MICPA Elects New Board Officers and Directors, Student Members Meet Incoming AICPA Chair, MI Treasury Update and more

by MICPA | Sep 26, 2017   ()

MICPA Elects New Board Officers and Directors
The MICPA has elected Alan Young as chair of its 2017–18 board of directors and also named other officers and three new members-at-large to its board of directors. Young, of West Bloomfield, is the founder and CEO at Alan C. Young and Associates PC in Detroit. A member of the board since 2009, he will serve a one-year term as its chair.

Other officers elected for this year include:

  • Robert Johnson, chair-elect, vice president of finance and global controller for Dynatrace.
  • David Echelbarger, treasurer, president of Echelbarger Himebaugh Tamm & Co. PC in Grand Rapids.
  • Frank Maselli, secretary, Assurance Services partner at Ernst and Young in Detroit.

New directors are Lorena Bencsik, accounting consultant with Robert Half Management Resources, Andy Bittinger, assurance partner at PricewaterhouseCoopers LLP in Detroit, and George Salloum, CFO at Chamberlain Marketing. READ MORE

MICPA Student Members Meet Incoming AICPA Chair
Sixteen student members nominated by their professors from eight Michigan accounting schools were inspired by a recent MICPA opportunity to learn more about the profession first-hand from Eric Hansen, incoming chair of the AICPA. Walsh College student Nicholas Manica said he gained a deeper understanding of the profession and the value that CPAs bring to businesses and the community. “I am excited about going into the accounting profession and plan to pursue the CPA license/designation in the near future,” he said. READ MORE

State Treasury Department Providing Individuals, Businesses Tax Relief due to Natural Disasters
With natural disasters affecting widespread areas of the state and nation, the Michigan Department of Treasury is providing state tax relief to disaster survivors. Individual and business taxpayers who were affected by the June 22-23 severe storms and flooding in Bay, Gladwin, Isabella and Midland counties, Hurricane Harvey or Hurricane Irma now have additional time to file state tax returns, with penalties and interest waived. READ MORE

Michigan Treasury Update: End of MBT Surcharge, Improving Flow-Through Reporting, and More
The latest newsletter from the Tax Policy Division of the Michigan Department of Treasury is now online. Key topics include the end of the MBT Surcharge, improving flow-through reporting, definition of compensation for small business alternative credit, and more. READ MORE

Treasury: Business Taxpayers Can Learn How to Go Paperless This Week
The Michigan Department of Treasury is holding several seminars this week to inform small businesses about the benefits of going paperless through Michigan Treasury Online (MTO). Treasury Outreach Team members are holding seminars in the cities of Howell (today at 7 p.m.), Flint (Sept. 29) and Saginaw (Sept. 29) to discuss how MTO works, recent upgrades and improvements, answer general questions and solicit suggestions for continued improvements.  READ MORE

IRS Issues Guidance for Allowance of Credit for Increasing Research Activities
The IRS has issued guidance for examining the credit for increasing research activities under IRC Section 41 (“Research Credit”) claimed by large business and international (LB&I) taxpayers. The directive is intended to provide an efficient approach for determining the amount of qualified research expenses for LB&I taxpayers while reducing the burden of doing so on LB&I taxpayers and examiners. READ MORE

Recent FASB Actions
The Financial Accounting Standards Board recently issued a proposed Accounting Standards Update (ASU) intended to clarify the application of the new leases guidance to land easements. Comment by Oct. 25. FASB also issued a proposed ASU reorganize and clarify certain items within the consolidation guidance in Topic 810. READ MORE

Source: MICPA
Source: MICPA

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