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This Month's Conferences

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It’s hard to believe that our State Tax Conference is only six days away. On Thursday, you’ll get the full rundown on tax reform and what it means for you and your clients, and hear from an amazing lineup of tax experts who will provide you with all the information you need for busy season. Come with your questions prepared, because our speakers are ready to help you tackle even the most complex issues!  January is a busy month around here; we’re also gearing up for our Nonprofit Conference , which is less than two weeks away. Recharge your passion for service with updates from the Financial Accounting Standards Board (FASB), information on how to ...
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I recently met with our Small Firms Steering Committee to discuss revitalizing the Committee to better serve our members. One of the ideas that emerged was to survey small firms on tax season operations and issues so they can benchmark best practices. With this resource, small firms can make decisions to create a more successful practice (and hopefully, fewer headaches) during busy season.  The survey was launched earlier this week and will remain open until January 19. Data will be aggregated, and the results will be distributed to survey participants. To participate in this two-minute survey, click here . Please note that this survey is intended for firms ...
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As you know, the conference committee charged with reconciling the differences between the House and Senate tax reform proposals will soon release a compromise bill. We will review the proposal and will continue working in coordination with the AICPA on any lobbying activity while Congress prepares to take final votes. As this process wraps up, we will need to shift our focus to the state to help lawmakers understand the changes that will be made to the tax code, identifying areas where Massachusetts will disagree with federal law. We will look to you and your expertise as we begin that process. Please contact Zach Donah at zdonah@mscpaonline.org with any ...
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Today is the second day of our Federal Tax Camp, and the third time Sue Smith, CPA has presented to rave reviews from MSCPA members. Her knowledge is broad and deep, and she keeps things relevant and entertaining with great stories and examples. I look forward to seeing her again next year! As our members begin preparing for this tax season, we are anxiously waiting for tax reform to settle so we can plan for the massive changes that it will contain. Here is a short article about some of the changes that were included in the Senate version of the bill that passed on December 2. As new information emerges, we will keep you updated through articles, videos ...
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Greetings from Mohegan Sun! I’m writing to you from our New England Practice Management (MAP) Conference and have spent the last three days networking with 150 firm leaders and learning from industry experts. The buzz here is about new ways to think about the profession and practice operations. Recent technology advancements are affecting everything from revenue streams to client communication, and firms must adapt to these changes if they want to remain in business. I’ve enjoyed talking with members in between sessions, and it’s clear that the firm leaders in attendance are committed to their teams and successfully navigating their practices through this transformative ...
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Support the CPA Profession

