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CEO Corner
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Dear Hannah,
Congratulations to our public accounting members on finishing a long, unusual and stressful tax season! I hope you can enjoy some well-earned rest and relaxation. While many of you were heads down, the Society has been hard at work advocating on your behalf. I’m excited to update you on a couple of initiatives we have been working on these last few weeks. As you know, Massachusetts faces a $6 billion budget shortfall spanning fiscal years 2020 to 2022 with no promise of federal funding to help close
that gap. Leading a coalition of business community partners, the Society compiled a list of business tax principles that encourages legislators to ensure any tax changes be temporary and any new revenues, cuts and borrowing decrease as the economy begins to recover. I am excited to have a seat at the table as we work with business community partners and elected leaders on Beacon Hill to see that all Massachusetts residents and businesses are set up for success as we begin to rebuild.
It’s equally important to help bring federal money back to Massachusetts. States and local governments face a collective budget gap of upwards of $555 billion for fiscal years 2020 to 2022. With that in mind, I solicited my peers at state societies across the country to sign a letter we drafted urging congressional leaders to expedite additional financial relief for state and local governments. I’m proud to report that
27 chief executives representing nearly 270,000 CPAs answered our call. I’m hopeful Congress will work together to pass a federal relief bill for state and local governments so Massachusetts legislators won’t have to resort to tax increases and cuts to important state programs.
I am proud of our leadership in these efforts and of the coalitions we’ve built with partners in Massachusetts and at state societies across the country. By leveraging the trusted brand of CPAs, our connections with business leaders and joining together with our peers, we are positioned to make a larger impact with elected officials in Massachusetts and in Congress. Thank you for allowing us to do this work on your behalf.
I hope you have an enjoyable and relaxing weekend!
Amy Pitter
MSCPA President/CEO
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Get Involved
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Virtual Small Firm Roundtables (8/10 - 8/13)
Join us for our summer virtual Small Firm Roundtables! To register for a specific location, click on the link below. Please limit your registration to the location that best fits your geographical area:
Attendees will earn one CPE credit.
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Virtual Firm Visits - Book Yours Today!
Stay updated on the profession and find out how your staff can make the most of their memberships by booking your virtual firm visit! MSCPA President and CEO Amy Pitter will host one-hour online sessions that include a professional issues update (qualifies for one CPE credit), opportunities to get involved and discuss how we can help your staff grow at your firm! The agenda can be tailored to fit your firm's unique needs. To schedule your visit, contact Kara Kieran.
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| Get Featured in
SumNews
Are you or someone you know doing something innovative in the accounting industry, quickly advancing in the profession or have an interesting background or unique hobbies outside the office? We're looking for members to feature as a "Member Spotlight" and "Rising Star" in upcoming issues of
SumNews.
To nominate a Member Spotlight, click here. To nominate a Rising Star, click here.
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Events
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CPAS: Caregiver-Parent Alliance Support Group (8/4 & 8/6)
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This new benefit will give household heroes an outlet to discuss challenges, successes, questions, resources and more. Join us at one or both of our online discussions this August:
- Tuesday, August 4 | 8:00 - 9:00 p.m. | REGISTER
- Thursday, August 6 | 8:00 - 9:00 a.m. | REGISTER
If you have any questions, please contact Jill Foley,
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NextGen Cross Industry Virtual Networking (8/19)
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| The MSCPA has teamed up with the Financial Planning Association NexGen group, Boston Estate Planning Council and the Trusts and Estates Consortium to host its fourth annual (but first virtual) inter-organizational networking event! This event is geared towards members under the age of 40 and is a great chance to meet some of the area's best up-and-coming CPAs, attorneys, financial planners and other experts. We will be capping registration at 30 people per organization, so
reserve your spot quickly! REGISTER
| Virtual CPE
| REMINDER: CPE Reporting Deadline Now 9/30
The Board of Public Accountancy voted to extend the June 30 deadline for even-year license renewals and CPE requirements to September 30. According to the official release, "before renewing online, individual licensees must have completed the required 80 hours of continuing professional education (CPE), including at least four hours in ethics, from July 1, 2018 through September 30, 2020, or the license will expire." LEARN MORE
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Surviving, Pivoting and Thriving in the New Normal (7/24)
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| Define solutions-based strategic planning, identify tools to analyze your current business environment, recall questions to brainstorm new products and services, recognize the key elements of a one-page strategic plan and more. REGISTER
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Lease Accounting Implementation (8/3)
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| Describe the new lease terminology, including finance and operating leases, define a lease contract, examine the considerations of electing practical expedients or accounting policy options, establish a lease implementation checklist and plan and more. REGISTER
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Adding Values for Clients via Retirement Programs (8/4)
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| List the types of qualified retirement plans available for small business taxpayers, explain the options available to design plans to maximize key employee benefits, identify the types of plans that may be appropriate based on the clients preferences, goals and business structure and more. REGISTER
| Pre-Order Your 2020-21 Firm Guide by 7/24
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Our 2020 Career Fair & Grad School Expo will be virtual this year, so we are giving all attendees the opportunity to pre-order a 2020-21 Firm Guide now! The deadline to order is next Friday, July 24.
