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While it’s an exciting time with school recently being back in session and tomorrow marking the last day of summer, the rising costs of education makes pursuing an accounting degree a challenge for many. This reason, coupled with  the profession’s increasing talent shortage , is why I’m asking you to consider giving to the MSCPA’s Educational Foundation, which provides financial assistance for programs that benefit students, educators and ultimately, you. I am proud to say that the Foundation has awarded over $1,000,000 to deserving students since 2006. However, the level of need has never been greater, and with your support, we can help remove the barriers ...
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We’re off to a busy fall! Our Academic and Career Development team has been having a blast visiting campuses across the state and making students aware of all the benefits and resources that our MSCPA student members receive. We are excited about our upcoming annual  MSCPA Career Fair & Graduate School Expo  on September 21 at the Marriott in Boston’s Copley Square. We have 50 exhibitors, a mix of public accounting firms and graduate schools that are excited to meet students and talk about available opportunities!   This is a great chance for students to meet recruiters from local, regional and international firms as well as reps from colleges/universities ...
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MSCPA Media Milestone

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I’m very happy to report that we reached an important milestone this week in our efforts to build and support the CPA brand.  We now have more media placements (72) as of September 1 of this year than we had in all of 2016. These placements highlight the achievements of our members , the expertise of our members , the philanthropy of our members , the generosity of our members and the thought leadership of our members (please note: this article is only accessible to State House News Service subscribers) . We also have been front and center with opinion pieces on tax reform, the impact of technology on the profession and issues of diversity and inclusion. ...
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What an exciting week! I’m thrilled to announce that we’re launching a new early college academy at Haverhill High School this September. The academy is a four-course accounting track that allows interested students to earn up to 12 college credits at UMass Lowell. It is the first accounting-focused, early college initiative in Massachusetts, and our goal is to see it spread across high schools in the Commonwealth and eventually across the country. The MSCPA drove the initial coordination; working with NAF, Haverhill High School and UMass Lowell and forming a 10-person board to help develop the academy. As part of our efforts to fuel the accounting pipeline ...
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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, ...
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I'm excited to announce that we're launching our Women's Mentoring Circles this fall! The program provides members with a confidential forum to discuss issues working women face daily, such as professional development, networking and work-life balance. Each Circle is made up of a group of women of varying levels of experience from a wide range of practice areas and industries. The program benefits women of all ages and in all stages of their career; junior members learn from those with more experience, and mid-level and senior professionals gain an invaluable opportunity to hone management skills, build relationships and develop referral networks. The idea ...
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I am pleased to announce that our 2018 Women to Watch Award winners have been selected! We had a record number of 33 nominations this year and it was a very difficult decision for the judging panel. The Women to Watch Awards recognize outstanding women in the accounting profession and are given in two categories: Emerging Leaders (fewer than 15 years in the profession) and Experienced Leaders (15 or more years in the profession). Congratulations to these seven outstanding women:  Experienced Leaders Jessica T. Ackerman, CPA, Audit & Assurance Managing Director, Deloitte & Touche LLP Cheryl M. Burke, MBA, Partner and Chief Operating ...
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The Massachusetts Legislature wrapped up the 2017-2018 legislative session in the wee hours of Wednesday morning. Throughout the two-year session, lawmakers reached agreements on some key pieces of legislation and MSCPA served as your advocate, both as accounting professionals and employers.   We participated in the successful legal challenge to the so-called “millionaire’s tax,” fought back against efforts to provide confidential taxpayer information to additional state agencies and advised the legislature and administration on the potential impacts of federal tax reform. Additionally, we continued to advocate for meaningful changes to the state’s independent ...
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This week I had the pleasure of welcoming a talented and diverse group of high school students during C.A.M.P. (Careers in Management Professions). C.A.M.P. is a one-week residential program for high school students exploring careers in accounting and business. It’s coordinated by UMass Amherst Isenberg School of Management and co-sponsored by the MSCPA and EY, as well as Rick Gulman, CPA, partner and co-founder of DiCicco, Gulman & Company, and his wife Susan; Scott and Melissa Kaplowitch; and Mark and Margery Piercey. On Wednesday, the students spent the day in Boston, listening to a panel of MSCPA members at EY’s beautiful conference center, and then ...
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The pace of change will never be as slow as it is today. That’s the key takeaway from the AICPA’s Interchange Conference, which was held in Arizona this week. The conference brings together teams from state societies across the country for a week of learning about the changes happening in accounting, and discussions on how we can help our members navigate the road ahead. Several MSCPA staff attended to learn about trends and best practices, and to network with folks who share our goal of providing the best possible member experience. One of the highlights of Interchange was a presentation from AICPA CEO Barry Melancon who spoke about technology ...
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One of the most important ways we can fuel the accounting pipeline is to remove barriers from entering the profession, and offering scholarships to accounting students is one way we can help build a diverse talent pool. Many accounting students in Massachusetts are only able to pursue their degrees because of financial support from firms, companies and individuals like you – and the level of need has never been greater. As our Educational Foundation enters a new fundraising year, I’m asking for your support. The Foundation strives to award scholarships to accounting students from Massachusetts colleges and universities. The scholarship program was founded ...
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I’ve said it once and I’ll say it again – the emergence of innovative technologies such as data analytics, machine learning, artificial intelligence (AI) and blockchain are predicted to be potential drivers of transformation in the profession, and are expected to change the way accounting firms are managed in the near future.   Technology changes and the pace of change mean that it is more important than ever to be aware of how other firms are responding and keeping up. To make sure you are in the know, I highly recommend that you take the AICPA’s newly designed 2018 PCPS/CPA.com National MAP Survey , which was launched last month and has been streamlined ...
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Some of the most important work the Society does is to advocate for our members, at both the state and national levels. Much of this work is done behind the scenes, but we rely on member feedback to help us navigate the issues. Two matters recently came to our attention, which I’d like to share with you to get your feedback. You may have heard that the AICPA recently decided to make the Accredited in Business Valuation (ABV) credential available to non-CPAs. The AICPA’s position is that there is a greater demand for business valuation services, and non-CPAs can fill that need with training from the AICPA. However, this decision has been upsetting for many CPAs. ...
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We’re hearing from more and more firms that staffing continues to be a top issue – and not just in Massachusetts. According to the AICPA, finding qualified staff was the number one issue for every firm size except sole practitioners last year. To help firms connect with high potential, entry-level candidates and interns, the MSCPA is publishing the 2018-19 MSCPA Firm Guide , which will be distributed to approximately 2,500 college students and career centers across New England this fall.  I strongly encourage firms to consider joining the Guide as a way to attract talent outside of your normal recruiting efforts. We consistently hear from students ...
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IRS Updates

