UFR Insights: AAFCPAs Presents Webinar for Providers’ Council

UFR Insights: AAFCPAs Presents Webinar for Providers’ Council

AAFCPAs’ Human & Social Services practice leaders Katie Belanger, CPA and Thomas Perruna, MPAc have been invited to present on August 30, 2023 at 10 AM on the Commonwealth of Massachusetts’ Uniform Financial Statement (UFR) during an educational member’s only webinar hosted by the Providers’ Council. AAFCPAs contacts who are not members of the Providers’ […]

Review Occupancy, Cost Allocation Plans

Review Occupancy, Cost Allocation Plans

The pandemic distancing and response requirements prompted many Human & Social Services provider organizations to reconfigure open space (such as conference & meeting rooms), in many cases resulting in more space being utilized directly in programs in furtherance of the mission. In many cases, these space management strategies have lasted beyond the pandemic, and AAFCPAs […]

MA UFR Extensions Must Be Submitted On the OSD website

MA UFR Extensions Must Be Submitted On the OSD website

AAFCPAs would like to make Human & Social Services clients aware that effective June 30, 2022, the Massachusetts Operational Services Division (OSD) will no longer accept extension requests for the submission of the UFR, MAB allocation requests and waiver requests through the UFR eFiling system.  All requests must be submitted using OSD’s web-based system which […]

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 […]

OSD Clarifies UFR Reporting of COVID-Related Funds

AAFCPAs recently received clarification for UFR filers related to reporting of certain COVID-related funding. (As a reminder, due to COVID-19, the Operational Service Division (OSD) granted a 30-day extension to the Uniform Financial Report (UFR) FY2021 filing deadline, now due December 15th. UFR filers are not required to file a request for this extension.) AAFCPAs […]

MA Nonprofit Annual Report Due by Nov 1

AAFCPAs reminds clients that every nonprofit corporation organized under the laws of the Commonwealth of Massachusetts must file a nonprofit Annual Report with the Corporations Division on or before November 1st of each year. Failure to file can lead to a loss of good standing as a corporation in Massachusetts. Learn more here: https://www.sec.state.ma.us/cor/corpweb/cornp/npfrm.htm

Pay for Success: a funding model with data at its core

There is at long last solid momentum gathering behind the pay-for-success (PFS) model of funding socially oriented projects and services: a shift in approach that emphasizes outcomes rather than activities. Through PFS contracts, the ecosystem of investors, government, and service providers is working together to create new opportunities and meet more impactful social goals. PFS […]

Updated Reporting Requirements for Provider Relief Funds; Revised Definition of Lost Revenue

AAFCPAs would like to make clients aware, on October 22, 2020, the U.S. Department of Health and Human Services (HHS) issued an updated Post-Payment Notice of Reporting Requirements (the Notice) relating to General and Targeted Distributions made under the Provider Relief Fund (PRF). This Notice updates the calculation of lost revenue. On September 19, 2020 […]

Chapter 257 Salary Report Due by January 15, 2021

Updated 10.21.20: The Executive Office of Health and Human Services (EOHHS) has extended the deadline for the Chapter 257 Salary Report for FY 2019 – FY 2021. Please note that the Salary Report submission date is now January 15, 2021 to coincide with the submission of the FY2020 UFRs. This report is required by Chapter […]