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AAFCPAs Announces Promotions and Peer Nominated Awards

“Our people are our greatest asset! Therefore, AAFCPAs hires exceptional people at all levels, develops them faster and provides opportunities for personal and professional growth. Our culture ensures they feel a genuine sense of being cared about; and that care extends to how graciously we serve our clients, and communities.” said Carla McCall, CPA, CGMA, […]

IRS Provides Clarity on Paid Sick Leave & Family Leave Credits

AAFCPAs reminds clients that the COVID-related Tax Relief Act of 2020, enacted on December 27, 2020, extends the availability of the tax credits created by the Families First Coronavirus Response Act (FFCRA) to eligible employers for paid sick and family leave provided through March 31, 2021, as well as other amendments to the credits. The […]

Guidance on Identity Theft Involving Unemployment Benefits

In a recent announcement, the IRS urged taxpayers who received Forms 1099-G for unemployment benefits they did not actually get because of identity theft to contact their appropriate state agency for a corrected form. States issue Forms 1099-G to the taxpayer and to the IRS to report what taxable income, such as refunds or unemployment […]

AAFCPAs Hosts Successful Intern Development Program

AAFCPAs Hosts Successful Intern Development Program

The COVID-19 pandemic has offered unique constraints this year, but AAFCPAs remained committed to offer our meaningful internship experience for aspiring accountants. Internships are an important tool for students who use this time to explore interests and help inform their decisions about the future. Additionally, AAFCPAs leverages our internship program to identify and offer full-time […]

Unemployment Fraud Persists

AAFCPAs reminds clients that fraudsters continue to capitalize on hardships created by the pandemic. State Departments of Unemployment Assistance (DUA), including Massachusetts, are reporting an onslaught of fake unemployment claims, which appear to use identities constructed from a huge cache of information taken in national data breaches in recent years. Employee Fraud Alert The DUA […]

Retirement Plan Provisions of the CARES Act

AAFCPAs would like to make clients aware of retirement plans provisions included in the Coronavirus Aid, Relief and Economic Stimulus (CARES) Act legislation. These provisions include expanded and penalty-free withdrawal rights, expanded loan rights, extended rights to repay loans and withdrawals, and a deferral of mandatory distributions. Coronavirus-Related Hardship Distributions The 10% early distribution penalty […]

Understanding Unemployment and the CARES Act

Employers who are faced with workplace shutdowns due to the impact of COVID-19 will need to assess the best approach for their business situations: a temporary layoff or a formal end of employment. Prior to layoff, employers must ensure that messaging to employees and wage payments reflect the difference. The definition and terminology vary from […]

AAFCPAs’ Chief Talent Officer and New Director of Talent Advancement Support Continued Growth

AAFCPAs is pleased to announce Donna M. Richer is promoted to Chief Talent Officer (CTO) and Ingrid Goldbloom Bloch joins the firm as Director, Talent Advancement. Donna M. Angelico As CTO, Donna leads AAFCPAs’ Talent Management function and helps maintain our unique and authentic company culture—one that genuinely cares for the individual, expects honesty and […]