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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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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.
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.
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.
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.
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.
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.
AICPA President and CEO Barry Melancon, CPA, CGMA, announced his plans to retire from his role on Dec. 31, 2024. A strong supporter of the MICPA, Barry has shared profession insights and updates with Michigan CPAs and students for roughly 30 years. Join us as we share our gratitude for Barry’s dedication to the profession and celebrate his many contributions to the success of CPAs across the country.
The American College of Financial Services recently released its latest study on the preparedness of America’s retirees. It was not a pretty sight.
The conversation surrounding financial literacy is expanding as the overwhelming majority of workers (77%) are interested in employer provided financial wellness programs, Harvard Business Review reports.