—By Author
October Designated National Cybersecurity Awareness Month
October kicks off National Cybersecurity Awareness Month (NCSAM), which is dedicated to raising public awareness on the importance of cybersecurity. Launched in 2004 by the U.S. federal government, NCSAM aims to encourage businesses and individuals to investigate potential risk along with strategies to improve the security of critical infrastructure. Where To Start The threat landscape […]
CECL Standard’s Significant Impact on Financing and Trade Accounts Receivable
AAFCPAs Provides Business Guidance on FASB’S New CECL Model Guidance May Have a Significant Financial Reporting Impact on Financing and Trade Accounts Receivable The long-awaited Current Expected Credit Losses (CECL) Standard, Accounting Standards Update 2016-13 – Financial Instruments-Credit Losses (Topic 326) will be effective for nonpublic business entities and not-for-profit entities for fiscal years beginning after […]
From the Desk of Carmen Grinkis – October 2023
Clients often come to us because of some kind of transition or challenge. They may be heading into retirement, navigating a divorce, or coping with the loss of a loved one. In all these cases, there is so much more to consider than how investments are performing. Especially as we age, we find ourselves building […]
From the Desk of Jonathan Bloom – October 2023
On the Desk This time of year, we have an opportunity to step back and understand how things are progressing with your financial plan. Between interest rates, inflation, market volatility, and year end on approach, there is plenty to consider and still time to make strategic adjustments. It brings to mind one of my favorite […]
Colorado and Minnesota Impose Retail Delivery Fee
AAFCPAs’ State & Local Tax (SALT) practice would like to make clients aware that the state of Colorado and Minnesota have enacted a retail delivery fee. Colorado Updates Rule The state of Colorado originally imposed a fee of $0.27 on all retail sales delivered by motor vehicle to Colorado customers effective July 2, 2022. This […]
FQHCs Prepare for National Cybersecurity Awareness Month
FQHCs are faced with an ever-shifting cybersecurity landscape due to emerging technologies and shifting internal and cloud vulnerabilities. Adding to this are regulations designed to keep pace as well as the data (health and personally identifiable) that live through their systems. The U.S. federal government has designated October as National Cybersecurity Awareness Month (NCSAM). AAFCPAs […]
ABI-Lab Informational Luncheon Session
On September 28th, 2023, AAFCPAs‘ Nicole Zompa, CPA, Scott Posnick, and Rich Weiner, CPA, MST, CMAA held an educational luncheon session where they dove into crucial financial topics that early-stage Life Science and Biotech startups must address. Congratulations to the four winners of our gift-card raffle: Weimin Wu, Lynn Zheng, Skyler Michaud, and Yagmur Kan! Thank you to everyone who entered and attended!! #aafedu #greatmindsgreathearts
IRS Offers Relief to Taxpayers Affected by Hurricane Lee
AAFCPAs and AAF Wealth Management would like to make clients aware that the IRS has offered tax relief for businesses and individuals affected by Hurricane Lee. Taxpayers in all 16 counties in Maine and all 14 counties in Massachusetts automatically qualify for relief as part of a coordinated federal response. Affected taxpayers now have until […]
From the Desk of Kevin Hodson – September 2023
On the Desk The Federal Reserve just concluded their most recent Federal Open Market Committee (FOMC) meeting on 9/20. In the post-meeting presser Wednesday afternoon, Fed Chairman Jerome Powell indicated that the Fed is “close to done raising interest rates.” However, they’re not about to ease up on the Federal Funds Rate which presently stands at 5.25% […]