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Dear Elizabeth,

In my Society travels, I often meet CPAs who wish to strengthen their practices, but they lack the crucial information that allows them to see where they stand in relation to their peers. Luckily, this meaningful data can be found in the recently-released results of the 2014 National MAP Survey, the profession’s premier benchmarking study. Firms use the results in a variety of ways, including helping predict future growth, determining succession plans and comparing their progress against firms of similar sizes and within their geographic locations.

Next week, at the MSCPA’s New England Practice Management Conference, Cheryl Burke, partner and COO of DiCicco, Gulman & Company LLP, will cover the Massachusetts results in great detail. Burke will lead a discussion about the process and history of the survey, national MAP trends, benchmarks and regional statistics for your market. The MAP survey is one of many relevant topics that will be covered at the conference. Come join us to share best practices, network and gain the knowledge necessary to succeed beyond 2014.

In other news, the MSCPA is sponsoring the NE State and Local Tax Forum on Wednesday, November 19th at the Boston Marriott Newton. This conference features the “who’s who” of thought leaders on state and local tax issues in New England, and it’s a great way to stay current on tax policy issues. 

Make the most of your membership by participating in these events!

Eileen P. McAnneny, Esq.
President and CEO

LEGISLATIVE UPDATE:

IRS Updates
- IRS Clarifies Application of One-Per-Year Limit on IRA Rollovers

DOR Updates
- October Revenue Collections Total $1.617 Billon
- DOR Rolls Out New Tax System

MSCPA Urges Congress to Act on Extenders IRS Updates
The Federal Taxation Committee, through CEO Eileen McAnneny, has written letters to the U.S. Senate Finance Committee and the U.S. House of Representatives requesting immediate action on the dozens of tax extenders that expired on December 31, 2013. Congress returned to Washington this week for the abbreviated lame-duck session.

Regulations Finalize Rules on All-Cash D Reorganizations
Adopting earlier proposed and temporary regulations with only clarifying changes, the new rules apply generally to transactions occurring on or after Nov. 12, 2014.

CPE:

It's Crunch Time! Get Your Tax CPE Just in Time for Tax Season!
Tax season is quickly approaching – we’ve got the programs you need to prepare for the months ahead and be successful, including Tax Camp (three locations!), which is filling up fast – be sure to register today if you haven’t already, and view the full listing of tax programs.



Excel Macros: Everyday Useful Tools (12/4)
Save time – avoid Excel’s time consuming menu change, search and click routines. Everyday Excel tasks may take only a few clicks but see the power of macros that takes even less effort. Small time savings many times a day will increase your efficiency. No previous macro experience is required.

Emerging Leaders Conference: Step Up Your Career (12/5)
The Emerging Leaders Conference is not your typical CPE seminar! This interactive and high-energy conference promises to teach you the skills necessary to take your career to the next level. Learn from nationally-recognized speakers and a panel of your peers, while building connections with your colleagues. This is the one conference you don't want to miss!

NETWORKING:

Committee Meetings Next Week

Last Chance to Register - Young Professional Networking with the Boston Bar Association (11/20)
Join the MSCPA and the Boston Bar Association for an evening of cross-industry networking. This is an excellent opportunity to meet other young professionals, build your network and develop referral sources.

South Shore Breakfast Forum (11/20)
Featuring Rachel Kaprielian, secretary of the Mass. Executive Office of Labor & Workforce Development.

MEMBERSHIP:

Get the Information You Want
Did you move? Get a new job? Change your email? Update your information to stay connected with us.

Temporary Workforce
Looking for temporary work? Employers post temporary and seasonal job opportunities on our website. If you're one of the many accounting professionals who is looking for temporary work, browse our website and find the right position, or post your temporary position for free.

Attention: Firm Administrators
We are considering reinstating our Firm Administrator Breakfast meetings. These informational meetings are a great networking opportunity and way for firm administrators to learn more about the MSCPA. The meeting will cover the MSCPA's 100% Membership Program, member benefits/discounts, website features for firm admins, networking events and CPE updates. Firm administrators, please complete this brief survey to indicate your interest.

NEWS & EVENTS:

Join Us Behind the Scenes at the Greater Boston Food Bank (12/5)
Have you ever wondered what goes on inside The Greater Boston Food Bank (GBFB) distribution facility? Are you curious about how 51,000,000 pounds of food gets distributed to the one in nine residents of eastern Massachusetts who are at risk of hunger?

Join us on December 5, 2014, as the MSCPA goes Behind the Scenes at the Greater Boston Food Bank where David Noymer, CPA and CFO at GBFB, will share with us the mission and work of GBFB.

Eight Ways to Become Your Clients' "Adviser of Choice"
More CPAs can become an "adviser of choice" for clients by expanding their practices and capabilities beyond tax planning. These eight tips for CPAs include adding financial planning services to a practice, developing a clear value proposition and listening to what clients really want.