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Daily News

BOSTON — The boards of directors and members of the state CPA societies of Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont have approved a merger to form the New England Society of CPAs, effective July 1. The regional organization is designed to expand value for members while building a stronger, more sustainable future for the profession.

The merger unites five state societies into one member-focused organization that will provide enhanced advocacy, expanded learning opportunities, broader peer networks, and increased resources for accounting and finance professionals, their organizations, and future talent entering the profession.

“This is a member-first opportunity to build on the strengths of each of our state societies and create a more impactful organization for the profession across New England,” said Zach Donah, Massachusetts Society of CPAs president and CEO, who will serve as president and CEO of the New England Society of CPAs. “Together, we can expand opportunities for members, strengthen our collective voice, and invest more deeply in the future of the profession while preserving the local relationships and state advocacy that members value most.”

The merger reflects the changing needs of the profession and the members the societies serve. As firms, companies, and professionals navigate rapid shifts in technology, workforce development, regulation, and business models, the New England Society of CPAs will be positioned to deliver more responsive programming, stronger thought leadership, expanded learning opportunities, and greater influence on issues affecting CPAs and the broader accounting ecosystem. State-specific advocacy and local member engagement will remain a central focus, guided by local leadership, committees, and member communities in each state.

The merger also strengthens the profession’s ability to address one of its greatest challenges: building the future CPA pipeline. By combining resources and expertise across the region, the organization will have greater capacity to expand outreach efforts that engage students and future CPAs and elevate awareness of accounting career opportunities throughout New England.

“The New England Society of CPAs will enable us to build on the strengths of our member community while creating new opportunities for collaboration and growth,” said Declan Lee, board chair of the Massachusetts Society of CPAs. “Members will benefit from enhanced programs, broader professional networks, and a stronger collective voice, while Massachusetts priorities and local connections remain at the forefront.”

The new society will maintain existing staff across the five states and is expected to have 14,500 members at its inception.

“This merger reflects the way many firms, organizations, and professionals already work today, across state lines and throughout the region,” Donah said. “By coming together, we are creating a stronger, more connected professional community that is better-positioned to support members and lead the profession into the future.”

Daily News

BOSTON — The Massachusetts Society of Certified Public Accountants (MassCPAs) announced its investment in the future of accounting by awarding $182,500 in scholarships to 50 outstanding students across the state. These scholarships, presented through the MassCPAs Educational Foundation Scholarship Program, recognize exceptional academic performance and commitment to the accounting profession.

The scholarship recipients were honored at MassCPAs’ annual networking event, Connect 2026, on May 13. This event provides a valuable opportunity for these rising stars to connect and network with established professionals within the Massachusetts accounting community.

“It’s truly inspiring to see the talent and drive of this year’s scholarship winners,” said Zach Donah, president and CEO of MassCPAs. “Their commitment to excellence gives us great confidence that the accounting profession in Massachusetts will continue to thrive under their leadership. We are honored to play a role in their success and extend our deepest gratitude to the donors and volunteers who make this investment in our future possible.”

Scholarships are funded 100% through donations to the MassCPAs Educational Foundation. The mission of the foundation is to inspire and support the next generation of CPAs in Massachusetts. Since the program’s inception in 2006, the foundation has awarded 500 scholarships to aspiring CPAs, ranging from $1,000-$10,000 and totaling more than $2,250,000. MassCPAs scholarships are available for both undergraduate and graduate accounting students who are attending a college or university in Massachusetts or attending a college or university out of state with a permanent residence in Massachusetts. Scholarship funds are issued directly to the students and can be used for tuition, books, interviewing expenses, or other needs.

“Empowering students through these scholarships is at the heart of our mission to build a robust and resilient accounting workforce,” said Allie Orlando, director of Academic and Career Development at MassCPAs. “We are thrilled to celebrate this year’s recipients and look forward to seeing the significant contributions they will make to the profession.”