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The Massive Retiree Wave Demands Manufacturers Embrace Planning

Posted By Administration, Wednesday, July 19, 2017

Industry Week | AAFCPAs' partner Jack Finning offers guidance for company owners preparing for a sale or transfer of leadership. "They must be able to clearly and effectively communicate with the next generation about how to best steer the organization through these choppy waters."

 

The massive wave of boomer retirees is pressuring leaders from the manufacturing industry to both properly address their pending succession plans and devise a system to retain and attract new leaders from younger generations. In an environment charged with uncertainty, boomers are tasked with presenting a compelling case for the new guard to stay in — and lead – the industry.

 

Read more here.

 

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AAFCPAs Podcasts

Posted By Administration, Thursday, July 6, 2017

 

AAFCPAs is excited to announce the release of our 8-part educational podcast series offering actionable takeaways for organizations to improve efficiency, effectiveness and performance controls. This collection of podcasts is the 2nd series of recordings from AAFCPAs’ Annual Nonprofit Educational Seminar. These podcasts, and accompanying introductory videos, feature full audio of thought-provoking sessions recorded on May 3rd, 2017 in front of a live audience of 300+ nonprofit executives and board members.  Several sessions may be equally valuable to AAFCPAs’ commercial company clients.

 

Podcasts are available for download to your computer or smart phone for flexible and convenient listening on-demand, and on the go.  Not sure which one to listen to first?  Watch a 1-minute introductory video clip of each topic and enjoy! https://www.aafcpa.com/podcasts/

 

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AAFCPAs brings on new Chief Financial Officer, Greg Bielski

Posted By Administration, Wednesday, June 21, 2017

 

Contact: Kristina Markos

Longview Strategies

978.225.9251

kmarkos@longviewstrategies.com



FOR IMMEDIATE RELEASE:

 

AAFCPAs brings on new Chief Financial Officer, Greg Bielski

 

Westborough, Mass. (June 20, 2017) - AAFCPAs, a best-in-class accounting firm known for assurance, tax and advisory solutions, recently announced Greg Bielski joined the firm as its Chief Financial Officer (CFO).

 

With over 30 years of comprehensive financial management experience, he served as a CFO and finance executive for entrepreneurial commercial businesses in previous positions.

 

“Greg has demonstrated an ability to deliver exemplary strategic financial guidance over the course of his career,” said Dave McManus, co-managing partner at AAFCPAs. “His extensive experience and leadership will keep AAFCPAs strong in our own practices as well as in our work with clients and partners. We’re thrilled to have him on board as we continue our aggressive growth.”

 

Over the past three decades, Greg has demonstrated a keen ability to strengthen financial reporting, streamline operations and drive profitability. He brings to his role at AAFCPAs a proven track record of controlling costs and expenses, optimizing tax, managing compliance and financial risks, and optimizing IT performance for growth opportunities.

 

Greg is responsible for executing the firm’s financial strategy, and his diverse talents will contribute to and guide the firm’s continued & sustainable growth.

 

A Bentley University alumnus, Greg serves his community by volunteering as Chair of the Membership Involvement Committee for Financial Executives International (FEI) - Boston Chapter and is Treasurer for the Broomstones Curling Club in Wayland, MA.

 

To learn more about Greg Bielski, CFO, click here.

 

About AAFCPAs:

 

AAFCPAs is an attractive alternative to the Big 4 and National CPA firms. The firm provides best-value assurance, tax, accounting, and business & IT advisory solutions to nonprofit organizations, commercial companies, and wealthy individuals/estates. Since 1973, AAF’s sincere approach to business and service excellence has attracted discerning clients along with the best and brightest CPA and consulting professionals. AAF donates 10% of its net profits annually to nonprofit organizations.

 

AAFCPAs is an independent member of PrimeGlobal, Inc. This provides seamless national and global reach for our clients, as well as access to the resources of the fourth largest CPA firm association in the world. Our pay-as-you-use model is considered advantageous by our diverse clients who appreciate exceptional value.


