Blog
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Managing Generational Change in Family Business
Running a business in today’s global economy is challenging due to rapidly evolving technology, changing consumer preferences, and economic uncertainties—which all require constant adaptation and innovation to remain competitive. When the company is closely held or family-owned, however, the complexities may increase tenfold. There are additional emotional and psychological elements to contend with, legacy concerns, […]
Champions of Health Care: Hutt strengthens providers’ financials in the shift to preventative care
Worcester Business Journal (November 27, 2023) – As partner and healthcare division leader at Westborough accounting firm AAFCPAs, Matthew Hutt helps medical providers answer complicated questions. Healthcare providers, especially smaller ones, have difficulty thinking about long-term financial planning and navigating complex payment structures. That’s where Hutt and his team of tax professionals step in…
Job Change? Now is a Good Time to Revisit Your Financial Plan
When you change employers, embark on a long sabbatical, take early retirement, or experience any sort of significant career shift, you face a new set of financial challenges. A new job might reverse plans or steer you in a new direction. You might need to reassess what you value, how you manage assets, and what […]
Emotional Intelligence Leadership in the Digital Age
During AAFCPAs’ Nonprofit Educational Seminar (April 2023), Jamelle Lindo, Emotional Intelligence Coach, presented a lively keynote introduction to emotional intelligence leadership in the digital age to 400+ CFO and Executive Director attendees. Jamelle is a charismatic coach, trainer, and speaker with more than a decade of experience in emotional intelligence learning and development. In his […]
Year-end CFO/Controller Projects
As we approach the end of the year, finance leaders are immersed in a critical phase: ensuring tax compliance readiness, devising year-end tactics to maximize 2023 tax benefits, and crafting budgets and forecasts for 2024. This period often brings a surge in workload, challenging teams to do more with the same resources. This is where […]
Two Tax-friendly Vehicles for Charitable Giving
Since the IRS nearly doubled its standard deduction in 2017, a large number of taxpayers no longer itemize and, therefore, do not receive the associated deduction for charitable contributions on their tax return. But taxpayers may still garner a tax benefit from charitable giving with a little creativity. AAFCPAs and AAF Wealth Management advise that […]
Unlocking Automation Success: Building a Robust Case for RPA Through a Strategic Rubric
Consider how many business processes require little to no critical thought. Think high volume manual data entry, paper forms processing, patient registration, website scraping, policy administration or servicing, benefits administration, data cleansing, and system or application testing. Not only do these tasks detract from creative and strategic innovation, facetime, and critical analysis but the monotony […]
3.2% Cost-of-living Adjustment in 2024
The Social Security Administration recently announced a 3.2 percent cost-of-living adjustment (COLA) for 2024. While this is higher than its 2.6 percent average annual increase over the past two decades, it is down from an 8.75 percent increase in 2023, which marked the largest in 42 years. This increase is slated to affect 66 million […]
AAFCPAs Celebrates GivingTuesday
Boston, MA (November 3, 2023) — AAFCPAs, a preeminent 300+ employee CPA and consulting firm specializing in tax, assurance, accounting, wealth management, business process and IT advisory solutions, today announced that it will continue its pledge to double employee-directed contributions to nonprofit causes of their choice beginning November 1 through GivingTuesday on November 28, 2023. […]