Proudly sponsored by:

Dear Elizabeth,

Putting your ideas into action is vital to achieving your goals, both personal and professional, and it’s no different for us at the Society.

You asked, we listened and we’re delivering: The Emerging Leaders Summit, our first-ever conference for young professionals in accounting, will be held on December 5th at the Liberty Hotel in Boston. The conference was created based on feedback from our Young Professional Advisory Group and the Society’s strategic focus on young professional development. You told us that you need a program in which young professionals would learn key networking and leadership skills that are necessary to advance at your firm or business – this conference does just that, and we are excited to bring it to you.

The Emerging Leaders Summit packs a high-energy and interactive program where young leaders will hear from nationally-recognized speakers and a panel of their peers, while building connections with their colleagues. To learn more about this program, click here. You, our member, are the heart of our organization, and we remain focused on ways we can better serve you. Please feel welcome to contact me if you have feedback or suggestions.

Have a great weekend and happy Halloween.

Eileen P. McAnneny, Esq.
President and CEO

LEGISLATIVE UPDATE:

IRS Updates
- 2015 PTIN Renewal Period Underway for Tax Professionals
- IRS Provides Information about the Affordable Care Act in Spanish
- Judge Dismisses AICPA Lawsuit Against the IRS
- Defined Contribution Plans Can Offer Deferred Annuities to Older Participants

DOR Updates 
- Charges Filed in Alleged Illegal Tobacco Operation
- DOR Deploys Identity Quiz to Protect Taxpayers
- Senior Circuit Breaker Credit Update

- 830 CMR 63.39.1 Corporate Nexus: The DOR issued proposed regulations on corporate nexus. According to the Department, the changes reflect updates to make the regulation consistent with the new Apportionment of Income regulation.



- Final Market-Based Sourcing Regulation: The final market-based apportionment regulation was issued yesterday. In preparation for the hearing on December 4^th, please review and let the Society know if you have any concerns. Mike Fatale will join a panel of state and local tax (SALT) experts at the MSCPA’s Annual State Tax Conference in January to provide an overview of the regulation, and its impact on you and your clients.

Gubernatorial Candidates Show Differences on Tax Policy
Candidates Martha Coakley and Charlie Baker are heading into the final days of their quest for the Governorship. In the waning days of the campaign, we are finding out more about their policy positions, including those involving taxation. In a recent debate, Democrat Martha Coakley signaled support for a graduated income tax (she later walked back her comments). Both candidates have vowed not to raise taxes or fees in the near term.

Social Security Administration Announces 2015 Wage Base 
The Social Security Administration announced that, based on inflation, the wage base above which taxes for old age, survivors and disability insurance (OASDI) are not due will increase from $117,000 to $118,500 in 2015.

CPE:

Regulated Investment Companies Fall InfoShare (11/7)
Featuring a keynote address by Paul Levenson, SEC Boston Regional Office Director and a panel discussion with auditors, service providers and regulators, hear an update on SEC activities, accounting, tax and other topics.



The Market Basket Saga: A Grocery List of Lessons for CPAs Working in Family Businesses (12/9)
Featuring examples of businesses at various points of evolution, this program will introduce the CPA family-business advisor to the types of corporate, legal and family tools and initiatives representing the current state of best practices.



Tax Camp
Don’t forget to register – space is filling up fast! Jack Surgent returns to Massachusetts to share the most important tax issues that require your attention and the major trends and changes in case and regulatory law. Join us for full coverage of all tax changes together, with continuing coverage of healthcare and any estate and gift tax reform:

Wednesday, December 10 | Lantana, Randolph
Thursday, December 11 | Marriott, Burlington
Friday, December 12 | Sheraton, Framingham

NETWORKING:

Committee Meetings Next Week

MEMBERSHIP:

New Volunteer Opportunities
- Excel Academy Charter School - Math Tutors        
- Springwell - Board Member         
- Massachusetts Bible Society - CPA for Oversight  
- The Cure Prize - CPA for First Time Filing/Board Member  
- ARTMORPHEUS - Board Member              

First Time Home Buyer Seminar (11/5)
The popular First Time Home Buyer Seminar is back! The entire home buying process will be covered - from the pre-approval through closing. Topics include the home buying team, what to expect from your mortgage provider, realtor and attorney.   

NEWS & EVENTS:

Networking Tips for Introverts
Not the networking type? Here's some advice to make small talk and relationship building easier, both of which are vital to professional development.

The Global Management Accounting Principles: Helping Businesses Make Better Decisions
The AICPA and CIMA have produced the Global Management Accounting Principles to guide best practices and bring consistency to a critical function. They were created in consultation with CEOs, CFOs, academics, government bodies, regulators and other professionals across 20 countries on five continents.

Top Soft Skills for Tax Practitioners
Developing these skills can help CPAs advance their careers.