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From The Desk of Kevin Hodson
During the past few months, we’ve been reviewing client accounts for tax strategies, i.e., losses, and preparing for Q3. I’ve also been having great conversations with clients about the direction of interest rates and inflation. In short, there’s been little movement. The Fed is keeping interest rates at their current levels and projecting just one […]
Client Success Story: Global Nonprofit Saves 800+ Hours of Manual Data Input Annually with Automation
Discover how our innovative robotic process automation (RPA) solutions transformed our client’s payroll operations, delivering unprecedented efficiency and accuracy—an essential read for any organization looking to streamline processes and boost productivity. Client Success Story AAFCPAs’ client, a regional branch of a global nonprofit, relied on a manual payroll maintenance process when capturing employee status changes […]
From The Desk of Andrew Hammond
Voices in this industry, wealth management, encourage you to save as much as possible and never spend. It is predicated on getting investors to believe a narrative that you’ll never have enough. But so many of my clients, once they save enough for retirement and legacy plans, don’t give themselves permission to enjoy it. It’s […]
From The Desk of Carmen Grinkis
I recently returned from the Northern California Financial Planning Conference held in San Francisco. I participate in continuing education opportunities on a routine basis, and this trip was a special treat—known as one of the best in the country and attended by more than 1,000 planners across the U.S. This year’s conference focused heavily on […]
From The Desk of Jonathan Bloom
I often reflect on my role in helping clients navigate not just retirement but all of life’s many transitions—like changing jobs, welcoming kids or grandkids, or exiting their business. These moments carry both financial and emotional weight, and I aim to make these transitions as smooth as possible. My goal is to support clients comprehensively—providing […]
Use Tax Audits on the Rise
AAFCPAs would like to make clients aware that there has been an increase in the number of use tax audits being conducted in various states. As jurisdictions look to increase tax revenue, use tax audits may be considered a simple way to drive revenue through tax collections, penalties, and interest. What is use tax? While […]
AAFCPAs Provides the Technical Blueprint To Unite a Portfolio of Vertically Integrated Entities
When a multifaceted and rapidly expanding energy resource company grew to the point that it was challenged to maintain its general ledger, client billing, and project management functions, the company was faced with a choice. It would need to either hire additional personnel or pursue digital transformation. But digital transformation required time, dedication, and insight […]
Response Divided on New 340B Legislation
AAFCPAs would like to make clients aware that legislation designed to overhaul the 340B program was recently introduced. This legislation, previously coined the 340B Affording Care for Communities and Ensuring a Strong Safety-Net Act (340B ACCESS Act), seeks to establish new transparency and oversight requirements and capture policy principles agreed upon in the Alliance to […]
U.S. Department of Labor Issues Final Rule on Employee vs. Independent Contractor Classification
AAFCPAs would like to make clients aware that the U.S. Department of Labor issued its final rule on employee versus independent contractor classification under the Fair Labor Standards Act. Effective March 11, 2024, this final rule provides guidance on how employers determine employee versus independent contractor status. Relying on a multifactor economic reality test, the […]