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AAFCPAs Participated in 7th Annual MSCPA Day of Service

Posted By Administration, Monday, June 19, 2017

 

Contact: Kristina Markos

Longview Strategies

978.225.9251

kmarkos@longviewstrategies.com

 

 

 

FOR IMMEDIATE RELEASE:

 

AAFCPAs Participated in 7th Annual MSCPA Day of Service

Employees volunteered at Operation Playhouse and Nevins Farm

 

Westborough, Mass. (June 16, 2017)- AAFCPAs, a best-in-class public accounting firm known for assurance, tax and advisory solutions, announced today their participation in the Massachusetts Society of Certified Public Accountants’ (MSCPA’s) 7th Annual Day of Service on June 15th. Two teams of AAFCPAs’ staff volunteered with the Massachusetts Society for the Prevention of Cruelty to Animals (MSPCA-Angell) at the organization’s Nevins Farm location, and with Habitat for Humanity MetroWest/Greater Worcester Chapter (HFH MWGW) as an Operation Playhouse sponsor.

 

For Operation Playhouse, AAFCPAs employees honored a local veteran’s family at the company’s Westborough office. Under the supervision of HFW MWGW, the team designed, built and decorated a military-themed playhouse for Kaelyn (9) and Aubrey (6), whose dad proudly serves in the Marines. Also, the Westborough-based accounting firm donated $2,500, covering the costs of material and staff support, and to further Habitat’s mission of building homes, communities and hope.

 

“Volunteer experiences allow us to view the world around us through a different lens,” said Kerrie Gondola, founder and leader of AAFCPAs’ Volunteer Committee.  “Yesterday, we got to view the day through Kaelyn and Aubrey’s eyes, as we unveiled their custom made, military-themed playhouse. Further, we are proud to honor their father, Jon, for his service.”

 

At Nevins Farm, AAFCPAs volunteers mucked stalls and barn cages, and helped Nevins’ staff relocate items into the Farm’s newly renovated loft space.

 

“Working manual labor on a farm today with 15 colleagues from AAFCPAs was an incredibly rewarding and memorable experience,” said Matthew Boyle, partner at AAFCPAs. “In addition to the welcome change of pace and scenery, we enjoyed the MSPCA staff and volunteers who inspired us with their enthusiastic love of all animals, nature, and life.”

 

“We provide all of our employees with one paid day of service per year so they may feel empowered to make community service a priority in their life,” said David McManus, co-managing partner at AAFCPAs. “The AAFCPAs’ motto, great minds, great hearts, reflects our 40+ year legacy of genuine care for our community enriching others with our work in a way that ensures our lives are making a positive difference in the world.”

To learn more about AAFCPAs 10% Back to Nonprofits program click here.

David Hamilton from HFH MWGW encourages those who wish to be considered a beneficiary of a future custom made playhouse, to contact him here: david.hamilton@habitatmwgw.org or 508-799-9259 ext. 119

 

About AAFCPAs:

 

AAFCPAs is an attractive alternative to the Big 4 and National CPA firms. The firm provides best-value assurance, tax, accounting, and business & IT advisory solutions to nonprofit organizations, commercial companies, and wealthy individuals/estates. Since 1973, AAF’s sincere approach to business and service excellence has attracted discerning clients along with the best and brightest CPA and consulting professionals. AAF donates 10% of its net profits annually to nonprofit organizations.

 

 

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5 Tips for Managing Conflict in the Workplace

Posted By Administration, Monday, June 5, 2017

We’re all human, and as long as we don’t turn into robots, it’s inevitable we’ll occasionally experience conflict in the workplace. But as managers of finance and accounting teams, wouldn't you prefer to oversee an environment where coworkers don’t clash, friction doesn't escalate into headbutting and everyone works to their full abilities?

 

In an Accountemps  survey, CFOs said they spend six hours a week, on average, managing conflicting parties on their staff. Some of the executives (17 percent) say they spend a quarter to more than half of their precious time dealing with conflict in the workplace.

