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MA Form 3ABC due by 3/1 to avoid local property taxes

The Massachusetts “Return of Property Held for Charitable Purposes” (Form 3ABC) provides for an exemption from local taxation on personal and real property for eligible charitable organizations. As a reminder, in order to be exempt, you must file an annual Form 3ABC, due at the Assessor’s Office no later than March 1, in each city or town in which your organization owns real or personal property.  A copy of your most recently... 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

OMB Further Extends the Effective Date for the Procurement Standards of the Uniform Guidance

AAFCPAs would like to make clients aware that on May 17, 2017, the U.S. Office of Management and Budget (OMB) issued a correcting amendment extending the effective/applicability date of the procurement standards under the Uniform Guidance (UG). The procurement standards were one of the areas of significant change under the UG, and nonprofits receiving federal grants and contracts may welcome the OMB’s announcement that they have provided for a grace... continue reading

AAFCPAs Presents How to Start & Run a Nonprofit

AAFCPAs Partner, Robin Kelley, CPA, CITP, CGMA, CSPM, will serve as a faculty presenter for the Massachusetts Continuing Legal Education’s (MCLE) upcoming program: How to Start & Run a Nonprofit. In this new three-hour, live, continuing legal education (CLE) program and live webcast, Robin Kelley, and co-faculty members Elka T. Sachs, Esq., Krokidas & Bluestein LLP, and Teresa M. Santalucia, Esq., Klein Hornig LLP will provide guidance on the steps... continue reading

Guidance on How to Comply with Procurement Standards Under the Uniform Guidance

In December 2013, the Office of Management and Budget (OMB) issued the new Uniform Guidance (UG), which includes comprehensive reform rules affecting all nonprofits receiving federal grants and contracts. One of the areas of significant change under the UG is the procurement standards, a component of Subpart D, Post-Award Requirements, contained in Sections 200.317 through 200.326. These sections describe the applicable procurement standards, the methods of procurements to be followed,... continue reading

Massachusetts to Issue Changes to Surplus Revenue Retention Regulations

AAFCPAs is pleased to report that there will be changes to the Massachusetts regulations regarding Surplus Revenue Retention, which appear favorable to human & social service providers.  The 20 percent lifetime cap on Surplus Revenue Retention will be eliminated.  Additionally, the 5 percent annual cap on Surplus Revenue Retention will be changed to a 20 percent cap per year.  The changes  will go into effect at the beginning of the... continue reading

AAFCPAs Presents How to Maintain Your Nonprofit Status

The nonprofit clients we serve have a tremendously positive impact on the employees and culture of AAFCPAs. Regardless of the mission, we are inspired daily by our awareness of all the great work that occurs by nonprofits in service to our community.  We are happy to share our expertise pro bono through lecturing or speaking at industry groups and nonprofit events that ultimately enrich our community. AAFCPAs Partner, Robin Kelley,... continue reading

AAFCPAs to Present Financial Changes, Challenges & Opportunities at CAFCA Conference

AAFCPAs Partner Robin Kelley, CPA, CGMA, in collaboration with the Connecticut Association for Community Action, Inc. (CAFCA), will present two interactive, finance best practices workshops for Community Action Agency Finance Directors and staff at CAFCA’s 2015 Connecticut Community Action Agency Conference on October 9, 2015 at the Hartford Marriott Farmington, Farmington, CT. Liquidity and Organizational Stability | 9:00-10:30 am Robin will analyze financial health through the lens of a CAA’s... continue reading

Using Technology to Gain Efficiency and Internal Control in Major Business Processes

Morning Workshop at Providers’ Council 40th Annual Convention & Expo AAFCPAs Partners Robin Kelley, CPA, CGMA, and James Jumes, along with AAFCPAs’ clients Timothy Barrett, Controller, Pine Street Inn and Andrew Caires, Director of Fiscal Services, Center for Human Development, Inc. will present an interactive Workshop to discuss ways in which technology may be used to gain efficiency and internal control in major business processes. Improvements and thoughtful implementation of... continue reading

EOHHS 3.75% Payment Contracts: AAFCPAs advises on where and how to record quarterly payments

Human & social services providers who do not yet have a regulation establishing a rate of payment for certain social services programs are now beginning to receive their expected quarterly payments from the Executive Office of Health and Human Services (EOHHS) for programs affected by Chapter 257. Where and how do providers record payment? Purchase of Service (POS) Providers currently doing business with EOHHS should have received a letter regarding... continue reading