News

COVIDhelp

MICPA Member Makes a Difference With COVID-19 Relief Program

This month’s spotlight shines on MICPA member Dave Herrington, of Plante Moran for his work organizing COVID-19 relief for the Michigan Restaurant and Lodging Association. Charged with heading up a Plante & Moran team to determine how to distribute funds, determine eligibility and disperse funds, among other things, find out how Dave and his team made a huge difference in the lives of more than 55,000 Michigan workers.

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Future

The Pipeline Decline Demystified?

A new study from the Illinois CPA Society offers fresh insight into the CPA pipeline contraction, and the perceptions of those candidates who decide not to pursue their CPA credential. The findings in A CPA Pipeline Report: Decoding the Decline, shows that many believe the time and workload associated with earning their CPA lacks return on investment and is irrelevant to working in their field.

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Teleworker and Other Employer Challenges in 2021 and Beyond

COVID-19 impacts continue to challenge employers, particularly around the demand for telework arrangements after state and local mandatory work-from-home orders have expired.

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Biden’s Tax Plan… What If?

On Wednesday, June 16, the MICPA held a roundtable discussion for members dissecting the possibilities of the imminent tax policy changes pending under the Biden administration.

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IRS Enforcement and Compliance Operations

The majority of compliance operations are already running normally after being suspended to provide pandemic-related relief during the People First Initiative April 1, 2020 through July 15, 2020. However, the IRS kept its systemic and automated lien and levy programs idle since April 2020. With the recent progress the country has made in controlling the COVID-19 pandemic, economic activity is returning to normal. Therefore, IRS plans to return to its normal collection casework processes later this summer to support integrity of the nation’s tax system.

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Licensure Deadlines Approach for Michigan CPAs

Are you ready to renew your license by the July 30 deadline? The MICPA CPE Tracker can help you track your license expiration, CPE hours and your LARA renewal submission. With just two weeks left to check all the necessary CPE requirements off the list, including Michigan Specific Ethics, now is the time to get tracking!

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AICPA Addresses Peer Review and PPP Agreed Upon Procedures

According to the AICPA, CPA firms are concerned about Paycheck Protection Program (PPP) loan services and whether they may be subject to peer review. Fortunately, multiple resources are available for you as you assist your clients through the process of PPP forgiveness.

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DEI

Exploring the Role of Employee Resource Groups in Driving Diversity, Equity & Inclusion

Driving diversity, equity and inclusion (DE&I) within the profession has really only gained momentum within recent years, as it has become evident that racial diversity has remained practically stagnant since the 1970s, particularly among African American CPAs. While the profession is predominantly populated by women (60%), it is overwhelmingly led by men and overwhelmingly white (67.3% of all accountants)1. What those statistics do not include, however, is what percentage of CPAs are lesbian, gay, bisexual, transgender, queer and/or questioning, intersex and asexual and/or ally (LGBTQIA+). That is because the first ever survey of CPAs inquiring about sexual orientation was just administered in October 20202.

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Managing Stress in Stressful Times

Managing stress effectively has always been important, now more than ever. When you google the word stress, here is what you get: a state of mental or emotional strain or tension resulting from adverse or very demanding circumstances. What is causing you mental or emotional strain or tension in your life?

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Have you been leading from fear or purpose?

The pandemic pushed us all to our limits. The uncertainty surrounding life & business and the need to pivot at a moments’ notice forced us to react. Reactive leadership is driven by fear. We’re operating and behaving so as to avoid fear and discomfort, and there was a plenty of that going around! But this wasn’t new during the pandemic; chances are, you were leading from fear long before COVID-19 made an entrance.

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