Form 1099K: Policy & Preparation

Last year, tax season felt like a return to normal thanks in some part to the IRS for delaying implementation of the new $600 threshold for Form 1099-K reporting. After nearly a year, however, and with multiple proposals to raise the threshold still in their earliest of phases, tax professionals should be prepared to contend with the tax code in its current form.

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MICPA Celebrates 2023 Outgoing Board Members, Welcomes New Additions

Our organization is only as impactful as those who volunteer to ensure its many initiatives are realized, and our board members donate their time, insights, and expertise to ensure the association continues to be a meaningful source of support, knowledge and advocacy for current and future generations of CPAs. Join us as we recognize our outgoing board members for their hard work and dedication and get to know our incoming board members.

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MICPA Announces 2023 Women to Watch Award Honorees

The MICPA is proud to announce its 2023 Women to Watch Award honorees, Sheryl M. Madden, CPA, controller, deputy CFO, the Kresge Foundation, vice chair of the MICPA professional ethics committee, and Meg Warner, CPA, senior accountant, Yeo & Yeo CPAs & Advisors.

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Future-Proof Your Accounting Practice: 3 Effective Strategies for Year-Round Cash Flow

In today's rapidly changing landscape, staying competitive requires constantly learning and adapting to the most effective strategies. By embracing modern tech solutions, accounting professionals can streamline cash flow as well as boost their year-round revenue, expand services, and provide additional value to clients.

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Cyber Security and the Small Firm Misconception

Recent studies indicate that 59% of small to mid-size businesses (SMBs) believe they are too small to end up the target of a cyberattack. Unfortunately, this misconception is a dangerous blind spot for small organizations as they comprise nearly half (43%) of all data breaches as larger companies continue to ramp up their defenses. The MICPA investigates what small firm practitioners with limited resources can do to keep themselves and their clients protected.

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Top Life Hacks for Every Kind of CPA in 2023

Ever wondered if there was an easier way? While not every task assigned to CPAs can be simplified, there are quite a few things that all types of CPAs can do to make their day to day a little easier. So, whether you are currently studying for your exam, just starting out in your career or a seasoned CFO, here are a few of the handiest life hacks just for CPAs.

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CPA Perspective on the Corporate Transparency Act

Despite the name, the Corporate Transparency Act (CTA) will primarily impact self-reporting practices for small- to medium-sized companies (SMEs). Find out how the CTA will affect your SME clients, including what information they will need to report, who is exempt, and how the MICPA is helping members prepare.

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Walsh College Prepares for Centennial Celebration

In preparation for its upcoming Centennial Celebration Gala on Saturday, May 13, at the Detroit Athletic Club, Walsh College announced its list of alumni honorees to be recognized at the event for outstanding commitment to the Walsh community. Included among The Walsh One Hundred are 28 MICPA members!

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How SECURE 2.0 Helps Small Businesses Compete Amid Tight Labor Market

In recent years, retirement plans have undergone numerous changes, particularly with the introduction of the SECURE Act in 2019. In 2023, the passage of the Consolidated Appropriations Act (CAA) included SECURE Act 2.0, which included 92 provisions for retirement savings plans

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SB 56 Passes Michigan Senate

Last month MICPA President & CEO Bob Doyle testified before committee in support of Senate Bill (SB) 56 to update the Michigan Penal Code regarding cohabitation. The bill earned bipartisan support and passed 29 to 9. Tax preparers from around the state brought the current 1931 law and its unintended tax implications to the attention of the MICPA. SB 56 would benefit approximately 95,000 households in Michigan currently being denied benefits and place them in the same tax position as unmarried couples in almost every other state. The bill now heads to the Michigan House of Representatives.

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