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Stimulus Round 3: The Business End

The third round of government pandemic aid passed the Senate and is now headed for its final signature of approval. The MICPA breaks down everything financial advisors need to know about the Senate revised version of the third stimulus package.

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#ChooseToChallenge Recovery Projections This International Women’s Day

Women are facing new challenges in a business world still reeling amid a global pandemic. As International Women’s Day urges us to #ChoosetoChallenge, the MICPA investigates the new challenges ahead for women in today’s business environment.

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Virtual Accounting

Only 4% of 223 CPA firms polled in the summer of 2020 said they were fully virtual heading into the pandemic, according to research by ConvergenceCoaching, a U.S. company offering training services to the public accounting profession. About three-fifths (61%) of the firms said they had some remote talent, and 27% said they had been strictly in-office pre-coronavirus.

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Trade Reporting Frequently Asked Questions

The guidance provided in this FAQ pertains to the reporting of over-the-counter (OTC) transactions in equity securities to a FINRA Facility (a Trade Reporting Facility (TRF), the Alternative Display Facility (ADF) or the OTC Reporting Facility (ORF)). This guidance relates only to the trade reporting rules, as defined in FAQ 100.2 below, and does not address other member obligations under applicable FINRA rules or the federal securities laws, including but not limited to, recordkeeping obligations under SEC Rule 17a-3.

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GASB Requests Input on Proposal to Improve Guidance on Compensated Absences, Amend Certain Disclosures

The Governmental Accounting Standards Board (GASB) today issued for public feedback a proposed Statement designed to enhance the recognition and measurement guidance for compensated absences and refine related disclosure requirements.

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AICPA urges Congress to extend PPP deadline

The AICPA called on Congress to extend the application period for the Paycheck Protection Program (PPP) by at least 60 days. The current deadline for PPP applications is March 31, but many applications have run into problems in the U.S. Small Business Administration’s (SBA’s) PPP processing platform, which has refused to accept some applications due to system problems and has caught thousands of other applications in validation checks designed to prevent fraudulent applications from being approved.

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Policy Matters: Michigan in Perspective

The U.S. Senate is preparing to debate the $1.9 trillion stimulus plan passed by the U.S. House of Representatives on Saturday. The MICPA breaks down the most relevant inclusions in the new bill to Michiganders as well as other economic initiatives currently being proposed under the new administration

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Whitmer Administration Announces Launching of Michigan Small Emerging Manager Program

Gov. Gretchen Whitmer and State Treasurer Rachael Eubanks today announced the launching of a new program that provides smaller investment fund managers an opportunity to grow by managing state pension fund dollars.

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Municipalities and Cybersecurity

MICPA member Gregory Soule, CPA, CISA, CISSP, CFE and partner in charge of IT audit, security and consulting services for Andrews Hooper Pavik PLC discusses the need to rethink cybersecurity priorities within municipalities. From municipalities and public utilities managing critical infrastructure to public colleges and universities, government organization are quickly becoming a common target for cyber criminals.

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Want to Achieve a Huge Goal?

Most of us love setting goals. But our goals rarely love us back. Partly that's because setting a goal is easy. Getting started--much less sticking with--the steps required to achieve that goal is infinitely harder. Especially if you don't take your personality into account. Take fitness and weight loss, a goal common to plenty of people. Setting the goal is easy.

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