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CEO Corner
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Dear INSERT_FIRST_NAME,
I recently had the pleasure of attending the AICPA’s regional council meeting with our council members and Zach Donah and Kara Kieran from MassCPAs. It was a virtual event, but we gathered at LGA, LLP’s Chestnut Hill office to discuss the topics and participate as a group.
The overarching topic continues to be change. In addition to changes in technology (which were greatly accelerated during COVID), AICPA CEO Barry Melancon, CPA, CGMA, focused on how firms are evolving with changes in services, clients and business models – including growth in both traditional and non-traditional mergers and acquisitions. Here are my top three takeaways:
- The fallout from mergers is resulting in the creation of new firms, as partners of acquired firms do not want to be part of the new regime.
- While advisory services really took off during COVID, Barry sees Environmental, Social and Governance (ESG) as an area that is “ours to lose.” As a profession, we need to be on the forefront of the attest function as the area inevitably grows.
- ESG also must be part of a “rebranding” of the profession to high school and college students who are growing less interested in accounting and the Exam. This is the biggest risk the profession is facing, and it will require thoughtful and aggressive actions to make sure that we have the candidate pool needed to keep the profession thriving long into the future.
We will be discussing these topics, and ways MassCPAs can help, with firm and business leaders throughout the year – so stay tuned for updates.
It was great being with our team, but I look forward to finally returning to in-person events this spring. I hope you’ll attend our signature member-wide networking event on May 10 at the Royal Sonesta Hotel in Cambridge. Connect 2022, formerly the Annual Meeting, is a special event filled with networking, live entertainment and spectacular views of the Charles River and Boston Skyline. For details and to register, click here.
Have a great weekend!
Amy Pitter
MassCPAs President and CEO
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REMINDER: Important security update for your MassCPAs.org password
| The new MassCPAs.org is now live and as part of our enhanced security, you will need to update your password the first time you log into the new site – this is a one-time change to help protect your information. Visit MassCPAs.org/login, click “Forgot Password” and a link will be emailed to you to reset your password.
Below are instructions for accessing The HUB after you have updated your password:
- From MassCPAs.org: Log into MassCPAs.org, click “The HUB” at the top of the page, and you will be directed to The HUB. Once there, click "Continue to Login" in the left-hand rail and then click the "Website Login" button and you will be automatically logged in.
- From hub.masscpas.org: Click the “Continue to Login” button in the left-hand rail and then click the “Website Login” button. Log into MassCPAs.org and you will be automatically redirected to The HUB.
| Get Involved
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April Committee Meetings
Please note: Registrants can now view the Zoom link for their upcoming meeting here.
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This year's Day of Service will be Friday, June 10! Join us at Cradles to Crayons for CPA Industry Day — a nonprofit organization that hosts special days for colleagues from similar industries to help serve children across the Commonwealth.
To learn more, click here.
Please note: Please have one person from your firm/company contact Katherine Twait, corporate relations coordinator at Cradles to Crayons, to get your team registered.
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| Have another volunteer service in mind or need to volunteer on a different day? No problem! Let us know by simply filling out this form by Friday, June 3.
| Spring Conferences
| Register today using promo code EARLY to save $25 on your registration for the virtual conferences below. This offer ends Saturday, April 30.
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This could be free if you register by May 3! To learn more, click here or contact Julia Ekelund.
In this two half-day virtual conference, you'll hear an Audit Quality Center update and learn how to improve audit efficiency with effective project management. We'll also discuss cybersecurity and Department of Labor (DOL) guidance and updates for employee benefit plans (EBPs) and more.
REGISTER
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This could be free if you register by May 11! To learn more, click here or contact Julia Ekelund.
In this two half-day virtual conference, you'll learn auditing and new leases standards. We'll also review Statement of Standards for Accounting and Review Services (SSARS) and SARS25, discuss fraud exposure risks presented by performing an audit remotely and more. REGISTER
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This could be free if you register by May 12! To learn more, click here or contact Julia Ekelund.
