Response Divided on New 340B Legislation

Response Divided on New 340B Legislation

AAFCPAs would like to make clients aware that legislation designed to overhaul the 340B program was recently introduced. This legislation, previously coined the 340B Affording Care for Communities and Ensuring a Strong Safety-Net Act (340B ACCESS Act), seeks to establish new transparency and oversight requirements and capture policy principles agreed upon in the Alliance to […]

ESSER Program Removed From Higher Risk Designation

ESSER Program Removed From Higher Risk Designation

AAFCPAs would like to make clients aware that the U.S. Office of Management and Budget (OMB) under the Office of Federal Financial Management released the 2024 OMB Compliance Supplement, removing the Elementary and Secondary School Emergency Relief (ESSER) program from the listing of programs with higher risk designation. Many charter schools have undergone an audit […]

U.S. Department of Labor Issues Final Rule on Employee vs. Independent Contractor Classification

U.S. Department of Labor Issues Final Rule on Employee vs. Independent Contractor Classification

AAFCPAs would like to make clients aware that the U.S. Department of Labor issued its final rule on employee versus independent contractor classification under the Fair Labor Standards Act. Effective March 11, 2024, this final rule provides guidance on how employers determine employee versus independent contractor status. Relying on a multifactor economic reality test, the […]

Carla McCall, CPA, CGMA – 2024 Most Powerful Women in Accounting

Carla McCall, CPA, CGMA – 2024 Most Powerful Women in Accounting

CPA Practice Advisor (June 4, 2024) – I’ve worked on women’s advancements since 2011 when I introduced AAFCPAs’ Women’s Opportunity Network (WON), which is essentially an Employee Resource Group (ERG) to give women connections, confidence, and capabilities to excel in their career. It has served as a safe space to discuss issues and experiences. In […]

Carla McCall Named 2024 Most Powerful Women in Accounting 

Carla McCall Named 2024 Most Powerful Women in Accounting 

Boston, MA (June 4, 2024)—AAFCPAs, a preeminent 325+ employee CPA and consulting firm is pleased to announce that Carla McCall, CPA, CGMA, Managing Partner has been selected as one of the 2024 Most Powerful Women in the Accounting Profession by the AICPA & CIMA and CPA Practice Advisor Magazine. This award promotes and supports the […]

AICPA Announces Keynote Speakers and Events for AICPA & CIMA ENGAGE 2024 in Las Vegas

AICPA Announces Keynote Speakers and Events for AICPA & CIMA ENGAGE 2024 in Las Vegas

CPA Practice Advisor (May 23, 2024) – The 2024 Most Powerful Women in Accounting awards will also be presented on the main stage at Engage 2024 on June 5. The American Institute of Certified Public Accountants and the Chartered Institute of Management Accountants have announced the keynote speakers and key events for this year’s 2024 ENGAGE, […]

AAFCPAs Continues Expansion to Meet Growth Momentum

AAFCPAs Continues Expansion to Meet Growth Momentum

Boston, MA (May 30, 2024)—AAFCPAs, a preeminent 325+ employee CPA and consulting firm specializing in tax, assurance, accounting, wealth management, business process and IT advisory solutions, is pleased to announce expansion of its key practice areas. As part of this, the company welcomes Patricia Taub as Senior Accountant; Shannon Sargent and April Winward as Consulting […]

ESOPs May Be the Key to Operating Tax-free in the Cannabis Space

ESOPs May Be the Key to Operating Tax-free in the Cannabis Space

Cannabis operators focus heavily on tax mitigation, employee retention, growth strategies, and profitable exit. A properly structured ESOP is a great tool to accomplish all those goals and more. In a recent webinar, “Cannabis ESOPs – The Industry Game Changer”, AAFCPAs’  David McManus, CPA, CGMA, Tax Partner & National Cannabis Practice Leader and Joshua England, LLM, Esq., […]

New AICPA Chair: ‘We need to promote the cool work we do’

New AICPA Chair: ‘We need to promote the cool work we do’

Journal of Accountancy (May 23, 2024) – Raised in a family that valued entrepreneurship, business acumen, and hard work, new AICPA Chair Carla McCall, CPA, CGMA, credits two trailblazing women for inspiring her the most. Her paternal grandmother held a job in banking until she founded her own insurance agency in 1948 and turned it […]