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AAF Wealth Management Q2 2025 Market Insights
In an ongoing commitment to keep you abreast on a range of issues that might affect your business and personal finances, AAFCPAs is pleased to share Q2 2025 Market Insights published by AAF Wealth Management, part of the AAFCPAs family of companies. This provides investors with an understanding of what’s driven performance of late. With […]
Congress Passes Sweeping Tax and Spending Law with Broad Implications for Individuals and Businesses
Congress has passed a sweeping new law that permanently extends and expands key tax provisions, reshapes health and social program eligibility, and revises spending across defense, energy, and federal benefits programs. While many provisions take effect immediately, others will phase in or expire over time. AAFCPAs is analyzing the full scope of the law to […]
Court Upholds Massachusetts Tax on Business Gain After Owner Relocates
In this article: The Massachusetts Appeals Court recently ruled that a tech founder’s $4.7 million stock sale could be subject to state income tax, despite his move out of state. Craig Welch, who co-founded AcadiaSoft, Inc. in 2003, initially held a 50-50 ownership split with one partner, though his interest was diluted over time as […]
IRS to End Paper Checks in 2025
Beginning in September 2025, the federal government will phase out paper checks to the Internal Revenue Service (IRS), ending a long chapter in the way Americans exchange money with the agency. Under a sweeping mandate issued by the U.S. Treasury, all federal disbursements including tax refunds must be paid electronically, and paper refund checks will […]
Cyber Insurance in 2025: What CFOs and Risk Managers Need to Know to Avoid Costly Gaps
As cyber threats evolve in both sophistication and scale, cyber insurance has moved from a niche policy consideration to a cornerstone of business continuity and enterprise risk management. For many organizations, coverage is now a condition of financing, contract renewal, or fiduciary oversight. Yet many policies still fall short, especially when the scope of coverage […]
Inside AAFCPAs’ Award-Winning Tech Strategy–Live at Accounting Today
AAFCPAs has been invited to speak at Accounting Today’s upcoming web seminar, Lessons from the Best Firms for Technology. Peter R. Sebilian, AAFCPAs’ Chief Information Officer, will represent the firm as a panelist, sharing insights on the firm’s industry leading approach to technology strategy, risk management, and innovation. Moderated by Accounting Today Technology Editor Chris […]
How to Document System Requirements Before You Choose New Software
New software opens up abundant opportunities for improvement: automated processes, streamlined workflows, system integrations, and much more. For many organizations, however, bridging the gap between current systems to new systems can be daunting. What begins as a push for efficiency can lead to frustration when the system fails to meet expectations—or worse, creates new problems. […]
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 […]
Navigating multi-state employment: Payroll tax compliance in the hybrid era
Benefits Pro (June 06, 2025)- It’s critical to take a step back and create a plan, assessing and managing the risks that come along with distributing employees across the country. The rise of remote and hybrid work is no longer a temporary response to disruption. Even as “work from home” becomes a less prevalent reality, […]