Sound familiar? Just think what you could do with that six hours a week if you didn't have to manage all those disagreements that erode into discord. Follow these five ways to encourage your workers to get along with others in the office:

1. Promote the flow of communication

Putting your head in the sand really doesn't help when there’s conflict in the workplace. Problems rarely resolve themselves on their own and can even become worse if they’re not addressed. So be proactive.

Encourage those on your team who are having difficulty with a coworker to get their disagreements out in the open while they’re still small. Here are some hints you can offer them:

  • Ask your coworker with whom you’re not seeing eye to eye to name a time when it would be convenient for the two of you to meet, in a place where you won't be interrupted.
  • After laying out your point of view on the issue, listen carefully to what the other person has to say, show empathy, avoid interrupting, and ask questions to clarify what was said.  
  • Identify points of agreement and disagreement, and ask if your coworker agrees with your assessment.
  • Express your desire to work out a solution and discuss ways to resolve your conflict.

2. Practice what you preach      

Managers, of course, need to lead the way with communication. Here are some suggestions executives have to prevent conflicts while building rapport with their teams and colleagues:  

  • Don’t take yourself too seriously.
  • Take an interest without participating in office politics.
  • Nip rumors in the bud by offering accurate and up-to-date clarifications.
  • Project an image of professionalism and good etiquette.
  • Respect unique points of view, and don’t criticize others publicly.
  • Check in regularly, and show how you value other people’s input.
  • Be honest, reliable and direct with your communication style.
  • Build your relationships by inviting others to coffee or lunch outside of the office.

3. Let your team know you can help 

A critical component of leadership  is developing a sense of what's important for you to do in times of stress.

First of all, tell your employees that if they find themselves in over their head, or if they’ve tried to resolve a conflict and the negative behavior continues to impede their work, they can talk to you. As a higher-up in your organization, you can provide recommendations and bring in another manager or someone from human resources mediation.

Some suggestions for helping people work together:

  • Use your best  listening skills  so you can readily identify their concerns and the root cause of the problem, 
  • Encourage the two sides to put aside their differences and find common ground — such as the desire to help the company to succeed.
  • Make it clear that their cooperation is required, and then continue to monitor the situation so the issue doesn’t fester and become worse.

When people believe their voices will be heard, they are more likely to perform at their best. Communication goes both ways, so inspire a relationship where they give you timely status reports and feedback about difficulties or challenges.

4. View everything as a learning opportunity

Perhaps, conflict in the workplace could be seen in a positive light. For all the grief disagreements can cause, there’s an upside when your workers can learn from them. Differing opinions can stimulate innovation and give added impetus for team building.

Helping to resolve disputes can put those you manage in a better position to assume leadership roles in your company. You can tell a temporary worker who wants to move into a full-time role that tact and diplomacy in dealing with conflict in the workplace can make a good impression on management. Or let an employee know that effectively working well with others can help with career advancement.

5. Criticize gently and praise achievement 

In a perfect world, everyone on your staff would be flawless at their jobs. But the reality is that they will make mistakes, get into arguments, experience personnel problems, miss deadlines. When you need to call attention to shortcomings, make it your goal to preserve each individual’s dignity. Meet in private and allow them to explain the problem and what might have led to it. Rather than assigning blame, reframe a mistake or failure as a lesson, and focus on what might be done differently in the future.

All professionals appreciate recognition, particularly when they’ve put in extra time or effort. So celebrate resolution when your team achieves it. Even if they’ve made just small steps, congratulate them on the progress. They’re not robots, after all!

This article is provided courtesy of Robert Half Management Resources, the premier provider of senior-level accounting, finance and business systems professionals to supplement companies' project and interim staffing needs. The company has more than 140 locations worldwide and offers online job search services at www.roberthalfmr.com. Follow our blog at blog.roberthalfmr.com

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AAFCPAs Joins PrimeGlobal Alliance

Posted By Administration, Wednesday, May 17, 2017

 

Contact: Kristina Markos

Longview Strategies

978.225.9251

kmarkos@longviewstrategies.com

 

 

 

FOR IMMEDIATE RELEASE:

 

AAFCPAs Joins PrimeGlobal Alliance

 The world’s fourth largest CPA firm association will provide national and global reach

 

Westborough, MA (May 15, 2017) - AAFCPAs, a best-in-class public accounting firm known for assurance, tax, accounting, and business & IT advisory solutions, today announced it has joined PrimeGlobal, the fourth largest accounting firm association in the world.

