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Dear Elizabeth,

This week proved to be a very busy and interesting one. On Monday, I joined state society CEOs and leadership at the AICPA’s Regional Council meeting in New York City. AICPA president and CEO Barry Melancon provided us with an update on issues from the Department of Labor report, to trends in the profession such as the flattening pipeline, mergers and acquisitions, disruptive technology and globalization. We participated in round-table discussions on risks, opportunities and implications for the profession, and another round-table on fair value measurements for financial statements. I encourage all of you to read and comment on the concept paper on enhancing audit quality.

We’ve just finished the first full week of spring and you know what that means—April 15th is right around the corner! Have a great weekend.

Beth Lyons, CAE
Interim President & CEO


CPE:

If Your Firm has Less than 100 employees, We Can Slash your CPE Training Costs by Up to 50%
The Massachusetts Workforce Training Express Fund reimburses you 50% of your training costs if you qualify. Participation is as simple as completing an online application and submitting a certificate of good standing.

39 of our programs have been pre-approved for participation in this program. View a complete list of approved programs.


LEGISLATIVE UPDATE:

IRS Updates

IRS Issues Last-Minute Guidance on the ACA
The AICPA has evaluated further guidance issued by the IRS on the premium tax credit and the individual health insurance mandate. The recap also explores opportunities for relief and planning preparation for future tax years.



IRS Releases FY 14 Data Book
The IRS released the 2014 IRS Data Book, a snapshot of agency activities for the fiscal year. The report includes information about returns filed, taxes collected, enforcement, taxpayer assistance and the IRS budget.      



Baker Taps Former Bain Exec. to Lead DOR
Governor Charlie Baker has named Mark Nunnelly, former managing director at Bain Capital, as the next Commissioner of Revenue. Nunnelly will also serve as senior advisor to the Governor for technology and innovation competitiveness. He will succeed Amy Pitter who has served as Commissioner since 2011.


MSCPA Leads Request for Independent Contractor Fix
The MSCPA authored a formal request on behalf of a coalition of business and professional associations to request action on legislation to amend the state’s independent contractor law, a copy of which can be found here. The letter, which was addressed to Senate President Stan Rosenberg and House Speaker Robert DeLeo, cited the adverse impacts on the Commonwealth’s employers and the workforce, economic development and job growth as the impetus for the request. If you would like to help us in our efforts to change this law, consider joining our Key Person Program or contact MSCPA government affairs director Zach Donah.


NETWORKING:

TWO LOCATIONS: Sip & Socialize - A Networking Event for CPAs, Accounting Professionals and Lawyers
This spring, spark new leads networking with like-minded CPAs and lawyers in a relaxed setting. Stop wasting your time networking that goes nowhere - connect with professionals who want to follow-up, and help you expand your business and advance your career. Sip & Socialize makes it easy to meet quality contacts and get to the next level. Join us in Boston or Worcester.

MSCPA Members Needed to Network with College Students
Please join us on April 1 for an hour of refreshments and conversation. College students participating in the MSCPA’s “The Next Step” workshop will have a chance to practice their networking skills at a reception hosted by PwC at its Boston from 7:30 - 8:30pm. It’s a valuable opportunity to share your personal journey and promote your firm to aspiring CPAs.


MEMBERSHIP:

Now Accepting Women to Watch Award Nominations
Nominate a rising star or leader in the profession. The MSCPA’s 7th Annual Women to Watch Awards recognizes MSCPA members who have made significant contributions to the accounting profession, their community, place of employment and/or to the development of women as leaders. Winners will be honored at the Women’s Leadership Summit on October 29. Click the button below to learn more and view a list of previous winners.

5th Annual CPA Day of Service: Make it Count
Join the MSCPA on June 19 in our 5th Annual CPA Day of Service. Bond with colleagues outside of the office, revitalize your energy and demonstrate your commitment to your community. Watch this video to see the impact the Day of Service has had on our members.

New Volunteer Opportunities
Artmorpheus - Board Member - Treasurer for a School Board
Young Men's Success Series (YMSS) - CPA to Help File 2011-2014 Income Taxes - Treasurer/Board of Directors

Only Six Days Left to Apply Online for an MSCPA Ed Foundation Scholarship or CPA Exam Voucher
The April 1 deadline is fast approaching to apply for an MSCPA scholarship or CPA Exam voucher for the 2015-16 academic year. The scholarships are available for both undergrad and grad students and can be used at the discretion of the individual. The CPA Exam vouchers grants $400 to 10 exam candidates who do not receive employer assistance for the fees. The application is available online and requires little time to complete.


NEWS & EVENTS:

10 Tips for Accountants Mulling Over a Career Change
Accountants considering switching careers should take a look at these tips before they make a hasty decision that could limit their future career choices.

Cathy Engelbert on Becoming Deloitte’s First Female CEO
Engelbert spoke with The Post about her own career trajectory, and some of the walls she's seen crumble (or merely teeter) for women employed in an industry long seen as an old boy's club.


 
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