Topic
Unveiling the Power of RPA: Success Stories and Use Cases
During AAFCPAs’ recent Nonprofit Seminar (April 2023), Vassilis Kontoglis, Partner, Analytics, Robotic Process Automation & IT Security, briefed more than 400 attendees on the indisputable benefits of Robotic Process Automation (RPA) while offering a few real world case examples. The full session was recorded and may be viewed as a webcast at your convenience. >> […]
Federal Financial Aid Eliminates Sibling Discount in 2024-2025
A change to the federal financial aid formula arising from The Consolidated Appropriations Act of 2021 is set to eliminate a break that previously helped parents with two or more children in college. Currently, the Education Department divides the expected family contribution by the number of students attending college per family to determine student aid […]
MA Sales Tax Holiday Aug. 12-13, 2023
This year’s Massachusetts sales tax holiday will be held on Saturday, August 12th and Sunday, August 13th, according to the Massachusetts Department of Revenue (DOR). The event provides a two-day reprieve from sales tax on most retail purchases valued at up to $2,500 when made for personal use by individuals. Purchases by businesses or by […]
U.S. Long-term Foreign Currency Debt Rating Downgraded to AA+ by Fitch Ratings
AAF Wealth Management would like to make clients aware that Fitch Ratings announced a downgrade to its U.S. long-term foreign currency debt rating from AAA to AA+ over concerns with a growing U.S. budget deficit and an erosion of U.S. governance relative to comparably rated peers throughout the past two decades, which led to repeated […]
Cyrillic Characters Used in Cyber Attacks
Recent reports show hackers substituting Roman alphabet with Cyrillic alphabet characters to deceive recipients. In their article “Real or Imposter? Everything You Need to Know About ‘Homoglyph’ Phishing”, CISO MAG describes this tactic, known as The Internationalized Domain Name (IDN) homoglyph attack, as “a deception technique that uses homoglyphs or homographs, in which an attacker […]
AAFCPAs Expands Tax Practice to Meet Growing Client Demand
AAFCPAs Welcomes New Tax Advisors Erica Nadeau, CPA, MST, Tax Partner and Traci Grady, EA, Manager Boston, MA (August 1, 2023)—AAFCPAs, a preeminent 300+ employee CPA and consulting firm specializing in tax, assurance, accounting, wealth management, business process and IT advisory solutions, is pleased to announce the expansion of its tax practice to meet growing […]
Securing Your IT Infrastructure & Creating Resiliency
IT infrastructure is the combination of hardware, software, communications, data centers/hosting services, and human resources that allow an organization to deliver information technology services to its constituent communities. IT resiliency refers to an organization’s ability to avoid or minimize business disruption when the IT Infrastructure is challenged by planned or unplanned events. IT resiliency is […]
Meals & Entertainment Deduction Reverts to Pre-TCJA Law
As of January 1, 2023, the meals and entertainment deduction has reverted to previous guidelines under the Tax Cuts and Jobs Act (TCJA). Put differently, the 100 percent deduction for food or beverages provided by a restaurant has officially expired. The IRS advises that a 50 percent limit on meal expenses applies if that expense […]
AAFCPAs Provides Tax and Business Guidance at Cannabis Industry Conferences
AAFCPAs Provides Tax and Business Guidance at Cannabis Industry Conferences AAFCPAs’ Cannabis Practice leaders David McManus, CPA, CGMA and Joshua England, LLM, Esq. have been invited to present at two industry conferences in August 2023. AICPA & CIMA Cannabis Industry Conference David McManus, CPA, CGMA is pleased to present CAN2315, Taxes: Part 1 at the […]