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CEO Corner

Dear Hannah, 

Good news: the demand for CPA services is growing, and client fees are up 4.2% across all firm sizes. That's according to the recently-released results of the 2018 National Management of an Accounting Practice (MAP) Survey, which was launched in June to help firms see how they stack up with the rest of the profession. 
 
Over 1,900 firms participated in the survey and the findings revealed some important practice management trends. For example, more firms are strengthening client relationships by focusing on the value of client services, such as value pricing/value billing and fixed pricing. In fact, the survey found that firms with $200,000 to $750,000 in revenue more than doubled their use of value pricing and value billing from the 2016 survey. Another major takeaway is that a growing number of firms are insuring against cyber liability risk. Among firms with under $200,000 in revenues, 60% now have insurance, compared with 41% just two years ago. These are just a few highlights - to learn more about the survey's findings, click here. We'll also be diving deeper into the results in our January issue of SumNews which will hit your mailbox/inbox next month! 
 
Given the continuing demand for CPA services, there's even more incentive to make sure your practice is working at peak efficiency and you're maximizing opportunities. For firms to grow, we must develop a diverse leadership pipeline that reflects the changing marketplace. In Massachusetts, momentum is building for women in leadership positions in accounting, but that change will only happen with an intentional effort. I recently wrote an article on this topic which was published in the Boston Business Journal earlier this week – you can read it here.

Have a great weekend!

 
Amy Pitter
MSCPA President/CEO

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LATEST HUB DISCUSSIONS
 
Sec 125 and >2% Shareholders

Asbestos Classs Action Settlement Payments to Estate

Non Profit Issue

Peer Review Firm Recommendations
 

Get Involved
Upcoming Nonprofit Roundtables 
  • Boston (12/12) 
  • Metro West (12/12)
  • North Shore (12/12)
  • South Shore (12/12)
  • Western Mass (12/12)
Upcoming Committee Meetings
  • Accounting & Auditing (12/13)
  • Governmental Accounting & Auditing (12/14)
  • Management of an Accounting Practice (12/20)
Networking Events
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Photos: New England Practice Management Conference (MAP)
Last week, firm leaders from across the region gathered at Mohegan Sun for the MSCPA's New England Practice Management Conference (MAP). Attendees spent three days networking and learning best practices on everything from client satisfaction to artificial intelligence (AI).

VIEW PHOTOS (download password: map18)

Thank you to our sponsors:
ADP, Analytix, Aon, ARM, Ascensus, Associated HCM, Avidia Bank, botkeeper, canopy, ConnectPay, Cost Segregation Services Incorporated, CPA.com, CWM Retirement Plan Services, Exchange Authority, First Indemnity, GTM, HarborOne Bank, Harbor Strategies/IFP, LaSalle Solutions, Lincoln Financial Group, McGowanPRO, MS Consultants, LLC, Northern Bank, ProVisors, Robert Half, ROI Corporation, Sherman Consulting Services, Tax Point Advisors, TD Bank, Tech Advisors, WinterWyman and Wolters Kluwer!


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MSCPA Trivia Night (1/24/2019)
Join us for a night of trivia, food and drinks on Thursday, January 24 from 6:00 - 8:30 p.m. at the West End Johnnie's in Boston! Assemble a team of up to six coworkers to answer questions about everything from sports to history, and from pop culture to food and drink! Teams of all sizes are welcome, and firms/companies are encouraged to enter more than one team. REGISTER
Conferences
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Our annual State Tax Conference is a great opportunity for you and your organization to learn about hot topics, meet experts in the field and boost your network! Join us on Thursday, January 17, 2019 or via broadcast for this one-day conference that is sure to set you and your organization up for a successful year! REGISTER
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Our annual Nonprofit Conference is a great opportunity for you and your organization to learn about hot topics for nonprofits, meet experts in the field and boost your network! We will also be offering a broadcast version of this conference, so you can listen in from the comfort of your own home or office! REGISTER
CPE
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Reviewing Pass Through Tax Returns: What Are You Missing? (12/10)
In this course, we'll discuss the common errors practitioners make on pass through tax returns that are often missed by review staff. We'll examine case studies, issues where additional information from the client may be warranted, areas of tax law where proper treatment requires additional analysis and information and more! This course follows a highly illustrative case study format to increase participant comprehension and retention. REGISTER

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Revenue from Contracts with Customers and Tax Implications of the New Revenue Recognition Guidance (12/10)
This course looks at how the changes made by ASU 2014-09, either will create a situation where a taxpayer may wish to conform their reporting or where the taxpayer may be required to do so. In cases where a taxpayer wishes to make a change, we'll look at how to determine if the option is available. In addition, we'll look at the mechanics of obtaining IRS permission to change the tax accounting method necessary in all cases. REGISTER

