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Browse AAFCPAs’ Most Recent Blogs

Best and Worst Practices in Nonprofit Finance - During AAFCPAs’ recent Nonprofit Educational Seminar (April 2023), leaders in our Managed Accounting & Advisory Solutions practice provided more than 400 attendees with a behind the scenes glimpse into some of the best and worst practices in nonprofit financial operations. The session included insight, thoughts, and recommendations from Joyce Ripianzi, CPA, Lauren M. Duplin, CPA, […]
IRS Halts ERC Claims and Urges Vigilance to Combat Fraud - AAFCPAs would like to make clients aware that, as of September 14, 2023, the IRS has ordered an immediate halt to new Employee Retention Credit (ERC) claims in an effort to curtail a surge in scams. This move is set to affect all businesses taking or thinking about taking credits. The moratorium extends through the […]
Business Transactions for Growth & Exit Webinar 11/21 - AAFCPAs has advised Cannabis clients through the years on a variety of business transactions. These have included mergers, acquisitions, divestitures, licensing of intellectual property and brands, issuance of stock options, and more. In this session, AAFCPAs provides insight into some of the most popular business transactions in the cannabis space, guidance on accounting for these […]
AAFCPAs’ 2023-2024 Year-End Tax Planning Webinars - SAVE THE DATE! AAFCPAs is excited to announce its annual year-end tax planning webinar series, which provides insight into strategies for 2023 year end that clients may take advantage of now to realize a more favorable tax outcome. Individual & Family Tax & Wealth Preservation Tuesday, October 31st 12:00 PM – 1:00 PM Business Tax […]
New Reporting Requirement Set To Impact Millions of Small Businesses - AAFCPAs would like to make clients aware of the new Beneficial Ownership Information (BOI) reporting requirement set to begin January 1, 2024. This new reporting requirement, part of an anti-money laundering initiative enacted through the Corporate Transparency Act in 2021, requires that millions of small businesses report beneficial ownership information (BOI) to the Financial Crimes […]
Have you outgrown your general ledger system? - Making the switch from a general ledger to a customized enterprise solution can notably advance operations by offering improved efficiencies and accuracy along with the freedom in being untethered from complicated third-party software integrations. This holds especially true when less sophisticated financial reporting, forecasting, and analysis solutions begin to hold you back from optimal growth. […]
IRS Sends Erroneous Late Filing Notices - AAFCPAs would like to make clients aware that 2022 Form 8955-SSA late filing notices were sent erroneously due to an IRS programming error. Specifically, IRS notices were sent stating Form 8955-SSA were either incomplete or not received on time when in fact they were filed prior to the due date of July 31, 2023. The […]
What’s New at AAFCPAs - During AAFCPAs’ Nonprofit Educational Seminar (April 2023), Partner and Chief Marketing Officer Matthew Boyle, MBA updated 400+ CFO and Executive Director attendees on exciting firm developments by highlighting news that may be of particular interest to our nonprofit clients. The full session was recorded and may be viewed as a webcast at your convenience. >> […]
Asset Protection Strategies for High-Net-Worth Individuals - Asset protection strategies can form a legal and financial separation between professional and personal assets. This can limit your personal liability should a legal or creditor claim be made against your business, rental property, or professional practice. Asset protection strategies can also be designed to safeguard assets during a divorce and can notably enhance your […]
Cannabis Operators Gain Edge with ESOPs - Cannabis Business Executive (September 6, 2023) – Cannabis operators have plenty of challenges keeping pace with rampant industry growth. Rising competition, scaling labor, pricing pressure, and of course regulatory compliance create a web of issues that call for creative strategic thinking. Simply put, companies should be seeking every advantage to maintain momentum.