The 3 stages of homeownership (and their tax breaks)
A home is the single most valuable asset in many people’s possession. So it’s important to always remain aware of the tax impact of homeownership. The good news is that, at each of the three general stages of owning a home, an important tax break is available: 1. Buying/owning: Mortgage interest deductions. One of the biggest […]
How to take the stress out of an independent audit
When you think of your next audit by an outside CPA firm, do you fear hearing words such as “unexplained differences,” “unsatisfactory explanation,” “noncompliant” and “we’ll need more time”? If you have an audit phobia, you’re not alone: Some nonprofit leaders equate an independent audit with criticism, demands and time taken from their workweek. But […]
Setting the salaries and benefits of your executives
Rules known as “intermediate sanctions” allow the IRS to assess penalties against nonprofit executives who receive excess compensation — and the board members who approve it. Do you and your board of directors know what’s considered excess compensation and what’s viewed as a conflict of interest during the compensation-setting process? Avoiding excess benefits. Internal Revenue […]
Litigation Protection: Be Safe, Not Sorry
The Presbytery of Chicago recently entered into a $10 million agreement to sell its beloved Michigan summer camps, which it has owned for nearly a century. Proceeds from the sale are expected to help pay off an $11 million loan that was used in 2008 to settle a 2002 lawsuit brought by four men who […]
News for Nonprofits
Study: Major flaws impair fundraising Many nonprofits are caught in a vicious cycle that threatens their ability to raise funds, according to UnderDeveloped: A National Study of Challenges Facing Nonprofit Fundraising. The recent study, a joint project of service provider CompassPoint and the Evelyn and Walter Haas, Jr. Fund, surveyed 2,700 executive directors and development […]
AAF sponsoring and presenting at the upcoming eighth Business Fundamentals Bootcamp at the Cambridge Innovation Center
Alexander, Aronson, Finning & Co. will be sponsoring and presenting at the upcoming eighth Business Fundamentals Bootcamp, presented by Supporting Strategies. The event will take place on June 7th, 2013 and is hosted by Cambridge Innovation Center. The Theme of this event is “Leverage the Cloud for Growth”. As with past Bootcamp events, we […]
AAF Recognized as a BBJ Best Places to Work for the 5th Year in a Row
On Wednesday, May 1st, the Boston Business Journal announced the winners of its Best Places to Work Contest. For the 5th year in a row, Alexander, Aronson, Finning & Co. is recognized as a Best Place to Work! Each year, the BBJ recognizes 80 companies in its annual program for “creating a high level of […]
Alexander, Aronson, Finning & Co., P.C. Welcomes James Jumes as Partner
BOSTON, MA (May 8, 2013) – Alexander, Aronson, Finning & Co., P.C. (AAF), one of the 10 largest public accounting firms in Massachusetts, has announced that its newest partner, James Jumes, will be leading and developing an information technology advisory service group, based on his 23 years of experience in providing attestation and consulting services to […]
5th Annual Non-Profit ELITE Seminar was a Success
On Thursday, May 2nd, Alexander, Aronson, Finning & Co. hosted its 5th annual Non-Profit ELITE Seminar at the Natick Crowne Plaza. We were pleased to welcome close to 200 attendees for a full day of learning. The day kicked off with coffee, breakfast and a keynote address from Rick Jakious of the Mass. Non-Profit Network. Presenters […]