New state conformity rules will affect when Massachusetts businesses may claim certain federal tax benefits. Understanding the implementation timeline now may help organizations identify planning...
Watch AAFCPAs’ consulting attorneys share strategies for navigating lobbying rules, understanding the 501(h) election, and protecting your organization’s tax-exempt status during challenging times in this...
In an April 23, 2026 press release, the U.S. Department of the Treasury announced that the Internal Revenue Service plans to revise Form 990. The...
For families focused on long‑term wealth planning, Trump Accounts, a newly introduced federal children’s savings program, now offer tax-advantaged long-term savings opportunities for children under...
The Government Accounting Standards Board (GASB) has issued Statement 103, Financial Reporting Model Improvements, introducing meaningful changes to how government entities present their financial information....
Washington state has taken a notable step in reshaping its tax structure. A new law establishes a 9.9 percent tax on Washington adjusted gross income...
The Massachusetts Center for Health Information and Analysis (CHIA) issued the FY 2025 Community Health Center (CHC) Cost Report on May 8, 2026. AAFCPAs would...
Over the past year, many taxpayers with disallowed Employee Retention Credit (ERC) claims have found themselves waiting, often longer than expected, for the IRS to...
Cannabis businesses may gain access to tax deductions and strategies long restricted under federal law. This shift requires careful reassessment of cash flow, accounting positions,...
