E-News Archive

2010

Issue 510 - March 1, 2010
Michigan Treasury Approves Final RAB: Unitary Relationship Tests/New MACPA Benefit - Join Costco Today/SEC Affirms Commitment to Global Standards/Interest Rates Remain the Same for the Second Quarter of 2010/IRS Letters and Visits to Tax Return Preparers: Updated FAQs Available/FY 2009 Financial Report of U.S. Government Released/New USDOL Rules Enhance Retirement Advice and Transparency for Workers/CPA Financial Executives: Economic Outlook Remains Pessimistic

Issue 509 - February 22, 2010
Special Haiti Donation Tax Option Ends on Sunday/February = Property Assessments: Download Free Whitepaper on Appeals/Recognize Your Rising Starts - Nominations Open for 40 Under 40/PCAOB Publishes Q&A on Auditing Standard No. 7, Engagement Quality Review/IASC Foundation Publishes Proposed IFRS Taxonomy 2010/Federal Reserve Announces Online Consumer Guide to Credit Cards/Governor Opens State Healthcare Plans to Local Governments, Others

Issue 508 - February 15, 2010
Michigan CPA License Renewal Reminder/Michigan Treasury Releases Two Draft RABs/More Information on Documentation Requirements for the First-Time Homebuyer Credit/MACPA Protects Citizens of Michigan During Tax Season/Friday is MACPA Night at the Palace: Great Ticket Prices, Shoot a Free Throw

Issue 507 - February 8, 2010
Michigan Treasury Releases Final Unitary Control Test RAB/Road to Mobility: Congratulations to Massachusetts/Proposed New Requirements for Tax Return Preparers: Frequently Asked Questions/Financial Accounting Foundation to Maintain XBRL Taxonomy for U.S. GAAP/PCAOB Launches a New Website/IRS Seeks Members for Electronic Tax Administration Advisory Committee/Sign Up Now to Join the MACPA Team in Race for the Cure on May 22/If You Are Giving Back to the Community, the MACPA Wants to Know!/Early Report Shows Lower Average Salary for College Class of 2010

Issue 506 - February 1, 2010
IRS Announces Plan to Require Disclosure of Uncertain Tax Positions/Michigan Taxpayers File with Different Center this Year/FASB Update/Obama Rules Require Parity in Treatment of Mental, Substance Use Disorders/MACPA Night at the Palace: Great Ticket Prices, Shoot a Free Throw/Roger CPA Review - New Member Benefit/Save $25 on the MBT 2010 Compliance Guide

Issue 505 - January 25, 2010
Haiti Contributions Qualify for 2009 Deduction/Michigan CPA License Renewal Reminder/IRS Announces Qualified Disaster Treatment for Haiti/IRS Moves Forward with Paid Income Tax Return Preparer Strategy/Health Coverage Tax Credit and the COBRA Subsidy Update/FASB Issues Fair Value Standards Update/Most MBT Returns Must Be E-Filed/The Early Bird Gets the Worm - Exhibit at MACPA's Management Information & Business Show/MACPA New Member Benefit - Start Off 2010 in Style with Brooks Brothers/Give Back to Your Country - Help Prepare Taxes for Navy Personnel

Issue 504 - January 18, 2010
IRS Releases New Homebuyer Credit Form/AICPA Mobilizes CPAs to Help Victims of Earthquake in Haiti/New MACPA Member Benefit: Save Money at Office Depot!/IRS Announces Streamlined and Simplified Notices to Taxpayers/MACPA PAC Needs You More Than Ever in 2010/USDOL Issues Final Safe Harbor Rule on Employee Contributions to Small Plans/Free Training Material for IFRS for SMEs Available/PCAOB Auditing Standard on Engagement Quality Review Approved by SEC/PCAOB Issues Staff Q&As/Access MACPA's New 2010 Spring CPE Catalog Online

