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Flood Shared Leadership Insights at San Diego Firm Growth Forum – May 21, 2025
AAFCPAs’ Destiny J. Flood, CPA, Commercial Partner, Outsourced Accounting & Fractional CFO joined a panel discussion on the evolving role of CPA firm partners at Accounting Today’s Firm Growth Forum. This session, Next-Gen Perspectives: Insights from Newly Minted Partners, highlighted the journeys of new partners, their motivations for leadership, and how they are shaping the […]
HRSA Cancels 2025 UDS+ Reporting Requirement
AAFCPAs would like to make clients aware that the Health Resources and Services Administration (HRSA) announced health centers will not need to submit the UDS+ report for the 2024 reporting year, originally due May 30, 2025. This update was shared during HRSA’s BPHC Program Updates webinar this week and confirmed in the Primary Health Care […]
How to Make Inventory Decisions That Drive Profit
Challenges to Profitability in the Cannabis Industry Profitability in the cannabis industry is challenging due to a combination of regulatory hurdles, banking restrictions, high tax rates, intense market competition, and cash flow management issues. The complex regulatory environment increases compliance costs, while federal laws limit access to traditional banking resources. Additionally, IRS Code Section 280E […]
Avoiding Costly Mistakes in Software Implementation
The Key to Successful Software Implementation is Careful Planning Implementing new software offers more than just a chance to update systems; it’s an opportunity to refine how your organization operates. While the drive to launch quickly may seem appealing, rushing the process can lead to missed opportunities, inefficiencies, and even long-term complications. A deliberate and […]
Pursuit of happiness: AICPA Chair Carla McCall emphasizes people, positivity
Journal of Accountancy (April 16, 2025)- A chair, by definition, is stationary. A chair, when occupied by Carla McCall, CPA, CGMA, is anything but. “Some chair roles are like, ‘Oh, you’re the chair, but you don’t really do much,’” McCall said. “This chair position is immersed in the profession.” McCall’s tenure as AICPA chair has […]
Pickleheads, the Wheel of Life, and Personal Growth
As a wealth advisor and a former clinical psychologist, I’ve always believed that true financial well-being is about more than just dollars and cents. It’s about creating a life that feels balanced, meaningful, and fulfilling in all areas. One of my favorite tools to support this mindset is the Wheel of Life—a simple yet powerful […]
Navigating Funding Uncertainty: Strategies for Life Sciences Organizations to Mitigate Risk
In the life sciences sector, where innovation often relies on grant funding, financial stability has become increasingly uncertain. Federal budget constraints and shifting political priorities pressure organizations to adopt a proactive approach to managing grants. As opposed to reacting to changes as they happen, AAFCPAs advises that clients anticipate potential funding risks and implement strategies […]
Improving Budgeting Processes with Cloud-Based Tools
During AAFCPAs’ recent webinar, nearly 70 attendees joined AAFCPAs and Martus™ to discuss ways to streamline the budgeting process with the Martus cloud-based solution, which enhances financial planning and decision-making. AAFCPAs’ Robyn Leet, Partner, Business Process Assessments & Attestations and Wendy Smith, CPA, Consulting CFO, Process & Systems along with Martus’ Chris Grady and Joseph […]
Wait to the last minute on your tax return? Here are some tips.
NBC Boston (April 2,2025)- Tax day is almost here. This year, all federal and state returns must be filed by the April 15 deadline. If you’re dreading doing your taxes, you’re not alone. Nearly a third of Americans admit to procrastinating and waiting until the last minute to file their paperwork. Tomas Pueyo, a tax manager […]