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Financial Readiness for Selling a Business: Janice O’Reilly on M&A Success
Financial readiness is often viewed through a tax lens, but that lens shifts when preparing for the sale of a business. Buyers evaluate how financial information reflects ongoing operations, sustainability, and risk, not simply whether reporting meets tax requirements. In the latest episode of Touchstone Talks, a weekly business advisory podcast, Episode 15: Financial Readiness—What […]
Federal Court Ruling May Reopen COVID-Era Tax Penalty Refunds
A federal court ruling may allow some taxpayers to recover interest and penalties paid during the COVID-19 disaster period. The decision clarifies how suspended tax deadlines affect refund and abatement opportunities. Key Takeaways: A recent federal court ruling may reopen refund opportunities many taxpayers assumed had closed after the pandemic. In Kwong v. United States, […]
Guiding Women Through Life’s Financial Inflection Points
This article was originally published during Women’s History Month in the Leading Ladies supplement by PROVIDENCE MEDIA (Providence Monthly, Hey Rhody, So Rhode Island, and the Bay Magazine). As a wealth advisor with a foundation in psychology, I’ve spent my career walking alongside women who excel in their intellectual and professional lives yet often hesitate […]
SOC Compliance Tools Under Scrutiny
Key Takeaways: Compliance checkmarks can mask operational gaps. Assurance pairs skilled examination with technology to reveal how controls actually function. Recent reports and allegations across the cybersecurity and assurance landscape highlight a persistent challenge: compliance indicators from compliance automation platforms may suggest alignment with standards, while underlying controls do not fully reflect how an organization […]
How to Identify Common Inefficiencies in the Finance Function
Key Takeaways: Even strong finance teams can face hidden gaps that slow reporting or leave the organization exposed when there is a transition in key team members. Clarifying workflows and ownership helps recover time, reduce manual effort, and focus on higher-value tasks. The accounting and finance function often appears sound, largely because processes evolve gradually […]
Richard Weiner Named to AM&AA New England Executive Committee
AAFCPAs announces Richard Weiner, CPA, MST, CM&AA, Tax Partner has joined the Executive Committee of the Alliance of Merger & Acquisition Advisors New England Chapter. The Alliance of Merger & Acquisition Advisors is an international organization focused on advancing education, collaboration, and professional standards within the middle-market M&A community. With members across 25 countries, the […]
Massachusetts Live Theater Tax Credit: Understanding the Cost Accounting Report Requirements
Key Takeaways: The first productions approved under the Massachusetts Live Theater Tax Credit are entering the reporting phase. The Cost Accounting Report will determine how eligible expenses translate into the final credit award. Massachusetts theater companies awarded credits through the inaugural Live Theater Tax Credit Pilot Program are now entering the reporting phase. After receiving […]
Speaking The Same Language: Finance Fundamentals for Legal Teams
Key Takeaways: Aligning Legal Review with Financial Reality Legal teams are often asked to weigh in on decisions that carry financial consequences, even when the issue appears purely contractual or regulatory. A basic understanding of financial statements and reporting principles equips counsel to see those consequences more clearly. It also supports more informed discussions with […]
Understanding SOC Automation: Avoiding Pitfalls
CTOs, CISOs, and Heads of Compliance are seeing a flood of automation platforms promising a faster, more affordable System and Organization Controls (SOC) report process. These tools typically offer streamlined evidence collection, pre-built control libraries, and dashboards designed to simplify compliance workflows. While they can help improve organization and visibility, they are not a standalone […]