Issue 503 - January 11, 2010
AICPA Supports Tax Preparer Registration; Expresses Concern About Non-CPAs/Save $25 on the MBT 2010 Compliance Guide/Michigan Adds Children's Hospital and Others to Voluntary Contributions Schedule/IRS Releases Fact Sheets for the 2010 Tax Filing Season/Tax Centers on IRS.gov Can Help Clarify Specific Tax Issues/National Taxpayer Advocate Delivers Annual Report to Congress; Focuses on Taxpayer Service, Collection and Preparer Regulation/U.S. Labor Department EFAST2 Online Filing System Operational

Issue 502 - January 4, 2010
7216: IRS Issues Proposed Regulations Adjusting Use of Some Taxpayer Information/Join Us for MACPA Night at the Palace/Governor Granholm Continues Streamlining with Creation of Department of Technology, Management and Budget/State Tax Credits Continue for Vehicles Donated to Charitable Organizations/Expanded 120-Day Time Window Applies to Disclosure Authorizations; IRS Requests Comments on Rule Change/PCAOB Establishes Academic Fellowship Program for 2010-2011 Academic Year and Solicits Candidates/FASB Issues Three Accounting Standards Updates/GASB Issues Final Statements on OPEB Measurements and Chapter 9 Bankruptcies/U.S. Labor Department Publishes 2009 Form M-1 for Multiple Employer Welfare Arrangements/AICPA Offers Guidance to FASB Ruling on Fair Value of Alternative Investments

2009

Issue 501 - December 21, 2009
AICPA and FAF Panel to Address Standards for Private Companies/Section 7216 Clarifying Guidance Likely to be Released Before Year End/New MACPA Alliance with Grand Rapids Griffins Offers Exciting Hockey/SEC Approves Stronger Safeguards to Protect Clients' Assets Controlled by Investment Advisers/PCAOB Re-proposes Auditing Standards on Auditor Risk Assessment/IRS Issues Proposed Regulations on New Basis Reporting Requirement/Tax Break on New Car Purchases Ends Dec. 31/IRS Set to Release Preparer Regulation Recommendations Soon/FASB Updates/CCH White Paper Examines States' Likely Sales Tax Moves/Crain's Seeks CFO of the Year Nominations, Deadline Jan. 11/Get 30% Off Your 2010 Master Tax Guide Through MACPA/Cybersafety Booklet for Parents and Kids Now Available

Issue 500 - December 14, 2009
House Passes Sweeping Financial Reform Bill/Granholm Pauses School Aid Payment Reduction to School Districts/Update on New York Tax Preparer Registration Program - Bill Signed by Governor/New GAO Report on R&D Tax Credit Recommends Key Changes & Additional Clarity/PCAOB to Consider Second Look at Auditor's Risk Assessment/Treasury Report Shows Higher Returns, Lower Spending Under TARP Than Previously Projected/Concerned About Professional Liability? Changes to the MBT? Tax on Services?/2010 Master Tax Guide - Shipping Now at a Special Member Price/Connect with CPAs Through Sponsorships, Exhibits; Time Running Out for 2009 Published Pricing

Issue 499 - December 7, 2009
Privacy Principles Updated to Curtail Identity Theft/Michigan Launches 529 Advisor College Savings Plan/Crain's Call for Nominations: Mergers & Acquisitions, CFO of the Year/NY State to Require Registration of Tax Preparers/IRS Extends Food Industry Tip Reporting Program/IRS Announces 2010 Standard Mileage Rates/"I Love My CPA" Items Benefit MAF Accounting Scholarships/MAF Raffle Winners Announced

Issue 498 - November 30, 2009
First-Time Homebuyer Credit Extended with New Provisions/Final Week to Buy: MAF Raffle Offers Chance to Win Great Prizes/AICPA Opposes Senate Provision Expanding Liability for Aiding and Abetting to Third Parties/Interest Rates Remain the Same for the First Quarter of 2010/IRS Issues Proposed Regulations on Reporting Requirement for Payment Card and Third-Party Payment Transactions

