News

Working_from_home

Remote Testing: What It Is, When It Is, Why It Is

Remote testing became a huge deal, seemingly overnight. As Prometric began closing testing centers in 2020 due to the public health crisis, many candidates were beside themselves with anxiety and uncertainty. The concept of remote testing gained traction with the AICPA as early as the end of March 2020 and, after nearly a year of research and strategizing, candidates could see a pilot by June. What will it look like? Here’s everything we know right now…

Read More

News-_0015_numbers-women

Welcome New MICPA Student Members

MICPA student memberships provide numerous benefits to those seeking a career in accounting and finance. From virtual study groups to networking events, the MICPA offers students the opportunity to forge meaningful relationships and expand their depth of knowledge all before earning their degree and CPA credential. Join us in welcoming our new student members from the month of February as they discover what a an MICPA student membership is all about.

Read More

News_law

ARPA: Too Broad to Work Around?

The American Rescue Plan Act (ARPA) of 2021 included a substantial amount of funding for states and localities, however, due to its provision regarding state tax policies, many legislators and administrators are wary. The MICPA explores the provision in question, what it does and the kind of clarification necessary to prevent tax policy stagnation for the next three years.

Read More

planner

In Review: Business Insurance

The coronavirus spurred many a debate regarding the liability of businesses in ensuring a safe working environment. More than one lawsuit has resulted from unsafe working environments, but are businesses thinking about their insurance coverages? A lot can change in a year, especially in a year like 2020, and its possible those pre-COVID-19 insurance programs you (or your clients) are subscribed to are behind the times.

Read More

News-_0020_1040

Cryptocurrency Tokenization Is On The Rise

As different forms of crypto tokenization enter the marketplace and intersect with real-world physical assets, getting the accounting and reporting correct will only become more important.

Read More

News-_0017_womenmeeting

Celebrating Women in Accounting

The month of March is Women’s History Month, focusing on the achievements of women in politics, business and society. The MICPA takes a look at the accomplishments of women, past and present, within the accounting industry.

Read More

SBA defers EIDL payments until 2022

Small businesses that received a COVID-19 Economic Injury Disaster Loan (EIDL) won’t have to start making payments on the loan until 2022, the U.S. Small Business Administration (SBA) said.

Read More

News-_0004_addingup

The American Rescue Plan Act Small Business Provisions

The American Rescue Plan Act (ARPA) of 2021 created and modified several small business relief programs aimed at delivering much needed aid. MICPA board member and chief growth officer of Sequoia Financial Group Leon LaBrecque, JD, CPA, CFP, CFA, breaks down all the significant provisions contained within ARPA as they apply to small business relief.

Read More

News-_0020_1040

IRS Addresses CAF Processing

In a recent notice, the IRS Wage & Investment Division discussed the Centralized Authorization File (CAF) backlog and processing delays. According to the agency, much of the delay is a result of additional resources being used to catch duplicate authorization forms.

Read More

News_law

President Biden Signs $1.9 Trillion Relief Package

News of the next round of stimulus direct payments have many struggling Americans abuzz with relief, but direct payments are only a part of the freshly signed legislation. The MICPA breaks down the various tax components contained within the latest federal COVID-19 relief bill, including changes to the child tax credit and the new partial tax exemption for unemployment benefits received in 2020.

Read More