Topic
AAFCPAs Invests in Solution to Streamline Indirect Tax Compliance
Boston (December 9, 2022) – AAFCPAs, a leading CPA and Consulting firm based in New England, today announced its recent strategic partnership with Synexus Tax Solutions, to help clients simplify and streamline state tax compliance. AAFCPAs now combines our years of tax expertise with new state-of-the art technology to deliver multistate indirect tax compliance so […]
Client Success Story: Robotic Process Automation
How MGCC Distributed ~$700 million to 15,000+ Small Businesses in ~4 Months Massachusetts Growth Capital Corporation (MGCC) was charged with standing up a new program to quickly deliver an unprecedented amount of relief to small businesses across Massachusetts impacted by the pandemic. Background Since 2020, MGCC has proudly been the administrator for multiple pandemic relief […]
Year-end planning: focus on budgets and tax for cannabis operators
Cannabis Business Executive (November 22nd, 2022) – As we approach the close of a turbulent year, cannabis operators have an opportunity to establish a strong finance and tax strategy heading into 2023. You can enter the year from a position of strength by focusing on tax planning, tax compliance, and budgeting to ensure healthy cash […]
Data-Driven Insights for Construction Executives
AAFCPAs invites construction executives to attend a 1-hour webinar on December 7th at 1pm to learn how to leverage data-driven insights to find efficiencies and protect their profits. Dr. John Killingsworth from Colorado State University joins Kevin Bright from ProNovos for a discussion on leveraging construction analytics to create a financial dashboard. The discussion will […]
Inflationary Pressures on the Decline
Over the past two weeks, economic data have pointed to what may be a change in the stifling inflationary pressures we’ve become accustomed to over the past 2 years. CONSUMER PRICE INDEX RELEASE LEADS TO OPTIMISM… Last Thursday’s release of the Consumer Price Index (CPI) readings from the Bureau of Labor and Statistics (BLS) noted […]
Schools Eligible for the Employee Retention Credit
AAFCPAs would like to remind independent schools of the availability of the Employee Retention Credit (ERC). The ERC provides significant refundable payroll tax credits to eligible employers for both the 2020 and 2021 tax years. It is not too late to submit a claim for the ERC! WHAT IS THE EMPLOYEE RETENTION CREDIT? The ERC […]
Massachusetts Millionaire’s Tax
On Election Day, November 8th, Massachusetts voters approved Question 1 to amend the state constitution and establish an additional 4% surtax on taxable income in excess of $1 million dollars. Millionaire’s Tax Facts We expect more information from the Department of Revenue in the coming weeks. How May We Help? There are several situations that […]
How to Use This Year’s Market Tumble to Reduce Your Tax Bill
Barron’s Magazine (November 13th, 2022) – This year’s market mayhem could shave your tax bill for years to come. AAFCPAs’ Partner & Tax Attorney Joshua England, LLM, Esq. was interviewed by Barron’s magazine on tax strategies in a down market. (This is subscriber-only content.)
Inflation Reduction Act Benefits Affordable and Low-Income Housing Developers
AAFCPAs would like to make real estate clients aware of important credits and incentives defined in the Inflation Reduction Act (IRA). One of the key takeaways of the IRA for real estate developers in the renewable energy sector is the 10-year extension of the Investment Tax Credit (ITC) under Section 48 while increasing the credit […]