Industry
Nonprofits Can Transfer, Claim Direct Payments for Inflation Reduction Act Credits
The Inflation Reduction Act (the “Act”), originally signed into law on August 16, 2022, outlined a proposal that allowed certain non-taxable entities to receive specific credits under the Act as direct payments. On June 14, 2023, the IRS issued proposed regulations that outline how these non-taxable organizations can file and make an election to either […]
UFR Insights: AAFCPAs Presents Webinar for Providers’ Council
AAFCPAs’ Human & Social Services practice leaders Katie Belanger, CPA and Thomas Perruna, MPAc have been invited to present on August 30, 2023 at 10 AM on the Commonwealth of Massachusetts’ Uniform Financial Statement (UFR) during an educational member’s only webinar hosted by the Providers’ Council. AAFCPAs contacts who are not members of the Providers’ […]
HRSA Announces Changes to Uniform Data System Reporting
AAFCPAs would like to make Federally Qualified Health Center clients aware of recent updates made by the Health Resources Services Administration (HRSA) to the 2023 Uniform Data System (UDS) report, due February 15, 2024. Updates to UDS Reporting HRSA announced changes to how data on Table 6A are now defined including updates to applicable ICD-10-CM […]
AAFCPAs Celebrates 2023 National Health Center Week
AAFCPAs invites you to join us in celebrating National Health Center Week August 6-12, 2023 as we pay tribute to Community Health Centers (CHCs), their staff, and the quality of care they provide. CHCs are an invaluable source of quality health care and support within our communities, serving more than 30 million patients each year. […]
AAFCPAs Provides Tax and Business Guidance at Cannabis Industry Conferences
AAFCPAs Provides Tax and Business Guidance at Cannabis Industry Conferences AAFCPAs’ Cannabis Practice leaders David McManus, CPA, CGMA and Joshua England, LLM, Esq. have been invited to present at two industry conferences in August 2023. AICPA & CIMA Cannabis Industry Conference David McManus, CPA, CGMA is pleased to present CAN2315, Taxes: Part 1 at the […]
IRS Audit Risk Areas for Nonprofit Retirement Plan Sponsors
During AAFCPAs’ recent Nonprofit Educational Seminar (April 2023), Employee Benefit Plan Practice leaders Davide Villani, CPA, CGMA and Shawn P. Huxley, CPA, MSA updated 400+ CFO and Executive Director attendees on the IRS’ 2023 strategic focus areas for small exempt organizations that sponsor retirement plans. AAFCPAs audits 180+ plans annually including 401(k) and 403(b) plans, […]
AAFCPAs Invited to Speak at Maine Cannabis Convention
AAFCPAs’ Cannabis Practice leaders David McManus, CPA, CGMA and Joshua England, LLM, Esq. have been invited to speak at the Maine Cannabis Convention/Homegrown Trade Show being held at the Augusta Civic Center in Augusta, Maine. The event will take place on Saturday, August 12 and Sunday, August 13, 2023 from 10 AM to 3 PM. […]
Accounting Standards Update: Leases, CECL
During AAFCPAs’ recent Nonprofit Seminar (April 2023), assurance leaders Olga Yasinnik, CPA, MBA, and Angelina Lu, MSA, CPA updated more than 400 attendees on new accounting standards applicable to nonprofits. The full session was recorded and may be viewed as a webcast at your convenience. >> The Lease Standard Olga and Angelina opened with an […]
Three Essential Steps to Prepare for Implementing Robotic Process Automation
As technology continues to advance at an unprecedented pace, we are exploring innovative solutions to streamline our clients’ operations and enhance efficiency. Robotic Process Automation (RPA) has emerged as a powerful software technology that automates repetitive tasks, freeing up valuable time and resources for more strategic initiatives. The business case for RPA is often clear […]