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Many members are asking when the IRS will issue guidance on the new Internal Revenue Code section 199A. It’s one of the most-asked about topics at our events this spring. According to IRS Commissioner David Kautter, guidance is coming in the next few weeks. Kautter also said the IRS is trying to hit the key points with the proposed regulations (implying they will not address many of the less-urgent points in the initial guidance). He noted that the proposed regulations will likely include general rules, aggregation rules, anti-abuse rules and the definition of specified services.    The AICPA has offered suggestions on guidance to the IRS, including identifying ...
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We’re knee-deep in the Society’s “busy season,” and I’ve loved seeing so many of you at our events and conferences ! I’m constantly reminded of how outstanding our members are, and we want to recognize your accomplishments. With that in mind, I’d like to remind you that nominations are open for the 10 th Annual Women to Watch Awards ! We’re looking to celebrate women at all levels in their careers, for both public accounting and industry. If you know someone we should honor, please submit a nomination by Monday, July 2. We are looking for women who are:  ​​​​ Role models/mentors; Distinguished leaders in her firm/company; Committed ...
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One of the most important things we do at the Society is to help fuel the pipeline to the accounting profession with high potential, diverse and enthusiastic young people. Many of these aspiring accountants have much to overcome on their way to a successful career. Some need to believe that accounting could be right for them, others need support to study and sit for the Exam, and many need financial assistance to ease their path through college. I’m thrilled to announce that as of this year, we’ve awarded over $1 million in scholarships to worthy accounting students since 2006! Thank you to the firms, companies and individuals who donated to our Educational ...
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Important Notices for You

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What a week it’s been! Earlier this week I traveled to (a very hot and sunny) Tucson for the AICPA’s Spring Council Meeting. The themes and the message were clear: robotics, AI and Blockchain are no longer on the horizon; they are here and already having major impacts on everything from college curricula to firm business models. The audit of the future is also on its way with changes required to technology, methodology, standards and skills. I just had an article published in the BBJ on these changes impacting our profession, and I will keep you informed on new developments and what they mean to you.  Another topic of discussion at Council was the new General ...
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Things are changing quickly in our profession and we are always looking for ways to support our members through these complex times. One way we do this is by visiting firms to talk about trends in the profession, what’s new on the hill and how members can take advantage of our offerings to be better equipped to succeed, both in their careers and the profession. The agenda for each visit is tailored to the unique needs of the firm, and they last an hour and are eligible for one CPE credit. In the last year, we’ve been all over the state, and I’d love to visit your firm this spring. To schedule your visit, please contact me at apitter@mscpaonline.org
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It’s a busy time at the MSCPA! We kicked off the new membership year last week at our Annual Meeting & Networking Reception, which took place at the New England Aquarium’s IMAX Theatre. It was a celebratory evening complete with networking, welcoming new board members and Chairman Mark Nichols, CPA, MBA, MST, recognizing new CPAs and a presentation from the vice president and CTO of the Boston Celtics. Thank you to everyone who attended and made the event a success! To view the photo gallery, click here (to download photos, use password: annual18).  With the new membership year officially underway, it’s also time to renew your dues. Second dues ...
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