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CEO Corner
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Dear Hannah,
As you may already know, the Society administers a periodic survey to gauge current and anticipated taxpayer behavior to help the Department of Revenue (DOR) predict monthly revenue collections. State officials are often unsure of taxpayer behavior in a given year or during a particular timeframe as it relates to capital gains, bonus activity, safe harbor or corporate investment, and your advice can make a difference as these leaders plan for the year ahead. Your expert input also elevates the
CPA brand and helps position CPAs as valued thought leaders in the Massachusetts business community.
To complete the survey, click here.
The feedback we've received so far has been helpful in highlighting some major changes that are expected to come. Based on past surveys and FY 18 revenue numbers, we already know members encouraged clients to overpay 2017 taxes due to federal tax law changes; however, the survey is currently showing that will not happen for the 2018 tax year. Also compared to last year, 80% of respondents expect their clients' estimated payments to stay the same or increase slightly. We're also seeing that over the
next 12 months, 50% of respondents expect their clients' hiring pattern to stay the same, whereas last year 50% of respondents expected their clients' hiring to increase by up to 10%. It's important to note that these numbers are not final, and the more responses we receive, the more accurate and helpful our results will be to state officials.
Please provide your input on client trends, as a representative sample of all Massachusetts taxpayers. Please note that no specific member information will be used for this report. This poll will close on Tuesday, November 20 at 5:00 p.m.
Thank you and have a great weekend!
Amy Pitter
MSCPA President/CEO
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Get Involved
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Join the MSCPA Board of Directors
We are looking for three members to join our Board of Directors in 2019 and help guide the strategic direction of the MSCPA. Our goal is to have a Board that reflects the diversity of our membership and the many ways members can engage with the Society. If you would like to be a leader at the MSCPA and are ready to make the commitment, please consider nominating yourself.
Nominations will be open until next Friday, November 16 and will then be reviewed by the MSCPA Nominating Committee.
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Last Call for Buzz
and Classified Announcements
Do you have news to share? Submissions to the MSCPA's Buzz section and Classified advertisements in
SumNews magazine are due next Wednesday, November 14. This issue will reach members in January. For more information about the Buzz, email Hannah Naranjo. For information and pricing for our Classified ads, email Kristin Wells.
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Upcoming Committee Meeting
- Litigation Consulting & Business Valuation (11/12)
| #GivingTuesday
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Join Us for #GivingTuesday
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It's that time of year again! We hope that when you consider where to donate on November 27 for #GivingTuesday, you consider the MSCPA Educational Foundation. Help us fuel the pipeline, diversify the profession and expand the horizons of students across the Commonwealth.
DONATE
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Networking Events
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Photos: MSCPA Bowling Tournaments (11/7 & 11/8)
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This week members gathered for two fun nights of bowling, food and drinks at Lucky Strike in Somerville on November 7 and at Spare Time in Northampton on November 8.
VIEW LUCKY STRIKE PHOTOS (download password: luckystrike)
VIEW SPARE TIME PHOTOS
(download password: sparetime)
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Save the Date: Firm Administrator/Operations Manager Lunch (1/11/2019)
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| If you're in charge of firm operations, HR or professional development, this is the event for you! You're invited to the MSCPA's Firm Admin/Operations Luncheon on January 11 at McLane Middleton in Woburn from 12:00 – 2:00 p.m. This free luncheon will give you the opportunity to participate in roundtable discussions, meet with the MSCPA staff and network with other firm administrators.
| Conferences
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Our Emerging Leaders Summit is one week away! Build the skills you need to be successful in accounting! The Summit features sessions on networking, communication and Ieadership and exploring practical ways for young professionals to elevate their firms and companies.
REGISTER
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Stay on par with all of the changes affecting firms and businesses in Massachusetts and beyond! Join us at Mohegan Sun for three days of learning, networking and growth (for both you and your practice). This conference features several speakers on the 2018
AICPA/CPA Practice Advisor's Most Powerful Women in Accounting list and
Accounting Today's Top 100 Most Influential People in Accounting list - you don't want to miss them! REGISTER
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Sue Smith is BACK! We have brought back one of our most popular speakers to discuss with you some of the most prolific issues that are affecting our industry right now. In this one-day conference, tax advisors will be fully updated on the most important legislative and regulatory developments of the season as well as major trends and changes in the case law. Join us in Norwood (or via broadcast) on Thursday, December 6 or in Westborough on Friday December 7!
