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Dear Hannah,
Earlier this week I attended the AICPA’s regional council meeting in New York with leaders from our Board, AICPA members and council members and CEOs from other state societies. We spent the day talking about changes in the profession and how we can help members adapt to those changes. The majority of our discussion centered on two major topics: the future of audit and tax reform.
For the future of audit, we discussed the new skills that CPAs will need to adapt to sweeping changes in technology (AI, blockchain, etc.). AICPA President and CEO Barry Melancon discussed modifying both college curriculum and the CPA Exam to prepare future CPAs to enter this new, technologically-progressive era. Coincidentally, an article I wrote on this topic was published in Accounting Today this week – you can read it here.
Regarding tax reform, a couple of the most relevant insights were that there will be a short-term spike in compliance work (while everyone struggles to figure things out), but that may reverse in the long-term, meaning that CPAs need to shift their focus from compliance to planning. Also, there is going to be room for a great deal of advocacy at both the state and federal levels as the new law shakes out.
I always enjoy council meetings as a chance to focus on the big picture for our profession. I’ll be sharing my insights when I visit firms throughout the year. If you’d like me to stop by your firm, let me know!
Have a great weekend!
Amy Pitter
MSCPA President/CEO |
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| Ad Campaign Resources |
| During this time of year, it is essential to raise awareness of the value CPAs provide to their clients. The MSCPA is running a campaign on social media to promote CPAs, and we encourage members to use our resources on your social media pages to help spread the word and use them for your own marketing efforts. |
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| Join the Conversation: #CPATaxTalk |
Submit your best tax season advice for individuals or businesses using the hashtag #CPATaxTalk, and we'll share it with over 6,000 of our followers on our Society's Twitter account, @MASocietyofCPAs, and tag you/your firm.
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| AICPA Tax Toolkit |
| The AICPA has developed a Tax Practitioner’s Marketing Toolkit to help firms of all sizes educate and engage existing clients, develop new relationships and boost your position as your clients’ most trusted adviser. Please note that you must be an AICPA member to download the materials within the toolkit. |
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| Download the PCPS Trusted Client Adviser’s Identify & Prioritize Tool |
During busy season, use your client meetings to ask questions that identify additional opportunities. Use these sample questions to develop your role.
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| New Webpage for DOR Issues |
The Department of Revenue (DOR) recently launched a new tax practitioner webpage that includes real-time updates on issues with processes, notices or other systems that may impact taxpayers. The DOR plans to collect this information directly from practitioners as issues arise through a newly created, practitioner-only email: taxprofeedback@dor.state.ma.us.
The DOR is urging practitioners to only use this email for issues impacting multiple taxpayers. Individual issues should still be resolved through MassTaxConnect, or through the DOR’s contact center at 617.887.6367. |
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| We're Here to Help! |
If you are having issues reaching the DOR, or if you need additional assistance, please don’t hesitate to contact Zach Donah at zdonah@mscpaonline.org.
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| Guest Blog: Mark Dietrich, CPA, ABV |
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| MSCPA member and healthcare expert Mark Dietrich, CPA, ABV cautions others about changes to HMO plans. |
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| Members & Firms on the Move |
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- DGC (DICICCO, GULMAN & COMPANY LLP), Boston/Woburn, announced that JACKIE REINHARD, CPA joined as a new principal. The firm also announced that:
- PATRICK BEVINGTON, CPA, MST and DAVID SANCHEZ, JR. co-authored an article entitled, “Real Estate Depreciation and Tax Reform.” To read the article, click here;
- CHAD DAGRACA, CPA will speak at the Boston Society of Architects Finance Wizards event on May 8 and at the 2018 Vermont Architecture & Construction Expo on May 10;
- MICHAEL LORD, IT manager and TAMMY YU, IT director co-authored an article entitled, “Password Safety – Simpler is Better?” To read the article, click here;
- ELISABETH O’TOOLE DA SILVA, CPA, CFF spoke at an event entitled, “Cybersecurity: Protecting Yourself & Your Business in the Digital Era.” Da Silva will also speak at LeClairRyan’s Accountant Liability Seminar on June 21;
- The firm continues to rank in the top ten among regional accounting firms in the Boston Business Journal’s “Largest Accounting Firms in Massachusetts” list; and
- The firm partnered with Goulston & Storrs to present an event entitled, “Tax Cuts and Jobs Act: Commercial Real Estate Implications” and that DONALD TROY, CPA, CGMA was a panelist. To watch a video clip from the event, click here.
- MEYERS BROTHERS KALICKA, P.C., Holyoke, announced that CHRISTINE DEVIN, CPA, CGMA was promoted to manager in the firms Audit and Accounting department.
- RODMAN CPAs, Waltham, announced that JUSTIN HORR and KAYLA LUTHER were named senior associates.
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| Top 3 Teams This Week (By Average Total Steps) |
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Boston Bound - 1,031,528
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Gorton & Company - 698,137
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Marcus Benson - 692,861
We love hearing about your progress! Keep sending us photos of you, your team or your walking routine and share them with us using #MSCPAfitnesschallenge! If you haven't already, please send your team photo to Hannah Naranjo at hnaranjo@mscpaonline.org. To view the photo gallery, click here (password: fitness).
