AAFCPAs’ Construction Practice is pleased to invite clients and friends to an informative dialogue about which construction financial analytics are most crucial for controlling costs, ensuring profitability, and managing project efficiency. We’ll also offer a product demonstration presented by ProNovos, a leading financial analytics solution tailored to suit the needs of the construction industry. This […]
AAFCPAs invites construction executives to attend a 1-hour webinar on December 7th at 1pm to learn how to leverage data-driven insights to find efficiencies and protect their profits. Dr. John Killingsworth from Colorado State University joins Kevin Bright from ProNovos for a discussion on leveraging construction analytics to create a financial dashboard. The discussion will […]
ProNovos and AAFCPAs Bring Construction Data Analytics to Contractors in Massachusetts and New Hampshire
Strategic partnership between analytics provider ProNovos and CPA and consulting firm AAFCPAs emphasizes benefits of data-driven approaches to WIP reporting, resource-management and more ATLANTA and BOSTON (September 15th, 2022) – New England construction contractors have a faster and easier way to benefit from analytics thanks to a new partnership between ProNovos and AAFCPAs. As part […]
Inflation Reduction Act Tax Credit Incentives for Contractors
On August 16, 2022, President Biden signed the Inflation Reduction Act. Both existing and expired energy efficiency tax incentives including 179D Deductions and 45L Credits have been expanded significantly. AAFCPAs would like to make Real Estate and Construction clients aware of the following provisions: Section 179D Tax Deduction The Inflation Reduction Act aims to invest […]
AAFCPAs’ Partner Dan Stanhope Awarded CFMA 40 Under Forty
AAFCPAs (Westborough, Waltham, Wellesley, Boston, MA) is pleased to announce that Partner Daniel Stanhope, MSA, CCIFP, CPA was selected for the Construction Financial Management Association’s (CFMA) first 40 Under 40 Awards. These distinguished awards recognize the next generation of construction financial management leaders who are rising stars, positively impacting the construction industry and their companies. […]
R&D Tax Credit Underutilized by Construction Contractors
AAFCPAs would like to make construction clients aware of potential tax savings that are available to contractors through the use of Research & Development (R&D) Tax Credits. The R&D Tax Credit is a government-sponsored tax incentive that rewards companies for conducting R&D in the United States. It is a common misconception that the R&D credit […]
Guidance on the SBA’s New Applications for PPP Loan Forgiveness
On June 16th the Small Business Administration (SBA) released a series of new applications and instructions for the forgiveness calculation for the Paycheck Protection Program (PPP) loans. The application has been broken down into two documents: application and instructions. A new, simpler EZ form with corresponding instructions has also been introduced. AAFCPAs has provided for […]
AAFCPAs would like to make clients aware that in their most recent Paycheck Protection Program (PPP) Loan Frequently Asked Questions (FAQs), the Treasury and the Small Business Administration (SBA) announced an additional extension of the “safe harbor” deadline for recipients of PPP loans. PPP loan borrowers are now allowed to return the money to the […]
SBA FAQ Indicates Good Faith Assumed for PPP Loans Under $2M
In a dramatic turn of events the Small Business Administration (SBA) released Paycheck Protection Program (PPP) Loans FAQ #46 today, May 13th regarding how the organization will review borrowers’ required good-fair certification concerning the necessity of their loan request. Loans Under $2 Million The FAQ reads “Any borrower that, together with its affiliates, received PPP […]
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