It’s time to renew your membership—payment is due by July 1, 2025.
Renew
Continuing our coverage of the current proposed tax legislation, MICPA members weigh in on the potential impacts on foreign income. From changes in Global Intangible Low Tax Income (GILTI) to a proposed 21% global minimum tax rate, see what MICPA expert contributors are saying the impacts could be.
Read More
In a targeted email campaign, the U.S. Small Business Administration (SBA) included several updates regarding ongoing financial assistance and new programs soon to be detailed. For everything you missed on the current state of the PPP, EIDLs and the newly minted Community Navigator Pilot Program, this is your SBA Update Rundown.
As technology continues to alter the face of the accounting profession, more firms are hiring non-accounting professionals than ever to work alongside CPAs and other finance professionals. Unfortunately, when worlds collide language and misunderstanding can become a barrier for many teams as those with limited or no accounting background work toward assimilating the industry knowledge necessary to fulfill their roles. Find out what Aquinas College is doing to ease the learning curve with a new program aimed at upskilling non-accounting professionals.
The COVID-19 pandemic saw the business world adopting new technology at alarming new rates, but as businesses begin testing the waters for a return to the new normal in 2021, the time has come to reassess tech needs. Thomas G. Stephens, Jr., CPA, CITP, CGMA discusses four key considerations for technology in a post-pandemic environment.
In honor of National Mental Health Awareness Month, we are looking for new ways to cut stress from our daily routines. One such approach experts are touting is the Pomodoro technique, which claims to be a foolproof way to cut distraction while powering your hyper-focus to get things done using short bursts and…egg timers. Is it effective? We asked a few MICPA staffers to compare their experiences – here’s what they had to say!
Missouri is the last state working toward finalizing economic nexus laws resulting from the 2018 Supreme Court decision in South Dakota v. Wayfair which essentially states that retailers must pay state sales taxes regardless of whether or not they maintain a physical presence in that state. Three years later, MICPA State and Local Tax Task Force chair Michael Bannasch, CPA, weighs in on the state of Wayfair in 2021.
Following is a message from the IRS Wage & Investment Division: There seem to be ongoing questions about certain Practitioner Priority Service (PPS) line services. PPS assistors will continue to work with Forms 2848/8821/8655 representatives to assist with client tax issues by providing verbally certain information from a transcript. Examples would be allocating misapplied payments, correcting math error issues, account adjustments, balance due and missing returns, etc.
On May 5, 2021, the Department of Licensing and Regulatory Affairs (LARA) released a new Accountancy Ruleset for Michigan CPAs. The rules take effect immediately and changes impact all Michigan licensed CPAs and CPA candidates.
The question of business liability in regard to COVID-19 surfaced early in 2020 as many optimistically began planning for reopening business doors almost immediately following their closure. As some states begin to relax restrictions, the question of liability amid plans for large-scale reopening remains. The MICPA investigates the current state of liability and best practices for ensuring a best foot forward.
NEW YORK (May 5, 2021) - The American Institute of CPAs (AICPA) today announced the 89 winners of the 2020 Elijah Watt Sells Award. To qualify for the award, CPA candidates must obtain a cumulative average score above 95.50 across all four sections of the Uniform CPA Examination, pass all four sections on their first attempt and have completed testing in 2020.