Topic
Seminar Recap: Exploring Nonprofit Collaborations, Mergers, Affiliations, and More
During AAFCPAs’ recent Nonprofit Seminar (April 2024), Joshua England, LLM, Esq. and Chris Consoletti, Esq. updated approximately 400 attendees on nuances related to nonprofit collaborations, mergers, and affiliations. The full session was recorded and may be viewed as a webcast at your convenience. >> Now, more than ever, nonprofits need to explore collaborations, both formal […]
Company Wind Down Best Practices
Nobody enjoys contemplating a business’s failure, but it’s a possibility even for the biggest and most complex companies. When dissolution is imminent or inevitable, there are ways to plan proactively to help minimize financial loss, meet legal obligations, optimize asset valuation, and protect a company’s reputation and relationships. Because the process is so complex, having […]
A Guide to Business Process Assessment and System Selection
A business process assessment is the first step in identifying, addressing, and solving inefficiencies that may hold back performance and productivity within your organization. Successful, growing organizations often find themselves over-reliant on Excel for data management, facing reporting delays, lacking real-time insights, struggling with data processing and intensive reconciliations between systems, or closing late due […]
Seminar Recap: 2024 Employee Benefit Plan Risk Update
During AAFCPAs’ recent Nonprofit Seminar (April 2024), Shawn P. Huxley, CPA, MSA and Davide Villani, CPA, CGMA updated approximately 400 attendees on employee benefit plan risk. The full session was recorded and may be viewed as a webcast at your convenience.>> Secure Act 2.0 Overview Secure Act 2.0 is designed to increase access to retirement […]
IRS Launches Second Employee Retention Credit Voluntary Disclosure Program
AAFCPAs would like to make clients aware that the Internal Revenue Service introduced its second Employee Retention Credit (ERC) Voluntary Disclosure Program, which runs until November 22, 2024. This initiative allows businesses to correct improper ERC payments at a 15 percent discount and avoid future audits, penalties, and interest. Under this program, businesses will need […]
Expert Tip from AAFCPAs – 340B Report Guest Blog
340b Report (August 15, 2024) – Monitoring and maintaining an active patient listing (APL) for all patients whose prescriptions qualify as eligible under the 340B program is imperative. This APL should be updated daily and maintained through the electronic medical record system. The entity’s 340B policy should specify the time period during which a patient […]
Why a Business Process Assessment is Essential for Successful System Implementation
While it is more instant gratification to skip analysis before selecting the pretty new system with fancy bells and whistles, this may lead to poor fit, high cost, security exposures, downtime, disruption, issues with scalability, and long-term vendor dependance. Employees may also feel resistant to change and frustrated by the new system right off the […]
Seminar Recap: Unlocking the CFO’s Role in Digital Transformation
During AAFCPAs’ recent Nonprofit Seminar (April 2024), Robyn Leet and Joyce Ripianzi, CPA briefed approximately 400 attendees on ways CFOs can unlock digital transformation within their organization. The full session was recorded and may be viewed as a webcast at your convenience. >> Faced with resource constraints, nonprofit organizations are driven to keep operations lean […]
Wendy Smith Earns Netsuite ERP Consultant Certification
AAFCPAs is pleased to announce that Wendy Smith, CPA, Consulting CFO, Process & Systems has earned the Netsuite ERP Consultant Certification, which offers AAFCPAs’ clients accredited, expert-level NetSuite support. This certification enables faster and smoother NetSuite implementations, the seamless addition of functionality and modules, and the easy adoption of new releases. Additionally, it ensures that […]