Topic
MA UFR Extensions Must Be Submitted On the OSD website
AAFCPAs would like to make Human & Social Services clients aware that effective June 30, 2022, the Massachusetts Operational Services Division (OSD) will no longer accept extension requests for the submission of the UFR, MAB allocation requests and waiver requests through the UFR eFiling system. All requests must be submitted using OSD’s web-based system which […]
GASB Subscription Accounting Standard
Governmental Accounting Standards Board (GASB) Statement No. 96, Subscription Based Information Technology Arrangements, applies to entities following government accounting rules, including AAFCPAs’ clients in the Charter School industry, as well as other quasi-governmental organizations. This guidance applies to subscription-based technology arrangements (SBITAs), defined as a contract that conveys control of the right to use another party’s […]
Important Changes To Vermont Corporate Income Tax
AAFCPAs would like to make clients aware, if you are subject to Vermont’s corporate income tax, there are several significant changes instituted pursuant to S.B 53, an act relating to changes to Vermont corporate income tax and conformity to federal tax laws, which will be effective for tax years beginning on or after January 1, […]
Growth in AAFCPAs Business Process & IT Consulting Practice
Boston, MA (06/21/2022) – AAFCPAs, a best-in-class CPA and consulting firm known for tax, assurance, accounting, wealth management, business process, and IT advisory solutions, today announced the addition of Noelle Berger, Stuart Karas, and Jordan Shaw. These professionals join the firm’s growing Business Process & IT Consulting Practice, which provides business intelligence & productivity, information […]
New Colorado Retail Delivery Fee
AAFCPAs would like to make clients aware, if you sell tangible property to customers located in Colorado, there is an important change coming that could significantly affect the amount of tax you need to collect from your customers. Effective July 1, 2022, the Colorado Department of Revenue will be instituting a new Retail Delivery Fee […]
MA Votes to Decouple from Federal 280E
On May 18, 2022, in a 153-2 vote, the Massachusetts House of Representatives approved sweeping marijuana reforms, which includes two welcomed provisions for operators! MA House Votes to Decouple from Federal 280E Tax Code The House voted to amend the state’s tax code to officially decouple from the federal tax code with respect to 280E. This […]
AAFCPAs Expands Tax Practice
Boston, MA (5/24/2022) – AAFCPAs, a best-in-class CPA and consulting firm known for tax, assurance, accounting, wealth management, business process, and IT advisory solutions, today announced the addition of Camila Gonzalez Whalen, CPA, Ross Winer, CPA, and Anthony Hudson, CPA. These professionals join the firm’s growing tax practice. Camila Gonzalez Whalen, CPA, Ross Winer, CPA, […]
Changes to In-kind Donation Disclosures for Nonprofits
AAFCPAs would like to make nonprofit clients and donors aware that the Financial Accounting Standards Board (FASB) has recently issued an Accounting Standards Update (ASU) to increase the transparency about the measurement of in-kind donations received by nonprofits, as well as the amount of those in-kind donations used in nonprofits’ programs and other activities. The […]
The Role of Data is essential for CFOs
AAFCPAs’ recent CFO Survey revealed that having access to more data is undoubtfully essential but not new to CFOs. It is now more routine than anything else. What is next on their radar is understanding how to fully utilize it in a way that crosses over traditional boundaries of pure accounting. The pandemic brought this […]