Issue 497 - November 23, 2009
December Game Dates Added to Red Wings Offer/Most Businesses May Take Advantage of Expanded Loss Carryback Option Under New IRS Procedure/New Nonprofit IRS Resource/President Establishes Interagency Financial Fraud Enforcement Task Force/Granholm to Merge DMB, DIT; Theis to be Named Director of New Department/Election Update - Looking Ahead to Pivotal 2010

Issue 496- November 16, 2009
AICPA Lawsuit Challenges Red Flags Rule/Paul Beswick Named Deputy Chief Accountant in Charge of Auditing Group/Governor Urges State Senate to Keep the Michigan Promise Scholarship/Survey: Economic Sentiment Flat Among CPA Financial Executives; Pessimism Remains High/Need a Gift Idea?/There is Still Time to Say "Yes" to Red Wings in "Yes-vember"

Issue 495 - November 9, 2009
Back by Popular Demand: Red Wings Tickets at Special Prices/Michigan Treasury Auditing Nonrefundable Income Tax Credit Claims/From Michigan Board of Accountancy: 2009 License Renewal Information/Update: New Peer Review Process Underway/MAF Raffle Offers Chance to Win Great Prizes, Supports Future of the Profession/Two Out of Three Individuals Now Using IRS e-File

Issue 494 - November 2, 2009
Red Flags Rule Delayed/Election Day: Get Out and Vote/Executive Order Realigns Tax Commission/Follow Michigan Tax Conference on Twitter/Tax Credits Help Homeowners Winterize their Homes, Save Energy

Issue 493 - October 26, 2009
Tax Proposal Includes Sales Tax on Services/Tax on Services & Draft Unitary RAB: Hot Topics at Michigan Tax Conference/Follow the MACPA's Michigan Tax Conference on Twitter/Michigan Treasury Releases Final RAB on Food Tax/IRS Schedules Solution Sunday for Nov. 7 in Detroit/New Form Aids Processing of Mortgage Applications, Makes Ordering Tax Transcripts Simpler/EBSA Issues Added Guidance for Form 5500, Schedule C/Consumer and Taxpayer Rights Groups Seek Ban on Tax Patents/AICPA Offers 'Start Here, Rock Out' Sweepstakes, Gives Away 120 iPod Touches/William F. Ezzel Receives AICPA Gold Medal for Distinguished Service

Issue 492 - October 19, 2009
AICPA Offers Guidance on Red Flags Rule/New IRS Retirement Plan Navigator Aims to Help Small Businesses/Inflation Having Little Effect on Tax Rates and Benefits in 2010/IRS Announces Pension Plan Limitations for 2010/New Video Series Helps Exempt Organizations Understand Redesigned Form 990 Requirements/New Internal Control Services Guide for Governmental Organizations, CPAs Available/Law Does Not Provide for a Social Security Cost-of-Living Adjustment for 2010/AICPA Provides Tax Reform Principles to White House Panel/Preparing Your Business for Flu Season/CPA Firms Rated Top Places to Work 

Issue 491 - October 12, 2009
Individual Development Accounts Provide New Opportunity for State Tax Credit/Oct. 17 - Last Day for Businesses to Request Tax Credit Certification for Some New Hires/Special Sales Tax Deduction for Car Purchases Available through End of 2009/Recent FASB Activity/AICPA Calls for Permanent, Independent Funding Source for International Accounting Standards Board/Pre-Order the 2010 Master Tax Guide and Take Advantage of Special Member Discount

Issue 490 - October 5, 2009
IRS Issues Guidance on 2009 Required Minimum Distribution Waiver/Upcoming Webinar: Prepare Your Office for H1N1/FASB Accounting Standards CodificationTM Now Provides Users with Information about Related XBRL Elements/Topic 740:  FASB Clarifies Effective Dates/Small Public Companies to Begin Providing Audited Assessment of Internal Controls

