Multiservice Organizations
2017
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07.20
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
2017
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07.17
AAFCPAs’ Human & Social Services Practice to Present Educational Workshops at Providers’ Council Annual Conference: Transitioning to Data Driven Patient Care, and Strategic Budgeting
AAFCPAs will happily present educational workshops on two important topics at the Providers’ Council 42nd Annual Convention & Expo in Boston, MA on September 25th. Preparing Health Providers for Financial Success in the Transition to Data Driven Patient Care As health providers move to data driven patient care and new value-based reimbursement models, payers are pushing for proven treatment and performance measures. The leaders of AAFCPAs Human & Social Services... continue reading
2017
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06.28
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
2017
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05.24
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
2017
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05.12
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
2017
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04.28
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: Operating leases will now be recorded in the balance sheet as assets and liabilities if the lease term is greater than 12 months. Prior to this new standard, U.S. GAAP required only capital... continue reading
2017
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04.24
AAFCPAs Hosts 9th Annual Nonprofit Educational Seminar & Reception
Westborough, Mass. (April 24, 2017) – AAFCPAs, a best-in-class public accounting firm known for assurance, tax and advisory solutions, announced its 9th annual Nonprofit Educational Seminar & Reception. The invite-only event will be held May 3rd at the Newton Marriott, and will host the firm’s clients, friends and colleagues for a day of education and inspiration. This seminar is regarded by Massachusetts nonprofit CFOs, Finance Directors and Executive Directors as... continue reading
2016
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08.23
Biggest Improvement of Financial Reporting Guidance in Two Decades for Not-for-Profit Entities
On August 18, 2016, the FASB issued a final ASU 2016-14, Not-for-Profit Entities (Topic 958), Presentation of Financial Statements of Not-for-Profit Entities, to improve financial reporting guidance for not-for-profit entities (NFPs). The existing financial reporting guidance was established in 1993 when the FASB issued the Statement of Financial Accounting Standards (AFAS) No. 117, Financial Statements of Not-for-Profit Organizations. Although the FASB noted the current guidance is sound, it could be... continue reading
2016
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08.03
Guidance on How to Comply with Procurement Standards Under the Uniform Guidance
In December 2013, the Office of Management and Budget (OMB) issued the new Uniform Guidance (UG), which includes comprehensive reform rules affecting all nonprofits receiving federal grants and contracts. One of the areas of significant change under the UG is the procurement standards, a component of Subpart D, Post-Award Requirements, contained in Sections 200.317 through 200.326. These sections describe the applicable procurement standards, the methods of procurements to be followed,... continue reading
2016
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07.19
MassHealth Issues One-Time Payments to Behavioral Health Care Providers
Please be aware that MassHealth has authorized its MassHealth Reinvestment Payment 2016, a distribution of managed care savings to Massachusetts behavioral health care providers. These payments are from managed care savings that the State has authorized to be disbursed to providers under contract with a Medicaid Managed Care Organization in CY 2014. MassHealth has requested that Beacon Health Options (Beacon) administer these funds and apportion them among providers on behalf... continue reading