In this two-day virtual conference, we'll cover a technology update and emerging topics in blockchain and cryptocurrency. We'll also have a security risks and solutions roundtable, discuss the hows and whys of data analytics and more.
REGISTER
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This one-day virtual conference is a one-stop-shop where we'll discuss hot topics for Governmental Accounting Standards Board (GASB), a Department of Revenue (DOR) update more. REGISTER
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| FREE Wellness Webinar
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Networking Events
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Celebrate the end of tax season with fellow young professionals at our annual After Tax Season Bash on Thursday, April 28, at Rosa Mexicano in the Seaport. The event will take place on their outdoor patio (weather permitting). Tickets include appetizers and drinks. Pre-register by Wednesday, April 20. REGISTER
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Celebrate the end of tax season with fellow young professionals at our annual Western Mass After Tax Season Bash on Wednesday, May 4, at Lattitude in West Springfield. The event will take place on their outdoor patio (weather permitting). Tickets include appetizers and drinks. Pre-register by Friday, April 29. REGISTER
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| Please note: These are member-only events. Student members must be affiliated with a public accounting firm and be 21+ years old to attend.
| MassCPAs Fitness Challenge
| Top Teams This Week (by category)
Individual: Automobile Insurers Bureau of MA - 110,942 average steps
2-10 Participants: Desktop Metal - 911,960 average steps
11-20 Participants: Smith Watson & Company - 567,078
average steps
21-30 Participants: Meyers Brothers Kalicka, P.C. - 519,959
average steps
31-50 Participants: Team JOey - 397,153 average steps
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| Share Your Progress!
Please continue sending your team's photos directly to Hannah Naranjo or share them on social media using #MassCPAsFitnessChallenge and tagging our Twitter and LinkedIn pages. To view your competition's photos, click here (download password: fitness).
| Looking for ways to stay mentally and physically active? Check out the two wellness articles below from MassCPAs member Stephanie Parker, CPA, MSFP:
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Latest HUB Discussions
1098 - E Incorrect?
Capital Transaction or Ordinary Income?
Tax Credit in Massachusetts for Connecticut Taxes Paid by Entity
Massachusetts Form 63D-ELT - Profx Electronic Filing
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Are you aware
of our new
On-Demand CPE offerings?
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*See the results in next week’s Friday@Five!
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Have you read the March issue of SumNews?
55% Yes
45% No
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PCPS Free Tool of the Month: CPA Cyber Obligations and Breach Response Article
Does your firm have safeguards in place to keep client data protected? Does your firm have a breach response plan? Explore safeguards that keep client data confidential and receive guidance on how to respond in the event of a breach.
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MassCPAs Legislative Brief
This week's newsletter featured President Biden's $5.8 trillion budget, the state's 53 page "Future of Work Commission" report, the Baker-Polito Administrations new “HireNow” grant program and more.
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Book Your Post-Tax Season Firm Visit
MassCPAs President and CEO Amy Pitter will host a one-hour virtual or in-person session to help staff stay updated on the profession and find out how they can make the most of their memberships! The agenda can be tailored to fit your firm's unique needs. To schedule your visit, contact Kara Kieran.
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Volunteer Opportunities
CPA - Our Bright Future, Inc.
Accountant - ANIKAYA/Akhra, Inc.
Accounting/Cleaning Items - Boston Road Runners
Advisor/Preparer - Massachusetts PTA
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Job Postings
Associate Director - Financial Reporting
Blue Cross Blue Shield of MA
Manager of Financial Reporting - Signature Healthcare
Senior Financial Analyst - Signature Healthcare
Assistant Controller - SBLI
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Per Diem Job Postings
Tax Reviewer - Kesner, Godes & Morrissey, LLC
Experienced Tax Preparer - Confidential
A&A Manager - Sheridan CPA
Accountant - RELX Group
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