Industry
AAFCPAs to Speak on Enhancing Audit Value at MassCPAs Nonprofit Infoshare
Boston, MA (July 30, 2025)—AAFCPAs, a preeminent 350+ employee CPA and consulting firm, is pleased to announce that Partner David Kelleher, CPA, CGMA has been invited to speak at the upcoming Nonprofit Infoshare, hosted by MassCPAs. The program includes a cybersecurity session, an industry update panel on enhancing audit value, and a discussion on navigating […]
Is Your Tech Stack Built for Real-Time Decision Making?
Finance leaders face increasing pressure to produce faster, accurate reports and maintain strong internal controls—all while managing lean teams and limited resources. Technology should help ease this burden. However, when systems are disconnected, it often creates more work. Teams spend more time managing data across platforms than leveraging it for decision-making. Reconciliations get delayed. Reports […]
Federal Shifts Signal Challenges and Support for Health Centers
As the federal fiscal year draws to a close, Community Health Centers once again find themselves in the policy spotlight. With core funding set to expire in September and new oversight proposals taking shape, health center leaders are managing a landscape defined by both renewed backing and regulatory headwinds. Lawmakers on both sides of the […]
HHS Rule Change May Affect Health Center Revenue and Patient Access
A new interpretation by the U.S. Department of Health and Human Services (HHS) could restrict access to federally funded programs—including the Health Center Program—for individuals without lawful immigration status. The move rescinds a 1998 interpretation of the Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA) and reclassifies several programs, including community health centers, as “Federal […]
Positioning for Profitability: Smarter Compliance and Tax Strategies in Cannabis
The cannabis industry continues to evolve, bringing both opportunities and complexities. As state-level legalization expands, multi-state operators must navigate a patchwork of regulations, each with its own compliance demands. Federal prohibition only compounds these challenges, driving up tax burdens, tightening financial constraints, and adding layers of regulatory uncertainty. For cannabis operators and investors, staying ahead […]
Seminar Recap: Keynote Discussion with Attorney General Andrea Joy Campbell
During AAFCPAs’ recent Nonprofit Seminar (April 2025), Massachusetts’ Attorney General Andrea Joy Campbell engaged in a question-and-answer session and shared perspectives with nonprofit leaders looking to navigate current funding and regulatory challenges. This discussion offered practical guidance for finance leaders on navigating funding complexities, ensuring compliance, and fostering collaboration to enhance organizational resilience and effectiveness. […]
Massachusetts to Automate Penalties on Late Advance Payments Starting July 2025
Beginning July 1, 2025, the Massachusetts Department of Revenue (DOR) will automatically assess penalties on businesses that fail to make required advance tax payments by the 25th of each month. The advance payment requirement, in place since 2021, applies to businesses with more than $150,000 in annual tax liability from certain indirect taxes, such as […]
Seminar Recap: Embracing Continuous Close for Real-Time Financial Insights
During AAFCPAs’ recent Nonprofit Seminar (April 2025), Joyce Ripianzi, CPA, Amy Staunton, CPA, and Lauren M. Duplin, CPA of AAFCPAs’ Outsourced Accounting & Fractional CFO practice presented to more than 550 attendees practical guidance on how nonprofit finance teams may adopt a continuous close model to improve accuracy, timeliness, and efficiency. Many nonprofits are already […]
Seminar Recap: Strategic Software Add-Ons to Streamline Operations
During AAFCPAs’ recent Nonprofit Seminar (April 2025), Robyn Leet and Stuart Karas of AAFCPAs’ Business Process & IT Consulting practice presented strategic considerations for nonprofit finance leaders looking to improve efficiency, automate painful manual operations, reduce duplication, and make better use of their existing software tools. Nonprofits often rely on a patchwork of systems—some modern, […]