 

PrimeGlobal is a thriving CPA firm association that coordinates communication and resources among the independent member firms of its four autonomous regional members: North America, Europe, Asia Pacific, and Latin America & the Caribbean. It is comprised of over 300 independent CPA firms in 85 countries, with more than 850 offices worldwide.

 

As an independent member of PrimeGlobal, AAFCPAs’ clients will benefit from national and global reach with the same seamless coordination offered by a Big Four or National Firm. Their unique, pay-as-you-use model will be advantageous to clients and keep fees down significantly.

 

AAFCPAs’ decision to join PrimeGlobal is another indication of the firm’s dedication to delivering exceptional value to its clients. The alliance underscores AAFCPAs’ continued commitment to its current and prospective clients to remain an attractive alternative to the Big Four CPA firms.

 

“Joining PrimeGlobal allows us to apply our exceptional expertise and value to a wider range of clients in a wider range of situations,” said Carla McCall, co-managing partner at AAFCPAs. “We are poised for tremendous growth and excited about the opportunities ahead.”

 

“We carefully evaluated associations that would be the ideal fit for us and our forward-thinking culture of excellence,” said David McManus, co-managing partner at AAFCPAs. “We are confident our alliance with PrimeGlobal will be a winner and create additional value for our diverse current and prospective clients.”

 

To learn more about AAFCPAs or the alliance click here.

 

About AAFCPAs:

 

AAFCPAs is an attractive alternative to the Big Four and National CPA firms. The firm provides best-value assurance, tax, accounting, and business & IT advisory solutions to nonprofit organizations, commercial companies, and wealthy individuals/estates. Since 1973, AAF’s sincere approach to business and service excellence has attracted discerning clients along with the best and brightest CPA and consulting professionals. AAF donates 10% of its net profits annually to nonprofit organizations.

 

About PrimeGlobal:

 

PrimeGlobal is the fourth largest associations of independent accounting firms in the world, comprised of approximately 300 highly successful independent public accounting firms with a combined annual revenue of more than US $2.12 billion. PrimeGlobal independent member firms house a combined total of more than 2,100 partners, 17,500 employees, and 850 offices in 85 countries around the globe. Through PrimeGlobal, independent member firms offer the strength and capabilities of a large, worldwide organization with technical depth and geographic reach impossible alone.

 

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Whitepaper: Guidance on the New Lease Accounting Standard

Posted By Administration, Thursday, May 11, 2017

AAFCPAs - An Attractive Alternative to the Big 4 and National Firms

In February 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease transactions. AAFCPAs has outlined the significant changes resulting from the new ASU for your convenience:

This ASU applies to all entities that enter into a lease. There is no significant change to the lessor accounting. The most significant change is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under existing GAAP.

AAFCPAs has provided a detailed Whitepaper providing guidance on the FASB’s new lease standard so clients may proactively consider the impact on their current and future operations. This Whitepaper outlines the significant changes resulting from the new ASU, including: a comprehensive outline of the scope of the new lease standard, effective dates, disclosure requirements, and practical considerations for lessees and lessors.Click here to download AAFCPAs’ Lease Accounting Whitepaper. >>

Download PDF


 

About AAFCPAs

AAFCPAs is an attractive alternative to the Big 4 and National CPA firms. We provide best-value assurance, tax, accounting, and business & IT advisory solutions to nonprofit organizations, commercial companies, and wealthy individuals/estates. Since 1973, AAF’s sincere approach to business and service excellence has attracted discerning clients along with the best and brightest CPA and consulting professionals. AAF donates 10% of its net profits annually to nonprofit organizations.