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Slashing Taxes for Your Small Business Clients: Corporations, Partnershipsand LLCs (12/11)
Solid tax planning strategies are essential for your corporate and small business clients. In this course, we'll explore state-of-the-art planning ideas and tax-saving strategies to keep more of your client's money in their pockets. We'll answer the tough questions and show you what strategies are best for your clients as a result of the most recent tax reform. REGISTER
Featured Member Benefits
The Boston Bruins   
Discounted tickets are available for the following upcoming Bruins games:  
  • Tuesday, December 11 vs. Arizona Coyotes at 7:00 p.m.;
  • Sunday, December 16 vs. Buffalo Sabres at 7:00 p.m.;
  • Thursday, December 20 vs. Anaheim Ducks at 7:00 p.m.; and
  • More!
To purchase discounted tickets, click here and enter promo code 19BEAR240.   
   
To order over the phone, please contact Tina Anderson with the TD Garden at 617.624.1810 or tanderson@bostonbruins.com.  

GET TICKETS
Harlem Globetrotters (12/26)  
The Original Harlem Globetrotters are bouncing their way back to TD Garden for two shows on Wednesday, December 26 at 1:00 p.m. and 6:00 p.m. Discounts are available on most seating options.  
 
To purchase discounted tickets, click here and enter promo code 18HGT240.
GET TICKETS

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FREE CPE Tracker     
Easily organize and track your CPE for free, from anywhere! All MSCPA members have access to the CPE Tracker, our exclusive member benefit. The Tracker automatically inputs CPE credits taken with the MSCPA, and you can manually enter and manage ANY third-party CPE.
VIEW YOUR CPE TRACKER
Member News
ALL CPAs, Chestnut Hill, announced that ANGEL DOMINGUEZ joined as a senior associate and that CAROL-JEANS HIGGINS, CPA, PFS joined as a manager. 

LGA, Woburn, announced that KATEY ALLEVA and SUSIE THIBAUD joined the firm as administrators. The firm also announced that: 
  • BRANDON BARLOW, JASON DOWNEY and KEIRA SOUZA joined as associate accountants;
  • TIM CAMMETT, SHAWN CHRISTMAN and SHANNON KATZ passed the CPA Exam;
  • EMILY HASWELL joined as tax manager; and
  • JESS QUINTAL joined as operations coordinator
NEWBURG & COMPANY, LLP, Waltham, announced that:
  • OMAR GRACIANO and JEANINE PHAM joined as staff accountants; and
  • JOHN GUARNOTTA, CPA, MBA, MST joined as tax manager.
O'CONNOR, MALONEY & COMPANY, P.C., Worcester, announced that KEVIN JOHNSON, CPA was promoted to partner.

SHARE YOUR NEWS
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MSCPA MEMBERSHIP THUNDERBIRDS EVENT (2/6/2019)
  
Join us for a night of networking and hockey in Springfield on February 6! Members will meet up for pre-game drinks and light bites at Red Rose Pizzeria in Springfield before heading over to watch the Springfield Thunderbirds play the Hershey Bears at the MassMutual Center!
Attendees will get the chance to take a shot on goal and will be invited on the ice for a photo after the game!
 

VOLUNTEER OPPORTUNITIES
  
CPA - Jackson

Auditor and/or Board Position - ITC 

Board Finance Committee - Massachusetts Reading  
Association 
  
Board Member -  
The Welcome Project 
        
VITA Tax Preparer - Springfield Partners for Community Action

Assistant Treasurer - Royall House & Slave Quarters
 

JOB POSTINGS
 
Senior Accountant/CPA with Ownership Potential - Nicholas A. Papakyrikos,
CPA, PC

 
Professor of Practice in Accounting - Assumption College
 
Nonprofit Audit Manager - Edelstein & Company LLP
 
Administrative Director of Finance - B.E. Smith
 
Senior CPA/Tax Professional - Apple & Albano PC 

Senior Accountant - O'Brien, Riley & Ryan, P.C. 
 

PER DIEM JOB POSTINGS
 
Seasonal Tax Preparer Positions - Nicholas A. Papakyrikos, CPA, PC

Seasonal Tax Preparer/Reviewer - The MFA Companies

Tax Associate - Howland Capital Management 

 
Experienced Tax Preparer - Chiuve
& Company, P.C. 

 
Tax Preparer - O'Brien, Riley & Ryan, P.C. 

CPAs - NorthGate Advisors, Ltd.

 
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