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AAF Intern Blog: James Masison
*James Masison, MBA interned at AAFCPAs in the summer of 2015 (at the time this blog was written), and he joined the firm full time in the Spring of 2016. In the fall of 2016 until Spring 2017, James worked part time at AAFCPAs while simultaneously earning his MBA from Assumption College. He serves diverse […]
AAF Intern Blog: Ali Williams
*Alison Williams interned at AAFCPAs in the summer of 2015 (at the time this blog was written), and she joined the firm full time in June 2016. She serves diverse nonprofits, but is most actively involved as a member of AAFCPAs’ Healthcare Practice serving community health centers, and human and social service providers. Ali adds “I’m […]
AAFCPAs highlights key items new to Head Start eligibility standards
In March, 2015, the Office of Head Start, an office of the U.S. Department of Health and Human Service (HHS), Administration for Children and Families, issued updated performance standards for Head Start programs. AAFCPAs reminds our clients that the updated standards will be utilized in Head Start monitoring visits beginning October 1, 2015. AAFCPAs offers […]
AAF Intern Blog: Alex Frieband
Alex Frieband, Intern for summers 2014 and 2015: It was during my internship this summer in which I truly realized what I want to do with my career. At AAF I was given the opportunity to gain experience and exposure in both audit and tax. Throughout the summer I was scheduled to assist on various […]
EOHHS 3.75% Payment Contracts: AAFCPAs advises on where and how to record quarterly payments
Human & social services providers who do not yet have a regulation establishing a rate of payment for certain social services programs are now beginning to receive their expected quarterly payments from the Executive Office of Health and Human Services (EOHHS) for programs affected by Chapter 257. Where and how do providers record payment? Purchase […]
Massachusetts Sales Tax Holiday Authorized for August 15-16, 2015
The Massachusetts legislature and Governor Charlie Baker have again authorized a Sales Tax Holiday for the weekend of August 15-16, 2015 for items costing less than $2,500. A Technical Information Release (TIR 15-7) providing retailers and consumers with specific rules and guidance on the implementation and operation of the holiday has been released by the […]
The Required Charter School Management’s Discussion & Analysis (MD&A)
Is Your MD&A Living Up to the Valuable Document It Was Intended to Be? As you close the books on another fiscal year, and begin to prepare for your annual audit, AAFCPAs advises our Charter School clients to take some time now to review the content of your Management’s Discussion and Analysis (MD&A). In order […]
Massachusetts Earned Sick Time Law Effective July 1, 2015
This is a reminder that, effective July 1, 2015, Massachusetts’ Earned Sick Time law (M.G. L. c. 149, §§148C and 148D) requires employers who employ eleven or more employees to provide their Massachusetts employees with up to 40 hours of job-protected sick time annually. AAFCPAs thought you may benefit from this summary. Full time, part-time, […]
What for-profits and nonprofits can learn from each other
For-profits and nonprofits both battle for their bottom lines – and are more similar than commonly believed. Indeed, successful for-profits and nonprofits can both benefit from certain best practices, regardless of their mission and industry. Consider results from the Nonprofit Finance Fund’s annual State of the Sector survey, which explores the challenges faced by nonprofits. […]