Topic
How to Identify Areas of Improvement within Processes and Systems?
Whether caused by external forces like the pandemic or internal shifts at a specific company, there is a renewed focus on operational efficiencies. Your employee resources may be consistently frustrated by challenges such as: Extensive manual data manipulation in Excel Lack of reporting functionality in your system Information maintained in multiple systems Difficulty gaining cooperation, […]
SV Bank Crisis Has Businesses Hyper Focused on Cash Management
Regulators shut down Silicon Valley Bank (SVB) on March 10th (Friday), in the largest U.S. bank failure since the 2008 financial crisis. The failure was attributed to a run on the bank and liquidity issues. On March 12th (Sunday), the Department of the Treasury, Federal Reserve, and FDIC issued a statement announcing actions enabling the FDIC to complete its resolution of SVB in […]
Delaware Franchise Tax Reminder
AAFCPAs would like to make clients aware that all companies incorporated in the state of Delaware are required to file an annual report and pay an annual franchise tax to Delaware each year by March 1st. We have outlined for your convenience two methods of calculating the franchise tax you owe: the authorized shares method, […]
GASB: Subscription-Based Information Technology Arrangements
AAFCPAs would like to remind entities following government accounting rules, including clients in the Charter School industry as well as other quasi-governmental organizations, of the Governmental Accounting Standards Board (GASB) Statement No. 96, Subscription Based Information Technology Arrangements, which is required to be adopted in FY 2023. GASB 96 applies to all subscription-based information technology arrangements […]
2022 HSN Supplemental Payments
AAFCPAs would like to make FQHC clients aware, as part of the Massachusetts Economic Growth and Relief Act of 2022, $20,000,000 was allocated to the Health Safety Net (HSN) Trust Fund for community health centers or hospital-licensed health centers (health centers) participating in the MassHealth program. Payments were to be made to the health centers […]
SOC Report: Why are our Sales & Marketing Teams Insisting we have one?
Prospects may ask for a SOC report as a way to assess the controls and processes in place at an organization before doing business with them. Many organizations, particularly in regulated industries or those that handle sensitive information, are required to demonstrate compliance with relevant regulations and industry standards. A SOC report can be an […]
Alex Santiago Earns Certified Ethical Hacker Credential
Boston (1/25/2023) – AAFCPAs, a leading CPA and Consulting firm based in New England, is pleased to announce Alex Santiago, Senior Associate, Business Process & IT Consulting, has earned the Certified Ethical Hacker (CEH) credential, a preeminent designation for information security professionals awarded by the EC-Council. (The International Council of Electronic Commerce Consultants). Alex is […]
AICPA Town Hall Technical Updates & Practice Strategies
AAFCPAs’ Managing Partner Carla McCall, CPA, CGMA contributed as a speaker at the AICPA’s first Town Hall of 2023, held January 5. They hosted nearly 9,000 attendees on this webcast. Carla is a member of the Board of Directors of the AICPA and Chair of its Audit & Finance Committee. Barry Melancon, president and […]
Sage Intacct Accounting & ERP Solutions for Growing Organizations
AAFCPAs’ expertise in cloud-based accounting solutions continues to expand with our longstanding collaboration with Sage Intacct, a recognized leader in financial management technology. This partnership reflects our commitment to providing clients with scalable tools to optimize financial operations, improve decision making, and stay competitive in today’s business environment. AAFCPAs’ Sage Intacct Partnership Sage Intacct, the […]