Industry
Accounting Standards Update 2025
2025 Accounting Standards Update | Webinar OnDemand AAFCPAs’ nonprofit assurance leaders shared the latest accounting standards affecting the nonprofit sector. Gain practical insights into recent updates, compliance requirements, and implementation strategies. This annual favorite equips nonprofit professionals with the information needed to navigate complex regulations, strengthen financial reporting, and enhance organizational transparency. Leave with strategies […]
New HHS Grant Terms May Affect DEI and Foreign Boycott Policies
AAFCPAs would like to make clients aware of new conditions in the Department of Health and Human Services (HHS) Grants Policy Statement (GPS), which was updated for the first time since 2007. The revised guidance, published on April 16, 2025, outlines new restrictions tied to Diversity, Equity, and Inclusion (DEI) activities and foreign boycotts that […]
Seminar Recap: Navigating EOs: What Nonprofits Need to Know
Navigating Executive Orders: What Nonprofits Need to Know | Webinar OnDemand During AAFCPAs’ recent Nonprofit Seminar (April 2025), AAFCPAs’ consulting attorneys Joshua England and Chris Consoletti presented practical guidance on how executive orders may affect nonprofit operations to more than 550 attendees. A reality for many nonprofits is that they are already attempting to navigate […]
CHIA Sets June 24 Filing Deadline for CHC Cost Report
AAFCPAs advises that Massachusetts-based Community Health Centers (CHCs) begin preparing now for the fiscal year 2024 Community Health Center Cost Report. The Center for Health Information and Analysis (CHIA) has announced a due date of June 24, 2025 for all CHCs, regardless of fiscal year-end. AAFCPAs advises that you not delay. Our Cost Report Team […]
New GASB Standards Affect Leave Accounting and Risk Disclosures
Governmental and quasi-governmental organizations, including charter schools, should begin preparing for two new standards issued by the Governmental Accounting Standards Board—GASB 101 and GASB 102. These statements, effective for fiscal year 2025 audits, introduce changes to how compensated absences are recorded and how certain risks must be disclosed. GASB 101: Compensated Absences GASB Statement No. […]
HRSA Cancels 2025 UDS+ Reporting Requirement
AAFCPAs would like to make clients aware that the Health Resources and Services Administration (HRSA) announced health centers will not need to submit the UDS+ report for the 2024 reporting year, originally due May 30, 2025. This update was shared during HRSA’s BPHC Program Updates webinar this week and confirmed in the Primary Health Care […]
How to Make Inventory Decisions That Drive Profit
Challenges to Profitability in the Cannabis Industry Profitability in the cannabis industry is challenging due to a combination of regulatory hurdles, banking restrictions, high tax rates, intense market competition, and cash flow management issues. The complex regulatory environment increases compliance costs, while federal laws limit access to traditional banking resources. Additionally, IRS Code Section 280E […]
Avoiding Costly Mistakes in Software Implementation
The Key to Successful Software Implementation is Careful Planning Implementing new software offers more than just a chance to update systems; it’s an opportunity to refine how your organization operates. While the drive to launch quickly may seem appealing, rushing the process can lead to missed opportunities, inefficiencies, and even long-term complications. A deliberate and […]
Navigating Economic Uncertainty: Strategies for Nonprofit Resilience
In this article: Economic volatility threatens not only nonprofit organizations but also the communities they serve. Funding uncertainty may disrupt essential services, particularly for vulnerable populations who rely on healthcare, housing, and social support programs. As costs rise and providers consolidate, access to care may become more limited, leaving individuals and families with fewer options […]