ends The U.S. Department of Housing and Urban Development (HUD) has issued a blanket extension for all 6/30/15 fiscal year end Real Estate Assessment Center (REAC) submissions (both owner and CPA certified) from the original due date (9/30/15) to 10/31/15. The reason […]
AAFCPAs to Present Cost Report Training for MassLeague Members on 10/2
AAFCPAs Partner Matt Hutt, CPA, CGMA, and AAFCPAs Manager Courtney McFarland, CPA, in collaboration with the Massachusetts League of Community Health Centers, will present a Medicare and Medicaid Cost Report Training on October 2, 2015 from 9:00 am to 4:00 pm at the DoubleTree, Westborough, MA. Matt and Courtney will provide guidance and best practices […]
AAF Intern Blog: Ali Williams
*Alison Williams interned at AAFCPAs in the summer of 2015 (at the time this blog was written), and she joined the firm full time in June 2016. She serves diverse nonprofits, but is most actively involved as a member of AAFCPAs’ Healthcare Practice serving community health centers, and human and social service providers. Ali adds “I’m […]
Managing the IRS Repair Regulations and the Ongoing Challenges Presented After Initial Implementation
The IRS final “repair regulations,” effective January 1, 2014, completely revamped the way taxpayers evaluate expenditures in order to determine whether certain costs represent immediately deductible repair expenses, or capital improvements that must be depreciated over time. In addition, regulations issued in Section 1.162-3 provide new guidance on when a taxpayer may deduct costs incurred […]
AAFCPAs highlights key items new to Head Start eligibility standards
In March, 2015, the Office of Head Start, an office of the U.S. Department of Health and Human Service (HHS), Administration for Children and Families, issued updated performance standards for Head Start programs. AAFCPAs reminds our clients that the updated standards will be utilized in Head Start monitoring visits beginning October 1, 2015. AAFCPAs offers […]
Memories of the CPA exam
JournalofAccountancy.com | Joy Child, CPA, PFS shares her story about studying for and taking the CPA exam.
AAF Intern Blog: Alex Frieband
Alex Frieband, Intern for summers 2014 and 2015: It was during my internship this summer in which I truly realized what I want to do with my career. At AAF I was given the opportunity to gain experience and exposure in both audit and tax. Throughout the summer I was scheduled to assist on various […]
Is Fraud Preventable? How to safeguard the nonprofit organization
When fraud prevention is raised in the public eye, it is often with a focus on for-profit companies. Nonprofits, however, have just as great a need for transparency and security. In fact, given the current challenging funding environment for nonprofits, the impact of fraud can be crippling in terms of lost revenue and donor confidence. […]
Businesses aren’t done in helping women balance work, life
Striking life-work balance, or life-work integration, is one of the most significant challenges professionals encounter as they seek to advance their careers. AAFCPAs’ Carla McCall, in the Worcester Business Journal, talks about creating opportunities for women to ask “How can the company I work for help me achieve my career and family goals at the same time?”