Print Friendly, PDF & Email



GASB Issues New Lease Accounting Standard

In June 2017, the Governmental Accounting Standards Board (GASB) issued Statement No. 87, Leases, which applies to entities following government accounting rules, including AAFCPAs’ clients in the Charter School industry, as well as other quasi-governmental organizations.  This guidance applies to most leases with a term of over 12 months.  These leases will now be recognized on the statement of net position of both the lessee and the lessor at the... continue reading

AAFCPAs to Present Educational Workshop on Strategic Budgeting at MNN Annual Conference

AAFCPAs to Present Educational Workshop on Strategic Budgeting at MNN Annual Conference

AAFCPAs will happily present an educational workshop on Rethinking Your Budget: Leading Your Organization through a More Comprehensive Financial Planning Process at the tenth annual, 2017 Massachusetts Nonprofit Network (MNN) Conference in Framingham, MA on November 1st. This is an exciting, must-attend conference for nonprofit executives, board members and advocates. It provides exceptional professional development and networking for over 600 nonprofit professionals and for-profit affiliates from across the state. We... continue reading

AAFCPAs’ Human & Social Services Practice to Present Educational Workshops at Providers’ Council Annual Conference: Transitioning to Data Driven Patient Care, and Strategic Budgeting

AAFCPAs’ Human & Social Services Practice to Present Educational Workshops at Providers’ Council Annual Conference: Transitioning to Data Driven Patient Care, and Strategic Budgeting

AAFCPAs will happily present educational workshops on two important topics at the Providers’ Council 42nd Annual Convention & Expo in Boston, MA on September 25th. Preparing Health Providers for Financial Success in the Transition to Data Driven Patient Care As health providers move to data driven patient care and new value-based reimbursement models, payers are pushing for proven treatment and performance measures. The leaders of AAFCPAs Human & Social Services... continue reading

Best Practices in Managing Your Nonprofit Operating Budget

Accurate budgeting is critically important to the success of any business, and especially important for nonprofit organizations that may have stretched resources, fluctuating funding, and/or heavy reliance on specific funders.  The operating budget is a key tool in effectively and efficiently achieving the organization’s stated purpose, and should align with your organization’s strategic plan. A well-formulated operating budget allows for best use of limited nonprofit resources and sets the course... continue reading

AAFCPAs releases 8-part educational podcast series, designed to help nonprofits thrive

AAFCPAs releases 8-part educational podcast series, designed to help nonprofits thrive

AAFCPAs is excited to announce the release of our 8-part educational podcast series offering actionable takeaways for organizations to improve efficiency, effectiveness and performance controls. This collection of podcasts is the 2nd series of recordings from AAFCPAs’ Annual Nonprofit Educational Seminar. These podcasts, and accompanying introductory videos, feature full audio of thought-provoking sessions recorded on May 3rd, 2017 in front of a live audience of 300+ nonprofit executives and board members.  Several... continue reading

How Your Form 990 May Trigger an Audit

AAFCPAs would like to make our clients aware that the IRS is now taking a data-driven approach to reviewing the Form 990, Return of Organization Exempt From Income Tax, to scrutinize governance, accountability and oversight of exempt organizations.   The IRS’s Exempt Organizations (EO) compliance specialists are now using data queries to better focus their examination plans on areas or issues where there may be greater risks of non-compliance. IRS Exempt... continue reading

AAFCPAs’ Jeanie Gorlovsky-Schepp Recognized as Woman to Watch!

AAFCPAs’ Jeanie Gorlovsky-Schepp Recognized as Woman to Watch!

It is with great pleasure and enthusiasm that we announce that Jeanie Gorlovsky-Schepp, Manager, is a recipient of the 2016 Women to Watch Awards, presented by the Massachusetts Society of CPAs in partnership with the AICPA’s Women’s Initiatives Executive Committee.  This prestigious award honors women who have made significant contributions to mentoring other professionals, leadership in workplace improvements, community service, and involvement with their alma mater. “Jeanie started her career... continue reading

2014 Federal Forms 990 Changes Affecting Supporting Organizations

Nonprofit organizations with a December 31, 2014 year-end are now in the process of reviewing their Forms 990 for the upcoming May 15th due date.  In advance of the filing deadline, AAFCPAs would like to advise nonprofits and their Board members of the significant revisions that specifically affect supporting organizations. In 2014, the IRS revised the Federal Form 990 Schedule A, adding two new sections to enhance the reporting for... continue reading

AAF Manager, Jeanie Gorlovsky-Schepp accepted to Women’s Leadership Program

We are excited to announce that Jeanie Gorlovsky-Schepp C.P.A. has been accepted to the Boston Chamber of Commerce 2012-2013 Women’s Leadership Program! The year long program is designed to help participants enhance their leadership skills and become engaged in the area’s civic and business communities. Jeanie was one of 59 selected to participate from a pool of over 100.   In fact she was the only CPA on the list outside... continue reading