Issue 489 - September 28, 2009
Pilot Program: MACPA Will Help Military Personnel With Tax Return Prep/AICPA Tells U.S. House Small Business Committee Don’t Stifle Entrepreneurs, CPAs Already Highly Regulated/IRS Extends Deadline for Disclosing Hidden Offshore Accounts/IRS Issues Guidance on 2009 Required Minimum Distribution Waiver/PCAOB Issues Report on First Year of Implementation of AS No. 5/Michigan Treasury Releases RAB 2009-6/MACPA Snags Top Honors in Statewide Competition/BCBSM: Win by Losing

Issue 488 - September 21, 2009
SEC to Refocus on IFRS Roadmap/First-Time Homebuyer Credit Provides Tax Benefits to 1.4 Million Families to Date, More Claims Expected/2009 Michigan Tax Conference is Here – Mark Your Calendar for November 3 & 4 in Novi/IRS Boosts Tax Incentives for Retirement Savings/CFOs Expect Little Change in Hiring Activity in Fourth Quarter/IRS Announces New Materials Available to Promote Awareness of Recovery Act Tax Benefits

Issue 487 - September 14, 2009
Enter to Win an iPod Touch; Complete Our Website Survey by Tuesday/MACPA Fall Members Advisory Symposium – One Week Left to Register/Follow the MACPA’s Fall Members Advisory Symposium on Twitter/Deadlines Near for Business to Choose Expanded NOL Election/User Fees Change for Exempt Organizations Next Year/Special IRS Web Section Highlights Back-to-School Tax Breaks; Popular 529 Plans Expanded, New $2,500 College Credit Available/Technology Expenses Make the Grade for Qualified Tuition Programs/FTC Testifies on Efforts to Stop Economic Stimulus Fraud/September/October Leaders’ Edge Now Available

Issue 486 - September 8, 2009
Auto Industry Expert David Cole Added to Symposium Agenda/New Peer Review Process Will Simplify Form Submission/PCAOB Q&A on References to Authoritative Accounting Guidance/Comment Deadline Nears on GASB Proposal on Service Concession Arrangements/Two Prominent MACPA Members Appointed by Governor Granholm/Capturing the Bottom-Line Benefits of Sustainability

Issue 485 -  August 31, 2009
AGs Office Reminds CPAs of Charity Audit Changes/FASB Issues Exposure Draft to Improve Fair Value Measurements Disclosures/New Book on MBT Offered at Member Discount Through CCH/Family or Friends in Military Service? We Want to Know/Interactive Map Describes Mobility/Family Ties in CPA Firms

Issue 484 - August 24, 2009
"Bonus" Sessions Added to Fall Members Event/MACPA Asks FTC to Exempt CPAs from “Red Flags” Rule/For Many Small Businesses, Fall Filing Deadline Looms for Special Refund Claims/IRS Features Recovery Tax Credits on YouTube, iTunes/IRS to Receive Unprecedented Amount of Information in UBS Agreement/IRS Seeks Comments from Government Agencies at Upcoming Public Forum on Proposals to Advance Tax Preparer Performance Standards/Deadline for Comment on Two GASB Exposure Drafts on OPEB Measurements and Chapter 9 Bankruptcies QuicklyApproaching/Economic Optimism Rises Among CPA Financial Executives/MACPA Seeks Comment by 8-26 on Treasury Draft RAB

Issue 483 - August 17, 2009
PCAOB Provides New and Updated Information on Inspections/PCAOB Rules Requiring Reporting By Registered Firms Take Effect October 12, 2009/Treasury, Energy Announce more than $2 Billion in Recovery Act Tax Credits for Energy Manufacturers/Interest Rates Remain the Same for the Fourth Quarter of 2009/MACPA Seeks Comment by 8-26 on Treasury Draft RAB

Issue 482 - August 10, 2009
Are You Up to Speed on These Critical Dates?/IRS Launches Dialogue on Preparer Standards; Comments Due by August 31/Family or Friends in Military Service? We want to know./DEEEE-TROIT Tigers Discounted Tickets Still Available

