This week's top accounting news and updates!
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Dear Elizabeth,

Do you like your information the old fashioned way - ink on paper, or do you prefer digital? Either way, we have you covered with SumNews! The July issue has something for everyone with a great article by Jason Zorfas, Brian Marks and Gregory Devlin from EY on how to work with the DOR on voluntary disclosure agreements, an interview with economist Mike Goodman on what the future holds for small businesses in Massachusetts, a spotlight on our Board Chairman Carla McCall, information on the top five challenges for accounting firms and everything you need to know about the revised fiduciary rule. Plus, updates on what’s happening in our member firms and great pictures from the Young Professional After Tax Season Bash and our Annual Meeting. I also wrote an article the MSCPA’s efforts to introduce accounting into the STEM curriculum in our local middle schools and high schools. You can read about it here, or check out my latest blog post in The HUB. 

Happy summer reading and have a great weekend!

Amy A. Pitter
President & CEO


NETWORKING EVENTS & UPDATES

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New Volunteer Requests

  • Accounting Systems Upgrade - Radius Ensemble
  • Treasurer Question - Foster Kids of the Merrimack Valley

Two Tickets Available for the BBJ’s CFO of the Year Awards
As a proud sponsor of the Boston Business Journal’s Annual CFO of the Year Awards, we have two tickets available at our table. If you’re interested, we’d love you to join us for this event! Email Kara Kieran for more information. We’ll enter your name into a drawing if there’s interest from multiple members.



Save the Date: CPArty! A Night to Celebrate New CPAs (8/18)
Join the MSCPA at Coppersmith for a night of fun and celebration. All CPAs certified/licensed in 2015 are welcome! Please preregister to reserve your spot.




New England Interstate WPCC - Audit RFP for the Years 2016-2018
New England Interstate Water Pollution Control Commission (NEIWPCC) requests proposals for the examination of their financial statements, including major awards for the fiscal years ending 9/30/16, 9/30/17 and 9/30/18. An audit of our 403(b) Tax Sheltered Retirement Plan for the calendar years 2016, 2017 and 2018 conducted in accordance with DOL guidelines is also required. Please visit www.neiwpcc.org for a copy of the request.


NEWS & RESOURCES

Top Five Challenges for Accounting Firms



Eight Pieces of Advice Every Young Professional Should Be Told



Data Sharing Among States Key to Better Business Tax Compliance





LEGISLATIVE UPDATE

MSCPA and Attorney General’s Office Warn of Continued IRS Scams
Despite the fact that tax season has come and gone, IRS scammers are still on the prowl. The MSCPA has been alerted by many members of threatening phone calls impersonating IRS agents who demand payment on phony tax bills. Please share this with your clients.


MSCPA Urges Caution Ahead of House Debate on Pay Equity Legislation
In a letter to House Speaker Robert DeLeo, MSCPA President & CEO Amy Pitter warned against including in an upcoming bill addressing pay equity language from prohibiting an employer from asking the current salary of a prospective employee and urge caution when evaluating what determines equal work. The letter also suggests broadening the scope of initiatives employers can use to achieve pay equity. The House is slated to debate their version of the bill next week. 



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