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Janice O’Reilly Discusses Financial Strategies for Cannabis Industry at MJ Unpacked
At the 2024 MJ Unpacked event, held November 5-7 in St. Louis, Missouri, AAFCPAs’ Janice O’Reilly, CPA, CGMA, Partner shared valuable insights with Highly Capitalized Network on navigating the complex financial landscape of the cannabis industry. MJ Unpacked is the nation’s only cannabis industry trade event with exclusive attendance for licensed operators, researchers, and investors. […]
Ninth Annual GivingTuesday Drive Raises More Than $25K
Boston, MA (December 10, 2024) — AAFCPAs, a preeminent 350+ employee CPA and consulting firm specializing in tax, assurance, accounting, wealth management, business process and IT advisory solutions, is proud to announce that this year’s GivingTuesday contributions exceed $25K. This marks the firm’s ninth annual GivingTuesday drive, bringing the firm’s collective lifetime donations to mission-driven […]
Ryan Wolff Receives 2024 Digital CPA Innovative Practitioner Award
Boston, MA (December 10, 2024)—AAFCPAs, a preeminent 350+ employee CPA and consulting firm specializing in tax, assurance, accounting, wealth management, business process and IT advisory solutions, is pleased to announce that Ryan Wolff, Strategic Innovation & Data Analytics, has been honored with the prestigious 2024 Digital CPA Innovative Practitioner Award. This award recognizes Ryan’s exceptional […]
Season’s Greetings from AAFCPAs!
The season invites us to pause and reflect, and we take this moment to extend our sincere appreciation for your trust and collaboration. Your continued partnership is at the heart of what we do, and we’re honored to have the opportunity to work with you. In lieu of a card or gift this year, AAFCPAs […]
Federal Court Temporarily Halts BOI Reporting Requirements
A federal district court in Texas has issued a nationwide preliminary injunction halting enforcement of the Corporate Transparency Act (CTA) and its beneficial ownership information (BOI) reporting requirements. The ruling, issued on December 3, 2024, found that the CTA likely exceeds Congress’ constitutional authority and temporarily suspends the January 1, 2025, reporting deadline for businesses. […]
From the Desk of Kevin Hodson: New Retirement Savings Limits and the Impact of Cost of Living
With the conclusion of this year, let’s welcome the opportunities of the next. Following are updates on retirement savings limits and their impact on your financial planning. Also, let’s consider the rising cost of living on your financial strategies. New Retirement Savings Limits and Catch-Up Contributions Starting next year, there are significant changes to the […]
AAFCPAs to Launch Nonprofit Consulting Suite in 2025
Your gateway to comprehensive nonprofit expertise, actionable insights, and tailored solutions. Boston, MA (December 5, 2024) – AAFCPAs is pleased to announce the planned launch of its Nonprofit Consulting Suite, a web-portal designed to streamline access to all the trusted expertise, solutions, and insights our nonprofit clients depend on most. AAFCPAs’ Nonprofit Consulting Suite, accessible […]
From the Desk of Andrew Hammond: 529 to Roth IRA Rollovers
As we get closer to the end of the year, I wanted to share some exciting news about a new financial strategy that may benefit your family’s long-term financial health. This strategy involves using 529 plans and Roth IRAs to make the most of your savings and investments. A New Opportunity: 529 to Roth IRA […]
IRS Increases Tax-Free Charitable Giving Limit for IRA Owners
In a recent announcement, the IRS increased the annual limit for tax-free charitable donations from IRAs, allowing eligible IRA owners aged 70½ and older to give up to $105,000 tax-free in 2024. These contributions, known as Qualified Charitable Distributions (QCDs), may help reduce taxable income while also benefiting eligible charitable organizations. For those aged 73 […]