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CEO Corner
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Dear INSERT_FIRST_NAME,
The IRS will begin accepting and processing 2021 tax returns on Monday, January 24, officially kicking off tax season 2022. As you may have seen, in her annual report to Congress last week, the National Taxpayer Advocate, Erin Collins, has a warning as you head into busy season – the IRS is in crisis, so brace for another tough year.
Collins noted a few striking statistics: since 2010, the IRS has seen a nearly 20% cut in funding and an equally large reduction in staff. At the same time, and exacerbated by the global pandemic, the workload has increased 19%, swamping the phone lines and creating a backlog of returns and supplemental return information.
The issues at the agency won’t be solved overnight, but we continue to engage our Congressional Delegation and advocate in coordination with the AICPA for additional funding to address longstanding technology and staffing issues.
There are; however, a few measures the agency can do administratively to provide immediate relief – suspend compliance actions that are generated by the more than $6 million in unprocessed individual returns, 2.8 million unprocessed business returns, nearly 3 million unprocessed amended returns and approximately 4.7 million unopened and unanswered pieces of correspondence. To date, the IRS has been reluctant to use this authority, but we’ve urged Congress to consider legislation to force their hand and will continue to do so.
This afternoon, we joined our colleagues from across the country in asking our Congressional Delegation to co-sign a bipartisan letter to the U.S. Treasury Sectary, Janet Yellen, calling on her to direct the IRS to move forward with these immediate relief measures. We will keep you posted on our progress and the steps you can take to join our advocacy efforts in the coming days and weeks. In the meantime, if we can be of immediate assistance, please do not hesitate to contact us.
Have a great weekend!
Amy Pitter
MassCPAs President and CEO
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Virtual Conference
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Perspectives on a Changing Profession (1/28 & 2/25)
Join us for our annual Perspectives on a Changing Profession Virtual Conference Friday, January 28, and Friday, February 25! This two half-day virtual event is meant to foster an important conversation between educational leaders, accounting faculty, career services representatives and members of college advisory boards to discuss the pipeline and the profession. Highlights include:
- Inclusive teaching strategies with Dr. Florence Holland, director of culture, diversity and inclusion at RSM US LLP
- Managing stress and well-being during change with Dr. Holly Sullenger, CEO at Dr. Holly Speaks
- A CPA Evolution update
- How to strengthen the pipeline and diversify the profession
There will also be breakout sessions for discussions with your peers, as learning from one another and sharing best practices has never been more important. Attendees will earn seven CPE credits. REGISTER
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Get Involved
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Join a MassCPAs Committee
Stay on top of issues impacting your firm/company, get updates on changes happening in the profession and expand your network by joining a MassCPAs committee!
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January Committee Meeting
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2022 MassCPAs Fitness Challenge
Sign up for our 6th Annual MassCPAs Fitness Challenge to help you stay active this tax season and winter! This year's challenge will run from February 1 - April 15. Gather your coworkers and sign up a team by 11:59 p.m. on Monday, January 31 (Note: please select ONE person to register your team for the challenge and be your team captain). Teams of up to 50 participants can sign up (individuals too!), and team totals will be calculated by average in ChallengeRunner. Award categories will be based on team size, and we'll also have an overall winner.
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Get Featured in SumNews
Are you or someone you know doing something innovative in the accounting industry, quickly advancing in the profession or have an interesting background or unique hobby outside the office? We're looking for members to feature as a "Member Spotlight" and "Rising Star" in upcoming issues of SumNews. To nominate a Member Spotlight, click here. To nominate a Rising Star, click here.
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New! CPA Pathways
MassCPAs has a new feature in SumNews highlighting the different careers and career paths of CPAs (both in industry and public accounting). These Q&As focus on how CPAs help people and how careers in accounting are exciting. If you, or someone you know, would be a good fit for this feature, click here for the nomination form.
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Please note: Nominees must be a MassCPAs member, and nominators are welcome to nominate themselves.
