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Unique Tax Breaks for Breweries

Is your business familiar with the unique tax breaks available in the brewery industry?  AAFCPAs has provided for your convenience the below tax insights that could have a major impact on reducing your tax burden: Section 179 Depreciation Breweries are capital intensive businesses, and equipment investments can be significant. Section 179 allows breweries to deduct the property placed in service in the year of acquisition as opposed to depreciating it... continue reading

Burden calculations: How to allocate your indirect cost pools to specific jobs

Burden calculations: How to allocate your  indirect cost pools to specific jobs

Indirect costs are a necessary part of doing business and a factor unavoidably impacting your company’s profit margins.  It is important for contractors to allocate indirect costs to specific jobs in order to truly understand your true cost structure.  In an earlier blog, I illustrate how Ready-Access to True Costs Will Guide Profitability. Read more>>. If indirect costs are not budgeted and allocated appropriately, contractors may have false expectations or... continue reading

AAFCPAs Promotes Five to Partner to Support Firm Growth

AAFCPAs Promotes Five to Partner to Support Firm Growth

Westborough, MA 1/13/2016 – AAFCPAs is excited to announce the promotion of five additional Partners to our team.  Julie Chevalier, Dan Stanhope, Matt Troiano, Charlie Webb, and Matthew Boyle provide best value assurance, tax & advisory solutions, with outstanding client service to AAFCPAs’ growing client list of nonprofit organizations, privately-held commercial companies, and high-net-worth individuals & their families. Julie Chevalier, CPA, Tax Partner Julie is responsible for ensuring that clients... continue reading

The Construction Work-In-Process (WIP) Is A Strategic Tool, Not Simply A Compliance Schedule

WIP monitors key performance indicators & reveals trends affecting profitability. For contractors, the Work-In-Process (WIP) schedule is part of a fundamental dashboard used to determine revenues and gross profit that should be included in your regular, monthly reporting package. The WIP schedule provides a snapshot at a point in time of where your profitability stands on a job-by-job basis, and can provide assurance that your contract revenue, contract costs, underbillings, and... continue reading

Ready-Access to True Costs Will Guide Profitability

In construction, there is the phrase: “costs drive revenue,” meaning that the driver behind how you recognize revenue is your costs.  Owners, estimators, project managers and accounting staff all need to fully comprehend a company’s true cost structure to clearly understand their financial position.  This information needs to be presented to the appropriate people (management) in a timely manner so important business decisions can be made. These financial metrics and... continue reading