Did Your Accounting Department Thrive While Remote?
Many finance departments were put to the test when forced to transition to a remote workforce in response to the Coronavirus pandemic. Those that had already moved processes and systems to the cloud were able to adapt quickly. Those that outsourced their finance function to AAFCPAs’ Managed Accounting Solutions (MAS) group did not skip a […]
HHS Announces $20 Billion in New Phase 3 Provider Relief Funding
On October 1, 2020, the U.S. Department of Health and Human Services (HHS), through the Health Resources and Services Administration (HRSA), announced $20 billion in new funding for providers on the frontlines of the Coronavirus pandemic. Under this Phase 3 General Distribution allocation, providers that have already received Provider Relief Fund (PRF) payments will be […]
AAFCPAs Shares Expertise at Providers’ Council Annual Conference
AAFCPAs will present a virtual educational workshop titled Where Do We Go From Here? Planning for an Uncertain Future Moving Forward From COVID-19 at the Providers’ Council 45th Annual Convention & Expo on Thursday, October 29 from 1PM – 2:30PM. Where Do We Go From Here? Planning for an Uncertain Future Moving Forward From COVID-19 COVID-19 […]
October is National Cybersecurity Awareness Month
Held every October, National Cybersecurity Awareness Month (NCSAM) is a collaborative effort between government and industry to raise awareness about the importance of cybersecurity and to ensure that all Americans have the resources they need to be safer and more secure online. AAFCPAs’ Business & IT Security practice published a comprehensive Cybersecurity Risk Mitigation Guide […]
Remote Work and Income Taxes
More Americans than ever are working remotely due in large part to the Covid-19 pandemic, a trend which may continue indefinitely. This shift in the status quo has created an unprecedented tax dilemma for employers with multi-state workers as well as those employees who may now be considered multi-state workers.
AAFCPAs Announces Promotions
AAFCPAs, a preeminent CPA and consulting firm based in New England, is pleased to announce promotions for the following team members in recognition of their competence, commitment, and superior performance serving our diverse client base in their respective areas of practice. New Director and Managers: Amy Staunton, CPA is a senior member of AAFCPAs’ Managed […]
AAFCPAs Donates $20,000 in Support of the Firm’s Social Mission
AAFCPAs’ team members look forward to their firm-sponsored annual Paid Day of Service. However, the Coronavirus pandemic made in-person volunteering a challenge this year. In lieu of this year’s Paid Day of Service, team members were offered the option to donate their volunteer day of pay to charities in need, and their response was overwhelmingly […]
AAFCPAs’ Tax Attorney Provides Practical Tips and Strategies for How to Handle State and Federal Tax Controversy
AAFCPAs’ Partner and Tax Attorney Joshua England, LLM, Esq will share practical tips and strategies on how to anticipate state and federal tax controversy in a live webcast on October 7th, 2020 from 12:00 – 1:00 pm ET. Josh will be joined by Jon S. Barooshian, Esq., Partner at Bowditch & Dewey, Attorneys. In recent […]
IRS Issues Guidance on Presidential Payroll Tax Deferral Memorandum
AAFCPAs would like to make clients aware that the Treasury issued IRS Notice 2020-65 which provides guidance on the August 8, 2020 Presidential Memorandum directing the Treasury to allow employee deferral of withholding, deposit and payment of certain payroll tax obligations. Which Employees are Eligible to Defer? The deferral is restricted to any employee whose […]