Michigan Treasury Online News & Updates

On August 17, 2021, Microsoft stops supporting the Internet Explorer (IE) web browser. Therefore, all previously supported versions of IE (11 and higher) are incompatible with Michigan Treasury Online (MTO) as of this date. To prevent security risks and avoid performance issues, access to MTO is available through one of the following web browsers: Google Chrome, Microsoft Edge, Firefox, or Safari.

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SBA Announces Plan to Open Supplemental Grants for Shuttered Venue Operators Grant Applicants

Today, the U.S. Small Business Administration is announcing a call to all eligible Shuttered Venue Operators Grant (SVOG) applicants seeking economic aid for live entertainment small businesses, nonprofits, and venues. New applications will be accepted until 11:59 p.m. PT on Friday, August 20, 2021.

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News Finance

Reform In Sight for U.S. Transfer Pricing?

Current litigation involving 3M and Coca-Cola could bring about change on the topic of blocked income and transfer pricing. To help us unravel what this could mean for financial advisors and firms with clients that face these issues, member of KPMG's Detroit Tax Practice, Bob Alltop weighs in with his advice.

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Top 8 Cat Memes Purrfect for Work

As International Cat Day approaches on Sunday, Aug. 8, the MICPA celebrates feline friendship with our picks for the top 8 cat memes perfect for the office. Find out what we’ll be adding to our emails this week and how to share your own memes and photos with us on social media.

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The Realities of Organizing a Functional Remote Team

Recent surveys reveal that most employees would leave their job if asked to return to fulltime, in-person operations. As companies begin to consider permanent remote roles for some, the need for better organization, security and collaboration makes itself apparent. The MICPA takes a closer look at what makes a remote team functional and how firms can begin to realign their current work-from-home arrangements to match.

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Pre-qualification for Statewide Financial Accounting

Did you know that your firm must be prequalified to submit a contract with the State of Michigan for accounting or auditing services?

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IRS improves services to taxpayers with digital authorizations and launch of new Tax Pro Account

WASHINGTON — The Internal Revenue Service today launched a new feature that will give taxpayers digital control over who can represent them or view their tax records, a groundbreaking step in the agency's expansion of electronic options for taxpayers and tax professionals.

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GASB Proposes Omnibus Statement Addressing Wide Range of Practice Issues

The Governmental Accounting Standards Board (GASB) has proposed guidance addressing various accounting and financial reporting issues identified during the implementation and application of certain GASB pronouncements or during the due process on other pronouncements.

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Data Security Button-Up

Following some of the most widespread and expensive ransomware attacks, the topic of cybersecurity is hotter than ever among boards of directors and executives. While these discussions among BODs are not necessarily new, experts say productive conversations depend on asking the right questions and working closely with executives to effect actionable results.

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Fostering Futures Scholarship Application Deadline Now Aug.1

Young adults who have experienced foster care on or after their 13th birthday now have more time to apply for a scholarship from the Fostering Futures Scholarship Trust Fund, according to the Michigan Department of Treasury.

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