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Important Legislative Update
| Department of Revenue (DOR) Filing Season News and Video
The DOR recently released a video with information relative to this year’s tax season, including material that was covered during the DOR’s presentation at MassCPAs' State Tax Virtual Conference. Read a statement from the DOR below:
“As we typically do, we’ll do a soft opening for a few days after the opening date to test the system and make sure things are running optimally. We’ll continue to publish the approved software vendors on our website. Income tax returns will be due April 19 due to holidays in DC and MA. To help you prepare, take a look at our filing season presentation which is full of useful information.”
| CPE PLUS Webinar
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In this session, we'll review best practice measures when misconduct occurs and keys to a successful forensic investigation and prosecution. We'll also discuss preventative measures and effective internal controls to reduce exposure to these types of misconduct.
REGISTER
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This webinar is free as part of CPE PLUS, a member benefit!
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FREE CPE Webinar
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Member News
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LGA, LLP, Chestnut Hill, announced that VASANT NAGDA, CPA, partner, was named co-managing director of tax. The firm also announced that:
- JOHN ARCARI, MITCH BURKE, PAUL DIBONO, SOUKAINA KHAOUDA and ALANNA LEACH were promoted to supervisors
- RADHIKA BHANUSHALI joined as a tax associate accountant
- TIM CAMMETT, CPA, MADALINA LOGHIN, CPA, CFP, and KATHY TIGHE were promoted to senior managers
- CHRIS COTOIA, DAN LEARY, CPA, and BRIAN O’KEEFE were promoted to managers
- BRETT GILBERT joined as a tax senior associate
- DOMINQUE GOODING, MARGARET ORPHAN and MELISSA TREMBLAY were promoted to tax operations specialists
- NICOLE LEBLANC, CPA, and DONNA MARTIN, CPA, were promoted to principals
- JENNIFER LOPES joined as a tax associate
- LORI MACINTOSH was promoted to firm operations specialist
- ELIANNA MAKIEJ was promoted to human resources manager
- TRYSTAN MCNEIL and JAKE STAVROS were promoted to senior associates
- ENRIQUE RIVERA joined as a tax manager
MEYERS BROTHERS KALICKA, P.C., Holyoke, announced that BRIANA DOYLE, IAN CODDINGTON and CHRISTOPHER SODERBERG were promoted to senior associates. The firm also announced that:
- OLIVIA CALCASOLA joined as an associate in the firm’s taxation department
- SAMANTHA CALVAO joined as a paraprofessional
- BRENDEN CAWLEY and DANIEL EGER were promoted to tax supervisors
- KARA GRAVES and MATTHEW NASH were promoted to senior managers
- COREY JENKINS, ERIC PINSONEAULT and CHELSEA RUSSELL were promoted to managers
- DANNY KRASIN and ANTHONY ROMEI joined as associates in the firm’s accounting and audit department
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Tax Filing Softwares
Estimated Payment for 63D Tax
LMI Determinations
Listing of Open AUPs
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Is your firm listed in MassCPAs' Find a CPA Directory?
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*See the results in next week’s Friday@Five!
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Are you attending next week's Nonprofit Virtual Conference?
17% Yes
83% No
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Join the Find a CPA Directory
Tax season begins next week! Our Find a CPA Directory gives your firm unmatched exposure, allowing potential clients – businesses and individuals – to find you with just a few clicks! Join the Directory here. Already a member of the Directory? Click here to renew your listing.
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MassCPAs Legislative Brief
This week's newsletter featured MA budget leaders predicting $36.9 billion in FY23 collections, the MA Legislature moving forward with a $55 million piece of legislation relative to COVID-19 spending need and more.
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Job Postings
Senior Accountant - South Hadley Electric Light Dept
Staff Accountant (Audit and Assurance Bureau) - Gray, Gray & Gray, LLP
Assistant Comptroller, (Foundation/Alumni) -
Bridgewater State University
Tax & Accounting Manager with Partner Potential - Fineman CPA Group
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Per Diem Job Postings
Personal and Small Business (Tax Seasonal) - Roy & Rurak, LLC
Tax and Bookkeeping - Roy & Rurak, LLC
CPA - Fineman CPA Group
Tax Preparer - J Rizzo CPA
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Volunteer Opportunities
CPA - Dance Collective/Mass Movement, Inc.
Treasurer - Metrowest Free Medical Program
Board Member - Minuteman Senior Services
Tax Preparer - Beverly Bootstraps
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©2022 masscpas.org | Massachusetts Society of CPAs
105 Chauncy Street, 10th Floor, Boston, MA 02111
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