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IRS Clarifies 4% Floor Ruling for LIHTC
AAFCPAs would like to make clients who engage in Affordable Housing projects aware of recent IRS Revenue Rulings 2021-20 and 2021-43, which aims to clarify the eligibility of Low-Income Housing Tax Credit (LIHTC) projects to qualify for the new 4% floor ruling. The IRS has published three situations listed below: Situation 1 A project is […]
Happy Holidays from AAFCPAs 2021
All of us at AAFCPAs wish you and your family an extraordinary, happy, healthy holiday! In lieu of a holiday card or gift , AAFCPAs has made a donation to the Cancer Research Institute in Memorial to Michael Oliveira, MBA and to the Birolini Family Fund in Memorial to Joseph “Joey” Robert Birolini. Michael and […]
$29K Donated in Firm’s GivingTuesday Match Program
In 2021, AAFCPAs celebrated our sixth annual participation in #GivingTuesday, a movement that unleashes the power of radical generosity around the world! Collectively, AAFCPAs’ 270+ team members and our Charitable Foundation’s Employee Matching Gifts program donated over $29,000 to mission driven nonprofits during the 2021 #GivingTuesday drive! AAFCPAs’ six-year donation total for the #GivingTuesday movement […]
CFOs Bring Clarity to the Financial Situation
In our 2020-2021 CFO Survey, AAFCPAs asked respondents the same question we asked back in 2017: What does your CEO/Executive Director want most from you? CFOs are unquestionably responsible and accountable for interpreting and presenting analytics related to financial metrics. The major change is about what the concept of “bringing clarity” means. Financial metrics were […]
AAFCPAs Provides 280E Guidance at AICPA & CIMA Cannabis Conference
AAFCPAs’ Cannabis Practice Leaders David McManus, CPA, CGMA and Joshua England, LLM, Esq. will present Navigating the Challenges and Hurdles of 280E to cannabis industry experts, CPAs, Attorneys, Tax advisors, and peers experienced and inexperienced with the sector at the American Institute of CPAs (AICPA) & Chartered Institute of Management Accountants (CIMA) Cannabis Industry Conference […]
Lease Accounting Standard Effective 1.1.22
Implementing the new lease standard is not just a one-time exercise. It requires changes to accounting processes and financial reporting controls. Accounting policy elections and practical expedients will affect the overall process and timeline—so AAFCPAs advises clients to assess them early. Effective implementation requires a thorough evaluation of resources and your organization should identify someone […]
AAFCPAs Announces Promotions in Recognition of Abilities, Drive
AAFCPAs, a preeminent CPA and consulting firm based in New England, is pleased to announce promotions for the following team members in recognition of their competence, commitment, and superior performance serving our diverse client base in their respective areas of practice. New Directors and Managers: Bella Amigud, CPA, MST has been promoted to Director, […]
Carla McCall to Deliver State of the Profession at AICPA & CIMA Dealership Conference
AAFCPAs’ Managing Partner Carla McCall, CPA, CGMA will present The State of the Profession to hundreds of her peer CPAs and financial professionals at the American Institute of CPAs (AICPA) & Chartered Institute of Management Accountants (CIMA) Dealership Conference this October at Caesars Palace in Las Vegas, NV. Carla and Ash Noah, CPA, CGMA, Vice […]
AAFCPAs Announces Beneficiary of $250 Donation Designated by CFO Survey Participant
Participants in AAFCPAs’ recent CFO Survey entered to win a $250 donation to their nonprofit charity of choice, and we are pleased to announce Jennifer Schanck-Bolwell as the winner of our random drawing! Jennifer designated Worcester Community Housing Resources (WCHR) as the nonprofit beneficiary. AAFCPAs would like to express gratitude for all 200+ chief finance […]