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Your Weekly MassCPAs
Member News
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Dear Hannah,
Staffing continues to be
a top concern for our members and having a robust benefits and
salary package is critical as firms compete for top talent. To
help, MassCPAs recently launched our 2022 Compensation and
Benefits Survey for public accounting firms in the state. The
survey asks questions regarding staff structure, compensation
levels for all staff, employee profiles, specific benefits
offered and their cost.
We have engaged an independent research company to collect and
report the data, protecting the privacy of each firm’s
response. A survey link was emailed last week to the person at
each firm who is most familiar with overall compensation and
benefits. If you have any questions about the survey or need a
new link, please email our survey consultant Kevin Whorton via email.
The survey will close on Monday, August 8, and all participating firms will
receive a free copy of the report in mid-September. Estimated
completion time is between 15 minutes and an hour or more,
depending on your staff structure. The value of this study’s
report is directly related to the number of participating
firms. Sixty-three firms participated in our 2020 Compensation
and Benefits Survey, and they were very happy with the process
and final report, so I strongly encourage all firms to complete
the survey.
Lastly (and because
there’s never a dull moment!), the IRS is warning that identity
theft scams are on the rise. To protect your clients, your
organization and yourself, please refer
to this guide from the Federal Trade Commission on how to
recognize and avoid phishing scams.
Stay safe and have a
great weekend!
Amy Pitter
MassCPAs President and CEO
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Curated CPE Bundles
Take the courses that matter most to you when it fits in
your schedule! We’ve packaged a selection of courses based
on member feedback, so you can get up to speed at your
convenience. Bundles include:
- Accounting & Auditing
- Industry
- Tax
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FREE Training with MassCPAs
Since last July, 200 firms/companies
took advantage of the updated state Workforce Training
Express Fund and saved more than $500,000 on
their CPE with MassCPAs. This year, more than 80
firms/companies have already taken
advantage of this incredible opportunity.
To qualify, you must register and apply
for reimbursement three weeks prior to the start of the
program/event.
Visit
our website for details or contact Julia Ekelund.
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Upcoming CPE – Get
This for FREE:
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Deadline to apply for
reimbursement: August 5
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Important Legislative Updates
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$52
Billion FY23 Budget Signed; Updates Personal Income Tax
Conformity Date
Governor Baker signed the FY23 budget yesterday, which includes
an update to the Massachusetts personal income tax conformity
date from the current 2005 version of the Internal Revenue Code
(IRC) to the one in effect as of January 1, 2022. We are grateful
to the Baker Administration, Legislature and staff members who
met with us numerous times over the last few months as we
advocated for this update. LEARN
MORE
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Information
for Tax Practitioners
Below is information from the Department of Revenue (DOR) that
you should know:
- The DOR is
hearing from taxpayers about an email phishing effort that
appears to be from the DOR. The phishing email states that
the person named in the email may be incorrectly claiming an
out-of-state location and prompts the recipient to click on
a link to correct it. The hyperlink is named “Massachusetts
Department of Revenue” and could easily lure some to tap it.
Feel free to let your clients know of this effort. The DOR
is getting the word out through some social media as
well.
- The path to
third-party access to a client’s account on MassTaxConnect
will be streamlined in mid-August to only be generated by
the third party and approved by the client/taxpayer.
Currently, there is an option for the taxpayer to generate
the third-party access through their account. That will no
longer be available as of August 17.
The
DOR sent out this
communication to third parties on their “Third-Party Public
Directory” to let them know about the change. Updates to the DOR
webpages will be made on August 17 to reflect the process.
Questions? Contact Larry
Liuzzo.
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Summer Virtual Conference
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LAST CHANCE TO REGISTER! Join MassCPAs,
the New Jersey Society of CPAs, the Virginia Society of
CPAs and Connecticut Society of CPAs next Tuesday, August
2, to get important updates on the adult-use cannabis
industry and must-know information for CPAs looking to
serve cannabis clients in any part of the supply chain. REGISTER
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August Committee Meetings*
*Registrants can now view the Zoom link
for their upcoming meetings here.
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Write
for
SumNews!
MassCPAs is looking for external articles to include in SumNews. If
you or someone you know from your firm are interested in
authoring an article on a timely topic, please reach out to Lindsey Baker.
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Join MassCPAs on Wednesday, August 17,
for a joint networking reception along with the Financial
Planning Association of New England NexGen group, the
Boston Estate Planning Council and Trusts and Estates
Consortium. You'll enjoy happy hour at the rooftop pool at
Hotel Colonnade in Boston and meet some of Boston’s best up
and coming CPAs, attorneys, financial planners and other
experts. This is a great opportunity to help you grow your
business through referrals down the road. REGISTER
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Join fellow MassCPAs members at Fenway
Johnnie's on Wednesday, August 24, for a fun night of
networking before heading to Fenway to watch the Red Sox
vs. the Toronto Blue Jays. REGISTER
Please
note: This is a member-only event. Tickets
are limited, and seats will be in the Right Field
Grandstand. Maximum of four member registrations per
transaction.
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Wind up for the Karter Kup Tennis
Scramble on the grass courts of the Tennis Hall of Fame in
Newport, RI! All members and non-members are welcome to
play. Sign up as an individual or foursome. This is a fun
day on the courts and all levels are encouraged to
participate. REGISTER
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Business
Skills Virtual Bootcamp
Take
your leadership skills to the next level by registering for our Business
Skills Virtual Bootcamp! This series
will strengthen the core leadership, business and communication
skills you need to lead teams, manage clients and succeed in your
organization.
Register
below for our remaining sessions of the series:
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Latest
HUB Discussions
DOR
Update: Phishing Emails and Third Party Access to Client's
Account on MassTaxConnect
Late S-Corp Election Approved by the IRS for an LLP?
Client Assistance with Delinquent Tax Balances Referral
Valuable insights for your firm with MassCPAs Public
Accounting Firm Compensation & Benefits Survey
READ MORE
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*See
the results in next week’s Friday@Five!
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Are you
interested in authoring an article for SumNews?
60% Yes!
40%
Not this year
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MassCPAs
President and CEO Amy Pitter will host a one-hour virtual or
in-person session to help your staff stay updated on the
profession and find out how they can make the most of their
memberships! The agenda can be tailored to fit your firm's
unique needs. To schedule your visit, contact Jill
Foley. Attendees earn one CPE
credit.
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MassCPAs
Legislative Brief
This
week's newsletter featured information on Governor Baker's
signed FY23 budget, bills that are currently before the
conference committee and more.
READ THE NEWSLETTER
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MassCPAs
Knowledge Center
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.
HEAD
TO THE KNOWLEDGE CENTER
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Tax
Manager/Senior Tax Staff - Kenneth Freed & Company, PC
Tax
Professional - FFC CPAs, LLC
Tax
Manager and Financial Planner -
R. Miller & Associates
VIEW
ALL JOBS
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CPA -
Jeffrey E. Dorenfeld, CPA
Experienced
Associate - E.L. Mann, PC
VIEW
ALL PER DIEM JOBS
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Treasurer/CPA
Consultant - Massachusetts PTA
LEARN
MORE
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MP CPAs,
Springfield, announced that SHARON BLAZEJOWSKI, CPA,
was promoted to senior audit manager.
SHARE
YOUR NEWS
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of CPAs
105 Chauncy Street, 10th Floor, Boston, MA
02111
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