Nonprofit

MA Form 3ABC due by 3/1 to avoid local property taxes
Editor’s Note: This article was updated in 2025 for accuracy and relevance. The Massachusetts Return of Property Held for Charitable Purposes Form 3ABC provides for an exemption from local taxation on personal and real property for eligible charitable organizations. As a reminder, to be exempt, you must file an annual Form 3ABC, due at the Assessor’s […]

H.R. 9495: What Nonprofits Need to Know About the New Legislation
H.R. 9495, a bill granting the Treasury Secretary authority to revoke a nonprofit’s tax-exempt status over alleged ties to terrorism, passed the House along party lines but stalled in the Senate. While it has not yet been refiled, many anticipate it will be, with a potentially different outcome under the new congressional majority. While H.R. […]

A full day of educational insights to help nonprofits thrive!
Mark your calendars for AAFCPAs’ 2025 Annual Nonprofit Seminar, a full-day virtual event that delivers practical strategies to help nonprofit leaders and finance professionals navigate current challenges, optimize operations, and drive long-term success within your organization. During the seminar, you will: Save The Date What: AAFCPAs’ Annual Nonprofit Seminar When: April 30, 2025 | 8:45 am – 3 […]

Federal Funding Pause and Its Implications
Update: Since this blog was published, the Trump administration issued a brief memo, M-25-14, which reads “OMB Memorandum M-25-13 is rescinded,” and directs questions about implementing the president’s executive order to agency general counsels. White House Press Secretary Leavitt said the previous executive orders related to funding reviews are still in effect and will continue to […]

Streamlining Operations: How Modern ERP Systems Solve Inefficiencies and Drive Growth
In this article: Complex nonprofits, especially multi-service health and human services agencies, face the daunting task of managing diverse programs, complex funding streams, and stringent compliance requirements. Fragmented systems and disjointed processes can compound these challenges, leading to inefficiencies and increased administrative workloads. The implementation of a well-designed enterprise resource planning (ERP) system offers a […]

Ninth Annual GivingTuesday Drive Raises More Than $25K
Boston, MA (December 10, 2024) — AAFCPAs, a preeminent 350+ employee CPA and consulting firm specializing in tax, assurance, accounting, wealth management, business process and IT advisory solutions, is proud to announce that this year’s GivingTuesday contributions exceed $25K. This marks the firm’s ninth annual GivingTuesday drive, bringing the firm’s collective lifetime donations to mission-driven […]

AAFCPAs to Launch Nonprofit C-Suite in 2025
Your gateway to comprehensive nonprofit expertise, actionable insights, and tailored solutions. Boston, MA (December 5, 2024) – AAFCPAs is pleased to announce the planned launch of its Nonprofit C-Suite, a web-portal designed to streamline access to all the trusted expertise, solutions, and insights our nonprofit clients depend on most. AAFCPAs’ Nonprofit C-Suite, accessible through aafcpa.com, […]

Cost Center Coding Strategies for Effective Grant Reporting
For complex human and social services providers, managing grants and ensuring compliance can often feel like navigating a labyrinth. One effective strategy to simplify this process is through cost center coding. AAFCPAs provides the following detailed guidance on how to leverage cost center coding to streamline grant reporting and maintain compliance. Design Your Cost Centers […]

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