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Educational Podcast: Unraveling the Mysteries of Employee Benefit Plan Costs

Clients often ask “How much does my employee benefit plan cost, and how do costs relate to compliance and risks?” Plan costs are often buried and difficult for plan sponsors to truly figure out. In order to meet their fiduciary responsibilities, plan sponsors must ensure they “pay only reasonable plan expenses…” among other things. Plan sponsors take on substantial personal risks. As a decision-maker, you are a fiduciary, personally liable... continue reading

Educational Podcast: The Tax Cuts and Jobs Act, and What Nonprofits Need to Know

Educational Podcast: The Tax Cuts and Jobs Act, and What Nonprofits Need to Know

The Tax Cuts and Jobs Act, known officially as H.R. 1, (The Act) represents a dramatic overhaul of the U.S. tax code, and includes widespread changes to the tax rules affecting charitable nonprofits. AAFCPAs’ Joshua England, JD, LLM, Trust, Estate, Tax and Nonprofit Attorney provides an overview of how The Act impacts nonprofits, including guidance on operational changes nonprofits may need to make right away. Josh also provides insight on how... continue reading

Educational Podcast: Nonprofit Executive Panel

Educational Podcast: Nonprofit Executive Panel

In this panel session, we took advantage of this unique opportunity to leverage the collective expertise and experiences of peers to curate new ideas to help nonprofit clients improve their approach to sustainability. AAFCPAs Co-Managing Partner Carla McCall, CPA, CGMA moderated this interactive panel of nonprofit executives, who shared their real-life stories of adaptability in pursuit of long-term financial and programmatic sustainability. From mergers and collaborations, to creative revenue streams and unique... continue reading

Educational Podcast: Accounting Standards Update

Educational Podcast: Accounting Standards Update

In this educational podcast, AAFCPAs Nonprofit Assurance Practice leaders Matt Hutt, CPA, CGMA and Amanda Pelcher, CPA provide specific implementation guidance for major new standards, including: the Nonprofit Financial Statement Framework, Revenue Recognition, and Lease Accounting. Matt and Amanda provide operational insights and best practice recommendations on these complex technical accounting areas, allowing clients to confidently apply the standards with greater efficiency and ease. Watch this video clip(1 min 43 sec) for a summary;... continue reading

AAFCPAs’ Amanda Pelcher Presents Workshop On Nonprofit Financial Statement Framework for Worcester Community Foundation

AAFCPAs’ Amanda Pelcher, CPA, Manager, is happy to provide insight to the Greater Worcester Community Foundation’s network of nonprofits during a workshop she will give on Understanding the New Nonprofit Financial Statement Presentation Standards, on May 23rd, 2018 in Worcester, MA. Understanding and implementing accounting standards can be complex, time-consuming, and often requires requisite skills and expertise not found on the internal finance team. AAFCPAs provides financial management assistance on complex technical... continue reading

Ensuring Sustainability Means Nonprofits Need to Act Now

Ensuring Sustainability Means Nonprofits Need to Act Now

MassNonprofit News | Although nonprofits cannot control market forces and potential changes in funding, they can take steps to ensure sustainability and greater capacity by broadening the scope of their financial planning process.  AAFCPAs Jeffrey Cicolini, CPA, CGMA provides actionable insights to help nonprofits ensure long-term sustainability.

AAFCPAs to Present Educational Workshop on Strategic Budgeting at MNN Annual Conference

AAFCPAs to Present Educational Workshop on Strategic Budgeting at MNN Annual Conference

AAFCPAs will happily present an educational workshop on Rethinking Your Budget: Leading Your Organization through a More Comprehensive Financial Planning Process at the tenth annual, 2017 Massachusetts Nonprofit Network (MNN) Conference in Framingham, MA on November 1st. This is an exciting, must-attend conference for nonprofit executives, board members and advocates. It provides exceptional professional development and networking for over 600 nonprofit professionals and for-profit affiliates from across the state. We... continue reading

AAFCPAs releases 8-part educational podcast series, designed to help nonprofits thrive

AAFCPAs releases 8-part educational podcast series, designed to help nonprofits thrive

AAFCPAs is excited to announce the release of our 8-part educational podcast series offering actionable takeaways for organizations to improve efficiency, effectiveness and performance controls. This collection of podcasts is the 2nd series of recordings from AAFCPAs’ Annual Nonprofit Educational Seminar. These podcasts, and accompanying introductory videos, feature full audio of thought-provoking sessions recorded on May 3rd, 2017 in front of a live audience of 300+ nonprofit executives and board members.  Several... continue reading

The Bucket System: Managing Your Assets in the Face of Volatility

The Bucket System: Managing Your Assets in the Face of Volatility

Nonprofit World Magazine – Joel Aronson, wealth advisor, AAFCPAs Wealth Management provides members of the national Society for Nonprofits (subscriber content) with insight into a simple system that is key to financial stability. As a nonprofit leader, you’re no stranger to cash flow crunches. But you can attain a new level of stability if you persevere with a vision of stronger revenue capital management. The key is to look at your... continue reading

How Your Form 990 May Trigger an Audit

AAFCPAs would like to make our clients aware that the IRS is now taking a data-driven approach to reviewing the Form 990, Return of Organization Exempt From Income Tax, to scrutinize governance, accountability and oversight of exempt organizations.   The IRS’s Exempt Organizations (EO) compliance specialists are now using data queries to better focus their examination plans on areas or issues where there may be greater risks of non-compliance. IRS Exempt... continue reading