Nonprofit
CFOs Embrace the Cloud for Scalability, Reliability, and Independence
CFOs are more commonly migrating services to the Cloud in order to unlock benefits that can help them free up resources and achieve a new level of scalability. They and their management teams are capturing greater reliability, cost-effectiveness, and security through the right Cloud services. The Cloud used to fall mainly under the jurisdiction of […]
AAFCPAs Presents How to Maintain Your Nonprofit Status
The nonprofit clients we serve have a tremendously positive impact on the employees and culture of AAFCPAs. Regardless of the mission, we are inspired daily by our awareness of all the great work that occurs by nonprofits in service to our community. We are happy to share our expertise pro bono through lecturing or speaking […]
Filing Deadline for Data Collections Forms Extended
The Federal Audit Clearinghouse (FAC) website continues to be temporarily offline for maintenance due to an ongoing security investigation. Extended due dates for federal audits due between July 22 and December 30, 2015, are now December 31, 2015. Nonprofit organizations that file an audit performed under OMB Circular A-133, and fall within the previously mentioned due […]
AAFCPAs to Present Financial Changes, Challenges & Opportunities at CAFCA Conference
AAFCPAs Partner Robin Kelley, CPA, CGMA, in collaboration with the Connecticut Association for Community Action, Inc. (CAFCA), will present two interactive, finance best practices workshops for Community Action Agency Finance Directors and staff at CAFCA’s 2015 Connecticut Community Action Agency Conference on October 9, 2015 at the Hartford Marriott Farmington, Farmington, CT. Liquidity and Organizational […]
Using Technology to Gain Efficiency and Internal Control in Major Business Processes
Morning Workshop at Providers’ Council 40th Annual Convention & Expo AAFCPAs Partners Robin Kelley, CPA, CGMA, and James Jumes, along with AAFCPAs’ clients Timothy Barrett, Controller, Pine Street Inn and Andrew Caires, Director of Fiscal Services, Center for Human Development, Inc. will present an interactive Workshop to discuss ways in which technology may be used […]
Guiding Nonprofits through Charity Evaluator Ratings
AAFCPAs’ Jeff Cicolini in Accounting Today advises “communication and transparency are paramount for companies looking to win over advocates, positively rate with charity evaluators.”
EOHHS 3.75% Payment Contracts: AAFCPAs advises on where and how to record quarterly payments
Human & social services providers who do not yet have a regulation establishing a rate of payment for certain social services programs are now beginning to receive their expected quarterly payments from the Executive Office of Health and Human Services (EOHHS) for programs affected by Chapter 257. Where and how do providers record payment? Purchase […]
Retain Key Executives in the Nonprofit Sector with 457 Deferred Compensation Plans
Executive compensation continues to receive increased scrutiny from the IRS, Attorney Generals (AGOs), and in the court of public opinion. This scrutiny is intended to ensure that executive compensation does not take away from the charitable mission of the nonprofit; however, the IRS and AGOs also recognize that large public charities are complex organizations that […]
3.75% Payment Contract for Human & Social Services Providers Affected by Chapter 257
For human & social services providers who do not yet have a regulation establishing a rate of payment for certain social services programs, AAFCPAs reminds you that you will begin receiving quarterly payments on or around August 15, 2015 provided that you have timely executed a 3.75% Payment Contract with the Executive Office of Health […]