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What are the SECURE 2.0 Auto-Enrollment Requirements?

In the past five years, the federal government has enacted several laws – Setting Every Community Up for Retirement Enhancement (SECURE) Act in December 2019 and SECURE 2.0 in December 2022 – to address the retirement crisis, targeting businesses as key players in the effort to help private-sector workers gain access to retirement plans.

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Simplifying Nonprofit Revenue - To Effectively Focus Your Strategy

Most nonprofits have unique ways of accounting for revenue sources, and many operate with special conditions related to raising funds for their mission. Very complex and complicated.

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Advisory Services for Accountants Transformed: Navigating the New Era of Client Solutions

The role of accountants has traditionally centered on compliance services, such as tax filing, audits, and financial statement preparation. However, the landscape of accounting is evolving rapidly

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The Agreement That Tells You What You Can't Do

An essential part of every practice sale/purchase is the non-compete clause. This clause or agreement is essentially a protection for the buyer that spells out what a seller cannot do in regards to performing accounting, tax and related services after the sale.

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MICPA Transitions: Meet Your 2024-25 Board of Directors

As fall approaches, the MICPA Board of Directors begins to shift from one season of leadership to the next. Our board, made of up dedicated volunteers, reflects the commitment of our members to the profession and our mission to support Michigan CPAs now and into the future.

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Advisory Services: Enhance Value for Clients Through Strategic Partnerships

In the world of business, an accountant or an accounting firm can provide tremendous value to the overall strategic direction of a business. These professionals are the go-to sources for numerous areas like tax, audit & assurance, and risk, but they are even more than that.

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Payment Processing: Improving Business Operations and Avoiding Fraud

Organizations of all sizes must content with increasingly sophisticated fraud schemes, particularly those targeting payments. From chargeback fraud to phishing, Card Network breaks down the top schemes businesses encounter and the methods that can help mitigate their impact.

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Retirement Planning for Small Business

Early this year InvestmentNews published an article titled, "401(k) Settlements Went Way Up in 2023". The article highlights how 401(k) participant-driven lawsuits are on the rise, and employers are facing heightened scrutiny of the way they manage their retirement plans.

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Rethink HR: Embracing AI for Better Onboarding

What’s the impact of artificial intelligence (AI) on new hire onboarding and human resources (HR) professionals? In a recent survey conducted by Paychex, 309 HR professionals and 1,003 recent hires were asked about how technology, and the use of AI impacts the hiring and onboarding process.

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Common Misconceptions in Selling a Practice

Selling an accounting practice is a once-in-a-lifetime experience for most practice owners. Because it is such a rare event, sellers need to be aware of the key misconceptions about the process.

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