Topic
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 […]
What Businesses Should Know About the New Overtime Deduction
The Department of the Treasury and the Internal Revenue Service issued new guidance on a deduction tied to overtime pay under the One Big Beautiful Bill Act. The newly released IRS FAQs clarify how the deduction works, confirm transitional relief for 2025, and identify where employees should look for authoritative information. Understanding those boundaries may […]
Finance Leader’s Guide to Post-Merger Integration Challenges
The Letter of Intent is signed, due diligence goes smoothly, terms are agreed upon, and the deal closes. For finance leaders the months following a merger often present more complex challenges than the transaction itself. While legal teams pack up their closing binders, finance leaders face the intricate work of transforming two separate financial operations […]
Janice M. O’Reilly to Retire March 1
AAFCPAs announced today that Janice M. O’Reilly, CPA, CGMA will retire effective March 1, 2026, marking the culmination of an extraordinary career defined by leadership, vision, and enduring impact. Over nearly a decade with the firm, Janice has been a trusted advisor to clients navigating pivotal moments, a builder of nationally recognized advisory practices, and […]
Purchase Agreement Essentials: Key Components and Common Pitfalls for Business Transactions
A purchase agreement is the cornerstone of any business transaction. It defines what is being bought or sold, outlines the obligations of each party, and sets the terms for closing. Even minor ambiguities can create friction after the close, extend timelines, or reduce realized value for buyers or sellers. While legal counsel drafts the formal […]