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CEO Corner
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Dear Hannah,
As many of you know, the AICPA Council voted last spring to open the Accredited in Business Valuation (ABV) credential to "Other Qualified Professionals" who are not CPAs. While the AICPA has presented their justification for the expansion, believing that it will lead to greater consistency in valuations, the move has not been well received by many of our members.
I discussed this matter with our Board of Directors who agreed that the move not only devalues the credential for current CPAs with the ABV designation, but it also has the effect of diluting the CPA brand.
The MSCPA always has, and always will, act in the best interest of our membership, and we take your comments very seriously. Since an important part of our mission is to build the CPA brand, we decided to provide formal feedback to the AICPA expressing our concerns. We also requested for the AICPA to review their decision-making process to ensure that all stakeholders have an opportunity to be heard in an open and transparent process. A copy of our letter to the AICPA can be found here.
The letter was submitted to the AICPA yesterday, and I will keep you informed on any developments. Thank you to all our members who provided feedback on this issue.
Have a great weekend!
Amy Pitter
MSCPA President/CEO
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Conferences
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Offering community, connection, information and inspiration, this conference brings together women in accounting for an exciting afternoon. The event will also recognize the winners of our Women to Watch Awards.
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Technology plays a huge role in your business operations, and meeting your clients' expectations. Learn about new technologies that are changing the profession, and about cybersecurity and privacy best practices to minimize your risk and boost your revenue!
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Build the skills you need to be successful in accounting! The Summit features sessions on networking, communication and Ieadership, and exploring practical ways for young professionals to elevate their firms and companies.
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Stay on par with all of the changes affecting firms and businesses in Massachusetts and beyond! Join us at Mohegan Sun for three days of learning, networking and growth (for both you and your practice). This conference features several speakers on the 2018 AICPA/CPA Practice Advisor's Most Powerful Women in Accounting list - you don't want to miss them!
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Get Involved
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New! Women's Mentoring Circles
Women's Mentoring Circles offer a unique spin on traditional mentoring by combining varying professional levels together and providing all participants with the opportunity to develop and grow within the profession. While offering guidance, advice and insights to one another, members of our mentoring circles will provide support and encouragement in a confidential setting, allowing both the mentor and the mentee to walk away with important lifelong connections.
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Request for Proposal
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The City of Newton - Financial Audit Services
This City of Newton Request for Proposals (RFP) invites sealed proposals from consultants for financial audit services. All proposals are due by 2:00 p.m. on Monday, October 1.
LEARN MORE
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Resources for You
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Peer Review Assistance
All peer reviews are now done through the AICPA's system, PRIMA, which was launched in 2017. The MSCPA is here to help! To get started in PRIMA, click here. If you have any issues with PRIMA, or any questions about your login or review, please contact Aury Sanchez at 617.303.2408 or asanchez@mscpaonline.org or Beth Lyons at 617.303.2406 or blyons@mscpaonline.org.
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FREE CPE Tracking
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. You can check your progress any time, and easily report your hours to the Board of Public Accountancy. It's that simple!
VIEW YOUR CPE TRACKER
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Networking Events
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Career Fair & Graduate School Expo (9/21)
Calling all students! This year's Annual Career Fair will be Friday, September 21 at the Boston Marriott Copley Place. Meet employer reps from small, mid-size and international firms and learn about grad programs that satisfy the 150 hour requirement. Registrants are advised that they must have authorization to work indefinitely in the U.S. REGISTER
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Young Professional Mixer with the Boston Bar & Massachusetts Bar Association (10/4)
During this course, we'll provide a comprehensive overview of the changes impacting corporations and pass-through entities along with reviewing tax planning considerations for investors, owners and executives. REGISTER
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| Mergers & Acquisitions
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Looking to Buy or Sell a Practice?
We recently revamped our online classifieds for firms looking to acquire or sell their firms. Now you can learn critical information about the firm that will help you determine your next step! For more information, visit mscpaonline.org/classifieds or contact Kristin Wells at kwells@mscpaonline.org.
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| Member News
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ALL CPAs,
Chestnut Hill, announced that ADRIENNE MAYER, CPA,
director, presented "Disposition of U.S. Real Property Interest by Foreign Individuals Under FIRPTA" to the MSI International Special Interest Group.
JOHNSON O'CONNOR, Wakefield, announced that MARY COSTANZO
joined the firm as an accounting associate on the Client Accounting Services team. The firm also announced that
STEVEN MOUTSOULAS and
KIMBERLY STEWART will join the firm in October as staff accountants.
RODMAN CPAs,
Waltham, recently expanded their recruitment efforts and launched a new online career center.
SHARE YOUR NEWS
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UPCOMING COMMITTEE MEETINGS
Taxation (9/18)
Accounting & Auditing (9/19)
Management of an Accounting Practice (9/20)
Nonprofit A&A (9/20)
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Section 965
HSA Over Contribution
S-Corp 100% Owned by ESOP-Form 8752
CPA Help
VW Settlement - Are These Funds Taxable?
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Bookkeeper/Assistant Treasurer - Association for Episcopal Deacons
Board Member - ProGente Connections
Financial Review and 990/Form PC Preparation - Still Harbor, Inc.
Accountant - Community Health Partnership Honduras
Board Member - Pioneer Valley Symphony
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Senior Tax Accountant - Krumsiek & Associates, PC
Director of Tax and Assistant Controller - Boston Mutual Life Insurance Company
Finance Analyst - MassDevelopment
Tax Preparer/Enrolled Agent - Loiselle & Associates, PC
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Per Diem CPA - Robert S. Fineman PC
Experienced Contract Professional - Di Pesa & Company
Seasonal Tax Preparer - ALL CPAs
Senior Accountant - Bruker Corporation
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105 Chauncy Street, 10th Floor, Boston, MA 02111
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