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While HB 4893 awaits a hearing in the Senate Regulatory Affairs Committee, the recently introduced Senate Bill 1113 seeks to achieve the same goal: An additional pathway to CPA licensure in Michigan

The Michigan Department of Treasury is launching an advanced phone system this month to help manage high call volumes to its Individual Income Tax Information line.

The majority of practice sales include a non-compete clause between the buyer and seller, especially if a seller is not planning to retire. APS shares key considerations, including legal and tax implications, for non-compete agreements associated with accounting practice sales.

Every year, CPAs review audited financial statements for corporations, nonprofit organizations, pension plans, municipalities, healthcare systems, and financial institutions. Balance sheets, long-term liabilities, internal controls, auditor opinions, and accrual accounting principles are fundamental to the profession’s understanding of financial condition and sustainability. Yet one of the world’s largest and most complex reporting entities—the federal government—produces an audited annual financial report that remains largely outside mainstream financial discussion.