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CEO Corner
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Dear Hannah,
I spoke to over 50 students today from Suffolk University and Bentley University about how the accounting profession has changed, and what they can do now to best prepare to succeed in our industry. This amazing group of young people are part of Beta Alpha Psi (BAP), an international honor society for students in accounting, finance and information systems programs. They are talented, motivated and hungry to become the next generation of leaders, and they were eager to learn about how a career in
accounting exceeds far beyond the numbers; it's a business of people, technology and solving problems. It was a wonderful, invigorating day, and I am leaving filled with hope for our future. Thank you to our Academic and Career Development team and BAP student presidents for organizing this event, and I look forward to continuing our conversation with this promising group!
Engaging with students early on at events like this is so important for the Society. It leads to building relationships with future CPAs and allows us to bring awareness to them on the various career paths available in this profession. I recently came across this podcast that features an interview with Michael Durant, a first-generation CPA, who discusses why he chose accounting, and how that decision impacted the rest of his family. His story is moving, and I encourage you to listen (start at 14:08).
Stories like Michael's are possible, in part, due to pipeline programs that inspire first-generation accountants to choose careers that are interesting, lucrative and in demand. These programs would not be possible without support from our members, so thank you for your continued support of the Society! To learn more about our pipeline efforts, please click here.
Have a great weekend!
Amy Pitter
MSCPA President/CEO
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MSCPA Fitness Challenge
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It's been less than three weeks since the competition started, and
more than six teams have already passed the Connecticut Society of CPAs, including one team also passing the New York Society of CPAs! See where your team is on the challenge map on the ChallengeRunner website by selecting the three dots on the Leaderboard and selecting "Map," or in the ChallengeRunner app by clicking on the Leaderboard and selecting "Map."
Top Teams This Week
Individual Category:
CPYAY - 397,899 average steps
2-10 Participants Category:
KLR Fit Fam - 239,563 average steps
11-20 Participants Category:
Delolitte - 168,355
21-30 Participants Category:
Powers & Sullivan, LLC - 142,159 average steps
31-50 Participants Category:
O'Connor & Drew, P.C. - 143,592 average steps
Please keep sharing photos of you and your team by tagging @MASocietyofCPAs and using the hashtag #MSCPAFitnesschallenge! If you haven't already, please send your team photo to Hannah Naranjo to be included on our website, on social media, in Friday@Five and in SumNews! To view photos of your competition, click here. If you have questions, click here. Thanks to Integrated Partners for sponsoring!
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Get Involved
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Litigation Support & Business Valuation Committee Meeting (2/25) Our next Litigation Support and Business Valuation Committee is next Tuesday! Join speaker Judd Carhart, retired appeals court justice, at Whittlesey in Holyoke or tune in with us at our Boston office via Zoom video! This presentation will cover what makes a good (and bad) expert witness and testimony. To learn more about the committee, click here or contact Jill Foley.
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Networking Event
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2020 Accounting Speaker Series: Technology and the Evolution of Accounting Standards (2/28)
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The Manning School of Business accounting department is pleased to welcome guest speaker Dr. Christine Botosan, an award-winning professor and researcher, with particular expertise in the areas of financial statement analysis and valuation. Dr. Botosan will examine changing technology and how financial information is produced, distributed and consumed, as well as the evolution of accounting and financial reporting standards in response to these changes.
REGISTER
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| CPE
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The Cannabis Industry: Lessons Learned from Colorado (2/24)
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Get an overview of the cannabis industry, including the landmark case law, Internal Revenue Code Section 280E and evolving trends and challenges for owners, investors, operators and advisors, hear details on cannabis industry accounting nuances and challenges, income taxation strategies, choice of entity considerations and more. REGISTER
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How Technology is Impacting the Accounting Profession (2/26)
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Hear a concise overview of the leading technologies and economic forces reshaping the accounting profession and how accountants are using new digital business models to thrive in the face of rapid and seismic change, discover how accountants—once largely enterprise passengers and navigators — are elevating their role using cyber tools and becoming pilots of global business and more. REGISTER
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Ethics: CFOs and Controllers Who Lost Their CPA License (2/27)
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Analyze the stories of five CFOs and controllers who risked it all and lost, learn how to manage the multitude of conflicting pressures that can lead you to compromise and lose your license, determine the red flags of CFO and controller fraud, hear from CFOs and controllers about why they cook the books and more. REGISTER
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Member News
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Arthur Vigeant, CPA
Mayor of Marlborough and
Owner of Arthur G. Vigeant CPA
Meet Arthur Vigeant, CPA, mayor of Marlborough and owner of Arthur G. Vigeant CPA! Read our interview with Arthur from our November issue of SumNews
where he discusses why he ran for mayor, how being a CPA has helped him in this role and more. MEET ANDREW
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BAKER NEWMAN NOYES, Boston/Woburn, announced that the firm was named to America's Top Recommended Tax and Accounting Firms first-ever list by
Forbes.
GRAY, GRAY & GRAY LLP, Canton, announced that
BRYAN PEARCE joined as director of the strategic business planning practice group.
KLR, Boston, announced that ALAN LITWIN, CPA, CGMA was
recently honored with the Leading Edge Alliance (LEA) EDGE Award for Innovative Firm Leader at the LEA North American Conference in Las Vegas.
SHARE YOUR NEWS
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Tax Attorney
Help with Another Tax Issue with a Life Estate
Drake Tax Estimated Tax Payments
Reporting a 1099-R
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CALLING ALL HIRING MANAGERS
The AICPA is collaborating with the National Association of State Boards of Accountancy to transform CPA licensure to make sure that requirements reflect the skills and competencies practitioners will need in the future. If you know CPAs with hiring responsibilities for their firms, please encourage them to take this short survey.
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Venture Fund Volunteer - United Way of Massachusetts Bay and Merrimack Valley
Board Treasurer - Medford Historical Society & Museum
Board Treasurer - Merrimack River Watershed Council
Audit Committee Member - Massachusetts Association of Realtors
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Senior Director - eCratchit, Inc.
Controller - Massa Products Corporation
Director of Accounts Payable and Payroll - Salem State University
Tax Supervisor - Kevin P. Martin & Associates
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Audit/Tax - Sandler & Company PC
Senior Tax Manager - Nune Khachatrian, CPA, P.C.
Tax Accountant - Abbott and Company LLC
Tax Preparer - Coval Anderson Coval LLC
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©2020 mscpaonline.org | Massachusetts Society of CPAs
105 Chauncy Street, 10th Floor, Boston, MA 02111
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