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Massachusetts Earned Sick Time Law Effective July 1, 2015
This is a reminder that, effective July 1, 2015, Massachusetts’ Earned Sick Time law (M.G. L. c. 149, §§148C and 148D) requires employers who employ eleven or more employees to provide their Massachusetts employees with up to 40 hours of job-protected sick time annually. AAFCPAs thought you may benefit from this summary. Full time, part-time, […]
What for-profits and nonprofits can learn from each other
For-profits and nonprofits both battle for their bottom lines – and are more similar than commonly believed. Indeed, successful for-profits and nonprofits can both benefit from certain best practices, regardless of their mission and industry. Consider results from the Nonprofit Finance Fund’s annual State of the Sector survey, which explores the challenges faced by nonprofits. […]
FBAR Filing Due June 30th
AAFCPAs would like to remind all taxpayers with an FBAR filing requirement to report their foreign assets by the June 30 deadline. Time is of the essence! What is the FBAR? The “FBAR” is the Report of Foreign Bank and Financial Accounts Form 114 that must be filed with the Financial Crimes Enforcement Network (FinCEN), […]
New York State Nonprofit Revitalization Act – Guidelines to Compliance
Reminder: Review Fiscal Policies and Audit Procedures AAFCPAs strongly recommends that nonprofits registered to conduct charitable solicitations in New York State review and revisit their by-laws and policies to ensure compliance with the New York State Nonprofit Revitalization Act of 2013 (The “Act”). The Act, effective July 1, 2014, included sweeping reform legislation which reduces […]
Understand Employee Stock Option Issues
Live Webinar: Employee Stock Options: Tackling Complex Tax, Accounting and Valuation Challenges Jeffrey Mead, CPA, Partner at AAFCPAs, in collaboration with Strafford Publications, Inc., will present Employee Stock Options: Tackling Complex Tax, Accounting and Valuation Challenges. This lively webinar will provide corporate tax professionals with a detailed review of the IRS rules and financial accounting […]
Capital Campaigns: Preparing for Battle
The fictional City Theatre Guild has been a staple of its community’s arts scene for 40 years. A large volunteer force produces shows, the shows routinely sell out, and supporters contribute adequately to an annual fundraising campaign. But looking to the future, the theatre guild sees a major obstacle. The nonprofit has outgrown the one-room […]
News for Nonprofits
Shorter application form for tax-exempt status now available Small charities applying for 501(c)(3) tax-exempt status may now use a shorter application form that’s expected to ease the process. The new Form 1023-EZ, available on IRS.gov, is three pages long, compared with the standard 26-page Form 1023 that larger organizations must use. Most nonprofits with gross […]
Leading Today, Transforming Tomorrow – October 29
The Massachusetts Nonprofit Network presents: Leading Today, Transforming Tomorrow Are you a nonprofit executive or board member? Alexander Aronson Finning CPAs is a proud sponsor of the Massachusetts Nonprofit Network, and this year’s annual conference and expo: Leading Today, Transforming Tomorrow. This full-day conference and expo on October 29 in Framingham features more workshops, resources, […]
The Family Business Association Presents: Women in Power and Control of Family Business
Leadership in a family owned business has typically been a male-dominated role. More recently however, it is often becoming the task of a wife, daughter, sister, or mother. Join Carla McCall, AAF’s Co-Managing Partner and FBA Chairperson, and some of the state’s leading business owners as we recognize and celebrate this trend and examine the issues […]