Industry
3.75% Payment Contract for Human & Social Services Providers Affected by Chapter 257
For human & social services providers who do not yet have a regulation establishing a rate of payment for certain social services programs, AAFCPAs reminds you that you will begin receiving quarterly payments on or around August 15, 2015 provided that you have timely executed a 3.75% Payment Contract with the Executive Office of Health […]
Grants Available to MA Based Manufacturing Companies for Private Consulting
The Smaller Business Association of New England’s (SBANE) Manufacturing Matching Grant Program may be a potentially valuable opportunity for your business or someone you know. SBANE is now accepting applications for the 2015-2016 funding year, due August 17, 2015.The Commonwealth of Massachusetts has once again appropriated $250,000 for SBANE’s Manufacturing Matching Grant Program, assigned for […]
Grants Available for Integration of Behavioral Health and Primary Care
The Blue Cross Blue Shield of Massachusetts (BCBSMA) Foundation’s Fostering Effective Integration of Behavioral Health and Primary Care grant initiative may be a potentially valuable opportunity for your business or someone you know. BCBSMA is now accepting Letters of Inquiry (LOI) for the 2015-2018 funding year, due July 29, 2015. BCBSMA is focused on ensuring that […]
Navigating Charity Evaluators
How nonprofits can positively impact their rating Communication and transparency are paramount for companies looking to win over advocates in the information age, and the nonprofit sector is no exception. Just as Yelp transformed business reviews and TripAdvisor changed the way the world chooses vacation destinations, evaluation tools are impacting donor perception of charities. The […]
How to Maintain Not-for-Profit Status
AAFCPAs Partner, Robin Kelley, CPA, as well as Susan Abbott, Esq., of Goodwin Procter, will lead Lawyers Clearinghouse’s Nonprofit Incorporation Workshop: How to Maintain Not-for-Profit Status. This seminar, designed as Part II to Lawyers Clearinghouse’s very popular Nonprofit Incorporation Workshop, focuses on compliance requirements once initial filings are completed. Robin and Susan will highlight important […]
Transitioning to New Medicare PPS for Community Health Centers
Medicare PPS Implementation: What FQHCs Need to Know Part 1: Medicare PPS Implementation: Understanding Your Implementation Date and Rates On May 2, 2014, the Centers for Medicare and Medicaid Services (CMS) published a final rule establishing a new methodology and prospective payment system (PPS) for Federally Qualified Health Centers (FQHC) under Medicare Part B. Currently, […]
2014 Federal Forms 990 Changes Affecting Supporting Organizations
Nonprofit organizations with a December 31, 2014 year-end are now in the process of reviewing their Forms 990 for the upcoming May 15th due date. In advance of the filing deadline, AAFCPAs would like to advise nonprofits and their Board members of the significant revisions that specifically affect supporting organizations. In 2014, the IRS revised […]
Community Investment Tax Credits: Donors Investing Over $1K in CDCs Realize Significant Tax Benefits
The Community Investment Tax Credit (CITC) was established as a way to incentivize Commonwealth residents to invest in community development corporations (CDCs). The CITC program allows taxpayers to realize considerable tax savings when they make a qualified investment (cash contribution) in a CDC’s community development plan.1 Donor Benefits The CITC is an outstanding tax incentive […]
Ready-Access to True Costs Will Guide Profitability
In construction, there is the phrase: “costs drive revenue,” meaning that the driver behind how you recognize revenue is your costs. Owners, estimators, project managers and accounting staff all need to fully comprehend a company’s true cost structure to clearly understand their financial position. This information needs to be presented to the appropriate people (management) […]