Navigating Charity Evaluators
How nonprofits can positively impact their rating Communication and transparency are paramount for companies looking to win over advocates in the information age, and the nonprofit sector is no exception. Just as Yelp transformed business reviews and TripAdvisor changed the way the world chooses vacation destinations, evaluation tools are impacting donor perception of charities. The […]
How to Maintain Not-for-Profit Status
AAFCPAs Partner, Robin Kelley, CPA, as well as Susan Abbott, Esq., of Goodwin Procter, will lead Lawyers Clearinghouse’s Nonprofit Incorporation Workshop: How to Maintain Not-for-Profit Status. This seminar, designed as Part II to Lawyers Clearinghouse’s very popular Nonprofit Incorporation Workshop, focuses on compliance requirements once initial filings are completed. Robin and Susan will highlight important […]
Transitioning to New Medicare PPS for Community Health Centers
Medicare PPS Implementation: What FQHCs Need to Know Part 1: Medicare PPS Implementation: Understanding Your Implementation Date and Rates On May 2, 2014, the Centers for Medicare and Medicaid Services (CMS) published a final rule establishing a new methodology and prospective payment system (PPS) for Federally Qualified Health Centers (FQHC) under Medicare Part B. Currently, […]
AAFCPAs Adds Depth to the Bench of Their Business Process and IT Advisory Practice
AAFCPAS is pleased to announce the addition of Robyn Leet, Manager to the firm’s Business & IT Advisory practice. Robyn brings over 14 years of continuous business process improvement and internal controls experience to AAFCPAs’ diverse clients. As a Controller in private, closely-held businesses, Robyn’s exposure to the specification, scope, resource plan and implementation of […]
2014 Federal Forms 990 Changes Affecting Supporting Organizations
Nonprofit organizations with a December 31, 2014 year-end are now in the process of reviewing their Forms 990 for the upcoming May 15th due date. In advance of the filing deadline, AAFCPAs would like to advise nonprofits and their Board members of the significant revisions that specifically affect supporting organizations. In 2014, the IRS revised […]
Community Investment Tax Credits: Donors Investing Over $1K in CDCs Realize Significant Tax Benefits
The Community Investment Tax Credit (CITC) was established as a way to incentivize Commonwealth residents to invest in community development corporations (CDCs). The CITC program allows taxpayers to realize considerable tax savings when they make a qualified investment (cash contribution) in a CDC’s community development plan.1 Donor Benefits The CITC is an outstanding tax incentive […]
Ready-Access to True Costs Will Guide Profitability
In construction, there is the phrase: “costs drive revenue,” meaning that the driver behind how you recognize revenue is your costs. Owners, estimators, project managers and accounting staff all need to fully comprehend a company’s true cost structure to clearly understand their financial position. This information needs to be presented to the appropriate people (management) […]
Proposed Nonprofit Financial Statement Format Changes
On April 22, 2015, the FASB issued a proposed Accounting Standards Update (ASU) entitled Not-for-Profit Entities (Topic 958) and Health Care Entities (Topic 954): Presentation of Financial Statements of Not-for-Profit Entities. The proposed ASU is intended to improve the financial reporting of not-for-profit entities (NFPs) and to provide more useful information to the donors, creditors, […]
AAFCPAs Partner, Jack Finning, CPA, CGMA to Serve as Board Member of XPX Boston
AAFCPAs is excited to announce that Jack Finning, CPA, CGMA has accepted a nomination and agrees to serve on the Board of Directors of the Boston chapter of the Exit Planning Exchange (XPX Boston), an open advisor network in the private company/exit planning market. Jack will serve as a fiduciary of XPX Boston, and adds […]