Stay Informed

HB 4893, which seeks to add a third pathway to CPA licensure in Michigan, passed in the Michigan State House of Representatives last fall, progressing to the Senate for consideration. Since its passage, accounting professionals across the state have reached out to MICPA President and CEO Bob Doyle for updates on the bill’s progress. In a new blog entry, Bob shares where HB 4893 stands today, what actions the MICPA is taking to further its progress and what members can do to help the MICPA support this initiative.

Technological relics of the past seem harmless enough, stacked in the back corner of your firms’ deepest, darkest supply closet, but those cast off components could be radiating risk. eCycle Opportunities explains how obsolete assets can create catastrophic liability and shares tips for managing retired technology securely, sustainably and affordably.

A new Living Donor Tax Credit is available for the 2025 tax year, offering relief for clients who donate an organ on or after Jan. 1, 2025. CPAs can help eligible taxpayers claim the credit on the 2025 Michigan Individual Income Tax Form MI-1040 to offset related expenses, including lost wages and medical costs. According to the Michigan Department of Treasury, instructions for claiming the credit will be available on line 20 of the MI-1040.

Maintaining HR compliance is crucial for business success, but it can be a complex process with many moving parts. With ever-changing employment laws and regulations, non-compliance poses a significant risk of penalties and fines.