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

I am thrilled to announce the launch of The HUB, an online community exclusively for our members. It’s been exciting to see such lively discussions on there this week and I hope you will continue the conversation!

This platform will also help us communicate more dynamically with our members by responding more quickly to your needs and receiving your input on critical professional issues. We’ll be able to plan events, CPE programs and share content based on your feedback.

I’ll be blogging on the HUB as well – Click here to find out why CAMP matters.

I hope you all have a wonderful holiday weekend – Happy 4th!

Amy A. Pitter
President & CEO


NETWORKING EVENTS & UPDATES

Have You Seen The HUB? 
Login to our new online member community to join the conversation. Sign in using your MSCPA login and password.
  • Latest Posts:
    • Mass Meals Tax Audit
    • Management Rep Ltr for Disclaimer / Adverse Opinion on Financials
    • 1031 Issue in Partnership


DOL's Final Rule on Overtime Changes & FLSA "White Collar" Exemptions (7/13)
Learn about the Department of Labor's upcoming new rule and how you can begin strategic preparations for the significant changes ahead! The final rule will come into effect on December 1.



How Does Your Firm Stack Up?
Is your firm on par with your competitors? Find out by taking the 2016 National MAP Survey! National and by-state results will be released this fall. How does your firm stack up? Take this survey to find out!



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.




Save the Date: MSCPA Tennis Tournament (8/25)
Wind up for the Karter Kup Tennis Tournament at 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. Email Kara Kieran to learn more.


Save the Date: MSCPA Career Fair and Academic Expo (9/30)
Join us on Friday, September 30, 2016, 1:00 – 3:00 p.m. at the Sheraton Boston Hotel. Stay tuned for details!


NEWS & RESOURCES

MSCPA in the News

Accounting Is a Sector on the Front Lines of Innovation (BusinessWest.com
)

TED Talks That Will Inspire CPAs




LEGISLATIVE UPDATE

Massachusetts Legislature Approves FY 17 Budget
Amid declining tax revenues, the Massachusetts House and Senate approved the Fiscal Year 2017 Conference Committee report on Thursday, the final day of Fiscal Year 2016. The proposal limits spending growth to just 2.6% and relies on the assumption that the Commonwealth will not meet the economic thresholds to trigger a reduction in the state income tax, saving an estimated $80 million. Notably, the bill also omits the Senate’s proposal to expand access to tax return information to the Inspector General’s office, a proposal the MSCPA lobbied aggressively against (See opposition letter here).

Massachusetts House Passes Bill Limiting Non-Compete Agreements
Under the proposal passed unanimously by the Massachusetts House of Representatives, most non-compete agreements would be restricted to one year and would be unenforceable on minimum wage workers, college students and employees 18 years old or younger. The plan also includes a limited “garden leave clause” that, in some cases, would guarantee a worker who left a job half of their salary for the duration of the restricted period.



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