AAFCPAs Sponsors Capital Solutions Panel for Small Business Growth
AAFCPAs will be sponsoring and moderating Capital Solutions for Small Business Growth, a live event presented by the Smaller Business Association of New England (SBANE). AAF believes that small businesses should be fully aware of the possible benefits of utilizing non-traditional sources of financing. Capital Solutions for Small Business Growth will feature a panel of […]
Revised Massachusetts Charter School Audit Guide
AAFCPAs Highlights Changes and Practical Considerations to Ensure Charter Schools Are Well-Prepared for Your Financial Audit by John Buckley, CPA In June of 2014, the Massachusetts Department of Elementary & Secondary Education (DESE) issued its revised Charter School Audit Guide, including significant changes to the financial reporting and audit requirements of charter schools. This guide […]
Security Alert: NCCS Data Breach of Form 990 Online and e-Postcard Filing Systems
Urban Institute’s National Center for Charitable Statistics (NCCS) Alerts Users of Data Breach Users of the Form 990 Online and e-Postcard Filing Systems received an email today from the Urban Institute’s National Center for Charitable Statistics (NCCS) informing its constituents of a data breach. AAFCPAs has confirmed that this email is legitimate; NCCS’ 990 websites […]
Must-Know Federal and State Fundraising Rules and Regulations for Non Profits
Are you registered in each state where you fundraise? The majority of states and the District of Columbia require charitable nonprofits and/or professional fundraising consultants (sometimes referred to as “solicitors”) to register with the state before engaging in fundraising activities in that state. Charities that solicit contributions in more than one state, on the internet, […]
Are Raises the Same as Bonuses?
OSD Regulations on Salaries, Raises and Bonuses for Nonprofits Who File the UFR The Massachusetts Operational Services Division (OSD), as the responsible oversight entity for health and human services organizations who hold contracts with the Commonwealth, maintains compliance requirements specific to employee compensation. These requirements include specific parameters related to incentivizing employees with salaries, raises […]
Judge Orders State to Update Human Service Provider Rates
The new Baker administration has been ordered by a Superior Court judge to fully implement Chapter 257 by the beginning of the state’s 2016 fiscal year. The State has 60 days to appeal. Chapter 257 is a 2008 law aimed at updating rates paid to human service providers, and places authority to update these rates […]
Courtney McFarland, CPA Promoted to Manager
AAFCPAs is pleased to announce the appointment of Courtney McFarland, CPA, MBA as audit manager of the firm’s Healthcare Division. Courtney has over 10 years of assurance experience and a comprehensive understanding of the nuances of the healthcare industry. She delivers a full range of solutions solving the challenges that AAF’s healthcare clients face, including: […]
AAFCPAs Manager, Davide Villani, CPA named co-chair of MSCPA ERISA Committee
AAFCPAs is excited to announce that Davide Villani, CPA has been nominated to serve as co-chair of the MSCPA ERISA Accounting & Auditing Committee. The ERISA Accounting & Auditing Committee is a forum for ERISA professionals to share best practices relating to improving the overall quality of ERISA/DOL audits including: 401K, 403B and Health & […]
Health Center Compliance with the Federal 340B Program
The Federal 340B Program has detailed compliance requirements and participants are struggling to understand, comply with, and monitor these requirements. Scrutiny by the Health Resources Services Administration (HRSA) had been mainly focused on for profit hospital environments; however, the focus is now shifting towards Health Centers and contracted pharmacies. HRSA along with the Office of […]