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Dear Elizabeth:
I’ve used this space before to remind you that the Mass DOR will unveil its new software,
MassTaxConnect (MTC) for Business on November 30. We are working with the DOR to give you the most up-to-date information about the system. To date,
we have created the following opportunities for you to learn about the changes that are just around the corner:
•
SumNews – Five MSCPA members demoed MTC
this summer. Their feedback will be featured in the November issue – be on the lookout!
• Video
– Watch this informative 15 minute video just
released from the DOR.
• Live
Demos – We are scheduling live MTC demos with opportunities for Q&A. The demos will take place at meetings of the MSCPA Small Firms
Committee and State Tax Committee (date/time is TBD). The DOR is open to more demos, so please let me
know if you are interested.
Also on the DOR
front, the Taxpayer Advocate will do a regular column in SumNews that we are calling “Ask the Advocate.” If you have questions
about DOR policies and procedures, in general or as they have applied to your clients or business, send them
to me or Elizabeth Emanuelson and we’ll get them to the Advocate. Obviously, this is not
the place to talk about one specific case, except as it illustrates a more general concern.
We are always looking to team with the DOR in ways that benefit you – we’ll keep you posted on
these opportunities as they arise.
Have a wonderful weekend,
Amy A. Pitter
President & CEO
NETWORKING:
Upcoming Committee Meetings
• Federal Taxation (9/29)
• State Taxation (9/30)
Young Professional Wine
Tasting and Networking (10/20)
Join the MSCPA at one of Boston’s best tasting rooms. Network with other young
professionals while sampling wines ranging from Californian chenin blancs to Argentinian malbecs.
Sip
& Socialize (11/12)
Are you ready to get to the next level? Visit MC Spiedo in the Seaport District for
cocktails and networking with CPAs and lawyers. Make new contacts and unlock the possibilities in your career!
MEMBERSHIP:
MSCPA Career Center - The Perfect Place to Find Your Perfect Candidate
(and Save 30%!)
We know that finding the right candidates to fill your open positions is a challenge. Make
sure your opportunities are being seen – post your search on the MSCPA Career Center today and gain exposure to a talented accounting and
finance candidate pool. Take advantage of our fall promotion and SAVE 30% off your job posting (use code FALL30). Hurry, offer expires on
October 10.
Temporary Job Opportunities
Looking for extra help? Check out the temporary job opportunities on our website! New positions are posted regularly.
NEWS &
RESOURCES:
The Professor Path: High Demand for CPAs in Higher Ed
What's better: practicing accounting or teaching it? MSCPA member Jared Koreff, CPA is on a mission to find out.
The former practitioner recently left public accounting and enrolled as a Ph.D. student at the University of Central Florida. Find out what life
is like for him now - and if the grass is truly greener on the other side.
Panelists Favor More Disclosure on Nonprofit Entity Liquidity
Disclosures should be improved to provide users
with quality information to assess a nonprofits' liquidity, but what and how this is communicated is key, panelists say at FASB's roundtable
discussions.
How Millennial Investors Compare with Those from Other Generations
Millennials have confidence in some of the same areas as
investors from other generations. But millennials also have some different priorities and concerns, according to a new Center for Audit Quality
survey.
CPE:
Auditing Employee Benefit Plans (10/20)
Learn how to master the
fundamentals of auditing employee benefit plans in accordance with AICPA and EBSA standards and avoid the problems that are often encountered. This
course is designed to give you an understanding of requirements and audit procedures related to defined contribution, defined benefit and health and
welfare plans to help you more effectively plan and carry out your audit.
We Want Your Feedback!
Twenty-four firms are participating in the State Workforce Training Express Fund, and we
want to know if others will be joining this group. If you are interested, please contact Julie
Deschenes with your firm information and contact person. We will follow up with members to assess satisfaction with the program, and to see what
Society programs should be included. Currently, 40 programs have been uploaded to the state website, (including all Society conferences) and a select
group of 8-hour seminars.
The program is
designed to assist qualifying employers with 100 or fewer employees receive up to 50% reimbursement for the cost of training. For more information, visit our website or contact Julie.
LEGISLATIVE UPDATE:
MSCPA Requests Support for Financial Literacy Curriculum
This week, the MSCPA submitted a letter to
legislators in support of several bills that would introduce financial literacy in Massachusetts’ public schools. The letter, sent to the Joint
Committee on Education, cited the growing debt among individuals and the need for a financially literate workforce
as two main reasons for the requirement.
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