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CEO Corner
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Dear Hannah,
Happy last Friday of extended tax season!
For our members in public accounting, I hope all of you will be getting some well-deserved rest and relaxation after three consecutive “worst tax seasons ever.” While you are recovering, there are a few things going on at the Society that I know you won’t want to miss!
First, it seems wild, but our annual Employee Benefit Plan Conference is next week (Tuesday and Wednesday). This virtual, two half-day conference will cover the CARES Act, the SECURE Act, accounting and auditing updates, legal and regulatory updates, remote auditing, employee benefit plan governance and much more! Top-level speakers will discuss latest developments that you need to know in the year ahead (plus, MSCPA members save $100 as a perk of your membership!). View the full agenda and register here.
And with busy season ending, I hope you’ll also join us for a relaxing evening “at” the theater for our Broadway from Home event on Tuesday, May 25. Broadway’s stars from “Hamilton” and “Wicked” will perform some music for us, and John Perkins, a member of the MSCPA and the CFO of the Boch Center, will give a presentation on what Broadway in Boston has been like during the pandemic and what we can expect when it’s over. Register today!
Finally, please don’t forget to cast your vote to ratify the amazing slate of new MSCPA board members and officers. The Society runs on help from our volunteers, and our volunteer leadership is truly extraordinary. Personally, I can’t wait to work this year with this amazing group of individuals!
Have a great weekend!
Amy Pitter
MSCPA President/CEO
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New Member Benefit: CPE PLUS
| NEW! Get up to 20 hours of
FREE learning through
CPE PLUS,
an exclusive benefit of your 2021-2022 MSCPA membership —
renew today at mscpaonline.org/renew
to unlock your access
to these free webinars! Click the images below to register for the next two webinars!
| | We are adding courses throughout our membership year (May 1, 2021–April 30, 2022) so check back often! LEARN MORE
| Virtual Conferences
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Learn the latest updates on remote audit best practices, how technology is changing accounting, the new leases standard for private companies and nonprofits and so much more! REGISTER
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Top-level speakers will discuss the Governmental Accounting Standards Board (GASB), cybersecurity, risk assessment, revenue and expense recognition, single audit updates and so much more! REGISTER
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| Get Involved
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May Committee Meetings
- Taxation (5/18)
- Accounting & Auditing (5/19)
- Management of an Accounting Practice (5/20)
- Nonprofit Accounting & Auditing (5/20)
- Accounting & Auditing (5/26)
- Women in Accounting (5/26)
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Get Involved Webinar (5/20)
LAST CHANCE TO REGISTER! Join us next Thursday, May 20 for a
FREE
30-minute webinar to learn how you can get the most out of your MSCPA membership! We'll be covering who we are, what we have to offer and how you can get involved. You'll learn about our CPE offerings,
webinars, seminars, committee meetings, roundtables, networking opportunities, programs, resources and more.
REGISTER
Can't join us on this date? No problem! Our next Get Involved webinar will be held Thursday, June 17. To register, click here. |
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| 13th
Women to Watch Awards: Call for Nominations
Do you know an MSCPA member who has made an outstanding contribution to the accounting profession, their community, place of employment and/or to the development of women as leaders? We are now accepting nominations for the
2021 Women to Watch Awards
to be celebrated at the Women's Leadership Summit on October 28 at the Boston Marriott Long Wharf and to be profiled in SumNews.
If you know a woman who we should "watch," nominate her by June 30.
LEARN MORE
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Join Today! Women's Mentoring Circles
Women's Virtual Mentoring Circles
offer a unique spin on traditional mentoring by bringing women across all levels together to develop and grow within the profession. Each Circle may be comprised of CPA and non-CPA members who meet every six to eight weeks (or as desired) to address issues affecting women in the accounting field.
We currently have Circles in Woburn, Boston and Braintree and are looking to expand to additional locations. To learn more, click here or contact Jess Yu. LEARN MORE
Please note: You must be a member of the MSCPA to participate.
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| SumNews
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The May 2021 issue of
SumNews
is here! Click through our digital edition now to view the findings from a new diversity, equity and inclusion (DEI) report, to read our recent conversation with
Congressman Richard Neal, Chairman of the Committee on Ways and Means
and so much more! We also spotlight MSCPA members
Edward Boyd Jr., CPA
and
Rita Yeung, CPA.
READ NOW
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| Virtual CPE
| Don't Forget to Renew Your License with ePLACE
The June 30 deadline for odd-year licensees is near!
Please note: The code to renew your license with the Board of Public Accountancy will be sent to you via mail, or you can find your code to access your renewal here. Please ensure that the Board has your correct address on file here.
Visit your CPE Tracker (a perk of your membership!) to see how many credits you need before June 30.
