• Governor Announces State Tax Deadline Extended

    Michigan Governor Gretchen Whitmer has signed an executive order (EO 2020-26) that will extend the state tax filing and payment deadline amid the coronavirus pandemic from April 15, 2020 to July 15, 2020. This decision comes over a week after the IRS pushed back the federal tax filing deadline to July 15, 2020, and the state of Michigan has now committed follow suit allowing residents and businesses additional time to file their income taxes.
  • Highlights of the Stimulus Bill (CARES Act)

    Leon LaBrecque, MICPA board member and chief growth officer of Sequoia Financial Group, shares his highlights of the stimulus package (CARE Act).
  • How To Get Your People Engaged And Aligned During The Coronavirus Outbreak

    Complexity is the defining business and leadership challenge of our time. But it has never felt more urgent than this moment, with the coronavirus upending life and business as we know it. Governments are scrambling to mitigate the effects of the outbreak, and business leaders are rushing to protect their people, their customers, and their companies. For the next few weeks, we’ll be drawing on our deep knowledge base about what it takes to lead through the most complex and confounding problems, to offer you insights and advice about how to keep a steady hand on the wheel during the crisis, and how to guide your organization in its transition back to normalcy once the crisis winds down.
  • List Of Coronavirus (COVID-19) Small Business Relief Programs

    Small businesses have been hit hard by mandatory closures and safety measures required to slow the spread of the coronavirus (COVID-19).
  • IRS Releases Tax Filing Extension FAQ, and more

    IRS Releases Tax Filing Extension FAQ, Governor Issues Executive Order, Michigan Nonprofit Association Responds to Stay-at-Home Orde, and more.
  • MICPA Member Alert – Governor Issues Executive Order

    Referred to as the “Stay Home, Stay Safe Order,” Executive Order No. 2020-21 issued by Governor Whitmer temporarily requires the suspension of all activities that are not necessary to sustain or protect life. Section 8 of the Executive Order defines critical infrastructure workers as those described by theU.S. Cybersecurity and Infrastructure Security Agency's March 19, 2020 guidance on the COVID-19 response. Section 8 (l) lists financial services as a sector in which some workers could be considered essential to the extent such employees meet the outlined criteria. Like many other industries and trade associations, MICPA continues to seek further guidance and clarification from the State of Michigan with regard to whether the Executive Order applies to MICPA’s members. We will continue to update members as we receive more information

    Treasury Secretary Steve Mnuchin announced Friday, that Tax Day is being pushed back until July while the nation copes with the effects of the COVID-19. “All taxpayers and businesses will have this additional time to file or make payments without interest or penalties,” Mnuchin tweeted earlier today. The IRS just released Notice 2020-18 providing additional details to the postponement of the individual filing deadline.
  • Tax Filing Deadline Moving to July 15, Treasury Secretary Announces

    Treasury Secretary Steven Mnuchin announced on Friday that tax returns normally due on April 15 will not be due until July 15 this year. The news came in a tweet, and the IRS has not yet issued official guidance on the move.
  • LARA Lifts Self-Study Cap for the Remainder of the CPE Earning Period

    Recognizing that the current public health crisis places a burden on CPAs as they earn their annual CPE requirements, the MICPA has worked with the State of Michigan Department of Licensing and Regulatory Affairs (LARA) to develop a solution that supports the recommendations made by the Centers for Disease Control & Prevention (CDC).
  • MICPA Expresses Support for the Tax Filing Relief for America Act

    Senator Thune (R-SD) has introduced the Tax Filing Relief for America Act, which would extend the April 15, 2020 tax filing date by 90 days to July 15, 2020. The Bill would create consistency in tax filing and tax payment dates, and would be a legislative solution to the problem caused by Treasury when they only extended the tax payment date.

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