Tax Planning Issues for 2017, #Giving Tuesday, Michigan Treasury Update and more

by MICPA | Nov 28, 2017   ()

Tax Planning Issues for 2017: 20 Ideas to Look at Now
With the possibility of far-reaching changes to the tax code looming, there are important tax moves people can consider before the end of 2017. Leon LaBrecque, JD, CPA, CFP, CFA, a member of the MICPA Special Tax Task Force, offers 20 ideas that may be applicable now. LeBrecque includes five tips for charitable giving that are especially appropriate to consider today, on #GivingTuesday. For other tax reform updates, visit the MICPA tax reform resources page.

#GivingTuesday: Is a Charity Legit? Find Out With IRS Select Check Tool
Today is #GivingTuesday, an annual event celebrated the week after Thanksgiving to kick off the season of charitable giving. As people are deciding where to make their donations, the IRS has a tool that may help. The IRS Select Check tool on is a searchable online database that lists most eligible charitable organizations. Churches, synagogues, temples, mosques and government agencies are eligible to receive deductible donations, even if they are not listed in this database. READ MORE

Latest Michigan Treasury Update Available
The November 2017 Treasury Update is now available. Topics include Labelle interest waiver, MTO benefits, streamlining power of attorney process, certificated credits and more.  READ MORE

Explore MI Thrive
Explore MI Thrive with Representative Jim Tedder, chair of House Tax Policy, in the latest episode of MICPA's "In An Instant."


Wanted: Young, Diverse CPAs for National Ad Campaign
If you’re a 25-35-year-old CPA, love your job and have an exciting life inside and outside the office, start practicing your most dazzling grin in the mirror. The AICPA is looking for members like you to feature in a “Real CPAs” campaign, which encourages teenagers and young adults from minority groups to pursue the CPA. Submit your story and headshot by Dec. 7, 2017. SUBMIT YOUR STORY

How Revenue Recognition Impacts Pricing Strategy
The new revenue recognition rules demand tight teamwork between pricing and revenue teams. The new rules are based on one overarching principle: companies must recognize revenue when goods and services are transferred to the customer, in an amount that is proportionate to what has been delivered at that point. explores the connection between pricing and revenue recognition. READ MORE

5 Steps to Make the Most of Your HSA
Health savings accounts have a triple tax advantage, which can make them a good way to save for health expenses in retirement. CNBC offers five tips to make the most of HAS savings. READ MORE

Big Data, Analytics, AI and the Finance Professional
CGMA Magazine shares how using the right technological tools can help the finance function transform itself and fuel improvement throughout the organization. READ MORE

Keep Your Family and Friends Safe Online
During National Tax Security Awareness Week Nov. 27-Dec.1, share these seven steps to help your family and friends with online safety and protecting their tax returns and refunds in 2018. READ MORE

Thank-You Notes Can Tip Scale in Job Candidates’ Favor, Yet Few Write Them
With the rise of flextime, casual dress codes and work-from-anywhere technology, most businesses are not nearly as traditional as they used to be. Yet the thank-you note remains a job-search mainstay, suggests a new survey from staffing firm Accountemps. The bad news? Less than 25 percent of applicants send them. READ MORE

Source: MICPA
Source: MICPA

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