Treasury Deadline Approaching, Local Finance Summit Outlines Resources for MI Communities, Tips to Protect Your Social Security Number and more

by MICPA | Oct 17, 2017   ()

Treasury: Deadline Approaching for Financially Distressed Cities, Villages and Townships Grant Program
With the application deadline rapidly approaching, the Michigan Department of Treasury is reminding cities, villages and townships experiencing financial distress to apply for a grant to help fund special projects or services that move the municipality toward financial stability and free up tax dollars for important services. READ MORE

Inaugural Local Finance Summit Outlined Resources for Michigan Communities
More than 240 local government officials who attended an inaugural Local Finance Summit on Oct. 6 now have a better understanding about resources available to create fiscally resilient communities, according to the Michigan Department of Treasury. READ MORE

Four Tips for Business Owners to Reconstruct Records After a Disaster
After a disaster, many business owners might need to reconstruct records to prove a loss. This may be essential for tax purposes, getting federal assistance or insurance reimbursement. The IRS offers four tips for businesses that need to reconstruct their records. READ MORE

Tips to Safeguard Your Social Security Number
Once your Social Security number has been accessed by a hacker, it is impossible to make it secret once again. However, this U.S. News & World Report outlines how to keep your number secure. READ MORE

IRS Warns Taxpayers, Tax Pros of New Scams
The IRS issued two new scam warnings for tax preparers and taxypayers. The first warned all e-Services users to beware of a new phishing scam that tries to trick tax professionals into “signing” a new e-Services user agreement. The scam email claims to be from “e-Services Registration” and uses “Important Update about Your e-Services Account” in the subject line. A second scam involves a fake insurance tax form that is being used to access annuity and life insurance accounts. Cybercriminals currently are combining several tactics to create a complex scheme through which both tax professionals and taxpayers have been victimized. READ MORE

Potential Areas of Risk for the 2017 Audit Cycle
The Journal of Accountancy reports that an alert from the Center for Audit Quality last week discusses some of the more judgmental or complex areas that may be relevant during the 2017 auditing cycle. A second alert contains considerations for auditors of brokers and dealers. READ MORE

Engagement Letter Essentials (Don’t Include These 3 Things)
Are you updating your engagement letters at least once per year? This checklist from CAMICO explains what to include, and why you should take three things out of your letters to improve client communications and manage risk. READ MORE

Microsoft Excel Tips: Talk to Me
Ever wish your spreadsheet could talk to you? With the addition of Speak Cells, you can have Microsoft Excel read to you. This CPA Insider article offers three Excel tips to improve your productivity. READ MORE

How Artificial Intelligence Is Changing Accounting
New technology has the potential to be transformative even for smaller firms, experts say. CPA Insider explains how AI can help firms of all sizes differentiate themselves. READ MORE

Source: MICPA
Source: MICPA

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