Industry
Watch Now: 340B Compliance Webinar – 2021
AAFCPAs’ Healthcare Practice leaders Matt Hutt, CPA, CGMA and Charlie Webb, CPA, CHFP, in collaboration with the Massachusetts League of Community Health Centers (The League), present an educational 340B Drug Pricing Program Compliance webinar – recorded live on July 21, 2021. This educational webinar provides attendees with an understanding of compliance requirements for running a […]
HRSA Operational Site Visit (OSV) Changes
AAFCPAs would like to make our Federally Qualified Health Center (FQHC) clients aware of recent updates issued by the Health Resource and Services Administration (HRSA) related to the Health Center Operational Site Visit Protocol. HRSA summarized the updates in two categories: Substantial Updates & General Updates. Substantial Updates The two most significant substantial updates include […]
HRSA Updates Reporting Requirements for Provider Relief Funds
On June 11, 2021, the Health Resources and Services Administration (HRSA) issued a Post-Payment Notice of Reporting Requirements (the Notice) relating to General and Targeted Distributions made under the Provider Relief Fund (PRF). The Notice supersedes the reporting requirements released on January 15, 2021 and is applicable to past and future PRF General and Targeted […]
AAFCPAs to Present Workshop on Anticipating Fraud for Charter Schools
Leaders in AAFCPAs’ Education Practice, John Buckley, CPA, CGMA, and Nichole Reilly, CPA, will present an educational webinar: Is Fraud Preventable? Safeguard Your Charter Public School’s Fiscal Operations in collaboration with the Massachusetts Charter Public School Association (MCPSA) on June 3rd, 2021. This session is open to board members, school leaders, and CFO/COOs. Recent events […]
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. […]
Shuttered Venue Operators Grant Program Opens April 8
AAFCPAs would like to make clients aware that the U.S. Small Business Administration (SBA) will accept applications for the Shuttered Venue Operators Grant (SVOG) program beginning April 8th, 2021. Eligible entities include live venue operators or promoters, theatrical producers, live performing arts organization operators, museum operators*, motion picture theater operators, and talent representatives. *The Act […]
Watch Now: Charter Schools, Understand COVID Funding Compliance
In response to the COVID-19 pandemic, Charter Schools have gained access to various forms of government funding. Schools who expended certain government funding in excess of $750,000 in fiscal year 2021 are subject to an audit in accordance with Uniform Guidance. For some charter schools, this may be your first exposure to this rigorous Federal […]
Changes Proposed to Healthcare Privacy Rules
AAFCPAs would like to make healthcare clients aware that the Department of Health & Human Services’ Office for Civil Rights (DHHS OCR) proposed new regulations to modify the Standards for the Privacy of Individually Identifiable Health Information (Privacy Rule) under the Health Insurance Portability and Accountability Act of 1996 (HIPAA) and the Health Information Technology […]
Non-Profits Eligible for ERTC, up to $19,000 per Employee
The Consolidated Appropriations Act, 2021, signed on December 27th, 2020, is expanding eligibility for the Employee Retention Tax Credit (ERTC) by allowing those who received Paycheck Protection Program (PPP) loans to qualify. Prior to December 27, 2020, PPP loan recipients could not also file for eligible tax credits. For nonprofits, the ERTC is taken against […]