Updated: March 30, 2020 | 
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COVID-19 Economic Injury Disaster Loan Application

Families First Coronavirus Response Act: Questions and Answers 
As provided under the legislation, the U.S. Department of Labor will be issuing implementing regulations.
Read FAQs

Referred to as the “Stay Home, Stay Safe Order,” Executive Order No. 2020-21 issued by Governor Whitmer temporarily requires the suspension of all activities that are not necessary to sustain or protect life.

Section 8 of the Executive Order defines critical infrastructure workers as those described by the U.S. Cybersecurity and Infrastructure Security Agency's March 19, 2020 guidance on the COVID-19 response. Section 8 (l) lists financial services as a sector in which some workers could be considered essential to the extent such employees meet the outlined criteria

Like many other industries and trade associations, MICPA continues to seek further guidance and clarification from the State of Michigan with regard to whether the Executive Order applies to MICPA’s members.  We will continue to update members as we receive more information.

Please note that many local and county governments have issued orders that impose additional restrictions on residents and businesses.  Please ensure that you also review and comply with those Orders if your business is a critical infrastructure business that will remain open. 

IRS Issues Guidance On July 15 Tax Deadline
Treasury Secretary Steve Mnuchin announced that Tax Day is being pushed back until July while the nation copes with the effects of the COVID-19. “All taxpayers and businesses will have this additional time to file or make payments without interest or penalties,” Mnuchin tweeted.
IRS Tax Filing Extension FAQ

The IRS released Notice 2020-18 providing additional details to the postponement of the individual filing deadline.
Read More

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 50% Self Study Cap

LARA Lifts Self-Study Cap for the Remainder of the CPE Earning Period
The Department of Licensing and Regulatory Affairs (LARA) has lifted the 50% self-study cap on continuing education credits for the continuing education period ending June 30, 2020. Learn More.

 Online Learning

State of Michigan will Recognize all Electronic CPE
For the continuing education period ending June 30, 2020, the State of Michigan will recognize all CPE that is taken through all electronic means, including webinars, self-study, e-learning, relative to the fulfillment of CPA license renewal requirements for accounting and auditing (A&A), ethics (including Michigan Specific Ethics) and general education (other hours). Find an online course today.

 MICPA Events Online

MICPA CPE
All in person courses and conferences through May 31, 2020 have been moved to an online format or postponed. Please visit the MICPA CPE Learning Center for the latest information and schedule. 

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 State Tax Filing Deadline

State Tax Filing Deadline
The MICPA has reached out to the Treasury Department and sent a letter to Governor Whitmer urging Michigan to follow the IRS’s action regarding the state tax filing deadline. View the letter.

  CPA Essential Services

 

CPA Essential Services
The MICPA sent a letter to Governor Whitmer requesting that the CPA profession be included in the list of essential critical infrastructure workplace exemptions. View the letter.

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