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Massachusetts Live Theater Tax Credit: Understanding the Cost Accounting Report Requirements
Key Takeaways: The first productions approved under the Massachusetts Live Theater Tax Credit are entering the reporting phase. The Cost Accounting Report will determine how eligible expenses translate into the final credit award. Massachusetts theater companies awarded credits through the inaugural Live Theater Tax Credit Pilot Program are now entering the reporting phase. After receiving […]
Speaking The Same Language: Finance Fundamentals for Legal Teams
Key Takeaways: Aligning Legal Review with Financial Reality Legal teams are often asked to weigh in on decisions that carry financial consequences, even when the issue appears purely contractual or regulatory. A basic understanding of financial statements and reporting principles equips counsel to see those consequences more clearly. It also supports more informed discussions with […]
Understanding SOC Automation: Avoiding Pitfalls
CTOs, CISOs, and Heads of Compliance are seeing a flood of automation platforms promising a faster, more affordable System and Organization Controls (SOC) report process. These tools typically offer streamlined evidence collection, pre-built control libraries, and dashboards designed to simplify compliance workflows. While they can help improve organization and visibility, they are not a standalone […]
Financial Challenges Facing FQHCs
The following content, contributed by AAFCPAs’ Healthcare Practice Leader Courtney McFarland, appeared in STAT First Opinion, a platform showcasing perspectives and opinions on biotechnology, medicine, and the life sciences. Mission-critical Care is Financially Unsustainable Under FQHCs’ Current Model Twenty years ago, when I started working with federally qualified health centers, I once performed a walkthrough […]
What Businesses Should Know About the New Overtime Deduction
The Department of the Treasury and the Internal Revenue Service issued new guidance on a deduction tied to overtime pay under the One Big Beautiful Bill Act. The newly released IRS FAQs clarify how the deduction works, confirm transitional relief for 2025, and identify where employees should look for authoritative information. Understanding those boundaries may […]
Finance Leader’s Guide to Post-Merger Integration Challenges
The Letter of Intent is signed, due diligence goes smoothly, terms are agreed upon, and the deal closes. For finance leaders the months following a merger often present more complex challenges than the transaction itself. While legal teams pack up their closing binders, finance leaders face the intricate work of transforming two separate financial operations […]
Cannabis Operators Face New Strategic Choices
As we enter 2026, cannabis operators are navigating a more demanding business environment. Margins are tighter. Regulations continue to evolve. Consolidation is altering competitive dynamics in ways that are not always predictable. Against this backdrop, decisions about growth, partnerships, capital, and potential exit strategies carry greater weight than they once did. The strategic choices made […]
2025 HRSA Site Visit Protocol Updates Refine Compliance Expectations
The Health Resources and Services Administration (HRSA) has released its 2025 updates to the Health Center Program Site Visit Protocol, refining how Operational Site Visits are conducted for Federally Qualified Health Centers (FQHCs) and Look-Alikes. Many revisions align language and methodology with current program guidance. Several changes, however, provide clearer direction in areas where documentation […]
How Nonprofits Spot Loss‑Leading Programs Early and Keep Their Mission Moving Forward
Key Takeaways: Identifying Loss-Leading Programs Early Nonprofit leaders balance mission and financial responsibility every day. For organizations with multiple programs, that balance grows even more complex as funding sources multiply, staffing challenges persist, and reporting expectations increase. Over time, financial pressure may emerge in subtle ways. An organization may continue to meet its obligations and […]