John Buckley
John Buckley Joins PrimeGlobal North American Regional Council
Boston, MA (October 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 pleased to announce that John Buckley, CPA, CGMA, Partner has joined the PrimeGlobal North American Regional Council. PrimeGlobal is one of the largest associations of independent accounting firms worldwide. […]
AAFCPAs Invited To Present at NCSC24
AAFCPAs’ John Buckley, CPA, CGMA has been invited to present on financial health when operating a strong charter school/network at NCSC24, the largest national gathering of educators, advocates, and leaders in the charter school community. This year’s conference will be held June 30 to July 3, 2024. In his presentation, John will touch on the […]
Bitcoin Bump and a Looming Tequila Shortage
Bloomberg (March 21st, 2023) – Bloomberg Baystate Business With Tom Moroney, Joe Shortsleeve, Kim Carrigan, Anne Mostue and Janet Wu 3-20-23 Janet Wu speaks with John Buckley, Partner and consultant with AAFCPAs, about advice he is giving to businesses after the SVB collapse. Tamara Small, CEO of NAIOP Massachusetts, tells us why she is urging […]
SV Bank Crisis Has Businesses Hyper Focused on Cash Management
Regulators shut down Silicon Valley Bank (SVB) on March 10th (Friday), in the largest U.S. bank failure since the 2008 financial crisis. The failure was attributed to a run on the bank and liquidity issues. On March 12th (Sunday), the Department of the Treasury, Federal Reserve, and FDIC issued a statement announcing actions enabling the FDIC to complete its resolution of SVB in […]
Schools Eligible for the Employee Retention Credit
AAFCPAs would like to remind independent schools of the availability of the Employee Retention Credit (ERC). The ERC provides significant refundable payroll tax credits to eligible employers for both the 2020 and 2021 tax years. It is not too late to submit a claim for the ERC! WHAT IS THE EMPLOYEE RETENTION CREDIT? The ERC […]
Guidance on Lease Standard for Independent Schools
What Lessees Need To Know In February 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease transactions. Because of the significant changes contained in this ASU, though issued in 2016, the effective date for implementing the new accounting guidance was pushed to fiscal year 2023 for […]
ECF Funds May be Subject to Uniform Guidance Audit
AAFCPAs would like to make Charter School clients aware that funds received under the ECF (Emergency Connectivity Fund) Program are federal funds and must be included in the calculation for determining your need for a Uniform Guidance audit. In May 2021, the ECF program was established by the FCC (Federal Communications Commission) to distribute ARPA […]
GASB Lease Accounting Standard
As a reminder, Governmental Accounting Standards Board (GASB) Statement No. 87, Leases, applies to entities following government accounting rules, including AAFCPAs’ clients in the Charter School industry, as well as other quasi-governmental organizations. This guidance applies to most leases with a term of over 12 months. These leases will now be recognized on the statement […]
GASB Lease Accounting Standard Reminder
As a reminder, Governmental Accounting Standards Board (GASB) Statement No. 87, Leases, applies to entities following government accounting rules, including AAFCPAs’ clients in the Charter School industry, as well as other quasi-governmental organizations. This guidance applies to most leases with a term of over 12 months. These leases will now be recognized on the statement […]