SOC Reports
How to Evaluate Whether a Firm Can Perform a SOC 1 Examination
SOC reports are often discussed as if they are interchangeable. In practice, that assumption breaks down quickly. A SOC 1 report is not a general...
Blog
Green Tech & Clean Tech
Green Tech & Clean Tech
Transaction Advisory
IRS Updates Guidance on Business Interest Deductions
Key takeaways: IRS updates FAQs on business interest expense deductions under Section 163(j). New rules allow adding back depreciation, amortization, and depletion when calculating adjusted...
Transaction Advisory
Why Tax Planning Should Begin Well Before a Multistate or International Business Sale
When preparing a business for sale, one of the first areas buyers examine is tax compliance. Where a company files state income, sales, and payroll...
Legislative & Regulatory Updates
Green Energy Tax Credits Ending Under One Big Beautiful Bill
The One Big Beautiful Bill (OBBB) redrew the boundaries of U.S. climate policy. With its passage, several of the tax incentives that had shaped investment...
Business Tax
Massachusetts to Automate Penalties on Late Advance Payments Starting July 2025
Beginning July 1, 2025, the Massachusetts Department of Revenue (DOR) will automatically assess penalties on businesses that fail to make required advance tax payments by...
Legislative & Regulatory Updates
Bill Introduced to Repeal R&D Expense Capitalization
AAFCPAs provides the following update to clients with expenditures incurred in connection with your trade or business which represent research and development costs in the...
Higher Education
Guidance on New Lease Accounting Standard
In 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease transactions. AAFCPAs has summarized some of...
Manufacturing & Distribution
MA Launches Stimulus Program to Boost Small Businesses
AAFCPAs would like to make clients aware that Massachusetts Governor, Charlie Baker has announced a new $50.8 million grant program for Massachusetts small businesses experiencing...
Resources
AAFCPAs Releases 2019-2020 Tax Planning Guide for Businesses & Individuals
As we approach the second tax filing season under the monumental Tax Cuts & Jobs Act (TCJA), we now have a clearer and broader view...
