News

News-_0018_womanman_laptop

Cybersecurity Awareness Month 2020

The COVID-19 pandemic affected our digital lives in in previously unfathomable ways. This spring, workers moved out of office buildings and established workplaces in their homes, conducting “business as usual” from makeshift desks and repurposed spaces. At their side, school-age children were attempting to plug into virtual learning environments. Birthday parties and game nights evolved into online events and telemedicine became the norm.

Read More

News_003puzzle

4 Choices in Life Separate the Doers From the Dreamers

Ever read something Warren Buffett said or did and mumble to yourself, "Why didn't I think of that?" Outside of Buffett's mastery of investing, his down-to-earth wisdom is not only legendary but we all nod in agreement with the simple and yet profound effect it has on our lives. Take, for example, the advice below. Common sense, yes. But to many of us, it's not common practice. That is, until we become believers that the principles actually work. All you need to do is act on them with positive intent.

Read More

lightbulb-data

Hispanic Small Business Town Hall

In times of crisis, your leadership is even more critical to your company's success. That's according to the small-business advocates on Wednesday's Hispanic Small Business Town Hall. The session, which focused on the topic of leadership, was the third in a series of streaming events hosted by Inc. and Hello Alice during Hispanic Heritage Month. The event was moderated by Hello Alice CEO and co-founder Carolyn Rodz.

Read More

News-_0003_Manwomangraph

IRS Identity Protection PIN Goes Nationwide

Last year, the IRS expanded its voluntary program which allows taxpayers who are not currently victims of tax return identity theft to obtain an identity protection personal identification number (IP PIN) to seven additional states, including Michigan. In a memo to tax professionals last week, the IRS announced that it will be expanding that program nationwide beginning January 2021.

Read More

irs-building

IRS Issues Guidance on CCH Outage

Due to a software glitch, the Wolter Kluwer CCH system suffered an outage on Sept. 15, which caused many taxpayers to miss an important tax filing deadline. The Sept. 15 deadline applied to several federal taxpayers including S Corporations, and partnerships that requested a six-month extension due to coronavirus setbacks.

Read More

time

HFA Announces 2020-21 Omnibus Budget

Last week, the Michigan House Fiscal Agency released the 2020-21 omnibus budget analyses. The breakdown of the budget, so far, includes $17.65 billion for the School Aid Fund and $45.1 billion for the general omnibus budget, totaling $62.75 billion for the coming year, The Detroit News reports. While the general omnibus bill included $270 million in reductions from the year prior, the same is not true for education.

Read More

MICPA Announces 2020 Awards

The Michigan Association of Certified Public Accountants is the leading statewide professional organization dedicated to promoting and enhancing the value of the CPA profession. Our more than 19,000 members work in business, education, government and public accounting. Established in 1901, MICPA members serve as trusted advisors for businesses and individuals while embracing the highest standards of professional and ethical performance. For more information, visit www.micpa.org.

Read More

calendar-calculator

PPP Loan Forgiveness

The PPP came into being as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, which was signed into law March 27. With the coronavirus shutting down much of the U.S. economy, Congress created the PPP to assist millions of small businesses suddenly facing an uncertain future.

Read More

Screen Shot 2020-09-28 at 2.03.23 PM

What Happens When Something Happens to You?

Life Insurance is a proactive and cost-effective way to protect your family and your finances. It helps ensure your short and long-term financial obligations could be met if something unforeseen happens to you. When Helen lost her mom, she learned a valuable lesson that she’s paying forward to her boys.

Read More

News-_0011_graph-usa

SEC Amends Rules for Whistleblowers

The whistleblower program amendments provide a mechanism for whistleblowers with potential awards of less than $5 million, subject to certain criteria, to qualify for a presumption that they will receive the maximum statutory award amount. Awards of less than $5 million historically have represented nearly 75% of all whistleblower awards.

Read More