Your weekly MSCPA member news
Your Weekly Member News
CEO Corner

Dear Hannah,

In February, the Accounting Standards Board issued an Exposure Draft (ED) of three proposed standards, which, taken together, will bring important changes to the way firms manage quality in their accounting and auditing practices. The headline is that the changes will migrate the approach to quality management from a checklist “one size fits all” approach to a “risk-based” approach. While this is an objective that many agree with, the devil, as always, is in the details. Many small firms are afraid that the new standards would be impossible to comply with or, if possible, prohibitively expensive. 
Massachusetts will be commenting on these standards to preserve the “risk-based” concept, but we will incorporate some changes that will make them applicable to small firms in a way that it is more practical and appropriate. The Accounting & Auditing Committee, led by chair Phil Pacino, CPA, will meet on Wednesday, July 21, from 8:30 – 10:30 a.m. to discuss our proposed comments. All are welcome, and I can pretty much guarantee that it will be a robust discussion. To register, click here. If you have questions, please contact Jess Yu at  
Phil also wrote this article to introduce the EDs and his thoughts about proposals to improve them. I look forward to Massachusetts submitting comments that will be substantive and helpful to the final development of the new standards. We will keep you informed of any updates. 
Have a great weekend!  
Amy Pitter
MSCPA President/CEO

CPE PLUS Webinar
Discuss the importance of getting the taxpayer correct, identification of replacement property and settlement statement issues. We'll also cover the “drop and swap” structure, investment issues, reverse/improvement exchanges and fund safety and security. REGISTER
This webinar is free as part of CPE PLUS, our new member benefit!
Get Involved
Upcoming Committee Meetings
  • Taxation (7/20)
  • Accounting & Auditing (7/21)
  • Human Resources & Firm Operations (8/4)
  • Marketing (8/10)
  • Management of an Accounting Practice (8/19)
  • Nonprofit Accounting & Auditing (8/19)
  • Women in Accounting (8/25)

July Women's Mentoring Circles
Join us for our July Women's Virtual Mentoring Circles! We'll be holding the following Circles: 
  • Statewide (7/28) 
  • Braintree (7/29) 
If you're interested in attending, please contact Jess Yu.
Senior Accountant Virtual Roundtable(8/12)  
Calling all senior accountants and senior associates! Join us on Thursday, August 12 for a free roundtable to network with others who were recently promoted and get advice from a group of experienced peers who can answer questions you might have about your new role. Attendees will earn one CPE credit.
Please note: Registrants will receive a Zoom link prior to the roundtable.
Virtual CPE
NEW Leadership Series
Our new Leadership Series kicks off this fall! Designed for manager and senior manager level employees, this series will run from September 28 – January 12, 2022. We're bringing back some of our most popular speakers who will cover hot topics, including defining your leadership style, career tactics for a post-quarantine world, crafting your accounting innovation strategy and so much more! To learn more, click here or contact Julia Ekelund.
Networking Event
Play tennis with your peers on the grass courts of the International 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 Brendan Sullivan with questions. REGISTER
The July 2021 issue of SumNews is here! Click through our digital edition now to meet our 2021-2022 MSCPA Board of Directors, learn how to meet the challenges of remote accounting internships and so much more! We also spotlight new Board Chair Rob Miller, CPA, CFE, and MSCPA members Meredith Fuller, MSA, CPA, and Charlene Spiceland, PhD, CPA, CMA. READ NOW
Featured Conference
SAVE THE DATE! Join us on Thursday, October 28 for our 2021 Women's Leadership Summit! Enjoy a day of networking and learning with women in the profession. The conference also includes our presentation of the 13th Annual Women to Watch Awards. REGISTER

Please note: This hybrid conference has both virtual and in-person options available.  
Member News
BAKER NEWMAN NOYES (BNN), Boston/Woburn, announced that NATHALIA BERGAMINI, CPA, and CHELSEA CULLEROT, CPA, MSA, were promoted to senior managers in the firm’s assurance practice. The firm also announced that:
  • SYDNEY CALLAN, CPA, MST, was promoted to manager in the firm’s tax practice.
  • ILONA DAVIS, PMP, was interviewed on New Hampshire Business Journal’s podcast “Down to Business” about effective strategies for remote work. Davis was also quoted in two recent articles in American City Business Journal on the importance of proper communication and governance for managing an effective hybrid work environment. 
  • JAMES GUARINO, CPA, PFS, CFP®, MST, was quoted in a recent article in Accounting Today regarding the major effects the COVID-19 pandemic and the legislation that followed has had on tax planning. Guarino also contributed an article to CPA Practice Advisor discussing tax-planning strategies under the Biden administration. 
  • JENNIFER HARNISH, director of HR, recently sat on a panel discussing the post-pandemic workplace, hosted by Pierce Atwood.
  • LEANNE SCOTT, JD. LLM, was quoted in a recent article in Law 360 regarding the Massachusetts Supreme Judicial Court’s May 21 decision allowing Microsoft and Oracle to apportion revenue from software purchases by a Massachusetts company to other states where that software was accessed. 
FENTON QUINN PC, Pittsfield, announced that with the addition of CHRISTINE ARACE, CPA, the firm changed its corporate name to KILLEEN ARACE & QUINN, PC.

LYNDA SCHWARTZ LLC, Newtonville, announced that LYNDA SCHWARTZ, CPA, CFF, CFE, CGMA, recently completed her three-year term on the AICPA's Forensic and Litigation Services Committee, where she co-chaired the Forensic Technology Task Force. Beginning in June 2021, she was appointed to serve on the AICPA's Certified in Financial Forensics Credential Committee.

SAMET & COMPANY PC, Chestnut Hill, announced the following promotions: 
  • PAUL FORD, CPA, to partner 
  • DESTYNEE TEIXEIRA and CLAUDIA VOLK to senior associates 

SVOG Single Audit Requirements

PPP Loan Forgiveness Dispute

Accounting for ERC

U.S. Sub of Foreign
Corp - Income vs. Intercompany/Equity

Are you traveling this summer?
*See the results in next week’s Friday@Five!

Last week's results:
Do you multitask when attending a meeting online?
78% Yes, I'm guilty
11% My mind tends
to wander

11% No, I'm 100% focused

In honor of the 100th anniversary of the first Black CPA, this award has been established to continue to build upon progress made by recognizing young Black CPAs for influencing the profession, breaking barriers and making an impact on the community. Applications must be submitted by Sunday, August 15. To learn more about eligibility requirements and to apply for this award, click here.


This week's newsletter featured MA Legislature adopting a $48.1 billion FY22 budget, findings from a report outlining what the future of work may look like in the near- and long-term, and more. 


Director of Finance - YWCA Cambridge
Senior Accountant - CA Brandt, Inc.
Corporate Tax Manager -  
Wolf & Company, P.C.

Senior Associate (Public Accounting with Nonprofit Experience) - Nardella & Taylor, LLP 


Tax Preparer - J Rizzo CPA LLC

Experienced Associate - E.L. Mann, PC

Tax Preparer - Coval Anderson Coval LLC

Office Manager - James L. Hickey, CPA


CPA - Fitchburg Loves the Children
CPA - Frost Call
CPA - Recollective Inc.
CPA for Financial Review - Arlekin Players Theatre

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