Industry
Reconciliation of Wrap Payments
AAFCPAs would like to make clients aware, effective January 1, 2022, Massachusetts Medicaid (MassHealth) launched an alternative payment methodology (APM) for Community Health Centers who are licensed as a freestanding clinic and not financially or physically an integral part of a hospital. Under the APM, there is a quarterly wrap reconciliation completed by MassHealth which […]
Watch Live: 2022 Year-End Tax Planning Webinars
SAVE THE DATE! AAFCPAs is excited to announce its annual year-end tax planning webinar series, which will provide insight into strategies for 2022-year end that clients may take advantage of now to realize a more favorable tax outcome. Business Tax Wednesday, November 9th 12 – 1 pm Cannabis Business Tax Thursday, November 10th 12:30 – […]
Human & Social Services Pod End of Summer Get Together
Team members in AAFCPAs’ Human & Social Services Pod enjoyed an end of summer 2022 get together, hosted by partners Jeffrey Cicolini, Tom Muldoon, and Katie Belanger.
ProNovos and AAFCPAs Bring Construction Data Analytics to Contractors in Massachusetts and New Hampshire
Strategic partnership between analytics provider ProNovos and CPA and consulting firm AAFCPAs emphasizes benefits of data-driven approaches to WIP reporting, resource-management and more ATLANTA and BOSTON (September 15th, 2022) – New England construction contractors have a faster and easier way to benefit from analytics thanks to a new partnership between ProNovos and AAFCPAs. As part […]
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 […]
What data should Cannabis Operators use to drive decisions?
Cannabis Business Executive (August 24th, 2022) – Data and finance are increasingly linked, and cannabis dispensaries that are growing fast – or facing headwinds – should be on the lookout for information that helps them adapt…
AAFCPAs’ Cyber Security Pros on Agenda at Strength Matters Conference
AAFCPAs’ IT Security Professionals Alex Santiago and Vassilis Kontoglis will share advice on overcoming cyber security challenges of a remote workforce at the Strength Matters Financial Management Conference, September 6-9 in New Orleans. The COVID Pandemic challenged businesses to think about operations in a new way, and in many cases, IT teams were required to […]
Inflation Reduction Act Tax Credit Incentives for Contractors
On August 16, 2022, President Biden signed the Inflation Reduction Act. Both existing and expired energy efficiency tax incentives including 179D Deductions and 45L Credits have been expanded significantly. AAFCPAs would like to make Real Estate and Construction clients aware of the following provisions: Section 179D Tax Deduction The Inflation Reduction Act aims to invest […]
MA Cannabis Reform Bill Signed by Governor
On August 11, 2022, Governor Charlie Baker signed into law the largest cannabis reform bill Massachusetts has seen since 2017: An Act Relative to Equity in the Cannabis Industry. The bill focused on welcomed provisions for operators: MA Decouples from Federal 280E, Offering Significant Tax Savings Social Equity Trust Fund Established, for the benefit of […]