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FAQ - Accounting and Auditing (5/17)
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| Identify common disclosure deficiencies noted in practice and describe recent changes in accounting and auditing guidance. You'll also define risks and uncertainties and determine appropriate accounting policies. REGISTER
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Focus on Engagement Quality: How to Avoid Deficiencies in Peer Reviews (5/24)
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| Discuss the most significant items resulting in deficiencies identified in the peer review process and the applicable audit standards, documentation requirements and best practices. You'll also examine issues in compilations and reviews and disclosure deficiencies noted by peer reviewers. REGISTER
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Virtual Networking Event
| Young Professional Networking with the FPA, BEVPA, TEC and BBA: Coffee & Connections or Cocktails & Connections (6/10)
The MSCPA has teamed up with the Financial Planning Association NexGen Group, Boston Estate Planning Council, the Trusts and Estates Consortium and the Boston Bar Association to hosts its third annual inter-organizational networking event. Meet some of Boston's best up-and-coming CPAs, attorneys, financial planners and other experts who help you grow your business through referrals down the road.
This year's event will be two separate virtual events both on Thursday, June 10. Please join us for the Coffee & Connections event from 9:00 – 10:00 a.m. or Cocktails & Connections event from 4:00 – 5:00 p.m. We will be capping registration at 25 people per event, so reserve your spot quickly!
REGISTER | COFFEE & CONNECTIONS
REGISTER | COCKTAILS & CONNECTIONS
| Member News
| BAKER NEWMAN NOYES, Boston/Woburn, announced that the firm was ranked #91 nationally and #4 regionally on this year’s Top 100 Firms list by
Accounting Today.
The firm also announced that:
- JAMES GUARINO, CFP®, MST, was quoted in a recent article in
Yahoo! Finance
about Warren Buffet’s advice from 2010 about cash reserves. Guarino was also quoted in two recent articles in
Accounting Today
about delayed stimulus payments for social security recipients and the new, expanded Child Tax Credit;
- SCOTT MCKENZIE, CPA
was interviewed on M&A Access: Middle Market News, the weekly video series from the Alliance of Merger & Acquisition Advisors (AM&AA) on specialized repair and trade businesses as opportunities for small business owners interested in ETAs, and the potential risks when considering ETAs; and
- The firm ranked #50 on the 2022 Most Prestigious Accounting Firms list by
Vault.
EDELSTEIN & COMPANY LLP, Boston, announced that
MICHAEL BENNINGTON was promoted to marketing specialist. The firm also announced that:
- MARC BELLO was a panelist for the webinar titled “COVID-19 Part 2: Lessons learned in Family Law and Our Path Forward" in April;
- RYAN DEDONATO
joined as a client accounting solutions supervisor;
- GIACOMO LEIBE joined as an audit senior associate;
- MICHELLE WALSH joined as chief operating officer; and
- The firm virtually assembled STEAM Kits for female students in partnership with Building Impact and Strong Women in Action (SWIA).
KLR,
Boston/Waltham, announced that the firm has opened a European branch office in Lausanne, Switzerland.
O’CONNOR & DREW, P.C.,
Braintree, announced that WILLIAM
COCHRAN, BRENDAN FOLEY, MARC METIVIER
and
ALICIA POULIN
will join as interns on June 1. The firm also announced that:
- LETICIA NAMANDA and
JESSICA SMITH joined as staff accountants; and
- OCD Tech, the IT Audit & Security division of the firm, has been selected as a Candidate Cybersecurity Maturity Model Certification (CMMC) Third-Party Assessor Organization (C3PAO) by the CMMC Accreditation Body. Only C3PAOs are authorized to conduct CMMC assessments.
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Switching from Axcess to Ultratax
Recording a Donated Vehicle
338(h) 10 Election for S-Corporation
Dual U.S. and UK Citizen Tax Info
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| How many hours a day do you spend on video calls?
|  |  |  |  |  | *See the results in next week’s Friday@Five!
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| Last week's results:
Do you think you will attend in-person networking and CPE events in September?
32% Yes for both networking and CPE events
8% Yes, but only for networking events
28% Yes, but only for CPE events
4% No, but I didn't participate pre-COVID
4% No, but I used to attend
24% Unsure
| MENTAL HEALTH AWARENESS MONTH
May is Mental Health Awareness Month! The Society firmly believes in helping reduce the stigma so many experience. Check out this article written by MSCPA members April Gjoka, CPA, CCMPTM,
and
Kaitlin Signor, PMP®,
who recently conducted a survey on mental health during COVID-19 and how individuals and firms are responding.
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| NOMINATE A MEMBER SPOTLIGHT TO BE FEATURED IN SUMNEWS
We're always looking for members to feature in the Member Spotlight section of SumNews.
If you, or someone you know, have a special skill or hobby inside or outside of the office, or a unique story to share, nominate them here.
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| MSCPA LEGISLATIVE BRIEF
This week's Legislative Brief offers news on the Massachusetts Senate releasing its $47.6 billion FY22 budget proposal, the U.S. Department of the Treasury releasing guidance that outlines how state and local governments may use the funds from the American Rescue Plan Act (ARPA) and more.
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| JOB POSTINGS
Tax Manager/Tax Supervisor - ALL CPAs
Tax Senior Associate - ALL CPAs
Manufacturing Controller - Riverdale Mills Corporation
Forensic Accountant - Alan Gray LLC
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| PER DIEM JOB POSTINGS
Tax Preparer - Coval Anderson Coval LLC
Tax Manager - Philip Rosenblatt CPA
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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.
Board Member and/or Finance Committee Member - Waldorf School At Moraine Farm
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105 Chauncy Street, 10th Floor, Boston, MA 02111
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