Facebook         Our People         AAFCPAs Blog

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6 Keys to Workplace Happiness for Finance Workers

Posted By Administration, Tuesday, April 11, 2017

The numbers don’t look so good when it comes to accounting and finance workers’ level of happiness, according to a new Robert Half report. IT’S TIME WE ALL WORK HAPPY.®, which focuses on eight professional fields, found that employees in finance, accounting and financial services were among those least happy on the job. They were also the ones with the lowest level of interest in their work.  

 

Does this mean accounting and finance professionals are doomed to live without job satisfaction? Far from it. But if the shoe fits for you, it may mean taking career happiness into your own hands. Here are six steps you could take if workplace happiness seems about as impossible as zero-calorie doughnuts or a perfect score on the CPA exam:

 

1. Scrutinize the reasons you’re not happy. You analyze a lot of datasets, but have you ever evaluated your own happiness level? Compile a list of what’s stopping you from being satisfied in your job. Perhaps you’d rather work less with clients and more with big data, or maybe you’d like to finally earn that certification and boost your salary. Making a tangible list can help. After all, you can’t fix something until you know what the problem is.

 

2. Take a well-deserved break. In our report, only about 65 percent of respondents working in accounting, finance and financial services reported that they have a healthy work-life balance. Yes, that’s a majority, but it’s near the bottom of the list compared to other professions. Additionally, almost half of those responding to a separate survey said they don’t use all their paid time off because they’re afraid of work piling up while they’re away.

Not enough play makes for
stressed-out accountants. So be sure to use your vacation time to recharge your batteries and come back happier. Ask colleagues to cover for you so you’re not overwhelmed when you return. You can pay back the favor later.

 

3. Connect with colleagues. When you enjoy the people you work with, heading to the office each morning can be a pleasure, even if you’re not 100 percent enamored with your job. Our research finds that people with strong workplace friendships are as much as two and a half times happier than those without. Don’t have any work buddies? Then take the initiative to create strong relationships. Ask them to join you for lunch, or get a group together after quitting time. And don’t bow out of work-related social functions because you’re too tired or too shy. If respondents to our survey are any indication, chances are good that the more you mix and mingle, your level of workplace happiness will increase.

 

4. Be honest with your boss. Your manager may never know your workplace happiness has hit the skids if you don’t say anything. Do both of you a favor by bringing up this sensitive subject. Before you do, first brainstorm some ways you could be happier in your role, keeping in mind that your aim is to create a win-win situation for the company as well as yourself. Then sit down with your boss to discuss setting career goals and present ideas for greater job satisfaction. For example, if you’re an experienced bookkeeper who feels ready for a staff accountant position, ask whether there will be any openings in the near future and, if so, to keep you in mind.

 

5. Make a career move. If you’re in an unhappy slump because you no longer love your career, it may be time to launch a job search. There are plenty of nontraditional accounting career paths, such as environmental or entertainment accounting, that may align better with your passions. Our happiness study finds that one of the top factors in workplace happiness is interesting and meaningful work. If you’re feeling especially bold, you could even relocate and make a fresh start. Do some research to find the city that best suits your needs.

 

6. Take the consulting route. Tired of the 9-to-5 and lack of autonomy? Consider your consulting. This career move allows you to work on a contractual basis, meaning you would have the opportunity to dive headfirst into an array of projects. As an added bonus, you pick your clients and get to work for different companies — and make new networking contacts — with each gig, which could add much-needed variety to your accounting career.   

 

Kick the accounting blues by taking steps today to amp up your happiness quotient. Job satisfaction is within your control and your reach.

 

This article is provided courtesy of Robert Half Management Resources, the premier provider of senior-level accounting, finance and business systems professionals to supplement companies' project and interim staffing needs. The company has more than 145 locations worldwide and offers online job search services at www.roberthalfmr.com. Follow our blog at blog.roberthalfmr.com

 

 

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Five healthcare policies to expect under President Trump

Posted By Administration, Monday, February 13, 2017

As Donald Trump was sworn in as the 45th U.S. president, AAFCPAs' Matt Hutt and other health policy experts share with Managed Healthcare Executive what’s next for healthcare.

