evergreen
3 Ways to Plan for your Grandchildren’s Financial Future
For many of our clients, taking care of loved ones and leaving a legacy is an important part of your financial journey. The arrival of a grandchild marks the beginning or expansion of a new generation. There is a sense of magic as the baby represents the family projecting far into the future. These new […]
Q&A: Keys to a Successful Firm
SumNews, March 2021- “It is important to keep an eye on the future of the profession and to respond nimbly to the rapid pace of change,” says AAFCPAs’ managing partner Carla McCall.
5 Tips for Safe Intrafamily Loans
If a relative needs financial help, offering an intrafamily loan may be a viable solution. But if not properly executed, such loans can carry negative tax consequences, such as unexpected taxable income, gift tax, or both. AAFCPAs Outlines Five Tips to Help Avoid Unwelcome Tax Surprises with Intrafamily Loans: Create a Paper Trail. In general, […]
Download Checklist: IT & Cybersecurity HealthCheck
AAFCPAs designed this comprehensive IT & Cybersecurity HealthCheck to assist clients in surfacing, understanding, and managing priority IT risks that may be mitigated to better secure your organization’s Personally Identifiable Information (PII), client records, proprietary information, and/or other sensitive data.
Secure Your IT Infrastructure & Create Resiliency
IT infrastructure is the combination of hardware, software, communications, data centers/hosting services, and human resources that allows an organization to deliver information technology services to its constituent communities. IT resiliency refers to an organization’s ability to avoid or minimize business disruption when the IT infrastructure is challenged by planned or unplanned events, such as the […]
Optimize Your IT General Controls
Information Technology General Controls (ITGCs) help organizations guard their systems and operations against IT-related risks in critical business areas like finance, purchasing, and payroll. ITGCs are the foundation for the overall IT control environment as they provide the assurance that systems operate as intended and that output is reliable. (For public companies, these controls support […]
Why Nonprofits are Outsourcing Accounting
Skilled accounting and finance talent is scarce and in high demand, especially for nonprofits who often struggle with expectations to keep “overhead” low. These labor challenges are national and expected to intensify over time. Knowledge-intensive industries like financial and business services are expected to continue to be hit hard by the talent crunch. Nonprofits also […]
Implementation Tips Specific to Sage Intacct
Implementing a new accounting software application requires significant investments in time, energy, and financial resources. A proper implementation plan is key to maximizing the long-term value of your new system. In a previous blog, AAFCPAs’ Business & IT Consulting practice outlined best practice recommendations to ensure clients get the most out of the new system. […]
Mitigate Risks Associated With Outsourcing Services
If you outsource services such as payroll processing, loan servicing, data center/co-location/IT Managed Services, Software as a Service (SaaS), or medical claims processing, you rely on the service provider to keep your data secure, maintain confidentiality, integrity of processing, availability of services or systems, and/or privacy. However, AAFCPAs reminds clients that outsourcing may expose your […]