Issue 481 - August 3, 2009
New MACPA Conference Offers More Choices, Uniquely-Tailored Program/AICPA Turns to Nationwide Mobility Implementation/GAO Says USPS Needs Broad Restructuring to Address Deteriorating Finances/Treasury, Energy Now Accepting Applications for Funding for Renewable Energy Projects/View Video Excerpts of PBS Forum With Fed Chairman Bernanke/Who is Responsible for a Deceased Relative's Debts?/Accounting Degrees Continue Historic Upward Trend, According to AICPA Report/AICPA Debuts New ‘Start Here, Go Places’ Website

Issue 480 - July 27, 2009
Assistance Bulletin Provides Transition Relief for 403(b) Plans/You Were Going How Fast?/Deadline Approaching for Commenting on GASB’s Reexamination of Pension Standards/Family or Friends in Military Service? We Want to Know!/Need to Find a Job in This Economy? MACPA Can Help/MACPA Seeks Comment by 8-26 on Treasury Draft RAB

Issue 479 - July 20, 2009
Update: DELEG Online CPE Reporting Not Operational/MACPA Seeking Comment on Treasury Draft RAB/MACPA is Keeping You Moving Forward in Unprecedented Times/Treasury Posts Fact Sheet on Say-On-Pay/IRS Offers Audit Techniques Guides/College Class of 2009 Holds Ground With Average Starting Salary Offer

Issue 478 - July 13, 2009
Report CPE Hours Online for 2009 License Renewal/IASB Publishes Accounting Standard for Small and Medium-Sized Businesses/More than $3 Billion in Recovery Act Funds Offered for Renewable Energy Projects/GAO Blasts U.S. Government Financial Statements/Client Retention Dominates AICPA 2009 CPA Firm Top Issues Survey/State Tax Tribunal Appoints CPA/MACPA Membership Renewal Time

Issue 477 - July 6, 2009
Renew Your MACPA Dues - A Homerun for You and the Profession!/IRS Electronic Advisory Committee Delivers Report to Congress/Federal Open Market Committee Says Economy is Heading for Stabilization/Statement of IRS Commissioner Doug Shulman/Weathering the Storm: What the 2009 PCPS CPA Firm Top Issues Survey Says about the Economy’s Impact on CPA Firms/FASB Issues Exposure Draft on Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses/PCAOB Adopts Rule Amendment on the Timing of Certain Non-U.S. Inspections/GASB Issues Two Exposure Drafts on OPEB Measurements and Chapter 9 Bankruptcies/May Unemployment Rates Increase in Most of Michigan's Regional Labor Markets; Sluggish Overall Economy Dampens Seasonal Employment Hunt in Many Areas

Issue 476 - June 29, 2009
Renew Your MACPA Dues - A Homerun for You and the Profession!/IRS Electronic Advisory Committee Delivers Report to Congress/Federal Open Market Committee Says Economy is Heading for Stabilization/Statement of IRS Commissioner Doug Shulman/Weathering the Storm: What the 2009 PCPS CPA Firm Top Issues Survey Says about the Economy’s Impact on CPA Firms/FASB Issues Exposure Draft on Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses/PCAOB Adopts Rule Amendment on the Timing of Certain Non-U.S. Inspections/GASB Issues Two Exposure Drafts on OPEB Measurements and Chapter 9 Bankruptcies/May Unemployment Rates Increase in Most of Michigan's Regional Labor Markets; Sluggish Overall Economy Dampens Seasonal Employment Hunt in Many Areas

Issue 475 - June 22, 2009
The MACPA Collaborates With Detroit Tigers /MACPA A&A Standards Task Force Seeking Member Input on SSARS Project/AICPA Announces Revisions to CITP Credential/State Offices Will Close Six Days This Summer to Accommodate Unpaid Furlough Days for State Employees/FAF and AAA to Provide FASB Codification to Faculty and Students/PCAOB to Consider Rule Amendment Concerning the Timing of Certain Non-U.S. Inspections

