Industry
Cost Center Coding Strategies for Effective Grant Reporting
For complex human and social services providers, managing grants and ensuring compliance can often feel like navigating a labyrinth. One effective strategy to simplify this process is through cost center coding. AAFCPAs provides the following detailed guidance on how to leverage cost center coding to streamline grant reporting and maintain compliance. Design Your Cost Centers […]
Estate Tax Alert: Protecting Assets from the 2026 Exemption Reduction
AAFCPAs advises clients to consider proactive strategies to shield their assets now from steep tax liabilities should the estate tax exemption be left to decrease to $7 million on January 1, 2026. Now is the time for high-net-worth individuals to consider wealth transfer and gifting strategies that can help you maintain control while also locking […]
Secure Your 2024 Tax Savings – Watch Our Cannabis Tax Webinar
Webinar: Tax Planning for Cannabis Operators AAFCPAs invites you to watch our 2024 Tax Planning for Cannabis Operators webinar. This session is designed to help cannabis business owners navigate the complexities of 280E and maximize tax efficiency. Details: Explore tax considerations unique to the cannabis industry, including the ‘taxing’ 280E, with guidance on navigating regulations […]
OSD Procurement Regulations Related to Environmentally Preferable Products
AAFCPAs would like to inform our health and human services clients that the Operational Services Division (OSD) of Massachusetts is planning to amend 808 CMR 1.00 to include provisions and requirements related to Environmentally Preferable Products (EPPs). While these amendments are currently in the early stages and OSD is soliciting feedback, their implementation appears imminent. […]
MA Nonprofit Annual Report Due by Nov 1
AAFCPAs reminds clients that every nonprofit corporation organized under the laws of the Commonwealth of Massachusetts must file a nonprofit annual report with the Corporations Division on or before November 1st of each year. Failure to file can lead to a loss of good standing as a corporation in Massachusetts. Learn more here: https://www.sec.state.ma.us/cor/corpweb/cornp/npfrm.htm
Navigating New York Medicaid Reimbursement: A Strategic Approach for FQHCs
Like many Federally Qualified Health Centers (FQHCs) across the country, New York’s centers are grappling with increasingly constrained budgets and rising staffing costs, making Medicaid reimbursements more critical than ever to sustaining their services. New York’s Medicaid system offers a key opportunity, providing FQHCs with the ability to apply for supplemental payments that cover costs […]
Enhancing Reporting Capabilities With Integrated Systems
For CFOs and financial leaders within the Health and Human Services sector, the challenge of managing and reporting on diverse programs funded from various sources is a significant one. Accurate and efficient reporting is essential but often hampered by data spread across multiple, disconnected systems. AAFCPAs provides the following guidance on how integrating these systems […]
Cannabis & Cybersecurity: AAFCPAs at the NY Cannabis Convention
Cannabis Operator Financial Tech & Cybersecurity: Mastering Financial Excellence and Security AAFCPAs Janice O’Reilly, CPA, CGMA, Partner and David McManus, CPA, CGMA, Tax Partner & National Cannabis Practice Leader have been invited to speak at this year’s New York Cannabis & Hemp Convention. Hosted by NECANN, the event is the only expo focused exclusively on […]
Seven Ways to Improve Health Center Financial Stability
Health centers are challenged with post-pandemic funding cuts, inflation, and difficulties attracting and retaining top talent amid a competitive hiring market. These factors strain operating budgets, making it necessary to adopt a proactive and strategic financial management approach. AAFCPAs advises that Federally Qualified Health Center (FQHC) clients evaluate their financial health and operational efficiencies, focusing […]