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Browse AAFCPAs’ Most Recent Blogs
A Startup’s First Steps to SOC Readiness - Early-stage companies have a lot to contend with, including funding, staffing, infrastructure, product development, and marketing, which can create a chaotic environment. Those that collect personal identifiable information or health information as part of their business model also must add earning their SOC (System and Organization Control) certification to the list. The SOC Report has […]
Bill Introduced to Repeal R&D Expense Capitalization - AAFCPAs provides the following update to clients with expenditures incurred in connection with your trade or business which represent research and development costs in the experimental or laboratory sense. On Thursday, March 16th, Senators Maggie Hassan (D) of New Hampshire and Todd Young (R) of Indiana reintroduced a bill to repeal the required capitalization of […]
Historic Tax Credit: Changes Proposed to Make it More Accessible, Attractive - On March 2, 2023, Senators Cardin (Maryland), Cassidy (Louisiana), Cantwell (Washington), and Collins (Maine) reintroduced the Historic Tax Credit Growth and Opportunity Act (HTC-GO). This legislation was originally proposed back in 2021. HTC-GO has many beneficial proposed changes to the current historic tax credit program. The four proposed permanent provisions are: 30% tax credit increased […]
How to Identify Areas of Improvement within Processes and Systems? - Whether caused by external forces like the pandemic or internal shifts at a specific company, there is a renewed focus on operational efficiencies. Your employee resources may be consistently frustrated by challenges such as: Extensive manual data manipulation in Excel Lack of reporting functionality in your system Information maintained in multiple systems Difficulty gaining cooperation, […]
SV Bank Crisis Has Businesses Hyper Focused on Cash Management - Regulators shut down Silicon Valley Bank (SVB) on March 10th (Friday), in the largest U.S. bank failure since the 2008 financial crisis. The failure was attributed to a run on the bank and liquidity issues. On March 12th (Sunday), the Department of the Treasury, Federal Reserve, and FDIC issued a statement announcing actions enabling the FDIC to complete its resolution of SVB in […]
AAFCPAs Announces New Director Promotions - AAFCPAs, a best-in-class CPA and consulting firm known for tax, assurance, accounting, wealth management, business process, and IT advisory solutions, today announced employee promotions to Director: Aaron Diamond, CPA Promoted to Director, Assurance Aaron has been promoted to Director in AAFCPAs’ Assurance practice. He has extensive experience leading high-energy assurance teams, and in providing advice […]Delaware Franchise Tax Reminder - AAFCPAs would like to make clients aware that all companies incorporated in the state of Delaware are required to file an annual report and pay an annual franchise tax to Delaware each year by March 1st. We have outlined for your convenience two methods of calculating the franchise tax you owe: the authorized shares method, […]
Carla McCall shares insights in Bloomberg podcast interview - Carla McCall, AAFCPAs’ Managing Partner was recently interviewed by Bloomberg Baystate Business. Listen at 1:03:00 mark >> Carla shares her insight on the state of Massachusetts business climate, how AAFCPAs is taking an innovative approach to helping our clients deal with the labor shortage, why we love CFOs and support FEI Boston, and her favorite […]
Carla McCall is a Mentor for BBJ Mentoring Monday, 2023 - AAFCPAs is proud to announce that Carla McCall, CPA, CGMA will again volunteer as a professional mentor for the Boston Business Journal’s 10th annual Bizwomen Mentoring Monday event, scheduled for February 27th at the Westin Copley Place, Boston. Mentoring Monday brings together women in the business community for a full afternoon of networking, mentoring and fun in […]
AAFCPAs’ Cannabis Practice Leaders Join NECANN-Boston Programming Schedule - AAFCPAs has been selected to present two educational workshops at NECANN Boston 2023 (The New England Cannabis Convention) scheduled for March 10-12th at the Hynes Convention Center, Boston. AAFCPAs’ Cannabis Practice has also signed on as a Sponsor for the Convention, aka “THE Annual Meeting of the East Coast Cannabis Industry!” Entrance to Exit for […]