Courtney McFarland
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 […]
Are You Prepared for an Office of Pharmacy Affairs (OPA) Audit?
340B Report (May 16, 2024) – All entities who participate in the 340B program are subject to an Office of Pharmacy Affairs (OPA) audit regardless of entity type, size or volume of transactions. For the last five years, HRSA’s OPA has been completing approximately 200 audits a year and, as of May, 2024, 19 audits […]
$240M Funding Available to Expand Behavioral Health
AAFCPAs would like to make Federally Qualified Health Center (FQHC) clients aware that the Health Resources and Services Administration (HRSA) has earmarked $240 million to help its health centers meet rising demand for mental health and substance use disorder services. Applicants must be Health Center Program award recipients with an active H80 grant award. A […]
340B ESP New Data Request Raises Concerns About Overreach
340B Report (February 24, 2024) – The drugmaker vendor 340B ESP’s recent requests for additional claims data from some 340B hospitals has raised concerns from 340B providers that the vendor is going beyond the scope of what it is legally permissible to collect. An email obtained by 340B Report from 340B ESP to a 340B […]
FASB Approves New Guidance on Certain Crypto Assets
AAFCPAs would like to make clients aware that in December 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2023-08, Intangibles – Goodwill and Other – Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets. Note: the amendments in ASU 2023-08 require that an entity measure “in-scope” crypto assets (as […]
New Bill Could Amend ERTC Due Date
AAFCPAs would like to make clients aware of a new bill that has reached congress titled The Tax Relief for American Families and Workers Act of 2024, a vote for which is anticipated by January 31, 2024. If passed, this bill could amend the due date of Employee Retention Tax Credit (ERTC) filings to January […]
IRS Launches New ERC Withdrawal Process to Combat Fraud
AAFCPAs would like to make clients aware that the IRS has released details of its special Employee Retention Credit (ERC) withdrawal process. This initiative is designed to assist employers who filed an ERC claim but have concerns about its accuracy due to pressure or misleading advice from ERC marketers or promoters. The new withdrawal option […]
MassCPAs 2023 Women’s Leadership Summit
On October 26th, 2023, AAFCPAs had the pleasure of celebrating our very own, Courtney McFarland, CPA at the MassCPAs Women’s Leadership Summit! Congratulations to Courtney McFarland, CPA, and alumna Amanda Pelcher, CPA, on their well-deserved honors! We are incredibly proud of both of you!!
Courtney McFarland Selected for MassCPAs’ Women to Watch Award
Boston, MA (October 9, 2023)—AAFCPAs, a preeminent 300+ employee CPA and consulting firm specializing in tax, assurance, accounting, wealth management, business process and IT advisory solutions, is pleased to announce that Courtney McFarland, CPA, MSA, 340B ACE, Partner has been selected as recipient of the 15th Annual MassCPAs Women to Watch Award in the Experienced […]