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Low-Income Communities Bonus Credit Program
AAFCPAs would like to make clients aware that, on August 10, 2023, the IRS and Treasury issued final guidance under the Inflation Reduction Act (IRA) on the low-income communities’ bonus credit program. The program aims to increase adoption of and access to renewable energy facilities within underserved and environmental justice communities. It seeks to benefit […]
Enter AAFCPAs’ Drawing to Attend the BBJ’s 2023 CFO of the Year Awards
AAFCPAs is pleased to be a return sponsor of the Boston Business Journal (BBJ’s) 15th annual CFO of the Year Awards. This award recognizes Massachusetts CFOs whose work and commitment has helped their companies and organizations and in turn our economy survive and thrive—particularly in these challenging times. BBJ’s 2023 CFO of the Year Awards […]
Keeping an Eye on the Economy for Nonprofits and Insight from the Banking Crisis
During AAFCPAs’ recent Virtual Nonprofit Seminar, Kevin P. Hodson, CMT, AIF®, Wealth Advisor at AAF Wealth Management, shared insight on the economy and from the recent banking crisis, including the FDIC’s $250K insurance limit, and ways nonprofit organizations can protect their assets going forward. Opening his presentation, Kevin discussed two topics that come up repeatedly […]
Carla McCall is a Mentor for BBJ Mentoring Monday, 2023
AAFCPAs is proud to announce that Carla McCall, CPA, CGMA will again volunteer as a professional mentor for the Boston Business Journal’s 10th annual Bizwomen Mentoring Monday event, scheduled for February 27th at the Westin Copley Place, Boston. Mentoring Monday brings together women in the business community for a full afternoon of networking, mentoring and fun in […]
Inflationary Pressures on the Decline
Over the past two weeks, economic data have pointed to what may be a change in the stifling inflationary pressures we’ve become accustomed to over the past 2 years. CONSUMER PRICE INDEX RELEASE LEADS TO OPTIMISM… Last Thursday’s release of the Consumer Price Index (CPI) readings from the Bureau of Labor and Statistics (BLS) noted […]
Schools Eligible for the Employee Retention Credit
AAFCPAs would like to remind independent schools of the availability of the Employee Retention Credit (ERC). The ERC provides significant refundable payroll tax credits to eligible employers for both the 2020 and 2021 tax years. It is not too late to submit a claim for the ERC! WHAT IS THE EMPLOYEE RETENTION CREDIT? The ERC […]
Massachusetts Millionaire’s Tax
On Election Day, November 8th, Massachusetts voters approved Question 1 to amend the state constitution and establish an additional 4% surtax on taxable income in excess of $1 million dollars. Millionaire’s Tax Facts This additional income tax will be effective for tax years beginning January 1, 2023, which will be reported on returns due in […]
AAFCPAs Diversity, Equity, and Inclusion potluck
#Diversity, #equity, and #inclusion potluck! #gratitude to all who joined us to indulge in a variety of goodies! #greatmindsgreathearts
AAFCPAs’ Apple Picking 2022
#Gratitude for all who brought their families to join AAFCPAs at our annual apple picking event!! Great day spent! #aafcpasfun #greatmindsgreathearts