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![Featured Image: Regular Cost Updates are Crucial for Accurate Financial Reporting](https://www.aafcpa.com/wp-content/uploads/2024/09/Regular-Cost-Updates-Are-Crucial-for-Accurate-Financial-Reporting.jpg)
Construction Project Management Tip: Regular Cost Updates Are Crucial for Accurate Financial Reporting
It is important for Project Managers to regularly update costs during a project because things are dynamic, and nothing goes exactly to plan. You could be beating the budget on labor hours, which may result in increased profitability, or you could be going way over on hours and ultimately need more resources to finish. There […]
![](https://www.aafcpa.com/wp-content/uploads/2024/09/Seminar-Recap-2024-Exploring-Nonprofit-Collaborations-Mergers-Affiliations-and-More.jpg)
Seminar Recap: Exploring Nonprofit Collaborations, Mergers, Affiliations, and More
During AAFCPAs’ recent Nonprofit Seminar (April 2024), Joshua England, LLM, Esq. and Chris Consoletti, Esq. updated approximately 400 attendees on nuances related to nonprofit collaborations, mergers, and affiliations. The full session was recorded and may be viewed as a webcast at your convenience. >> Now, more than ever, nonprofits need to explore collaborations, both formal […]
![](https://www.aafcpa.com/wp-content/uploads/2024/09/Company-Wind-Down-Best-Practices-.jpg)
Company Wind Down Best Practices
Nobody enjoys contemplating a business’s failure, but it’s a possibility even for the biggest and most complex companies. When dissolution is imminent or inevitable, there are ways to plan proactively to help minimize financial loss, meet legal obligations, optimize asset valuation, and protect a company’s reputation and relationships. Because the process is so complex, having […]
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New UDS+ Reporting Requirements Announced for Health Centers
Health centers have long been required to submit a Uniform Data System (UDS) report to the Health Resources and Services Administration (HRSA) by February 15 each year. However, AAFCPAs would like to ensure FQHC clients are aware HRSA introduced a new requirement, the UDS+ filing due by April 30, 2025, for calendar year 2024 data. […]
![](https://www.aafcpa.com/wp-content/uploads/2024/08/Accounting-pipeline.jpg)
Stacking the pipeline
Accounting Today (August 29, 2024) – Accounting’s top managing partners are doing what they can to ensure there will be new generations of people they can lead — and tap to succeed them — in the coming years. The 2024 MP Elite, representing accounting’s top leaders, are well aware of the dwindling state of the […]
![](https://www.aafcpa.com/wp-content/uploads/2024/08/A-Guide-to-Business-Process-Assessment-and-System-Selection-featured-image-01.jpg)
A Guide to Business Process Assessment and System Selection
A business process assessment is the first step in identifying, addressing, and solving inefficiencies that may hold back performance and productivity within your organization. Successful, growing organizations often find themselves over-reliant on Excel for data management, facing reporting delays, lacking real-time insights, struggling with data processing and intensive reconciliations between systems, or closing late due […]
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AAFCPAs Receives 2024 Golden Globes Award
Boston, MA (August 28, 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 recognition as Sustainability Champion by PrimeGlobal’s 2024 Golden Globes Awards. The award was presented at the PrimeGlobal MegaWeek in San Antonio, Texas on […]
![](https://www.aafcpa.com/wp-content/uploads/2024/08/Seminar-Recap-2024-Employee-Benefit-Plan-Risk-Update.jpg)
Seminar Recap: 2024 Employee Benefit Plan Risk Update
During AAFCPAs’ recent Nonprofit Seminar (April 2024), Shawn P. Huxley, CPA, MSA and Davide Villani, CPA, CGMA updated approximately 400 attendees on employee benefit plan risk. The full session was recorded and may be viewed as a webcast at your convenience.>> Secure Act 2.0 Overview Secure Act 2.0 is designed to increase access to retirement […]
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IRS Launches Second Employee Retention Credit Voluntary Disclosure Program
AAFCPAs would like to make clients aware that the Internal Revenue Service introduced its second Employee Retention Credit (ERC) Voluntary Disclosure Program, which runs until November 22, 2024. This initiative allows businesses to correct improper ERC payments at a 15 percent discount and avoid future audits, penalties, and interest. Under this program, businesses will need […]