Consolidated Appropriations Act, 2021

Summary of the New Stimulus Bill (The ‘Consolidated Appropriations Act, 2021’)

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PPP2 - Ready, Set, Go: An Advisory Checklist for Your Small Business Clients

Now that Congress has officially passed the second aid package as part of a massive spending bill, the time to prep for a second round of Paycheck Protection Program (PPP) applications is now. Are you sitting on go? Securing funds is expected to be a major advisory service over the next two years - here's how to prepare your clients for their next chance to grab a forgivable loan.

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Everything That Matters About the New PPP

Last night, Congress approved the Consolidated Appropriations Act of 2021, a massive spending bill which included new coronavirus relief measures such as a second Paycheck Protection Program (PPP2). The shape of the PPP2 has consumed headlines in recent weeks as negotiations persisted, but the MICPA has the final breakdown of everything that matters about the PPP2 so that you can help your clients prepare now.

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PPP And EIDL Loan Advances And Changes Under New Act

Hundreds of thousands of small businesses and millions of people have been waiting for a second round of Paycheck Protection Program (“PPP”) loans to keep businesses and professionals operational. The new law will help many of these individuals and businesses, but not all.

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News Finance

FASB Proposes Accounting Alternative to the Goodwill Triggering Event Assessment for Certain Private Companies and Organizations

Norwalk, CT—December 21, 2020—The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update (ASU) intended to provide an accounting alternative that would reduce the complexity for certain private companies and not-for-profit organizations when performing the goodwill triggering event evaluation. Stakeholders are encouraged to review and provide comment on the proposed ASU by January 20, 2021.

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The Future of Auditing is Now

It seems as if one era of auditing is continually giving way to a new one as policy and technology continue to evolve. Due the fast-changing nature of the profession, even seasoned auditors can sometimes feel overwhelmed. In 2020, the rate of progression seems to have quadrupled with rapid technology adoption, pushed ahead by necessity. As we approach the start of a new year, find out what lay ahead for yet another new era of auditing

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This CEO Just Brilliantly Explained How Remote Work Will Change the World by 2030

"The rise of remote will lead to people re-prioritizing what is important to them," writes Herd. "Organizing your work around your life will be the first noticeable switch. People realizing they are more than their job will lead to deeper purpose in other areas."

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MICPA Welcomes New Student Members in December

As the end of 2020 closes in, we are excited to welcome 39 new Student Members from 10 colleges and universities to the MICPA. We look forward to working with all of our Student Members, new and old, in 2021 to keep your path to CPA on the right track. Do you know any of these new members? Find out who joined in December and welcome them into the fold. 

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CPA Exam Blueprint Revisions

Updated CPA Exam Blueprints Unveiled The profession is evolving and in order to make sure graduates are equipped with the skills they need to be competitive in the profession the CPA Exam is evolving, too. Effective July 1, 2021, the CPA Exam Blueprints will be updated to reflect 35 of 46 proposed changes introduced over the course of the past year. Students are encouraged to familiarize themselves with the new blueprints and use it as an additional bit of study material ahead of their exam.

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Finding Emotional Support in Troubling Times

This just in: sometimes we’re not equipped to solve our own problems. When personal support systems fall through, people need to know they have options. Find out what your options are as a student living in Michigan.

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