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CEO Corner
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Dear Hannah,
It’s now official. Last Thursday, Governor Baker signed the long-anticipated COVID-19 relief bill into law. The legislation includes language to conform to the federal tax treatment of Paycheck Protection Program (PPP) loans forgiven in 2020, Economic Injury Disaster Loan (EIDL) advance grants received in 2020 and the Small Business Administration (SBA) debt relief payments made in 2020.
The bill also includes unemployment income forgiveness up to $10,200 for Massachusetts residents whose household incomes are at or below 200% of the federal poverty level. We know many of you have outstanding questions, and we are working with the Department of Revenue (DOR) to ensure those are addressed. In the meantime, click here to read the DOR guidance for this legislation.
The MSCPA and I are grateful to Governor Baker and every elected official who listened to our calls and supported this critical piece of relief for you and your clients across the state. I’m especially grateful to you for your ongoing outreach to your legislators and for keeping our Government Affairs Team informed of those conversations throughout the process. Thank you for your continued support.
Our advocacy on Beacon Hill is an important piece of what we do at the Society. Your involvement is critical and adds tremendous value while working with the Legislature — the legislators want to hear directly from you, their constituents. To get more involved in our advocacy efforts, please consider signing up as a “Key Person.”
And remember, if you have questions about this new law or anything else during tax season, head to the HUB. Your fellow members can help answer your questions and find solutions.
As I sign off on this lovely spring day, I’m still stinging a bit from my March Madness bracket. If you’re like me and lost big, don’t worry, the Kentucky Derby is right around the corner!
Have a great weekend!
Amy Pitter
MSCPA President/CEO
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MSCPA Fitness Challenge
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Top Teams This Week
Individual:
James DeLuca - 945,672 average steps
2-10 Participants:
Gotta Run - 1,734,233 average steps
11-20 Participants:
Adelson & Co - 581,077 average steps
21-30 Participants:
Meyers Brothers Kalicka, P.C. - 519,241 average steps
31-50 Participants:
O'Connor & Drew - 520,019 average steps
There's still time to share your photos by tagging @MASocietyofCPAs and using the hashtag
#MSCPAFitnesschallenge! Send your team photo to Hannah Naranjo to be included on our website, in social media, Friday@Five and
SumNews! To view photos of your competition, click here.
If you have questions, visit mscpaonline.org/fcfaqs. Best of luck for the remainder of the challenge and as always, thank you to ConnectPay for sponsoring!
| Virtual Conferences
| Register today with the promo code
EARLY
to save $25 on your registration on the virtual conferences below.
This offer ends on Friday, April 30.
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Join us for a two half-day virtual conference where you'll hear an accounting and auditing update, as well as an update from the Department of Labor. We'll also discuss the CARES Act and SECURE Act, best practices for auditing in a remote environment and more. REGISTER
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Join us for this two half-day virtual conference where you'll learn new attestation standards for agreed-upon procedures, examinations and reviews, discuss how data analytics is changing the CPA profession, revenue recognition, lessons learned and more. REGISTER
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Join us for a one-day, one-stop-shop virtual conference where we'll discuss hot topics at Governmental Accounting Standards Board (GASB), cybersecurity, risk assessment, revenue and expense recognition, single audit updates and more. REGISTER
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| Get Involved
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Upcoming Committee Meetings
- Accounting & Auditing (4/21)
- Nonprofit (4/22)
- Management of an Accounting Practice (4/29)
- Young Professionals Advisory Group (5/20)
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| Virtual Roundtable: I'm a Senior Accountant (4/23)
Being promoted to
senior accountant or
senior associate brings with it many challenges, opportunities and questions, and we want to help you navigate the next steps in your career. Join us on Friday, April 23 for a FREE
online discussion with an open dialogue between you, your peers and a group of experienced seniors and supervisors.
Attendees will earn one CPE credit.
REGISTER
Please note: Registrants will receive a Zoom link prior to the roundtable.
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Virtual Networking Events
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No one works harder than CPAs! Join your friends and colleagues to burn off some steam at our Young Professionals Mid-Season Game Night on Thursday, April 29! We will be hosting a virtual evening of games, networking and fun! Your hard work throughout busy season deserves to be celebrated with a night full of laughs and fun!
REGISTER
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Join us on Tuesday, May 25 for an evening "at" the theater! We’ve lined up some of Broadway’s biggest stars for a unique night to enjoy some music and get to know the people from the big stage! Tamar Greene (George Washington from
Hamilton)
and Jenny Dinoia (Elphaba from
Wicked)
will do a Q&A with us and perform some songs. Then John Perkins, a member and the CFO of the Boch Center, will discuss what Broadway in Boston has been like during the pandemic, and what we can expect when it’s over. REGISTER
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| Career Center
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Job Postings
- Audit and Tax Senior - Stone & Company, LLC
- Senior Accountant - Leonard, Mulherin and Greene, P.C.
- Audit Seniors and Managers - Smith, Sullivan & Brown, PC
- Tax Manager - Livingston & Haynes. P.C.
VIEW ALL JOBS
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Per Diem Job Postings
- Tax Manager - Philip Rosenblatt CPA
- Season Individual Tax Preparer - Fineman CPA Group
- Tax Preparer - Coval Anderson Coval LLC
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| Member News
| DINATALE CPA,
Stoneham, announced that
KAREN GOSCINAK, CPA,
joined as a client service professional.
SHARE YOUR NEWS
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CPA Winding Down? Want to Transition Out Clients?
Massachusetts Household Income
ProFx MFJ-MFS Comparison
Massachusetts Paycheck Protection Program (PPP) Loan Forgiveness
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| Did you win your office’s March Madness bracket?
|  |  | *See the results in next week’s Friday@Five!
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| Last week's results:
After a busy day at work, you can find me…
94% At home unwinding
6% Energized and out and about
| MSCPA LEGISLATIVE BRIEF
This week's Legislative Brief offers news on Governor Baker signing the COVID-19 relief bill into law, MSCPA President & CEO Amy Pitter calling for a Q1 estimated payment deadline extension and more.
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| VOLUNTEER OPPORTUNITIES
Instructor - Summer Springboard
Assistance with a Variety of Financial Projects - The Brick House Community Resource Center
Board Member - ANIKAYA/Akhra, Inc.
Tax Preparation for Low Income Senior Citizens - Rutland Council on Aging
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©2021 mscpaonline.org | Massachusetts Society of CPAs
105 Chauncy Street, 10th Floor, Boston, MA 02111
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