 

Managed Healthcare Executive:  What do you think Trump's presidency could mean for the Affordable Care Act (ACA)?

 

Matt Hutt: Per President Trump’s position on healthcare reform, he promotes the repeal of the ACA, with a replacement of another program.  This is a big undertaking, so we don’t expect to see changes overnight.  We expect that they will keep the things that people generally like, such as kids being able to maintain coverage on their parents plan until they are 26, and coverage for Americans with a pre-existing condition—both did not exist before Obamacare. 

 

Managed Healthcare Executive:  What is next for U.S. Healthcare?

 

Matt Hutt:  President Trump talks about maintaining insurance for all, but the issue that remains is cost.  I expect to see the biggest changes with how federally-funded Medicaid & Medicare are reimbursed.  For example, there is discussion of changing Medicaid into a block grant, or federal lump-sum payment to states.  This would put in each state’s hands the decision of how to spend that money and disperse amongst those who need it.  This could potentially result in reductions in payments to the states, requiring that states budget for, or opt not to supplement the difference.  Block grants could impact reimbursements to providers, and lead to cuts in service/coverage to people.

 

Even if the ACA is modified, the model will still likely follow quality vs. quantity when it comes to reimbursements. The fee for patient care will be paid for as a shared responsibility for the patient’s overall healthcare.  This is a widely accepted methodology to control the costs of healthcare, and to ensure long term care recovery & better clinical outcomes.

 

Read more.

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About AAFCPAs

 

AAFCPAs is an attractive alternative to the Big 4 and National CPA firms. We provide best-value assurance, tax, business consulting, and information technology advisory solutions to nonprofit organizations, commercial companies, wealthy individuals, and estates. Since 1973, AAF’s sincere approach to business and service excellence has attracted discerning clients along with the best and brightest CPA and consulting professionals. AAF donates 10% of its net profits annually to nonprofit organizations.

 

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AAFCPAs, Westborough/Boston/Wellesley, MA Announcements

Posted By Administration, Monday, February 13, 2017

  • Rich O’Neil and Tiffany Wopschall, CPA have been promoted to Manager
  • Aileen Wilson has been promoted to Manager, Managed Accounting Solutions
  • Emily Donnelly, Brendan Lawrence, Matthew Robinson, and Patrick McIntyre have been promoted to Supervisor
  • Greg Bielski has joined the firm as Chief Financial Officer
  • Christopher P. Consoletti, Esq. has joined the firm as Trust, Estate & Nonprofit Tax Associate
  • Meghan O’Neil has joined the firm as Accountant, Managed Accounting Solutions
  • Steve Lanza has been promoted to Semi-Senior Accountant
  • Phyllis Roy has been promoted to Lead Executive Assistant, and Cheryl Melendy has joined the team as Executive Assistant and Wealth Management Client Support Specialist
  • Carolyn Pisani has been promoted to Office Manager

 

FIRM NEWS

  • As Donald Trump was sworn in as the 45th U.S. president, AAFCPAs' Matt Hutt and other health policy experts share with Managed Healthcare Executive what’s next for healthcare. Read more.>>
  • Amanda Pelcher, CPA Clarified FASB’s Nonprofit ASU 2016-14 for the Boston Bar Association Members, on Jan. 31st as part of the Boston Bar Association’s Continuing Legal Education (CLE) Programs.
  • Julie Chevalier, CPA and Rich Weiner, CPA Presented at the MSCPA State Tax Conference on Multistate Tax Nexus & Apportionment, Jan. 17th
  • John Buckley, CPA, CGMA and Tom Muldoon, CPA, CGMA will Present Educational Workshops on Affordability & Accessibility, FASB ASU 2016-14, and Lease Accounting at National Business Officers Conference in D.C. Benefiting Independent Schools. They will be joined by AAFCPAs’ client Cynthia Fanikos, CPA, Chief Financial Officer, Saint John’s Preparatory School

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