New Revenue Recognition Accounting for Nonprofits: Contribution or Exchange Transaction?
On June 21, 2018, the Financial Accounting Standards Board (FASB) issued a final Accounting Standards Update (ASU) 2018-08, Not-For-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. This ASU clarifies and reduces the current diversity in practice in accounting for grants and contributions, particularly for grants and […]
Carla McCall Shares How AAFCPAs Put Innovation to Work
AAFCPAs’ Co-Managing Partner Carla McCall, CPA, CGMA presented a best practices session titled: Putting Innovation to Work: Moving from Ideas to Action at Upstream Academy’s Best Practices 2019 annual conference for CPA firm leadership teams. The desire to improve is one of the hallmarks of a high-performance firm. It is difficult to move from desire […]
AAFCPAs’ Chief Talent Officer and New Director of Talent Advancement Support Continued Growth
AAFCPAs is pleased to announce Donna M. Richer is promoted to Chief Talent Officer (CTO) and Ingrid Goldbloom Bloch joins the firm as Director, Talent Advancement. Donna M. Angelico As CTO, Donna leads AAFCPAs’ Talent Management function and helps maintain our unique and authentic company culture—one that genuinely cares for the individual, expects honesty and […]
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. The Business & IT Security practice at AAFCPAs has published the following insights […]
Watch Now: 340B Compliance Webinar
This educational webinar provided attendees with an understanding of compliance requirements for running a 340B in-house or contract pharmacy, including: How to successfully prepare for an Office of Pharmacy Affairs (OPA) audit How to ensure 340B Program integrity and maintain accurate records documenting compliance with all 340B Program requirements Major risks of the 340B Program […]
AAFCPAs Tax Practice Announces New IT Solutions and Process Improvements
The Tax Practice of AAFCPAs is excited to introduce new IT solutions and process improvements that will add efficiency and ease to your client experience for the 2019 tax return filing season. Please review the information below as you may need to take action in order to avail yourself of these new tools. TaxCaddy TaxCaddy […]
AAFCPAs Shares Tax Expertise at MNN Annual Conference
AAFCPAs will happily present an educational workshop on How New Federal Tax Laws Impact Nonprofits at The Massachusetts Nonprofit Network’s (MNN) 2019 Annual Conference in Framingham, MA on October 16th. Tax Update: How New Federal Tax Laws Impact Nonprofits The IRS issued new guidance related to the Federal Tax Cuts & Jobs Act’s (TCJA) widespread […]
IT Security Vulnerabilities Caused by Web Applications
Custom business applications are increasingly attractive because they allow companies to improve employee and customer user experiences with enhanced flexibility and efficiency. Some custom business app platforms tout that “creating your own custom apps is easy, even if your programming knowledge is non-existent.” However, this ease and accessibility can lead to unanticipated security vulnerabilities. According […]
AAFCPAs’ Marketing Leaders Volunteer Their Skills to Strengthen a Boston Nonprofit
AAFCPAs Partner and CMO Matthew Boyle, MBA and Marketing Manager Patrick Huegel participated in Common Impact’s second annual Skills for Cities Boston on September 30, 2019. Skills for Cities is an inspiring day of corporate-nonprofit collaboration to solve community challenges for nonprofits in Boston. Matthew and Pat invested their unique marketing talents in a strategic, […]