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House Passes Agreement to Repeal Tax on Nonprofit Parking, Transportation Fringe Benefits

House Passes Agreement to Repeal Tax on Nonprofit Parking, Transportation Fringe Benefits

AAFCPAs is excited to share with our nonprofit clients and their dedicated employees, on December 17, 2019, the House of Representatives passed an agreement (cited as the Taxpayer Certainty and Disaster Tax Relief Act of 2019, originally introduced in June 2019), which includes much welcomed provisions to repeal the tax on nonprofit transportation fringe benefits […]

What Happens If I Live a Long Life and Need Long Term Care?

People consider the financial and emotional cost of long-term care only after a close friend or family member is impacted by chronic illness. The good news is we are living longer lives. The bad news is statistics show many of us will require long-term care—despite our human nature to believe otherwise. AAFCPAs Wealth Management encourages […]

Do’s and Dont’s for Cannabis CPAs

Do’s and Dont’s for Cannabis CPAs

CPATrendlines.com | Kevin Michaelan, CPA, MST, director of AAFCPAs’ cannabis practice, offers CPA Trendlines insights into some of the technicalities of accounting for cannabis businesses. (subscriber content)

AAFCPAs Announces Joel Aronson Character Award and 1st Recipient

AAFCPAs Announces Joel Aronson Character Award and 1st Recipient

In recognition of the tremendously positive impact Joel has had over his 45 years of employment as Partner of AAFCPAs and Founder of AAFCPAs Wealth Management, we are honored to announce the Joel Aronson Character Award. This Award and accompanying $1000 gift will be given annually to the AAFCPAs team member who best epitomizes Joel’s […]

Accounting Considerations for Nonprofits with Donor Advised Funds (DAF)

It has been reported recently that charitable giving had its largest decline since the 2008-2009 financial crisis, citing circumstances such as 2018 tax law changes as one reason for the decline. In a blog published in August 2019, AAFCPAs Wealth Management outlined charitable giving strategies donors should consider in order to maintain charitable goals while […]

Planning for 2020: which catalysts will shape opportunities?

Planning for 2020: which catalysts will shape opportunities?

Cannabis executives can reflect back on 2019 as a year of swift change — and they can expect more of the same in 2020. Regulatory shifts are anticipated, and financing will be in flux across the industry. When planning for the near term, the more data executives can gather, the better. Executives and investors eyeing […]

Membership Organization Revenue Management and Predictive Analytics

With the onset of the Financial Accounting Standards Board’s (FASB) Accounting Standard Update (ASU) 2014-09, Revenue from Contracts with Customers, (ASC Topic 606) membership organizations face a complex accounting exercise when answering: What value are members receiving? The value question proves extremely complex when applying the five-step approach outlined in the new revenue standard—specifically, step […]

Happy Holidays from AAFCPAs!

All of us at AAFCPAs wish you and your family a joyful holiday season and a wonderful new year filled with prosperity and peace! About the Video: AAFCPAs participated again this year in #GivingTuesday, December 3rd, 2019, a global generosity movement! We constructed our Giving Tree wall display in our Westborough office which features individual leaves […]