Tools for CPAs: Disaster Planning & Recovery, 2017 Best of the Best List, Opening Doors Through Accounting and more

by MICPA | Sep 12, 2017   ()

Important Tools for CPAs: Disaster Planning and Recovery
Disaster planning and recovery is on everyone’s minds these days, whether it’s due to hurricanes or wildfires, or any other life-disrupting events. To help you work on behalf of your clients, here is a collection of resources:

IRS Provides Penalty Relief for Partnerships that Filed Late Returns in 2017
The IRS issued guidance this week providing penalty relief for certain partnerships that did not file the required returns by the new due date for tax years beginning in 2016. Partnerships file Form 1065 or Form 1065-B or request an automatic extension by filing Form 7004. READ MORE

How the Death of a Partner Could Affect a Partnership's Year-End
An important tax implication that practitioners often overlook is the impact on a partnership's year-end when a partner dies and the partner's estate adopts a fiscal year end.  READ MORE

Inside Public Accounting Releases 2017 Best of the Best List
Congratulations to Michigan firms recognized among the Best of the Best by Inside Public Accounting, including one firm highlighted in the under $5-million category. READ MORE

Opening Doors Through Accounting
The gap between accounting graduates and those sitting for the exam is growing. Every student should know the variety of opportunities available to CPAs and how the CPA title opens doors to those opportunities. View this video to hear from Michigan CPAs who work for companies such as Deloitte, The Detroit Lions, Ford Motor Company and more, and see where the MICPA can take you. #MICPAStrong

Standard & Poor’s Gives Michigan Improved Outlook
Reflecting financial practices and a strengthened economy, Standard & Poor’s assigned the Michigan’s AA- credit rating with an improved “positive outlook.” The S&P outlook improvement follows Moody’s affirming an Aa1 credit rating with a “stable outlook” and Fitch affirming an AA rating with a “stable outlook.” The agencies’ ratings enable the state to borrow money at a lower interest rate—saving taxpayers millions of dollars. READ MORE

Treasury Small Business Seminars Explain Filing, Paying Taxes Online
The Michigan Department of Treasury announced additional outreach seminars this month to inform small businesses about the benefits of going paperless through Michigan Treasury Online (MTO). This month, seminars will take place at the following locations: Rochester Hills (Sept. 14), Flint (Sept. 29) and Saginaw (Sept. 29). These seminars are free and no registration is required to attend. READ MORE

4 Best Ways to Use Advanced Analytics
Business and financial performance can be improved through the adoption of advanced data analytics tools. This CGMA Magazine article outlines four ways advanced analytics can help boost the bottom line. READ MORE

Source: MICPA
Source: MICPA

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