Main Street Lending Program Update
AAFCPAs would like to make clients aware that on June 8th, 2020, the Federal Reserve announced changes to its Main Street Lending Program to “allow more small and medium-sized businesses to be able to receive support.” The changes include: Lowering the minimum loan size for certain loans to $250,000 from $500,000; Increasing the maximum loan […]
IRS Provides Answers About Coronavirus Related Tax Relief for Qualified Opportunity Funds and Investors
AAFCPAs would like to make clients aware that the Internal Revenue Service (IRS) provided guidance recently for Qualified Opportunity Funds (QOFs) and their investors in response to the ongoing Coronavirus Disease 2019 (COVID-19) pandemic. Notice 2020-39 answers questions regarding relief from certain requirements under section 1400Z-2 of the Internal Revenue Code (Code) and the implementing […]
Accounting Profession Responds to George Floyd Killing and Anti-Racism Protests
Accounting firms, state CPA societies and national accounting organizations are addressing the wave of international outrage and demonstrations sparked by the killing of George Floyd, an unarmed African-American, by four Minneapolis police officers.
AAFCPAs’ Matthew Boyle to Address CFOs in Transition at FEI-Boston
The Boston chapter of Financial Executives International (FEI-Boston) is presenting a Social Media Workshop Webinar for CFOs in Transition on Tuesday, June 9th, 2020 led by AAFCPAs Partner & Chief Marketing Officer Matthew Boyle, MBA. Matthew will incorporate his keen knowledge of CFO behavior and understanding of the Boston marketplace while sharing best practices for LinkedIn. He […]
Overcome Cyber Security Challenges of a Remote Workforce
COVID-19 has challenged businesses to think about operations in a new way, and in many cases, your IT specialists may be supporting employees for the first time ever that were never intended or conceived to be remote or fully remote. With an increased risk of employees falling prey to cyber-attacks, AAFCPAs advises clients to create […]
PPP Flexibility Act Extends Covered Period of Loan
AAFCPAs would like to make clients aware that on June 5, 2020 the President signed into effect the Paycheck Protection Program (PPP) Flexibility Act, which would provide greater flexibility in how businesses may spend PPP loan proceeds. The act provides new flexibility to PPP borrowers, including: Expanding the original 8-week forgiveness period to 24 weeks. […]
AAFCPAs Acquires Goffstein
AAFCPAs, a Regional Leader in the New England area, has acquired Scott A. Goffstein & Associates, a 14-person CPA firm based in Waltham, Massachusetts. The deal expands AAFCPAs’ expertise in international tax and managed accounting solutions.
AAFCPAs Pushes Ahead With Acquisition During Pandemic
The Westborough-based accounting and consulting firm AAFCPAs has acquired a small local firm with a specialty in international tax issues, pushing ahead with the deal despite the economic wreckage caused by the ongoing Covid-19 pandemic. AAFCPAs is buying Waltham-based Scott A. Goffstein & Associates, a 14-person firm, with Goffstein coming on as a partner. The […]
Westborough Accounting Firm Expands to Waltham With New Acquisition
Westborough accounting firm AAFCPAs announced on Monday it has acquired Waltham-based Scott A. Goffstein & Associates, increasing its staff to 34 partners and 240 employees. AAFCPAs plans to continue maintaining Goffstein’s office in Waltham, making it the fourth AAFCPAs office, along with Wellesly and Boston, according to the announcement. Goffstein’s office has 14 employees.