Industry
Pay for Success: a funding model with data at its core
There is at long last solid momentum gathering behind the pay-for-success (PFS) model of funding socially oriented projects and services: a shift in approach that emphasizes outcomes rather than activities. Through PFS contracts, the ecosystem of investors, government, and service providers is working together to create new opportunities and meet more impactful social goals. PFS […]
Community Health Centers Are a Beacon of Strength
This year for National Health Center Week (August 8 – 14), AAFCPAs shines a light on those front-line providers and support staff who, throughout this pandemic, continue to find innovative ways to address community need and overcome financial vulnerability. They have been instrumental in connecting high-risk and vulnerable individuals to care and needed services and […]
IRS Guidance Issued on Change in Useful Life for 2020 Tax Returns
AAFCPAs would like to make clients aware that the IRS recently released long awaited guidance detailing how a taxpayer must change the method of computing depreciation to provide a 30-year recovery period under the alternative depreciation system (ADS) for some properties controlled by a business that started renting before 2018. Rev. Proc. 2021-28 explains how […]
Watch Now: 340B Compliance Webinar
AAFCPAs’ Healthcare Practice leaders Matt Hutt, CPA, CGMA and Charlie Webb, CPA, CHFP, in collaboration with the Massachusetts League of Community Health Centers (The League), present an educational 340B Drug Pricing Program Compliance webinar – recorded live on July 21, 2021. This educational webinar provides attendees with an understanding of compliance requirements for running a […]
HRSA Operational Site Visit (OSV) Changes
AAFCPAs would like to make our Federally Qualified Health Center (FQHC) clients aware of recent updates issued by the Health Resource and Services Administration (HRSA) related to the Health Center Operational Site Visit Protocol. HRSA summarized the updates in two categories: Substantial Updates & General Updates. Substantial Updates The two most significant substantial updates include […]
HRSA Updates Reporting Requirements for Provider Relief Funds
On June 11, 2021, the Health Resources and Services Administration (HRSA) issued a Post-Payment Notice of Reporting Requirements (the Notice) relating to General and Targeted Distributions made under the Provider Relief Fund (PRF). The Notice supersedes the reporting requirements released on January 15, 2021 and is applicable to past and future PRF General and Targeted […]
AAFCPAs to Present Workshop on Anticipating Fraud for Charter Schools
Leaders in AAFCPAs’ Education Practice, John Buckley, CPA, CGMA, and Nichole Reilly, CPA, will present an educational webinar: Is Fraud Preventable? Safeguard Your Charter Public School’s Fiscal Operations in collaboration with the Massachusetts Charter Public School Association (MCPSA) on June 3rd, 2021. This session is open to board members, school leaders, and CFO/COOs. Recent events […]
AAFCPAs’ Partner Dan Stanhope Awarded CFMA 40 Under Forty
AAFCPAs (Westborough, Waltham, Wellesley, Boston, MA) is pleased to announce that Partner Daniel Stanhope, MSA, CCIFP, CPA was selected for the Construction Financial Management Association’s (CFMA) first 40 Under 40 Awards. These distinguished awards recognize the next generation of construction financial management leaders who are rising stars, positively impacting the construction industry and their companies. […]
Shuttered Venue Operators Grant Program Opens April 8
AAFCPAs would like to make clients aware that the U.S. Small Business Administration (SBA) will accept applications for the Shuttered Venue Operators Grant (SVOG) program beginning April 8th, 2021. Eligible entities include live venue operators or promoters, theatrical producers, live performing arts organization operators, museum operators*, motion picture theater operators, and talent representatives. *The Act […]