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Nonprofit Financial Statement Project/ASU Update – FASB Announces Transition Method and Effective Dates
The Financial Accounting Standards Board (FASB) reached much anticipated decisions regarding the transition and effective date for its Nonprofit Financial Statements Project, as of their most recent Board Meeting (3/30/16). The proposed Accounting Standards Update (ASU) would affect substantially all nonprofits as well as creditors, donors, grantors, and others that use their financial statements. Details […]
AAFCPAs Adds Depth of Expertise in Commercial Tax by Welcoming Bella Amigud
AAFCPAs is pleased to announce the addition of Bella Amigud, CPA, MST, Senior Tax Manager, to the firm’s Commercial Tax practice. Bella brings over 13 years of experience providing compliance and tax planning solutions for public and privately-held companies, and family-owned businesses in a variety of industries, including: healthcare technology, high tech, software, green tech, […]
AAF Intern Blog: James Masison
*James Masison, MBA interned at AAFCPAs in the summer of 2015 (at the time this blog was written), and he joined the firm full time in the Spring of 2016. In the fall of 2016 until Spring 2017, James worked part time at AAFCPAs while simultaneously earning his MBA from Assumption College. He serves diverse […]
AAF Intern Blog: Ali Williams
*Alison Williams interned at AAFCPAs in the summer of 2015 (at the time this blog was written), and she joined the firm full time in June 2016. She serves diverse nonprofits, but is most actively involved as a member of AAFCPAs’ Healthcare Practice serving community health centers, and human and social service providers. Ali adds “I’m […]
AAFCPAs highlights key items new to Head Start eligibility standards
In March, 2015, the Office of Head Start, an office of the U.S. Department of Health and Human Service (HHS), Administration for Children and Families, issued updated performance standards for Head Start programs. AAFCPAs reminds our clients that the updated standards will be utilized in Head Start monitoring visits beginning October 1, 2015. AAFCPAs offers […]
AAF Intern Blog: Alex Frieband
Alex Frieband, Intern for summers 2014 and 2015: It was during my internship this summer in which I truly realized what I want to do with my career. At AAF I was given the opportunity to gain experience and exposure in both audit and tax. Throughout the summer I was scheduled to assist on various […]
EOHHS 3.75% Payment Contracts: AAFCPAs advises on where and how to record quarterly payments
Human & social services providers who do not yet have a regulation establishing a rate of payment for certain social services programs are now beginning to receive their expected quarterly payments from the Executive Office of Health and Human Services (EOHHS) for programs affected by Chapter 257. Where and how do providers record payment? Purchase […]
Massachusetts Sales Tax Holiday Authorized for August 15-16, 2015
The Massachusetts legislature and Governor Charlie Baker have again authorized a Sales Tax Holiday for the weekend of August 15-16, 2015 for items costing less than $2,500. A Technical Information Release (TIR 15-7) providing retailers and consumers with specific rules and guidance on the implementation and operation of the holiday has been released by the […]
The Required Charter School Management’s Discussion & Analysis (MD&A)
Is Your MD&A Living Up to the Valuable Document It Was Intended to Be? As you close the books on another fiscal year, and begin to prepare for your annual audit, AAFCPAs advises our Charter School clients to take some time now to review the content of your Management’s Discussion and Analysis (MD&A). In order […]