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Construction Analytics Overview and Software Demo

Construction Analytics Overview and Software Demo

AAFCPAs’ Construction Practice is pleased to share an informative dialogue about which construction financial analytics are most crucial for controlling costs, ensuring profitability, and managing project efficiency. We also offer a product demonstration presented by ProNovos, a leading financial analytics solution tailored to suit the needs of the construction industry. This webinar OnDemand will reveal […]

Affordable Housing Sponsors Approaching LIHTC Property Transitions

Affordable Housing Sponsors Approaching LIHTC Property Transitions

The Low-Income Housing Tax Credit (LIHTC) program, enacted in 1987, has been paramount for financing the construction and rehabilitation of properties in low-income communities.  The credits are claimed by the investor over a period of 10 years, with a 15-year Federal compliance period. Additionally, there is an overall 30-year restricted use-period with the state housing […]

Data-Driven Insights for Construction Executives

Data-Driven Insights for Construction Executives

AAFCPAs invites construction executives to attend a 1-hour webinar on December 7th at 1pm to learn how to leverage data-driven insights to find efficiencies and protect their profits. Dr. John Killingsworth from Colorado State University joins Kevin Bright from ProNovos for a discussion on leveraging construction analytics to create a financial dashboard. The discussion will […]

Inflation Reduction Act Benefits Affordable and Low-Income Housing Developers

Inflation Reduction Act Benefits Affordable and Low-Income Housing Developers

AAFCPAs would like to make real estate clients aware of important credits and incentives defined in the Inflation Reduction Act (IRA). One of the key takeaways of the IRA for real estate developers in the renewable energy sector is the 10-year extension of the Investment Tax Credit (ITC) under Section 48 while increasing the credit […]

ProNovos and AAFCPAs Bring Construction Data Analytics to Contractors in Massachusetts and New Hampshire

ProNovos and AAFCPAs Bring Construction Data Analytics to Contractors in Massachusetts and New Hampshire

Strategic partnership between analytics provider ProNovos and CPA and consulting firm AAFCPAs emphasizes benefits of data-driven approaches to WIP reporting, resource-management and more  ATLANTA and BOSTON (September 15th, 2022) – New England construction contractors have a faster and easier way to benefit from analytics thanks to a new partnership between ProNovos and AAFCPAs. As part […]

Inflation Reduction Act Tax Credit Incentives for Contractors

Inflation Reduction Act Tax Credit Incentives for Contractors

On August 16, 2022, President Biden signed the Inflation Reduction Act. Both existing and expired energy efficiency tax incentives including 179D Deductions and 45L Credits have been expanded significantly. AAFCPAs would like to make Real Estate and Construction clients aware of the following provisions: Section 179D Tax Deduction The Inflation Reduction Act aims to invest […]

Guidance on New Lease Accounting Standard

Guidance on New Lease Accounting Standard

In 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease transactions.   AAFCPAs has summarized some of the most significant changes resulting from the new ASU for your convenience: AAFCPAs has provided a detailed Whitepaper providing guidance on the FASB’s new Lease standard so clients may proactively […]

AAFCPAs’ Partner Dan Stanhope Awarded CFMA 40 Under Forty
Dan Stanhope - 40 under 40

AAFCPAs’ Partner Dan Stanhope Awarded CFMA 40 Under Forty

AAFCPAs (Westborough, Waltham, Wellesley, Boston, MA) is pleased to announce that Partner Daniel Stanhope, MSA, CCIFP, CPA was selected for the Construction Financial Management Association’s (CFMA) first 40 Under 40 Awards. These distinguished awards recognize the next generation of construction financial management leaders who are rising stars, positively impacting the construction industry and their companies. […]

R&D Tax Credit Underutilized by Construction Contractors

R&D Tax Credit Underutilized by Construction Contractors

AAFCPAs would like to make construction clients aware of potential tax savings that are available to contractors through the use of Research & Development (R&D) Tax Credits. The R&D Tax Credit is a government-sponsored tax incentive that rewards companies for conducting R&D in the United States. It is a common misconception that the R&D credit […]