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AAFCPAs’ Dave Kelleher to Present Educational Session for Nonprofits and Board Members

AAFCPAs Partner David Kelleher, CPA, CGMA has been selected to present Exploring Nonprofit Financial Statements for Nonprofit Professionals on September 24th in collaboration with Philanthropy Massachusetts. In this interactive workshop, attendees will learn how to find the stories that nonprofit financial statements are telling. Attendees will get comfortable interpreting the numbers, reviewing financial statement disclosures and key financial indicators which determine the health of an organization, assess profitability, and much... continue reading

AAFCPAs to Present Workshop on Internal Controls & IT Countermeasures to Mitigate Risks

AAFCPAs’ Vassilis Kontoglis and David Kelleher will present an educational workshop on Best Practices in Internal Controls and IT Security to assist in mitigating risk at The Massachusetts Association of Early Education & Care (MADCA) Administration and Management Conference, in Worcester, MA on November 28th. Risk Management requires continuous improvement, and organizations must stay vigilant, and learn & adapt over time. In this interactive session, AAFCPAs will highlight critical risk... continue reading

The MA Attorney General Launches Online Payment System (ePay) to Accept Fees from Charities

The Massachusetts Office of the Attorney General (AGO), Division of Public Charities office has announced the launch of its statewide, online payment system to accept annual filing fees from registered charities.  Any public charity that is registered with the AGO and has an Attorney General Number may now use the ePay site to remit their filing fee for Annual Filings. The online system will accept payment via electronic fund transfer... continue reading

AAFCPAs highlights key items new to Head Start eligibility standards

In March, 2015, the Office of Head Start, an office of the U.S. Department of Health and Human Service (HHS), Administration for Children and Families, issued updated performance standards for Head Start programs.  AAFCPAs reminds our clients that the updated standards will be utilized in Head Start monitoring visits beginning October 1, 2015. AAFCPAs offers the following summary for your convenience to highlight key items new to Head Start eligibility... continue reading

UFR Reporting Guidance for Child Care Contractors With EEC Infant/Toddler Contracts

As a reminder, effective July 1, 2014, the Massachusetts Department of Early Education and Care (EEC) unblended the Infant/Toddler contract rates.  In recent guidance issued by the EEC, the previously combined programs must now be reported separately on the Uniform Financial Report (UFR).  For example, child care contractors who receive EEC funding and have a fiscal year-end of December 31st should file a combined infant/toddler UFR program for the first... continue reading

AAF Announces New Partner

The partners of Alexander, Aronson, Finning & Co., P.C., are pleased to announce the appointment of David J. Kelleher, CPA, as a partner of the firm. David joined AAF in 1997. A cum laude graduate from the University of Massachusetts at Dartmouth, he earned his Bachelor of Science degree in Accounting. David has extensive experience working with commercial businesses and nonprofit organizations. He provides audit and tax services for partnerships... continue reading