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From the Desk of Andy Hammond
I’ve been honored by the opportunity to set clients’ minds at ease on a couple of points this year. It has been a turbulent economic time out there, and we get a lot of questions about the impact on our lives. First and foremost: if you have questions, you’re not alone. Clients from all walks […]
Mass AG Amends Form PC Filing Requirements
On May 31, 2023, Massachusetts Attorney General Andrea Joy Campbell enacted several important changes to the state charity filing, the Form PC. AAFCPAs has highlighted the changes below and how they will affect Massachusetts nonprofit organizations. Mandatory Filing of Form PCs through Online Charity Portal Effective September 1, 2023, all Form PC filings which are […]
QuickBooks Desktop 2020 Service Discontinued
In a recent announcement, Intuit provided details about their discontinuation of QuickBooks Desktop 2020 service, effective May 31, 2023. This includes all 2020 versions of QuickBooks Desktop Pro, QuickBooks Desktop Premier, QuickBooks Desktop for Mac, and QuickBooks Enterprise Solutions 20.0. Other Intuit products are affected by the software discontinuation. Those who didn’t upgrade QuickBooks Desktop […]
Optimize Your New ERP or GL System
Change is never easy. But as businesses evolve and leadership are pressed to maintain lean operations amid mounting cost constraints, adaptation becomes necessary. Optimizing your technology is no exception. Take Enterprise Resource Planning (ERP) and general ledger systems implementation, for example. Driven to get the greatest return for our investment, we commit a huge amount […]
AAFCPAs Recommends Common Sense Precautions After Spoofed Email
AAFCPAs was recently informed that one of its email accounts had been spoofed, i.e., an outside party impersonated the company while sending spam. Consequently, some individuals may have received an email that appeared authentic but contained inappropriate or spam-like content or promoted products or services that we do not sell. We want to assure you […]
IRS Strategic Focus Area: Small Exempt Organizations that Sponsor Retirement Plans
As part of its 2023 strategic goals, the IRS plans to review retirement plans of small exempt organizations to determine whether the plan investments are properly administered, whether there are any party-in-interest transactions in the plan trust, and whether any participant loans violate Internal Revenue Code (IRC) Section 72(p). In this webcast, recorded April 2023 […]
Understanding Secure 2.0, and how it Affects Plan Sponsors
SECURE 2.0—so-called because it builds on the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019—is legislation designed to substantially improve retirement savings accounts, including 401(k)s and 403(b)s, in the U.S. There’s a host of provisions in the bill and in this webcast, recorded April 2023 at AAFCPAs’ Nonprofit Educational Seminar. AAFCPAs’ Employee […]
AAF Wealth Management’s Investment Outlook
Secure 2.0 is designed to strengthen the retirement system and Americans’ financial readiness for retirement. However, it’s impossible to ignore our account balances as they swing up and down. AAF Wealth Management helps guide clients through periods of volatility. In this session, recorded April 2023 at AAFCPAs’ Nonprofit Educational Seminar, we provide valuable perspective on […]
What is Robotic Process Automation, Anyway?
Accounting transformation is driven by people who envision what’s possible. If you understand the power of RPA, you can make a list a mile long of potential transformations in how we do our work. In this webcast, recorded April 2023 at AAFCPAs’ Nonprofit Educational Seminar, Vassilis Kontoglis from AAFCPAs’ Business Process & IT Advisory Practice […]