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Seminar Recap: Unlocking the CFO’s Role in Digital Transformation
During AAFCPAs’ recent Nonprofit Seminar (April 2024), Robyn Leet and Joyce Ripianzi, CPA briefed approximately 400 attendees on ways CFOs can unlock digital transformation within their organization. The full session was recorded and may be viewed as a webcast at your convenience. >> Faced with resource constraints, nonprofit organizations are driven to keep operations lean […]
Wendy Smith Earns Netsuite ERP Consultant Certification
AAFCPAs is pleased to announce that Wendy Smith, CPA, Consulting CFO, Process & Systems has earned the Netsuite ERP Consultant Certification, which offers AAFCPAs’ clients accredited, expert-level NetSuite support. This certification enables faster and smoother NetSuite implementations, the seamless addition of functionality and modules, and the easy adoption of new releases. Additionally, it ensures that […]
Seminar Recap: Decoding RPA for CFOs
During AAFCPAs’ recent Nonprofit Seminar (April 2024), Vassilis Kontoglis and Ryan K. Wolff, MBA briefed approximately 400 attendees on the ways in which nonprofit executives can harness RPA for financial automation. The full session was recorded and may be viewed as a webcast at your convenience. >> Robotic Process Automation (RPA) is transforming finance, accounting, […]
Market Volatility: What You Need to Know
In an ongoing commitment to keep you abreast on a range of issues that might affect your business, AAFCPAs is pleased to share insights published by AAF Wealth Management, a wholly owned subsidiary of AAFCPAs. The stock market has experienced significant volatility in recent weeks. After reaching a high in mid-July, the S&P 500 has […]
IRS Shares Five New Warning Signs of Incorrect ERC Claims
The IRS has released five new warning signs to help businesses prepare for upcoming actions against improper Employee Retention Credit (ERC) claims, urging businesses to act proactively to resolve those to avoid penalties, interest, and audit. The agency advises that businesses consult with trusted tax professionals to review and correct any claims initially filed by […]
Estate Tax Exemption Could Decrease to $6M on January 1, 2026
Editor’s Note (December 13, 2024): Following the U.S. election, the federal estate tax exemption remains scheduled to decrease from $13.61 million to $6 million on January 1, 2026. While the new administration may extend this deadline, effective planning is still essential. Strategic gifting through trusts, for example, can lock in current asset values and shield […]
IRS Provides Update on Employee Retention Credit (ERC)
AAFCPAs would like to make clients aware that, on June 20, 2024, the IRS announced its plans to deny tens of thousands of improper, high-risk Employee Retention Credit (ERC) claims. Concurrently, the agency is processing a new round of lower-risk claims using insight gleaned from its initial review to expedite payments to taxpayers who filed […]
Seminar Recap: Accounting Standards Updates for Nonprofits
During AAFCPAs’ recent Nonprofit Seminar (recorded live, April 2024), Matthew Hutt, CPA, CGMA, Amy Staunton, CPA, and Jennifer A. L’Heureux, CPA briefed approximately 400 attendees on the latest applicable accounting standards updates (ASUs) and how they affect nonprofit organizations. What we covered: The full session was recorded and may be viewed as a webcast at […]
AAF Wealth Management Q2 2024 Market Insights
Note: These market insights were written prior to the weekend’s events. We express our sincere condolences to victims of last weekend’s assassination attempt on Donald Trump in Pennsylvania. It is another unfortunate example of the uncertainties we face on a global scale. We reaffirm our commitment to our core values of compassion, community care, and […]