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Massachusetts Operational Services Division Provides EEC UFR Reporting Guidance
The Massachusetts Department of Early Education and Care (EEC) introduced changes to its contract reimbursement model that give providers greater flexibility in how costs are recognized. As a reminder, effective October 1, 2024, contracts that were once primarily unit rate now follow a mix of unit rate and cost-reimbursable structures. The change applies to both […]
OBBB Restores 100 Percent Bonus Depreciation and Expands Section 179
When it comes to managing your business’s tax burden, the timing and method of depreciating property can make a significant difference. Cash flow is an integral part of every business and, for a business owner, taxes are one of the biggest expenses they will have. The One Big Beautiful Bill Act (OBBB), signed into law […]
Promotions Celebrated at AAFCPAs
AAFCPAs, a U.S. Top 100 CPA and consulting firm, is pleased to announce recent promotions across audit and assurance, tax, Outsourced Accounting & Fractional CFO along with technology, process, and risk advisory. We are proud to recognize the remarkable accomplishments and dedication of our team members, whose expertise, passion, and innovative spirit continue to set […]
New Law Makes QBI Deduction Permanent for Qualified Business Owners
Tax Planning is one of the most important components of operating a successful business, and maximizing the Qualified Business Income (QBI) deduction is a key element in that planning. The QBI deduction enables eligible business owners to reduce their taxable income by up to 20 percent of their qualified business income, providing a valuable opportunity […]
Senior Living Facilities Face New Financial Challenges in 2025
Senior living facilities are under pressure, managing rising costs while striving to deliver consistent care to a population that is living longer and often requires more complex support. Staffing remains a central concern: wages are up, agency fees remain high, and the workforce is still recovering from post-pandemic attrition. At the same time, more individuals […]
OBBB State & Local Tax Deduction Increase May Enhance Itemized Benefits
The One Big Beautiful Bill Act, signed into law July 4, 2025, raises the state and local tax (SALT) deduction cap from $10,000 to $40,000 for households with modified adjusted gross income (MAGI) under $500,000. For many, this brings a renewed incentive to itemize, putting mortgage interest, charitable contributions, and property taxes back into play. […]
Sarah Flischel Among Five CPAs Recognized Nationally for Leading Audit Innovation
Boston, MA (August 21, 2025)—AAFCPAs is pleased to announce that Sarah Flischel, CPA, Director of Audit Transformation and Training, has been honored as a recipient of the 2025 AICPA Emerging Leaders Award. Sarah is among five CPAs nationally recognized for their extraordinary leadership, innovation, and commitment to supporting the next generation in the accounting profession. […]
Cash Management Strategies for Life Sciences Companies
Cash drives every strategic decision in the life sciences and medical device field. Whether investing in research and development spending, advancing a therapy through clinical trials, acquiring lab equipment, or managing global vendor relationships, liquidity determines pace and flexibility. Timelines can be long. Outcomes can hinge on regulatory approvals, trial results, or market conditions beyond […]
Why More Business Owners Are Turning to ESOPs for Succession
More business owners are turning to employee stock ownership plans (ESOPs) to ensure continuity, reward long-serving team members, and transition out with intention. Unlike sales to outside buyers, ESOPs keep ownership within the company, preserving institutional knowledge and culture. Beyond continuity, ESOPs provide a pathway to liquidity that aligns with both financial goals and legacy. […]