News

E-News - February 5, 2019 - Sales, Use and Withholding Tax Annual Return Due Feb. 28, Michigan Treasury Seeks Comments on Pension/OPEB Bond Bulletin, and more

by MICPA | Feb 06, 2019   ()

Sales, Use and Withholding Tax Annual Return Due Feb. 28
The Michigan Department of Treasury reminds business taxpayers that the Sales, Use and Withholding (SUW) Tax annual return filing deadline is rapidly approaching. SUW taxpayers are required to submit their annual return by Feb. 28.
Read More

Michigan Treasury Seeks Comments on Pension/OPEB Bond Bulletin
The Michigan Department of Treasury will accept comments until Mar. 4 on a proposed bulletin on pension/OPEB bond application submission and required supporting documentation.
Read More 

AICPA Calls for Additional Penalty Relief for Taxpayers for 2018 Filing Season
The AICPA urged Treasury and IRS to grant individuals more extensive penalty relief for underpayments and late payments and said businesses and tax-exempt organizations need similar relief.
Read More

IRS Extends Transcript Faxing Service
The IRS extended its transcript faxing service beyond the previously planned Feb. 4 end date and will review options for a new timeframe. Unmasked Wage and Income Transcripts can be sent to CPAs’ e-Services secure mailbox by following certain procedures, which should help bring clients into compliance and allow for electronic filing. For details, see Fact Sheet 2018-20, Steps for tax professionals to obtain wage and income transcripts needed for tax preparation.
Read More

Publication 2043 Available for 2019
Publication 2043, IRS Refund Information Guidelines for the Tax Professional Community for 2019, is now available. The publication contains information you can share with clients along with details on claiming the Earned Income Tax Credit and the Additional Child Tax Credit.
Read More

What Clients Need to Know About the Sec. 199A Deduction
The IRS has released the final Section 199A regulations for the qualified business income deduction, and your clients are ready for answers. The insights outlined by planning and tax expert Bob Keebler, CPA/PFS in the AICPA’s latest Personal Financial Planning podcast episode, will help.
Listen Now

Finance Professionals: Tech-Up or It’s Game Over
Technology is driving the need for accounting and finance professionals to shift their focus from cost compliance to value creation, but a new CGMA report reveals that practitioners aren’t evolving their digital skills quickly enough. It also provides a roadmap to help them navigate this new terrain.
Read More 

What it Costs to Retire in Every State
In one state, a retired couple can live comfortably on just $36,000 a year. In another state, the same standard of living costs as much as $56,000. A person who retires at 65 and lives 20 more years could need an extra half a million dollars for living expenses depending on which state they are in.
Read More 

MICPA+ Highlight: PCIA Understands Risks of Professional Service Firms
Professional Concepts Insurance Agency’s President Mike Cosgrove is an insurance veteran providing risk management and insurance programs for MICPA member firms. He often presents risk management seminars for the MICPA and the CPAFMA, Michigan Chapter. Mike also offers programs for firms that are not yet a PCIA client.
Read More

Source: MICPA
Source: MICPA

News Archive