News

MICPA Elects New Board Officers and Directors, Michigan Treasury Issues Tax Notice on Illegal Activities, and more

by MICPA | Sep 18, 2018   ()

MICPA Elects New Board Officers and Directors
The MICPA has elected Robert M. Johnson, chief financial officer at Shift Digital in Birmingham, chair of its 2018-2019 board of directors. Johnson, of Clinton Township, has spent his entire professional career in metro Detroit. Prior to Shift Digital, he held financial positions at Dynatrace, CareTech Solutions, Palace Sports & Entertainment and the Detroit Pistons Basketball Company. The Association also appointed officers and two new directors to its board. 

New officers include:

  • David G. Echelbarger, chair-elect, of Allegan, is president of Echelbarger Himebaugh Tamm & Co. PC, Grand Rapids.

  • Frank V. Maselli, treasurer, of Rochester, is an assurance partner at Ernst & Young, Detroit.

  • Michelle F. Randall, secretary, of Northville, is a professor of accounting at Schoolcraft College, Livonia.

New directors include:

  • Mia S. Bennett, of Coloma, is manager of North America Consolidations for Whirlpool Corporation.

  • Lisa A. Fisher, of Dearborn, is manager at Daimler North America.
    Read More

Michigan Treasury Issues Tax Notice on Illegal Activities
Michigan’s sales tax is imposed on the retail sale of tangible personal property. Marihuana and other drugs deemed illegal under state or federal law are tangible personal property, the retail sales of which are subject to Michigan sales tax absent an applicable exemption. This includes sales by “dispensaries” or provisioning centers regardless whether licensed under the Medical Marihuana Facilities Licensing Act. 
Read More

IRS Extends Upcoming Deadlines, Provides Tax Relief for Victims of Hurricane Florence
Hurricane Florence victims in parts of North Carolina and elsewhere have until Jan. 31, 2019, to file certain individual and business tax returns and make certain tax payments, the IRS announced.
Read More

IRS Issues Proposed Regulations on Global Intangible Low-Taxed Income for U.S. Shareholders
The IRS issued proposed regulations on Sept. 13 concerning global intangible low-taxed income under section 951A and related sections of the Internal Revenue Code.
Read More

Security Summit Outlines Data Theft Reporting Process for Tax Professionals
In the final installment of the 10-part Tax Security 101 series, the IRS and its Security Summit partners urge tax professionals to report data theft immediately and follow the necessary steps to help the IRS protect their clients. If notified timely, the IRS can stop fraudulent tax returns.
Read More

Taxpayers Need Option to Direct Application of Section 965 Overpayments, AICPA Tells Treasury and IRS
Certain taxpayers suffer negative consequences from decisions by the Treasury and IRS, the AICPA said, and urged officials to reverse conclusions in FAQs and IRS Chief Counsel Memorandum.
Read More

Freezing Credit Is Now Free
A security freeze makes it harder for criminals to use stolen information to open fraudulent new accounts, or borrow money, in your name. And now, it’s completely free. A New York Times article explains how. Meanwhile, the Government Accountability Office took a close look at the Equifax breach and released this report.
Read More

5 Strategies to Avoid a Dull Website
Accounting firms present unique challenges for website development, as there’s usually little to look at and, unlike retail sites, you’re “selling” things like expertise and service rather than products. AccountingWeb explains how to “sell the sizzle, not the steak.”
Read More

Benefits of Value Pricing for the Small Firm
What does your client value about your accounting services and how can you price based on those values? This article in AccountingWeb explains how clients not only want confidence that their books are audit proof and support their decision-making, but they also want to be profitable and know their costs.
Read More

2018 Tax Software Survey Results
Read in the Journal of Accountancy how CPA tax preparers rate their tax preparation software’s performance during the challenge of the last tax season.
Read More

School's In: Inspiring the Next Generation of CPAs
Many students aren't aware of the variety of opportunities that come with an accounting degree and a CPA credential. To inspire them, share these facts about the profession.
Read More

Source: MICPA
Source: MICPA

News Archive