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Charter Schools Not Exempt from MA Paid Family and Medical Leave Law
AAFCPAs would like to make charter school clients aware that the Massachusetts Department of Family and Medical Leave recently issued a policy clarification related to certain excluded employers of the new Paid Family and Medical Leave (PFML) law. Municipalities, districts, political subdivisions, and other agencies are excluded from PFML law unless they choose to opt-in. […]
Hosting Service and Auditor Independence
AAFCPAs would like to make clients aware that the AICPA’s Professional Ethics Executive Committee (PEEC) has issued a new interpretation of AICPA’s independence rule, Hosting Service. The new interpretation, effective July 1, 2019, applies specifically to CPA firm attest clients and prohibits CPA firms from providing Hosting Services to these clients. As you may know, […]
AAFCPAs’ 2-Part Tax Planning Webinar Series Highlights Tax-Reduction Strategies Available Under the TCJA
As we approach the second tax filing season under the monumental Tax Cuts & Jobs Act (TCJA), we now have a clearer and broader view of what the future holds for businesses, individuals, tax exempt and government entities. This view includes insight into opportunities and pitfalls to consider for 2019-2020. To help you familiarize yourself […]
Viewpoint: Nonprofits should stay vocal about transportation 'tax'
Boston Business Journal | “Organizations are tax-exempt for a reason: to optimize their abilities to benefit society,” says Carla McCall, CPA, CGMA, AAFCPAs’ Co-Managing Partner. In this op-ed, Carla urges nonprofits to participate in the survey to show Congress how detrimental the original provision in the TCJA was to their mission.
Common Social Engineering Cyber Attacks and Prevention Strategies
What Is Social Engineering & What Are the Risks? The human component of cybersecurity is the weakest link in protecting your organization against external threats. Recently, social engineering attacks have become the most prevalent type of threat within reported cyber breaches. Social engineering is a malicious activity in which bad actors produce items such as […]
AAFCPAs Announces Client Recipient of Our Drawing to Attend the BBJ CFO of the Year luncheon!
Congratulations to AAFCPAs’ client: Eric Chatman, CFO at Housing Partnership Network. Eric is the lucky winner of our random drawing for a complimentary ticket to attend the Boston Business Journal’s CFO of the Year Awards luncheon program! AAFCPAs is a proud SPONSOR for the 11th Annual BBJ CFO of the Year Awards, and Eric is […]
AAFCPAs to Present FEI-Boston’s 2019 Ethics Symposium
AAFCPAs’ Jeffrey Mead, CPA, CGMA and Olga Yasinnik, MBA, CPA will present a 4-hour ethics CPE course on Building Ethical Management & Culture at FEI-Boston’s June 20th Ethics Symposium. This course is based on the AICPA Code of Professional Conduct and will cover the conceptual framework, as well as the rules and interpretations applicable to […]
Highlights from FEI-Boston’s March 2019 Executive Event
FEI-Boston’s March 2019 Executive Event was an extraordinary success this morning at the Federal Reserve Bank of Boston! “I was delighted to be selected to moderate this distinguished panel of senior investment strategists, which featured thought provoking discussion and an engaged audience full of questions,” said Andrew Hammond, Partner, AAFCPAs Wealth Management. What Did We Learn […]
New Partnership Level IRS Audit Rules in Effect
AAFCPAs would like remind clients that, effective for tax years beginning after December 31, 2017, the IRS has instituted new centralized partnership audit rules under the Bipartisan Budget Act (BBA) of 2015. As mentioned in a prior blog, these rules introduced the role of a Partnership Representative and provide for the assessment and collection of […]