Issue 474 - June 15, 2009
It's Membership Renewal Time - An Investment in Your Career/U.S. Treasury Addresses Executive Compensation Practices/PCAOB Chairman Olson Announces His Resignation/FASB News: FAS 166, 167 and 157-g/Trends: Industries That Continue to Grow/Save the Date – MACPA’s Fall Members Advisory Symposium

Issue 473 - June 8, 2009
FASB Accounting Standard Codification to Officially Launch on July 1, 2009/Oregon is 44th State in the Movement/Toward Mobility/IRS Launches Tax Return Preparer Review; Recommendations to Improve Compliance Expected by Year End/IRS Clarifies Requirement for Filing FBAR Form Due This Month/Michigan Treasury Releases Interest Rate Bulletin/MACPA A&A Standards Task Force Seeking Member Input on Revenue Recognition Project/Call for MACPA Public Service Award Nominations

Issue 472 - June 1, 2009
GM: Bankrupt/Detroit Red Wings Provide Full MAF Scholarship/MACPA Team Races for the Cure/IRS Offers Tax Credit Guidance to Businesses Hiring Unemployed Veterans and Certain Youth/Small Businesses Should Act Now to Save with Special Tax Breaks, IRS Says/Interest Rates Remain the Same for the Third Quarter of 2009/IASB Publishes Draft Guidance on Fair Value Measurement/IASB Proposes to Clarify the Accounting for Prepayments for Pension Plans/FASB Update: Statements 164 & 165/USDOL Publishes Process for COBRA Denial Appeals/FTC Begins Rulemaking to Address Unfair and Deceptive Mortgage Practices

Issue 471 - May 18, 2009
Special Ticket Price for MACPA Members - Game 2, Western Conference Finals/State Cuts Revenue Projections for Remainder of '09 and FY 2010/Biggest Changes Proposed in SSARSs Since 1978/IRS Announces Withholding Adjustment Option for Pension Plans and Provides Taxpayer Education/Proper Documentation Impacts Statute of Limitations for Malpractice Claims/Many Foresee Recovery in First Quarter 2010: AICPA Outlook Survey/U.S. CPAs Still Evaluating International Standards, Recognize Need To Learn IFRS

Issue 470 - May 11, 2009
Still Time to Join Us in the Race for the Cure/Auction Benefits Accountancy Scholarships/IRS Reminds Small Tax-Exempt Organizations to File e-Postcards/Red Wings Excitement Builds/PCAOB Solicits Nominations for Standing Advisory Group/Governor’s Executive Order Addresses State Budget Deficit/Survey: Most Companies Ready for SEC's XBRL Reporting Mandate

Issue 469 - May 4, 2009
39th State Sends License Mobility Legislation to Governor/State Treasury Offers Online Payments for Business Taxes/PCAOB Issues Fair Value Audit Practice Alert/FASB Releases Proposed Staff Position on Fair Value/Member Appreciation: Attend an Eight-Hour CPE Event, Get $25 Back/Save 30% on Tax and Accounting Books/Red-Hot Red Wings! Discounted Tickets Still Available for Games 5 & 7/E-file Hits Record 90 Million; 30 Million Filed From Home Computers/IRS Seeks Applications for Advisory Council/AICPA Offers Specific Regulatory Reforms to Promote Transparency, Investor Protections

Issue 468 - April 27, 2009
Red Wings Skate to Round 2! Tickets Available for Members/PCAOB Issues Fair Value Practice Alert/GASB Issues Guide to Implementation of Statement 53 on Derivative Instruments/AICPA Introduces Guide for Members on SEC and State Regulations for Investment Adviser Registration/Robert Half Launches Career Podcast Series for Accounting and Finance Managers/Energy-Saving Steps This Year May Result in Tax Savings Next Year/Trends: Seven Successful Industries in 2008

