Guidance Sought On Employee Retention Credit

Several issues involving the new employee retention credit are in need of clarity and guidance, the AICPA told Treasury and the IRS on Friday. In a letter from Christopher Hesse, CPA, chair of the AICPA Tax Executive Committee, to David Kautter, the assistant secretary for tax policy at Treasury, and IRS Commissioner Charles Rettig, the AICPA identified eight areas where taxpayers and practitioners need guidance and made recommendations.

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SAVING THE PLANET World Earth Day 2020

What is Earth Day? Earth Day was set up to tackle environmental issues such as climate change and pollution.

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How to Be a Great Remote Manager

When Ryan Malone started his digital marketing agency SmartBug Media in 2008, he didn't bother opening an office. And as the company grew, he began to let staff work remotely. Today, Malone's three-time Inc.

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Call for Federal Action on Additional SBA Forgivable Loans

Lt. Governor Garlin Gilchrist II, former Lt. Governor Brian Calley and Michigan Association of CPAs President & CEO Bob Doyle, today called on federal officials to reach an agreement and authorize additional funding to the Paycheck Protection Program funds from the U.S. Small Business Administration.

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4 Free Resources For Small Businesses

In a race to save their companies, small business owners have been scrambling to stay afloat while also trying to navigate a complex web of federal and state aid and figure out their legal options.

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MI Treasury Guidance on State Tax Filing Extension

Today, the Michigan Department of Treasury released a notice that provides taxpayers with additional guidance related to the state and income tax filing extension (EO 2020-26) announced on March 27 and the IRS Notice 2020-23 issued on April 9.

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Changes in the CPA M&A World Post-Coronavirus

The crisis has not passed, but CPA merger and acquisition discussions are already increasing. Calls are coming in from firms that are not sure what to do.

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Drafting a Remote Work Policy

The COVID-19 pandemic is the ultimate game-changer that has turned many things, especially business, on its head.

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MI Treasury Waives April SUW Penalties & Interest

Michigan businesses were granted a reprieve from sales, use and withholding (SUW) tax from the Michigan Department of Treasury today in light of on-going COVID-19 disruption.

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FASB Issues Q&As to Clarify Accounting Issues

FASB issues Q&As to clarify pandemic lease accounting issues. FASB posted a staff Q&A document to its website Friday that is designed to clarify pandemic-related questions about lease accounting.

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