Topic
Essential Questions CFOs Must Ask When Choosing an Accounting or ERP System
CFOs often in their careers encounter a time that they need to find a new accounting or ERP system because their current system becomes outdated, inefficient, or unable to support their growing needs. Other factors such as mergers, compliance changes, integration issues, and strategic initiatives can also prompt the search for a new system. Must-have […]
Recent Ruling Elevates Privacy of Holdings in Massachusetts Trusts
AAFCPAs and AAF Wealth Management would like to make clients aware of a recent ruling that makes Massachusetts an attractive jurisdiction for clients looking to create a trust for future generations while still keeping its holdings private. This could be especially beneficial for older generations looking to create a trust for younger generations without disclosing […]
Making the Shift from Static to Dynamic Budgeting
During AAFCPAs’ Nonprofit Educational Seminar (April 2023), Business Process & IT Consulting leaders Robyn Leet and Dawn M. Pantano, CPA, CITP updated 400+ CFO and Executive Director attendees on ways nonprofit budgeting software can save time, enhance collaboration, boost decision making year-round, and significantly improve productivity. The full session was recorded and may be viewed […]
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’ […]
Is tech sprawl hurting your business?
Technology is designed to make our lives easier with real-time insights, analytics, and collaboration and communication tools. This is instrumental in managing on-site teams as well as today’s remote and hybrid workforce. But how much is too much? In an attempt to support various preferences, many companies have become weighed down with too many SaaS […]
What Plan Sponsors Need to Know About SECURE 2.0
During AAFCPAs’ recent Nonprofit Seminar (April 2023), Employee Benefit Plan Practice leaders Davide Villani, CPA, CGMA and Shawn P. Huxley, CPA, MSA updated more than 400 attendees on SECURE 2.0 and how it affects plan sponsors. Building on the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019, SECURE 2.0 is designed to […]
Unveiling the Power of RPA: Success Stories and Use Cases
During AAFCPAs’ recent Nonprofit Seminar (April 2023), Vassilis Kontoglis, Partner, Analytics, Robotic Process Automation & IT Security, briefed more than 400 attendees on the indisputable benefits of Robotic Process Automation (RPA) while offering a few real world case examples. The full session was recorded and may be viewed as a webcast at your convenience. >> […]
Federal Financial Aid Eliminates Sibling Discount in 2024-2025
A change to the federal financial aid formula arising from The Consolidated Appropriations Act of 2021 is set to eliminate a break that previously helped parents with two or more children in college. Currently, the Education Department divides the expected family contribution by the number of students attending college per family to determine student aid […]