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Viewpoint: Nonprofits should stay vocal about transportation 'tax'
Boston Business Journal | “Organizations are tax-exempt for a reason: to optimize their abilities to benefit society,” says Carla McCall, CPA, CGMA, AAFCPAs’ Co-Managing Partner. In this op-ed, Carla urges nonprofits to participate in the survey to show Congress how detrimental the original provision in the TCJA was to their mission.
Common Social Engineering Cyber Attacks and Prevention Strategies
What Is Social Engineering & What Are the Risks? The human component of cybersecurity is the weakest link in protecting your organization against external threats. Recently, social engineering attacks have become the most prevalent type of threat within reported cyber breaches. Social engineering is a malicious activity in which bad actors produce items such as […]
AAFCPAs Announces Client Recipient of Our Drawing to Attend the BBJ CFO of the Year luncheon!
Congratulations to AAFCPAs’ client: Eric Chatman, CFO at Housing Partnership Network. Eric is the lucky winner of our random drawing for a complimentary ticket to attend the Boston Business Journal’s CFO of the Year Awards luncheon program! AAFCPAs is a proud SPONSOR for the 11th Annual BBJ CFO of the Year Awards, and Eric is […]
AAFCPAs to Present FEI-Boston’s 2019 Ethics Symposium
AAFCPAs’ Jeffrey Mead, CPA, CGMA and Olga Yasinnik, MBA, CPA will present a 4-hour ethics CPE course on Building Ethical Management & Culture at FEI-Boston’s June 20th Ethics Symposium. This course is based on the AICPA Code of Professional Conduct and will cover the conceptual framework, as well as the rules and interpretations applicable to […]
Highlights from FEI-Boston’s March 2019 Executive Event
FEI-Boston’s March 2019 Executive Event was an extraordinary success this morning at the Federal Reserve Bank of Boston! “I was delighted to be selected to moderate this distinguished panel of senior investment strategists, which featured thought provoking discussion and an engaged audience full of questions,” said Andrew Hammond, Partner, AAFCPAs Wealth Management. What Did We Learn […]
New Partnership Level IRS Audit Rules in Effect
AAFCPAs would like remind clients that, effective for tax years beginning after December 31, 2017, the IRS has instituted new centralized partnership audit rules under the Bipartisan Budget Act (BBA) of 2015. As mentioned in a prior blog, these rules introduced the role of a Partnership Representative and provide for the assessment and collection of […]
FQHCs: 2019 New Medicare Services and G Code Payment Updates
AAFCPAs would like to make Rural Health Clinic (RHC) and Federally Qualified Health Center (FQHC) clients aware that the Centers for Medicare & Medicaid Services (CMS) has issued important reimbursement updates related to virtual communication services, and Medicare G Code rates for 2019. Virtual Communication Services Effective January 1, 2019, RHCs and FQHCs may now […]
Updates for Nonprofits under the New Tax Act
This blog was revised on 10/10/19. AAFCPAs would like to make Tax Exempt Organizations aware of recent legislative and regulatory updates related to the Tax Cuts and Jobs Act, (“TCJA”) and how these may affect charitable nonprofits. What is Considered a Nondeductible Parking Expense that will now Trigger Unrelated Business Income Tax (UBIT)? On December […]
AAFCPAs Adds Tax Expertise to Support Continued Client Growth
AAFCPAs is pleased to announce the addition of tax advisor Luis D. Kelly, MST, CPA to support the firm’s continued growth in our thriving Tax Practice for privately-held businesses. Luis combines deep sector insights with proven, innovative tax strategies to ensure the firm’s emerging and growth-stage clients are fully compliant, while balancing U.S. tax considerations with their […]