Sponsored by:

Dear Hannah:

Here is some scary data to think about: according to recent research, 25% of millennials in accounting would like to leave their jobs in one year, and 44% in two years.

I am writing today from the MSCPA's Perspectives on the Pipeline Symposium. I just heard from a panel of four outstanding young people. Two of them are still in school and two recently joined the profession. Their message came through loud and clear: they are not sure about the partner track, but they would like to be managers. The takeaway is that retaining them is crucial, and what gets them to stay are your people and your culture. They want to be in a friendly and welcoming environment where they believe they are valued as employees and as people. This is more important than money (although financial support to take the CPA Exam is valued). They want to know that their input is heard and appreciated, and they want to do work that they connect with. They want to make personal relationships and they want flexibility.

This symposium represents only part of the population of our members and future members. I want to hear more about what the millennials want and need. If you have any thoughts, or if you have heard any good insights, please let me know.

All interesting input to consider over the weekend.

Sincerely,

Amy A. Pitter
President & CEO

New Volunteer Opportunity

- Boston Strong Disaster Relief, Inc. - Treasurer

Photos: Membership Night Out at the Bruins

On Tuesday, January 26 MSCPA members ventured to TD Garden to watch the Bruins play the Anaheim Ducks. A networking reception was held where members enjoyed food, cocktails and mingling.

FEI Boston Executive Event (2/10)

All MSCPA members are invited to FEI Boston’s February Executive Event at the Newton Marriott Hotel. FEI is offering a $60 discounted rate for MSCPA members. 

Negotiate for More than Salary When Taking a Job

5 Outrageous, but Legitimate, Tax Income Deductions

NEW! Employee Benefit Plan Conference (5/20)
Conference highlights include a Department of Labor update from Ian Dingwall, CPA, Employee Benefits Security Administration.

Upcoming Webinars
Need a CPE quick fix? Look no further. We offer hundreds of webinars that you can take right from the comfort of your own home—or office. Check out these webinars coming up this week:

     10 Steps to a Digital Office in the Cloud (2/2) 

     Fraud: 10 Scary Cases in Audits (2/2)

     Powerful Features You May Have Missed in Excel (2/3)

Gov. Baker Releases FY 17 Budget, Proposes Single Sales Factor
Governor Baker unveiled his FY 17 budget proposal on Wednesday, calling for a 3.5% increase in spending. The additional proposed investments, in part, target local aid, vocational education and job training programs, and substance abuse treatment. Filed separately, the Governor has proposed reducing the film tax credit and using the revenues to phase-in single sales factor.

Gov. Baker Files Economic Development Bill
Off the heels of his budget release, Governor Baker filed an economic development bill which will allocate nearly a billion dollars over 10 years to local infrastructure and housing projects, private-public research programs and other development projects. The proposal features a number of reforms, including changes to the job-creation tax credit.

MA Revenue Committee Approves “Millionaires Tax” Amendment
The MA Legislature’s Joint Committee on Revenue voted 12-4 to approve a proposed constitutional amendment to establish a 4% surtax on income over $1 million. The proposal, which must be approved by Massachusetts voters, has a long way to go before it reaches the ballot. A joint meeting of the legislature must approve the measure in two consecutive legislative session with 50% of the vote in order to qualify for the 2018 ballot.

---