Terri Delaney
1099 Reporting: Key Deadlines and Requirements for 2024
In this article: 1099 Reporting Requirements AAFCPAs reminds clients that payments exceeding $600 made to non-employees, including contractors and other service providers, must be reported to the IRS using Forms 1099. If your business hired consultants in 2024, paid dividends, or managed a complex debt structure involving independent contractors, you may face penalties if 1099 […]
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 […]
Best Practices for Foreign Companies Establishing a U.S. Presence and Hiring U.S. Employees
Foreign companies entering the U.S. have a lot to consider from a tax, accounting, and legal perspective prior to commencing operations in the U.S. Because establishing a legal entity can take time to complete, with multiple steps and potential bottlenecks to accommodate, AAFCPAs advises that clients understand the timeline and plan accordingly. The first step […]
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.
AAFCPAs Acquires Scott A. Goffstein & Associates
Boston, MA (June 1, 2020) – AAFCPAs, a best-in-class CPA and consulting firm known for assurance, tax, accounting, wealth management, valuation, business process, and IT advisory solutions, today announced it has acquired Scott A. Goffstein & Associates, a 14-person CPA firm based in Waltham, MA. The acquisition brings additional high-quality expertise to AAFCPAs and accelerates […]