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Dear Elizabeth:
I am on my way to the AICPA fall council meeting which is being held in Maui this year. For me, the three highlights of the meeting
will be AICPA CEO Barry Melancon’s update on the state of the profession, connecting with state execs from all over the country and
planning for next year with the executive committee of our board of directors and COO Beth Lyons. The time away will allow us to reflect and make sure
we’re doing everything we can to respond to the changing dynamics and pressures you face each day.
I'm particularly interested in two areas: The first is how we can build on our current
efforts to fuel the pipeline. As I've mentioned previously, we are working locally to have accounting explicitly recognized as a STEM field, and I'm
eager to learn how this issue is being addressed in other states and at the national level. Second, I'm excited to hear Barry’s insights on what
we can do to sustain and protect the profession in an age of increased regulation, specialization and globalization. I will report back when I return
next week. Have a great weekend!
Amy A. Pitter
President & CEO
NETWORKING & MEMBERSHIP:
Upcoming Committee Meetings - Federal Taxation (10/20): Andrew Hatfield of cPaperless will discuss implementing e-signatures in your accounting practice
- Accounting & Auditing (10/21) -
Litigation Consulting & Business Valuation (10/21) - Real Estate (10/22)
- Nonprofit Accounting & Auditing (10/22)
Last Chance to Register for Young Professional Wine Tasting and Networking (10/20)
Join the MSCPA on October 20 at one of Boston's best tasting rooms. Network with other young
professionals while sampling wines ranging from Californian chenin blancs to Argentinian malbecs. The cost includes appetizers, wine tasting (6
wines) and beer and wine.
Speed Networking: Group Mentors Wanted (1/13)
The MSCPA is looking
for mentors to participate in a speed mentoring event on January 13 at 4:00 p.m. Each mentor will chat with a group of four or
five CPAs for about five minutes before moving to the next group. The event will end with a networking reception. Please contact Julia Bowker if you are interested.
Join the MSCPA Find a CPA Directory Tax season is just around the corner!
List your firm in the directory where potential clients go to find a CPA. Sign up today through December 31,
2015.
High School Speaking Opportunities Inspire the next
generation of CPAs! Check out our speaking opportunities at local high schools. We can provide you with giveaways and speaking materials to help make
your talk a great success.
NEWS &
RESOURCES: The Talent that Firms Really Want Firms are looking for top talent,
but that talent looks nothing like the stereotypical accountant of old. To catch the eye of firms, the next generation must be attuned to trends
sweeping the profession, and be ready to evolve with them. MSCPA president and CEO Amy Pitter identifies the skills that will take you from candidate
to employee.
7 Interview Tips to Win the Accounting Talent War
Finding qualified candidates is one of the main problems facing the accounting profession
today, according to a recent survey by the AICPA. Here are seven tips to ensure firms identify the strongest
candidate.
CPAs: Criminal Pursuing Agents
Accountants work in various ways, sometimes even undercover, to fight illegal activities ranging from fraud to
racketeering.
How CPAs Can Guide Business Owners
Through Succession Planning
CPAs have a critical role in helping owners of small and midsize businesses exit their companies happily and gracefully. Learn
how you can help clients - and their businesses - handle succession planning.
CPE:
Passive Activity Rules & the New Net Investment Income Tax (11/5)
The new net investment income
tax rules are extremely complicated and require an in-depth understanding of election and planning issues that CPAs need to know. The IRS has been
very aggressive in audits under the passive loss rules and will now expand their investigation to include the new NII tax.
Mastering Basis,
Distributions and Loss Limitations for S Corps, LLCs and Partnerships (11/6)
The most difficult concepts to master when dealing with flow-through business entities are
the basis and distribution concepts. Major error and malpractice issues occur if the CPA does not fully understand the impact of these rules. This
course is designed to focus on the practical applications of these rules.
Fraud and Forensic Accounting Conference
(12/2)
Go “beyond the checklist” to discover how you can fact-find and detect
fraudulent activities in your clients’ files or even your own! Larry Benson of LexisNexis will share a glimpse into the world of identity theft
and its impact on the accounting industry. Plus, hear the compelling true story of Toby Groves as he uncovers the psychology behind corporate scandals
and how research can provide clues to finding real solutions to fraud.
LEGISLATIVE UPDATE: DOR Update - Annual Update of Real Estate Tax Credit
for Certain Persons Age 65 and Older
DOR Regulation Review As you may know, Governor Baker has
initiated a comprehensive review of all regulations issued by state agencies within the Executive branch of Massachusetts government. Each state
agency is currently in the process of reviewing its regulations to be sure those regulations are clear and concise and not unduly burdensome. The
DOR would like your input. Please take the survey and tell them what you
think.
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