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I recently met Kibrom, an accounting student at UMass Dartmouth and refugee from Eritrea. He’s wanted to be a CPA since he was a child and left his country in 2011– risking being killed if he was caught crossing the border – just to pursue his dream. Kibrom has a fascinating story ( read it here ) and he received the MSCPA/NABA Scholarship in April. I’m thrilled we can help him get one step closer to becoming a CPA, but there are many other students like Kibrom who also need our help.   That’s why our goal is to reach $1,000,000 in scholarships for the Educational Foundation by February 1, 2018. Having awarded $894,050 to students since 2006, we are close ...
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As you may have read on the HUB, or experienced yourself, the Board of Public Accountancy (BoPA) has been backlogged by license applications and licensee correspondence over the last few months. Unfortunately, the already stretched BoPA staff lost two employees, reducing the staff to one. While we appreciate the solid working relationship we have with BoPA, we are frustrated on behalf of our members who have been experiencing completely unacceptable levels of service.  We are working with the Baker Administration to ensure BoPA has adequate staff and resources moving forward. We will post updates here and also on the HUB. In the short term, if you are ...
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Last night I was reminded of just how fast the world is changing. Nearly 200 members listened intently as AICPA President and CEO Barry Melancon spoke about technology disruptors, such as artificial intelligence, bots and blockchain – changes that are redefining the accounting profession, which will be unrecognizable in under a decade. Learn more about these changes here .   Much of Barry’s discussion centered on the evolving role of the CPA. In these extraordinary times, clients and businesses trust their CPA to help them navigate the disruption. How can we provide greater value to them? As a profession, we have to move ahead faster than ever before. To ...
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I just returned from the AICPA Fall Council Meeting and the emphasis was very much on change and disruption to the profession, both of which are coming to us at lightning speed. Need proof? One of the top three global companies already using bot technology is a Big Four accounting firm. For middle market firms, 73% expect to experience disruption in the next three years. And by the end of 2018, banks are expecting to rely on blockchain for 100% of transactions.   As a profession, our defining characteristics are trust, integrity and understanding the language of business. Given this disruption, the $64 million question is – how will we build on these characteristics ...
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The MSCPA Board Self-Nomination process is currently open through November 1, 2017. We are looking for four members to join our Board and help guide the strategic direction of the MSCPA. Our goal is to have a Board that reflects the diversity of our membership and the many ways members can engage with the Society – whether it’s through committee involvement or other volunteer work. In selecting a Board, we strive for a balance in terms of demographics, ethnicity, geographic location, firm size and industry representation. This is a very exciting time! If you would like to be a leader at the MSCPA and are ready to make the commitment, please consider using our ...
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On Tuesday, I had the pleasure of participating in a HUBweek panel on “Diversity in Business: How to bring meaningful change.”  I am thrilled that the MSCPA was a player in what’s becoming Boston’s signature event for thought leadership. My three big takeaways were: 1) Minority business owners are on the rise. The most recent U.S. Census data shows a 38% increase in minority-owned businesses since 2007 with eight million businesses in the U.S. are now led by minorities. This affects everything from staffing to client service.  2) Inclusion is the key to retention of diverse professionals. It starts with making the “uncomfortable comfortable” – we need to ...
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It’s no secret that the accounting profession is changing at a rapid rate. There’s already been a 38% increase in minority-owned businesses since 2007, and companies in the top quartile for diversity are 35% more likely to have higher financial returns than the national average. Ultimately, for firms and companies to grow, our approach to diversity must evolve.   On Tuesday, I’ll be participating in a panel discussion about unconscious bias in the hiring process, best practices for a diverse workplace, the role diversity plays in venture capital funding, filling the pipeline of future workers and how Boston’s image affects employee recruitment. Joining me are ...
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Over the last two weeks I’ve met with stakeholders about expanding the scope of our committees. These stakeholders represent a broad spectrum of our membership – small, medium and large firms; and public accounting, private industry and nonprofits. While these members hail from different backgrounds and work environments, they all expressed the same need: to network with their peers, hear from knowledgeable speakers, and to discuss best practices and approaches to legal, regulatory and technical changes.   Our next step is to find volunteers to bring these great ideas to life. We have volunteer opportunities for both short-term and long-term commitments – you ...
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I’m excited to announce the launch of the MSCPA’s ad campaign, “Why Use A CPA?” which was released on Wednesday. The campaign promotes the value that CPAs provide to their clients year-round, and their role as the trusted advisor. The video, which was created with feedback from our members, will run on social media through October 19 and drives traffic to the Find A CPA Directory. To add your firm to the Directory, visit our website. To watch the video, click on the image below or click here : In addition, 28 firms took advantage of our opportunity and received customized videos customized that link to their firm’s website. ...
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I had the pleasure of accompanying Jay Rothstein from the AICPA on his visits to G400 firms in Massachusetts this week. These visits confirmed for me that hiring and retaining staff are still the biggest issues for all firms, and adding more diversity to the profession is critical for our growth. In response to this need, the MSCPA launched new initiatives this year to help fill the accounting pipeline with diverse candidates. One particularly exciting program was the new Accounting Career Awareness Program (ACAP), which is an opportunity for young people from underrepresented ethnic groups to experience a free, week-long program at Fisher College to increase ...
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I’m thrilled to announce that the MSCPA has partnered with PwC for an important conversation about the need for diversity in the workplace – and how it benefits businesses. The discussion will take place on October 10 and is part of HUBweek, Boston’s popular festival for the future that unites leaders from the top business sectors in Boston. Diversity is a challenge for many industries – financial services, technology, biotech, etc. – yet with a 38% increase in minority-owned businesses since 2007, progress in this area is critical for these industries to remain profitable. Our introspective panel will cover unconscious bias in the hiring process, best practices ...
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Advocating on your behalf is at the heart of our Society. We travel to Beacon Hill and Capitol Hill to ensure that the accounting community has an impact on public policy, particularly with those issues affecting the profession and economic vitality Commonwealth. Our efforts are ongoing, and you can our recent legislative efforts that impact you in the August issue of The Capitol Account .   Speaking of advocacy, I wanted to share an update on our efforts with the DOR. Earlier this month, we sent a letter to Commissioner Harding, urging him to take action and publicly admit the DOR’s failures last tax season. The response has been mixed; the DOR responded ...
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There’s no doubt we live in interesting times, but did you know the CPA profession will be “unrecognizable” within 10 years? According to AICPA President and CEO Barry Melancon, CPA, CGMA, cybersecurity, blockchain, artificial intelligence and technology will leave most practices radically altered – and these changes are starting now. Melancon will come to Massachusetts on November 2 to discuss the very real forces that are changing the accounting profession, and how MSPCA members must evolve to stay ahead – and remain in business. I strongly encourage you to attend this presentation, and you can register for it here . There will also be a pre-session ...
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Support Your Society

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This summer is flying by! For those of you with kids in college, you're probably already packing and prepping them to take on their freshman, sophomore, junior or senior year! For the MSCPA, this is the time we start thinking about scholarships. This year with your support, we hope to reach over $1 million in scholarships awarded to aspiring accountants. For these kids, with their inspiring stories and big dreams, scholarships will make all the difference – allowing them to focus on academics rather than worrying about how to pay next month's rent or tuition. To "meet" some of our scholarship recipients, click here . The Women's Golf Outing in June raised ...
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Click the video below to hear my update on the MSCPA’s ongoing efforts with the DOR.
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