Issue 467 - April 20, 2009
MACPA Launches Economic Crisis Resource Center/Will the Red Wings Need Game 5? Still Time to Get Discounted Tickets for Saturday’s Playoff Game/More Americans Concerned About Losing Their Jobs, Delaying Major Life Decisions Amid Recession: AICPA Poll/GASB Statement Codifies Accounting and Financial Reporting Guidance Contained in the AICPA Standards/Michigan Treasury Adds to MBT FAQs/PCAOB Issues Concept Release on Possible Revisions to the Standard on Audit Confirmations/Public Company Accounting Oversight Board Names New Chief Auditor

Issue 466 - April 13, 2009
FASB Isuses Final Fair Value Guidance/Member Red Wing Ticket Offer for ALL Home Playoff Games/GASB Invites Comment on Pension Accounting and Financial Reporting/AICPA Comments on IFRS Proposed Roadmap/“Money Matters” In Difficult Times/Treasury Calls on All Federal Beneficiaries to Sign Up for Direct Deposit by April 20

Issue 465 - April 6, 2009
MBT Penalty Relief Bills Sent to Governor/Wow! Great Response to Red Wings Ticket Offers/MACPA Tracks Your CPE – Check to See Where You Stand Before June 30th/Special Tax Break Available for New Car Purchases This Year/FASB Releases New Staff Positions on Fair Value/IRS Issues Guidance on New Build America Bonds/FASB Issues Staff Position 141(R)-1/GASB Issues Statement No. 55, GAAP Hierarchy for State and Local Governments/As Income Tax Deadline Looms, Michigan Treasury Highlights State EITC

Issue 464 - March 30, 2009
MACPA Partners with Champions: Get Playoff Tickets Now/First $2,400 of Unemployment Benefits Tax Free for 2009/New FASB Statement on GAAP Hierarchy/GASB Releases Fact Sheet on Reporting Fund Balance Information/State Bar Taxation Section Presents 22nd Annual Tax Conference/Tips on Recovering Financially from a Disaster; Free Guide Available/AICPA Offers Webcast on U.S. Mandated Use of XBRL in Financial Reporting

Issue 463 - March 23, 2009
CPA License Mobility: 36, 37, 38...and Counting/Administration Launches New Consumer Website for Responsible Homeowners Seeking Relief/New Law Extends Net Operating Loss Carryback for Small Businesses; IRS To Ensure Refunds Paid Timely/SEC Charges Madoff Auditors with Fraud/FASB Issues Proposals to Improve Guidance on Fair Value Measurements and Impairments/IASB and FASB Launch Public Consultation on a Future Standard on Lease Accounting/Governor Announces Over 2,600 New Jobs/Race for the Cure: Local Schoolchildren Help Out, You Can Sign Up Now to Race/Companies Making Extensive Changes To Executive Pay, Survey Finds

Issue 462 - March 16, 2009
Kansas: 36th State to Pass CPA License Mobility Provision/Governor Signs Solvency Tax Legislation/Spring Members Advisory Forum: The Economy and the CPA Profession/IRS Interest Rates Drop for the Second Quarter of 2009/Other IRS News/GASB Issues New Fund Balance Reporting Standard/FASB Chairman Testifies on Mark-to-Market Accounting/Additional News from FASB/Trends: Seven Worst Performing Retail Industries in 2008

Issue 461 - March 9, 2009
MACPA Hard at Work on MBT Penalty Relief Provisions/Still Time to Get Discounted Tickets for MACPA Nights at The Joe for Detroit Red Wings Action/Governor Unveils “Michigan Business One Stop”/IRS Seeks New Issues for the Industry Issue Resolution Program/Questions Answered on Individual and Business Tax Provisions of Economic Stimulus Package/IRS Conducts Extensive Review, Decides Not to Renew Private Debt Collection Contracts/Taxpayers Filing Earlier and Banking Larger Refunds in 2009/PCAOB Re-proposes Auditing Standard on Engagement Quality Review

