Video Message from Stephanie Bergeron, Treasury Update, Legacy of Learning and more

by MICPA | Jul 12, 2016   ()

Are you taking advantage of our technology options to make the most of your MICPA membership? Learn more in this short video message from MICPA Chair Stephanie Bergeron.

Treasury Updates PPT Website; Hosts Google Hangouts to Assist Municipalities
The Michigan Department of Treasury updated the personal property tax reimbursement website to include information regarding the 2016 PPT reimbursements, including this chart showing the forms required for 2016.

To assist municipalities with the completion of Form 5448, Treasury will host two Google Hangouts on July 13 or 14 (from 1-2:30 pm). To join the Google Hangouts, you will need a gmail email address and preregister your gmail address with Treasury. To preregister, email and indicate your gmail address and the session(s) you will be attending. Treasury will then send instructions on how to join the Google Hangouts. If you have questions pertaining to Google Hangouts, please contact Brittasia Whaley at 517.335.3813.

Michigan Treasury Issues Letters on Deficit Elimination Plans and Auditing Procedures Reports
Last week, the Michigan Department of Treasury Local Government Services Division issued two letters: (1) deficit elimination plans, and (2) auditing procedures reports.

Legacy of Learning
William Harvey’s dedication to accounting students goes beyond the classroom and will continue long after he is gone. Find out how he has planned to help future CPAs. READ MORE

Michigan Tax on Paid Self-Insured Claims Allowed to Stand
For the second time, a federal appeals court has upheld a 2011 Michigan law that imposes a one percent state tax on paid health care claims for self-insured and other employers, reports Business Insurance, a publication of Crain Communications. READ MORE (registration required)

Protect Your Clients, Protect Yourself Against Identity Theft
Leaders from the IRS, state tax agencies and the tax preparation community last week urged tax professionals to be proactive in the fight against identity theft and launched an expanded awareness campaign, Protect Your Clients; Protect Yourself, that will provide security information leading into the 2017 tax filing season. READ MORE

National Taxpayer Advocate Reviews Filing Season and Identifies Priorities in Mid-Year Report to Congress
The National Taxpayer Advocate released a mid-year report to Congress that contains extended excerpts from her ongoing Public Forums on Taxpayer Needs and Preferences, presents a review of the 2016 filing season, and identifies the priority issues the Taxpayer Advocate Service will address during the upcoming fiscal year. READ MORE

COSO Releases ERM Framework Proposal; Comments Due By September 30
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) released a proposal to its updated enterprise risk management (ERM) framework that would update the definition of ERM and emphasize the link between risk and value. Comments due by September 30.  READ MORE

New CGMA Guidance for Assessing and Protecting Human Rights
Download the new CGMA briefing, Business and Human Rights: Evolution and Acceptance, which sets out the context for the importance of human rights issues and risks to business. Learn how to identify short-term key actions and processes, as well as support long-term corporate objectives and overall reputation. READ MORE

AICPA Recommends Changes to IRS Form 990 and Related Instructions 
The AICPA has submitted more than 20 recommended changes to the IRS for Form 990, Return of Organization Exempt from Income Tax, and its related instructions for 2016. READ MORE

Source: MICPA
Source: MICPA

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