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E-News Survey, MICPA Members Provide Tax Assistance, Michigan Treasury Wants Your Feedback and more

by MICPA | Jan 31, 2017   ()

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MICPA Members Provide Tax Prep Assistance in Detroit
Members of the MICPA are helping low-income families in Detroit uncover opportunities like the Earned Income Tax Credit (EITC) to maximize their tax refunds. In partnership with the Accounting Aid Society, MICPA member volunteers provided tax preparation assistance at Focus: HOPE on Jan. 28 (which happened to be the day after National EITC Awareness Day). Additional members will volunteer at Focus: HOPE on Feb. 4.

“Low-income families and individuals often miss out on many of the tax credits they are entitled to receive,” said Lorena Bencsik of Robert Half, chair of the MICPA Communications Task Force. “This program helps clients navigate their tax rights and responsibilities and provide for their families.”

The Accounting Aid Society's program returns more than $6 million in tax refunds and credits annually. Accounting Aid will sponsor additional sites in Detroit and Livingston, Macomb, Oakland and Wayne counties. For a complete list of locations, hours, registration requirements and information, visit accountingaidsociety.org. READ MORE

Important Information for all Practitioners Who File with The State of Michigan
MICPA and the Michigan Department of Treasury have partnered to improve the Office of Taxpayer Advocate. Here are some of those improvements. Read More

Michigan Treasury Welcomes Feedback on MTO
As part of the Michigan Treasury Online optimization project, the Michigan Department of Treasury recently rolled out new enhancements to online services for businesses. The Department welcomes MICPA member feedback on the MTO enhancements via a survey upon logout from MTO, or email Shane Barry in the Government Relations Department.

FASB Drops Step 2 From Goodwill Impairment Test
The Journal of Accountancy reports that Step 2 was eliminated from the goodwill impairment test in a Financial Accounting Standards Board effort to simplify accounting in a new standard issued last Thursday. READ MORE

8 Tips for Finding, Hiring and Retaining the Best Busy-Season Staff
Learn from expert sources who share their best practices in this new CPA Insider article. The bottom line? Be diligent, be creative and be prepared.

Video Resource: Top 10 Tax Issues to Raise with Individual Clients
Learn more about the top 10 tax issues you might want to discuss with your clients from a series of short videos from the AICPA. You may select from a menu to watch only the topics of interest, such as due dates, common red flags for individual returns, identity theft or retirement. The videos include links for additional resources (some require membership in the AICPA Tax Section).

Form W-2 Scam Targets Payroll, Human Resource Departments
The IRS, state tax agencies and the tax industry last week renewed their warning about an email scam in which the scammer poses as a corporate officer to request employee Forms W-2 from company payroll or human resource departments. READ MORE

Identity Theft Prevention Measures CPAs Should Consider
Tax practitioners who want to learn more about new measures the IRS recently rolled out to protect taxpayer confidentiality may want to read this blog post by AICPA Senior Manager Melanie Lauridsen. She notes that the measures may cost practitioners a bit more time, but participation is worth it.

MICPA Public Service Award Nominations Due March 10
Now is your opportunity to help recognize CPAs who go above and beyond through community service at a local, state or regional level. The MICPA honors one individual each year as the recipient of the MICPA Public Service Award. It’s simple to nominate a peer or yourself online by Mar. 10. This year’s Public Service Award recipient will also become the Michigan nominee for the AICPA’s equivalent award. If you have any questions, contact Karleigha Kranz at 248.267.3703 or kkranz@micpa.org.

Source: MICPA
Source: MICPA

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