During a recent Faculty Hour webinar hosted by This Way to CPA, Michael Decker vice president CPA Examination and Pipeline, AICPA, discussed the many changes ahead for the infrastructure of the CPA Evolution Exam. While awaiting the recording of the full event, check out an overview of the key takeaways addressed in his presentation.
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Curious about whether an internship is worth it? Find out what MICPA Student Champion Kellie Suave has to say about her own experience and how it helped her solidify confidence in her decision to pursue accounting as a career.
Most experts agree that increasing the financial acuity among consumers the world over is an imperative for ensuring that both the aging population and generations to come have a more secure future. While the method for imparting this knowledge is still being tested and determined, the landscape of financial literacy continues to evolve.
AI/Robots are revolutionizing accounting. We are witnessing the emergence of new technology that can perform routine tasks and with intelligence. For accounting firms, regardless of their size, this presents the next big opportunity. Let us delve deeper into accounting robots and robotic process automation.
Retirement planning? You’re young, so why worry about it? To put it succinctly, it takes a lot of money to retire and have a decent quality of living, so why avoid it? In fact, what you may not realize is that retirement planning starts with your first job. The trick is not to wait too long if you want to maximize the level of your retirement income. For those already midway through their career but still have yet to begin, it is never too late to start!
Everything is riding on education, according to Dan Piepszowski, senior director of Community Leadership Development at the Detroit Regional Chamber. Find out how he says CPAs can make an impact in education by becoming joining a public academy school board of directors
Last December, the Michigan House passed HB 5190, a measure that would add personal finance courses to the required curriculum in public high schools. As the bill awaits its hearing in the Senate, the MICPA spoke with its author, Rep. Diana Farrington (R – Utica), about why personal finance education matters and when we might expect to see the bill considered in the Senate.
When people think about planning for emergencies, most focus solely on numbers but an emergency fund is just one facet of preparedness. According to MICPA Financial Literacy Task Force member Zach Simon, CPA, RFM Group, an emergency binder is the key to ensuring that when disaster strikes, access to important information, documentation and, yes, cash are easily accessible so that families can focus on what matters most in a worst-case scenario. Get started on creating your emergency binder today with this straightforward checklist.
The IRS has a relatively new tool for individual taxpayers: the IRS personal account using ID.me. This tool will allow you to view current payoff amounts, the amount due per year, two years of payment history, and other relevant information. The account is free to setup and should only take approximately 15 – 20 minutes, depending on whether one uses the self-service option or the live chat option.
The current cost of a college education and the projected future costs are quite staggering, not to mention the related costs of books, fees, supplies, equipment and other course materials. Thus, any effort to begin saving as early as possible should help put a dent in the cost. There are many ways to approach college savings and any one or combination of several may be used to accomplish goals in this area.