Carmen Grinkis featured on The Bay March 2025
Note: This content originally appeared on the March 2025 issues of The Bay Magazine and Providence Monthly. I joined AAF Wealth Management in 2016, and since that time the firm’s assets under management have grown organically over 300%. I attribute this growth to our role as fiduciaries and our holistic, personalized approach in managing clients’ […]
Insights on Leadership and Grooming Future Leaders with AICPA Chair Carla McCall
Accounting Marketing (March 18, 2025)- As the accounting industry continues to grow and develop, understanding the journey and insights of seasoned leaders can provide invaluable guidance for those aspiring to take on leadership roles or groom future leaders. AAM Member JoAnne Starks, Chief Content Officer of AAFCPAs delved into the experiences and wisdom of Carla McCall, CPA, […]
Navigating Federal Funding Uncertainty: Financial Strategies for Nonprofits
Nonprofits across the country are facing an uncertain financial future as the federal funding freeze and shifting policies disrupt their budgets. Organizations that have long relied on stable government grants are now being forced to reassess their financial strategies, manage liquidity more carefully, and rethink how they maintain reserve funds. Evaluating Financial Reserves and Liquidity […]
340B Discounts at Risk: What It Means for FQHCs and Patient Care
Federally Qualified Health Centers (FQHCs), hospitals, and health systems relying on 340B discounts are facing growing uncertainty. Courts, policymakers, and pharmaceutical manufacturers continue to push for changes that could reshape how the program operates. Recent developments have highlighted potential new restrictions and increased oversight along with the financial strain for participating providers. FQHCs and hospitals […]
Upcoming Increase in Single Audit or Program-Specific Audit Thresholds
For audits of fiscal years beginning on or after October 1, 2024, the Office of Management and Budget (OMB) will raise the threshold for requiring a single audit or program-specific audit from $750,000 to $1,000,000. Non-Federal entities receiving less than $1,000,000 in federal funds annually will no longer be required to undergo a single audit, […]
Managing Cash Flow and Expenses in Life Sciences
In this article: Managing cash flow presents ongoing challenges for those in the life sciences, particularly those navigating pre-clinical research and early clinical stages. With significant resources devoted to research and development (R&D), precise cash tracking across R&D and general and administrative (G&A) categories is essential for sustaining growth and demonstrating financial responsibility. Distinguishing between […]
Tax Strategies Shaping Life Science Innovation
Life science companies, particularly those in the start-up or growth phase, are challenged with balancing their core mission, e.g., advancing scientific discovery, with the complex financial and tax issues that arise in the process. While pursuing breakthroughs in areas like cancer treatments or novel drugs, companies need to also ensure they retain enough capital to […]
Attestation Deadline for New York Medicaid PCMH Incentive Increase
AAFCPAs would like to make FQHC clients aware that the 2024-2025 state budget approved a Patient-Centered Medical Home (PCMH) incentive increase that provided additional funding to health centers. These payments, which were retroactive to April 1, 2024, included $2 per member per month (PMPM) for adult Medicaid patients and $4 PMPM for children under the […]
AAFCPAs Participates in Compliance Panel at NECANN Boston 2025
AAFCPAs’ Janice M. O’Reilly, CPA, CGMA and David McManus, CPA, CGMA will join Tony Gallo, Sapphire Risk Advisory Group, and Peter D’Agostino, Tenax Strategies, for an interactive panel discussion at the 2025 New England Cannabis Convention (NECANN) on key compliance issues faced by cannabis establishments. The opening day session will cover compliance and reporting requirements […]