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Accounting Considerations for Nonprofits with Donor Advised Funds (DAF)

Accounting Considerations for Nonprofits with Donor Advised Funds (DAF)

It has been reported recently that charitable giving had its largest decline since the 2008-2009 financial crisis, citing circumstances such as 2018 tax law changes as one reason for the decline. In a blog published in August 2019, AAFCPAs Wealth Management outlined charitable giving strategies donors should consider in order to maintain charitable goals while […]

AAFCPAs Shares Expertise at Providers’ Council Annual Conference

AAFCPAs will happily present educational workshops on two important topics at the Providers’ Council 44nd Annual Convention & Expo in Boston, MA on October 7th. Anticipate the Fraudster Auditors identify weaknesses in internal control procedures and make recommendations to management for enhanced controls to mitigate the opportunity for fraud. However, combatting fraud requires more than […]

OSD Provides Guidance for MA UFR Filers on Reimbursement of Nonprofit Transportation Tax

AAFCPAs would like to make clients who file a Massachusetts UFR aware that we sought and received guidance from the Massachusetts Operational Services Division (OSD) regarding how unrelated business income tax (UBIT) associated with the provision of transportation benefits to employees would need to be treated for UFR reporting purposes. In response, OSD clarified that […]

AAFCPAs to Present Educational Workshop for Aspiring Board Members on Fiduciary Responsibility & How to Read Nonprofit Financial Statements

AAFCPAs’ Partners Thomas Muldoon, CPA, CGMA and Matthew Troiano, CPA will present an educational workshop on Fiduciary Responsibility of the Board & How to Read Nonprofit Financial Statements to current and aspiring board members and nonprofit leaders serving the MetroWest Boston community. This workshop, scheduled for Friday, March 9th, is organized by the Foundation for […]

AAFCPAs to Present Three Educational Sessions at National Business Officers Association (NBOA) Conference for Independent Schools

AAFCPAs has been selected again to present educational workshops on three important topics at the National Business Officers Association’s (NBOA) 2018 Annual Meeting in Nashville, TN on March 4 – 7.  This is a must-attend conference for business officers and other independent school leaders, providing exceptional professional development programming and networking opportunities for over 1,000 independent […]

AAFCPAs to Present Educational Workshops on Affordability & Accessibility, FASB ASU 2016-14, and Lease Accounting at NBOA Conference

AAFCPAs has been selected to present educational workshops on three important topics at the National Business Officers Association’s 2017 Annual Meeting in Washington D.C. on February 26th – March 1st.  This is a must-attend conference for business officers and other independent school leaders, providing exceptional professional development programming and networking opportunities for over 1,000 independent […]

The Pervasive Impact of Revenue Recognition on Independent Schools

The effective date of Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers has been deferred for all entities by one year; however, AAFCPAs advises that Independent Schools start preparing now to determine how the new Revenue Recognition Standard affects your financial picture, your stakeholders, and the way you do business. How may […]

AAFCPAs to Present Educational Workshops on Fraud Prevention, Revenue Recognition at National Business Officers Conference in L.A. Benefiting Independent Schools

AAFCPAs has been selected to present complimentary educational workshops on two important topics at the National Business Officers Association’s 2016 Annual Meeting in Los Angeles on February 21-24th.  This is a must-attend conference for business officers and other independent school leaders, providing exceptional professional development programming and networking opportunities for over 1,000 independent school professionals […]

HUD Extending the Due Date for Certain Financial Statements

Recent Security Breach Leads to Global Extension for Owners with 6/30/15 Fiscal Year Ends The U.S. Department of Housing and Urban Development (HUD) has issued a blanket extension for all 6/30/15 fiscal year end Real Estate Assessment Center (REAC) submissions (both owner and CPA certified) from the original due date (9/30/15) to 10/31/15.  The reason […]

New Year New Partners at AAF

Happy New Year from everyone at Alexander Aronson Finning CPAs! The entire firm wishes you and those close to you a happy, healthy, and prosperous 2014! We are very excited to announce that AAF continues to grow with the addition of two Partners to our team. Thomas Muldoon and Jeffrey Mead provide best value audit, […]