REGISTER (NORWOOD)
REGISTER (WESTBOROUGH)
REGISTER (BROADCAST)
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CPE
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South Shore Breakfast Forum: Cannabis (Marijuana) (11/15)
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Instructor Robert Munnelly Jr., Esq. of Davis, Malm & D'Agosine P.C. will discuss cannabis at next week's South Shore Breakfast Forum that will take place at the Chateau Restaurant in Braintree from 7:20 - 9:00 a.m. Attendees will earn 2 CPE credits. REGISTER
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Multistate Income Tax (12/4)
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| Be the one to guide your client skillfully through the maze of multistate corporate tax codes. Rapidly develop a working knowledge of both multistate tax compliance and related planning opportunities. With the rate of change, you can't afford to be outdated with your knowledge of this critical tax area. REGISTER
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Financial Modeling + Corporate
and Project Valuation (12/5)
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| In this course, you'll learn the key principles to create an effective financial model and learn to build-out a fully dynamic three-statement financial model. After gaining these skills, we'll use our model to learn how to value a company or project using the discounted cash flow (DCF) and multiples approach. REGISTER
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Member News
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AAFCPAs, Westborough/Boston/Wellesley, announced that
JOYCE RIPIANZI, CPA
joined as a new partner and key member of the firm's growing Managed Accounting Solutions Practice. The firm also announced that:
- BRITTANY BESLER, CPA, JD, MBA
joined as tax consulting attorney. She also led a Legal Workshop for Lawyers Clearinghouse's Nonprofits: How to Maintain Nonprofit, Tax-Exempt and Public Charity Status;
- MATTHEW BOYLE, MBA
discussed results of the firm's CFO Survey Report Findings with members of the Nonprofit Financial Managers (NPFM) forum;
- DANIEL CAHILL, CPA and
RICHARD WEINER, CPA, MST presented an educational briefing at Sullivan & Worcester on Choice of Entity After the 2017 Tax Act: The Popular Passion for Pass-Through Entities May Be Kaput;
- JULIE CHEVALIER, CPA, JOSHUA ENGLAND, JD, LLM and
RICHARD WEINER, CPA, MST presented a Tax Cuts and Jobs Act educational workshop for the benefit of The Central Massachusetts Financial Executives Organization (CMFEO);
- DAVID CONSIGLI, JR., CPA, ABV, CPVA, CDFA was awarded the Certified Divorce Financial Analyst (CDFA) credential;
- JACK FINNING, CPA, CGMA
and JANICE O'REILLY, CPA, CGMA
presented educational workshops providing guidance and key considerations when selling a closely-held business as part of Beacon Equity Advisors' annual Elements Conference;
- DANIEL FOSTER, LINDA (HUANLIN) HE, SHUYUE (VIVIAN) PEI, CARLIE REED and EMILY ROCCA joined as staff accountants;
- CARMEN GRINKIS, PhD, CLTC, CFP® and ANDREW HAMMOND, CFP®
were named new co-directors of AAFCPAs Wealth Management;
- MATT HUTT, CPA, CGMA and COURTNEY MCFARLAND, CPA, MSA,
in collaboration with the Massachusetts League of Community Health Centers (The League), presented a Medicare Cost Report Training session for Massachusetts community health centers;
- SORIE KABA, CPA served as a panelist, providing guidance on Creating a Culture of Diversity and Inclusion in the corporate environment as part of The Boston Chapter of the National Association of Black Accountants' (NABA, Inc.) Annual Minority Business Conference (AMBC);
- LUIS KELLY, MST, CPA
joined as tax manager;
- TRACY LEMAIRE, CPA, MBA
and
JANICE O'REILLY, CPA, CGMA
were honored as recipients of the MSCPAs' 2018 Women to Watch awards;
- CARLA MCCALL, CPA, CGMA, co-managing partner, served on a women's leadership panel Women in Great Places: Getting to the Top and Helping Other Women Succeed organized by the Women's Bar Association and the MSCPA;
- JANICE O'REILLY, CPA, CGMA facilitated an interactive discussion with her national CFO Leadership Council (CFOLC) peers on Attracting, Hiring and Retaining Finance and Accounting Teams in Today's Environment;
- MAITRI PATEL, CPA and
KIRSTEN RAHNASTO, CPA
joined as senior tax accountants;
- SCOTT POSNICK, CMA
joined as consulting CFO;
- MARIAH SEBASTIAN
joined as a billing specialist;
- PETER SEBILIAN was promoted to chief information office; and
- The firm partnered with Nichols College Graduate & Professional Studies to provide tailored programs for CPA licensing and MBA degree.
- KYLE GANLEY
joined as a supervisor;
- HAO OSSENI
and
CHRISTINE RATHJE joined as staff accountants; and
- BRIAN SHOER, CPA, MSA joined as a tax manager.
- SARAH IRONS, CPA, HOWARD NEWBURG, CPA
and
TANYA TOWER attended the CCH Conference in Miami, FL. Irons also led a team at the Boston Autism Speaks Fundraising Walk; and
- The firm attended the annual team building event – Bowling at Kings followed by a dinner in October.
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2019 Alimony Deduction
Fiscal Year Sep Contribution
Review of IFRS Financial Statements
Accuracy Related Penalty
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Board Finance Committee - Massachusetts Reading Association
Board Member - The Welcome Project
VITA Tax Preparer - Springfield Partners for Community Action
Treasurer, Board of Trustees - Meridian Academy
Assistant Treasurer - Royall House & Slave Quarters
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Audit - Advanced Staff or Senior - PKF, P.C.
Director of Internal Audit - Wellington Management Company
Governmental Accounting Standards Board (GASB) Part-Time Board Member/ Auditor - GovHR USA
Tax Administrative Specialist - Edelstein & Company LLP
Tax Senior - Caron & Bletzer, PLLC
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Tax Accountant - Berkowitz & Associates CPAs
Accountant - Jeffrey E. Dorenfeld, CPA
Experienced Tax Preparer (20 hours/week) - Vesey & Weeks, PC
Experienced Tax Preparer (40 hours/week) - Vesey & Weeks, PC
Tax Preparer - Michael J Raymond CPA
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We recently re-
vamped our online classifieds for firms looking to acquire
or sell their firms.
Now you can learn critical information about the firm that will help you de-
termine your next
step! For more
information, click here or contact
Kristin Wells.
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All peer reviews are now done through the AICPA's system, PRIMA, which was launched in 2017. The MSCPA is here to help! To get started in PRIMA, click here. If you have any issues with PRIMA, or any questions about your login or review, please contact Aury Sanchez at 617.303.2408 or Beth Lyons at 617.303.2406.
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