Thanks to IFP/Harbor Strategies Group for sponsoring!
If you have questions, visit mscpaonline.org/fcfaqs. |
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| Tax Season Op-eds: Call for Members |
We're looking for CPAs who are interested in authoring pre-written op-eds, one on family taxes and another one on being savvy about your side hustle this tax season, which will run in their local newspapers. If you are interested, please contact Hannah Naranjo.
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| Become a Firm Ambassador |
We’re revamping our firm ambassador program and looking for new volunteers. Ambassadors will serve as the link between the MSCPA, young professionals and your firm. This is a great opportunity to gain exposure to new networks, receive recognition and get the inside scoop on all things MSCPA. For more information on this program, click here or contact Kara Kieran.
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| Save the Date: Day of Service (6/15/18) |
Come together with your colleagues for the the CPA Day of Service! On June 15, MSCPA members from across the state will volunteer at local organizations within their communities. It feels good to give back! To learn more, click here.
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| Volunteer Requests |
- Bookkeeper and/or CPA - Come Unity
- CPA Assistance and Possible Board Member - Cambridge Environmental Literacy Project
- Board Treasurer - James Pappoutsakis
- New Nonprofit Tax Preparation - Italian School for Children Boston
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| The Next Step Networking Event (3/28) |
| Join our student members for an hour of refreshments and conversation next Wednesday at PwC! The MSCPA has organized a special workshop to prepare students for the transition from student life to working professional. Panel discussions will focus on different career paths and what they can expect in their first year on the job. Students have a chance to practice their newly-acquired networking skills at a reception taking place from 7:30 - 8:15 p.m. This is a valuable opportunity to share your insights and promote your firm to aspiring CPAs. Please RSVP to Erica DeBiase by March 27 if you are interested in attending this event. |
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| South Shore Breakfast Forum: Bring Your Tax Questions (3/29) |
Next Thursday, join Jason Goloboy, CPA, tax and business principal at Kevin P. Martin & Associates, P.C. at the Chateau Restaurant in Braintree!
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| Young Professional After Tax Season Bash (4/25) |
Celebrate the end of tax season at the MSCPA's Young Professional After Tax Season Bash on Wednesday, April 25 at Hopsters in the Seaport. The upstairs beer hall has been reserved. Ticket include appetizers and two drink tickets. Register now as spots are limited!
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| Save the Date: Annual Meeting & Networking Reception (5/3) |
| Join over 200 CPAs and accounting professionals from across the state for an evening of networking at the incredible New England Aquarium IMAX Theatre! The event kicks off the Society's new membership year with welcoming our new Board of Directors, recognizing outgoing members and a State of the Society update from CEO Amy Pitter. |
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| Save the Date: Young Professional Networking with the FPA, BEPC, and the Trusts and Estates Consortium (6/5) |
| The MSCPA has teamed up with the Financial Planning Association NexGen group, the Boston Estate Planning Council and the Trusts and Estates Consortium groups to host its second annual inter-organizational networking event for members under the age of 40. This is a great chance to meet some of Boston's best up and coming CPAs, estate planning attorneys, financial planners and other experts. |
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| Save the Date: Women's Golf Outing (6/12) |
Enjoy a day of golf and networking at Juniper Golf Course. Play 9-holes with your colleagues, family and/or friends - women of all skill levels are welcomed and encouraged. Join us after the tournament for networking followed by lunch and awards in The Pavilion.
Register yourself or sign up as a foursome. The MSCPA will assign individual registrants to teams.
Early bird rate: $100 before June 1 (save $25!) |
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| Maclone Studios - 25% Off Headshots |
Maclone Studios of Photography Boston & Cape Cod, the photographer who does all of our conferences, is offering 25% off headshots and other photography services for our members for the year. For more information, click here.
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| The Boston Bruins |
Discount tickets are available for an upcoming Bruins game next Thursday, March 29 against Tampa Bay at 7:00 p.m. To purchase discounted tickets, click here and enter promo code 18BEAR240.
To order over the phone, please contact Tina Anderson with the TD Garden at 617.624.1810 or tanderson@bostonbruins.com. |
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| Job Postings |
- Manager, Taxation (U.S.) - Capital Power Corporation
- Accountant - Confidential
- VP Finance/Controller - BioInnovation Labs LLC
- Branch Manager - TD Ameritrade
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| Per Diem Job Postings |
- Tax Preparer - Susan E. Gallant, CPA. MST
- Seasonal Tax Professional - Robert S. Fineman PC
- Per Diem Tax Preparer - Karen M. Saporito, CPA
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- When OP Units Convert to Market Tradable Shares, Does This Create a New Holding Period for Capital Gains?
- Duplicate Massachusetts Corporate Excise Payments
- California Nexus Issues
- NIIT Deductions
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©2017 mscpaonline.org
Massachusetts Society of CPAs
105 Chauncy Street, 10th Floor, Boston, MA 02111
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