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GASB Issues Statement 103: What Government Entities Need to Know
The Government Accounting Standards Board (GASB) has issued Statement 103, Financial Reporting Model Improvements, introducing meaningful changes to how government entities present their financial information. With an effective date for fiscal years beginning after June 15, 2025 (for June 30, 2026 year-ends), organizations should begin preparing now. Why These Changes Matter GASB 103 represents a […]
Washington Millionaires Tax: What High-Income Taxpayers Need to Know
Washington state has taken a notable step in reshaping its tax structure. A new law establishes a 9.9 percent tax on Washington adjusted gross income above $1 million, with an effective date set for January 1, 2028. For high-income households and business owners, the immediate takeaway is not urgency, but time. The multiyear lead-up to […]
FY 2025 CHC Cost Reports Released for Massachusetts Providers
The Massachusetts Center for Health Information and Analysis (CHIA) issued the FY 2025 Community Health Center (CHC) Cost Report on May 8, 2026. AAFCPAs would like to make clients aware that providers required to file must submit no later than July 7, 2026. CHIA collects these reports pursuant to regulation 957 CMR 6.00. Who is […]
AAFCPAs Takes the Stage at AICPA® ENGAGE 2026
AAFCPAs will lead two sessions at ENGAGE 2026, one of the profession’s largest and premier annual events. The Great Debate: Return to Office AAFCPAs Managing Partner Carla McCall, CPA, CGMA will participate in a debate style session, exploring the pros and cons of a remote, hybrid, and in person workforce. The panel includes Jose Antunes […]
Chris Bango Honored with 2025 Joel Aronson Character Award
AAFCPAs is proud to announce that Chris Bango, Audit Manager, has been honored with the esteemed, partner-nominated Joel Aronson Character Award. This annual award recognizes team members who exemplify the integrity, dedication, and generosity of Joel Aronson, Founder of AAF Wealth Management. The award celebrates individuals who demonstrate compassion, selflessness, and a steadfast commitment to […]
IRS ERC Review Delays: New Extension Process for Disallowed Claims
Over the past year, many taxpayers with disallowed Employee Retention Credit (ERC) claims have found themselves waiting, often longer than expected, for the IRS to review their responses. Meanwhile, statutory deadlines continue to run while these claims sit under review. In late April, the IRS introduced a new, limited procedure that allows certain taxpayers to […]
AAFCPAs’ Sarah Flischel Recognized Among CPA Practice Advisor’s 40 Under 40
Sarah Flischel, CPA, Director, Audit Transformation & Training at AAFCPAs, has been named a 2025 40 Under 40 Accounting Professionals honoree by CPA Practice Advisor, recognizing her role in advancing modern, data-driven audit practices and strengthening the profession’s future. In her role at AAFCPAs, Flischel has led a firmwide effort to evolve how audits are […]
CalCPA Honors Destiny Flood with 2026 Women to Watch Award
AAFCPAs’ Partner Destiny Flood, CPA, has been selected as a 2026 CalCPA Women to Watch Award recipient in the Experienced Leader category, recognizing professionals whose leadership drives meaningful impact within the accounting profession. The Women to Watch Awards, presented by the California Society of Certified Public Accountants, honor leaders whose influence extends beyond their organizations […]
Forensic Accounting for Asset and Income Analysis in Litigation
Complex financial records can obscure key facts in legal disputes. Professional analysis can help legal teams clarify claims and inform strategy. Key Takeaways: Financial complexity often determines the outcome of legal disputes. Whether in divorce, trust, or civil business litigation, understanding the underlying financial picture is essential. Attorneys frequently face cases with tangled accounts, hidden […]