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CEO Corner
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Dear Hannah,
As you may be aware, on September 30, 2021, Massachusetts joined several other states in adopting an elective pass-through entity (PTE) excise in response to the $10,000 cap on the federal state and local tax (SALT) deduction. Under the new legislation, for tax years beginning on or after January 1, 2021, entities taxed as S corporations and partnerships, and certain trusts, may elect to annually be subject to the PTE excise at a 5% rate. Only an eligible PTE can make an election to pay the PTE excise,
and the law will expire if the federal SALT deduction limitation expires or is repealed.
MassCPAs will offer trainings on this new legislation and its impact on our members, and your clients and organizations. Details will be announced soon, so stay tuned!
Lastly, the
deadline apply for reimbursement for our Emerging Leaders Virtual Summit is Monday, November 22.
Don’t miss this exciting opportunity to strengthen your leadership skills and help your firm/organization grow – and save up to 100% on the cost! Just follow these two steps:
- Register for the Emerging Leaders Virtual Summit
- Apply for reimbursement
through the state’s Workforce Training Express Fund
It’s that simple! You do not need to be a CPA to qualify, so take advantage of this opportunity to save on your training costs. For questions, contact Julia Ekelund.
On behalf of MassCPAs, I wish you all a joyful Thanksgiving. We are so thankful for our members!
Amy Pitter
MassCPAs President and CEO
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Get Involved
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JUST ADDED! December Small Firm Roundtables (12/14 - 12/17)
Connect with fellow small firm members in an open discussion about challenges and successes! Please register for the roundtable that best aligns with your geographic location.
- Andover | Tuesday, 12/14 | 12:00 p.m. |
REGISTER
- Braintree | Tuesday, 12/14 | 12:00 p.m. |
REGISTER
- New Bedford | Tuesday, 12/14 | 9:00 a.m. |
REGISTER
- Cape & Islands | Wednesday, 12/15 | 12:00 p.m. |
REGISTER
- Westborough | Wednesday, 12/15 | 9:00 a.m. |
REGISTER
- Western MA | Wednesday, 12/15 | 12:00 p.m. |
REGISTER
- Woburn | Thursday, 12/16 | 9:00 a.m. |
REGISTER
- Attleboro | Friday, 12/17 | 9:00 a.m. |
REGISTER
Please send along specific topics to Jill Foley and come to the meeting ready to join the conversation.
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Virtual Women's Mentoring Circles
- Woburn (12/1 and 1/5/2022)
- Braintree (12/15)
- Statewide (1/4/2022)
- Boston (1/6/2022)
If you're interested in attending, please contact Jess Yu.
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Get Involved Webinar (12/9)
Spend 30 minutes learning how to make the most of your MassCPAs membership! Join us on Thursday, December 9, for this
FREE webinar to gain insight into our programs and how you can get involved. You'll learn about our CPE offerings, committees, conferences, roundtables, networking opportunities, benefits, resources and more!
REGISTER
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NEW! Out of State Virtual Roundtable (1/7/2022)
Have you moved or do you have plans to move out of the New England area and work remotely for your Massachusetts based firm? If yes, we are excited to offer you a new roundtable to connect with peers who are in the same boat.
Please join us for our first meeting on Friday, January 7, 2022, from 12:00 – 1:00 p.m. EST. This group will be a sounding board for you to ask questions, share stories and hear advice from those who are experiencing similar situations.
REGISTER
Email Jess Yu with topics to discuss.
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Virtual Conferences
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Join us December 13–14 for our Emerging Leaders Virtual Summit! This two half-day virtual conference will feature innovative, interesting and inspiring speakers and sessions that will get you ready to take the next steps in your career!
REGISTER
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Our 2021 Virtual Federal Tax Camp is in just a few weeks! Sue Smith, CPA, will once again be bringing her expertise to you! The agenda includes:
- ARPA and Consolidated Appropriations Act of 2021
- CARES Act
- Economic Impact Payments and the Recovery Rebate Credit
- And much more!
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Career Center
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Job Postings
- CPA Part Time - Hall & Company, CPAs
- Senior Auditor - Daniel Dennis & Company LLP
- Staff/Senior Accountant - LMHS, P.C.
- Senior Associate - Shaheen, Pallone & Associates, P.C.
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Per Diem Jobs
- Seasonal Experienced Tax Professional - Vaillette & Sipowicz LLC
- Tax Preparer - G.T. Reilly & Company
- Tax Preparer - Richard S Munroe CPA
- Per Diem CPA - NorthGate Advisors, Ltd
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Volunteer Opportunities
- Form 990PF Filing - Penn Club of Boston, Inc.
- Forensic Auditor - Cape Cod Camp Corporation
- Board of Trustees - Puppet Showplace Theater
- Chair of Finance/Audit Committee - RCAP Solutions
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Sale of LLC Shares if LLC Elected S-corp Status
Pass-Thru Entity Excise Tax (PTE)
S Corporation Distribution of Installment Notes and "Sting Tax"
1031 Exchanges
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*See the results in next week’s Friday@Five!
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Last week's results:
Are you registered for next week's OSHA webinar?
0% Yes
100% No
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MassCPAs Legislative Brief
This week's newsletter featured the DOR SALT FAQs, an update on the MA ARPA bill, President Biden's infrastructure bill and more.
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MassCPAs Knowledge Center
Get insights and thought leadership resources designed to help your business, practice area or career. Our library of free downloadable content includes whitepapers, webinars, product guides, case studies, industry analysis and much more, provided by experts and vendors within the accounting industry.
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©2021 masscpas.org | Massachusetts Society of CPAs
105 Chauncy Street, 10th Floor, Boston, MA 02111
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