PRE-ORDER
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| Legislative Update
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COVID-19 MSCPA Legislative Brief
Read this week's COVID-19 MSCPA Legislative Brief, which offers updates on Amy Pitter, MSCPA President & CEO, leading the charge for federal funding for state and local governments, as well as business tax policy principles, Department of Revenue (DOR) information on Massachusetts tax implications of the CARES Act and more. READ THE NEWSLETTER
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Career Center
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Job Postings
- Tax Supervisor/ Reviewer - Coval Anderson Coval
- Tax Preparer Accountant - Coval Anderson Coval
- Tax Manager for Private Client Services - KPM
- Staff Accountant - Auditor and Tax Preparer - Stone & Company, LLP
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Per Diem Job Posting
- CPA (Work/Life Balance) - Chiuve & Company PC
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| Member News
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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 for the September issue of our SumNews magazine are due
next Tuesday, July 21.
For more information about the Buzz, email Hannah Naranjo. For information and pricing for our Classified ads, email Kristin Wells. To view all submission deadlines and guidelines, click here.
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DGC (DICICCO, GULMAN & COMPANY LLP), Boston/Woburn, announced that an article written by
DAVID SULLIVAN, JR., CPA
was published in Breaking Ground Magazine where he discussed the three steps businesses should take to ensure long-term success in a post-COVID-19 world. The firm also announced that NICK DELENA, CISSP, CISA, CRISC, CDPSE spoke at SecureWorld’s Boston Virtual Conference during their “Threat Landscape in Flux: Emerging Threats” panel and DAWN
HAGMAN, SPHR, SHRM-SCP
was interviewed by the
Journal of Accountancy
for an article entitled, “How to Handle the 2020 PTO Backlog.”
SHARE YOUR NEWS
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Military Noncontributory Pension
Protective 2016 Refund
Cash to Accrual Method
W-2 Box 12 Code Z -Sec. 409A
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ACCOUNTING & AUDITING VIRTUAL COMMITTEE MEETING (7/22)
Join the MSCPA's Accounting & Auditing Committee for a virtual meeting next Wednesday at 8:00 a.m. To register, click here.
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MSCPA'S VIRTUAL FITNESS FUNDRAISER & 50/50 RAFFLE (7/27)
Join us for our first Virtual Fitness Fundraiser and 50/50 Raffle! All proceeds will go towards the Educational Foundation. We will be providing you with a live option or on demand total body HIIT workout, instructed by Certified Group Fitness Instructor Noelle Kaelblein, and featuring the MSCPA’s Academic & Career Development Specialist Jess Yu. No equipment is needed, and high and low intensity exercise options will be available. Get ready to feel the burn while making a difference!
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MASSINC POLLING GROUP SURVEY RESULTS
Next Thursday, July 23, MassINC and The MassINC Polling Group will present the results from a timely survey of small businesses in Massachusetts, focusing on the impacts of COVID-19 on small businesses.
With a special eye for businesses of color, the survey results have identified service and resource gaps, while documenting the experience of Massachusetts small businesses during the pandemic.
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WEBINAR RECORDING: OUR EVOLVING ECONOMY AMID COVID-19: WHAT YOU NEED TO KNOW NOW
Listen to this webinar recording to gain some valuable insights about the global, U.S., Canadian and New England regional economies as well as the U.S. and Canada's implementation of fiscal and monetary policy during COVID-19.
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Financial Accounting - Afrimericanone
CPA/Advisor - Colorful Bridges
Board Treasurer - People Making a Difference (PMD)
Board Treasurer - Worcester County Poetry Association
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105 Chauncy Street, 10th Floor, Boston, MA 02111
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