Megabill Provisions Raise Tax Exposure for Multinationals
The One Big Beautiful Bill Act (OBBBA), enacted in July 2025, introduces broad changes to international tax rules. These adjustments will affect U.S. corporations with foreign subsidiaries, especially those that benefit from favorable tax treatment on foreign income. While some provisions align with expectations tied to the scheduled end of the Tax Cuts and Jobs […]
Why Strong Internal Policies Are Critical for Audit Readiness and Cyber Risk Protection
In this article: During IT General Controls (ITGCs) assessments performed either as part of financial statement audits or full IT security audits, AAFCPAs often identifies gaps in client policies and procedures that can leave an organization exposed to regulatory violations, operational failures, and reputational risk. Defined operational protocols for data security, breach response, and system […]
John Casassa Awarded Joel Aronson Character Award
AAFCPAs is proud to announce that John Casassa, CPA, MBA, MST has been honored with the Joel Aronson Character Award. This annual, partner-nominated award recognizes team members who embody the integrity, dedication, and generosity exemplified by Joel Aronson, Founder of AAF Wealth Management. The award celebrates individuals who demonstrate compassion, selflessness, and a steadfast commitment […]
AAFCPAs Celebrates 2025 National Health Center Week
Each August, National Health Center Week offers an opportunity to recognize the essential role Community Health Centers (CHCs) play in advancing access to care. These centers are trusted community partners—delivering medical, dental, behavioral health, and social services to those who need it most. This year’s celebration takes place August 3–9, 2025. AAFCPAs invites clients and […]
New Theater Tax Credit Offers Support for Massachusetts Arts Organizations
Designed to encourage local economic activity and nurture the state’s vibrant arts and culture ecosystem, the Commonwealth of Massachusetts has launched a new program that supports performing arts organizations while also bolstering Massachusetts’ reputation as a premier destination for theatrical production. Starting in July 2025, the Massachusetts Live Theater Tax Credit Pilot Program will run […]
How to Build a Reliable System of Record with Practical Data Strategy Insights
Financial systems are rarely as connected as they appear. As organizations grow and adopt specialized tools, each serving a distinct purpose, questions begin to emerge. Where does the most accurate version of a transaction live? Which system should drive reporting? Where does accountability reside? Without a clearly defined system of record, even routine tasks may […]
AAFCPAs to Speak on Enhancing Audit Value at MassCPAs Nonprofit Infoshare
Boston, MA (July 30, 2025)—AAFCPAs, a preeminent 350+ employee CPA and consulting firm, is pleased to announce that Partner David Kelleher, CPA, CGMA has been invited to speak at the upcoming Nonprofit Infoshare, hosted by MassCPAs. The program includes a cybersecurity session, an industry update panel on enhancing audit value, and a discussion on navigating […]
Buy-Sell Agreements, Life Insurance & Business Valuation: What Owners Must Know
Business owners are often reluctant to plan for the eventual transition of ownership, even though the need for succession is inevitable, whether it comes through retirement or unforeseen circumstances. Too often, the process is delayed because it feels premature, uncomfortable, or overwhelming. Some believe that having life insurance or a signed agreement in place is […]
When Fun Meets Purpose: The Power of Service and Giving Back
Each year, AAFCPAs sets aside a portion of its net income to support the nonprofit community—part of a long-standing commitment we call 10% Back to Nonprofits. While that giving includes sponsorships, pro bono work, and board service, it also takes shape in more personal ways. Summer Outing Raffles Raise Over $5,000 for Nonprofits At this year’s […]