Issue 460 - March 2, 2009
Access MACPA Resources to Comply with New Tax Disclosure Consent Requirements/IRS Offers Online Resource for ARRA of 2009/IRS Releases Information to Help Employers Claim COBRA Medical Coverage Credit on Payroll Tax Form/Chief Auditor Thomas Ray to Leave PCAOB

Issue 459 - February 23, 2009
New Withholding Tables Available; Many Will See Paycheck Boost/New Staff Expands MACPA West Michigan Presence/NASBA Urges SEC to Withdraw Roadmap/FASB Initiates Projects to Improve Measurement and Disclosure of Fair Value Estimates/Executive Summary Offers Overview of Homeowner Affordability and Stability Plan/COBRA Continuation Coverage Assistance Under the American Recovery and Reinvestment Act Of 2009/New Feature on MACPA Website Gives You Option to Save Money and Get to Know Your Colleagues/Changes in U.S. Family Finances from 2004 to 2007: Evidence from the Survey of Consumer Finances/Outlook Dims for U.S. Economic Recovery Before 2010, CFOs AND CPA Executives Say/Where Leaders Come Together - 2009 Spring Members Advisory Forum

Issue 458 - February 16, 2009
New MACPA Resources Available on IRC Sec. 7216/Access Governor’s Proposed 2010 Budget Online/AICPA Offers Free Job Finder Site to Help CPAs Affected by Economic Downturn/Field Assistance Bulletin Released on New Annual Funding Notice Requirements/First-Class Stamp Prices Will Increase 2-cents in May

 

 

 

 

 

Issue 457 - February 9, 2009
Granholm Says Michigan Will Weather the Storm/News Update: Tax Preparer Drops Negative Ads/Tax Season Speaker Resources Available Online/New Michigan EITC Highlights Available Tax Relief/Feel Good About Filing Your Taxes: Donate to Michigan Cancer Funds this Year/Recession Prompts Financial Executives to Rethink Retirement, Survey Shows/New Study Shows Many Americans Planning to Delay Retirement Up to Five Years Amid Economic Downturn/Treasury Announced New Restrictions on Executive Compensation

Issue 456 - February 2, 2009
New Economic Crisis Resource Center Launched for CPAs/IRS Offers Tips to Avoid Recovery Rebate Credit Confusion/IRS Provides Useful Tax Season Resources/FASB News

Issue 455 January 26, 2009
State Expands Unemployment Services/CPAs Speak Out Against Negative Advertising/PCAOB Publishes Staff Guidance on Auditing Internal Control Over Financial Reporting in Smaller Public Companies/Taxpayers in Four States File with Different Centers this Year/Supply & Demand Report Data Sought from Firms and Educators

Issue 454 - January 19, 2009
MACPA - Protecting Michigan Citizens During Tax Season/IRS Resources at Your Fingertips/Information Security Management is Top Tech Issue for 7th Year in a Row/SEC Staff Extends Sarbanes-Oxley Survey to January 31/New Publications Helps Small Employers with 401(k) Enrollment/AICPA Honors CPAs for Research and Achievement/IRS Conducting Annual SBSE Telephone Survey

Issue 453 - January 12, 2009
Governor Signs Major MBT Legislation/State Lowers Revenue Estimates for FY 2009/Attorney General: New State Legislature Must Open Up the Books/GAO Offers Framework for Modernizing Financial Regulatory System/Teasury Releases 2nd Congressional Report on EESA/National Taxpayer Advocate Urges Tax Simplification and Compassionate Treatment of Taxpayers Hit by Recession

Issue 452 - January 5, 2009
Study Says Improve Fair Value Accounting Standards/Treasury Releases Responses to Congressional Oversight Panel/FASB Actions Update – FAS 107-a and FIN 48-3/DOL Finalizes Civil Penalty Rules Under Pension Protection Act

2008

Issue 451 - December 22, 2008
Happy Holidays/SEC Approves Final Rule Requiring Interactive Data/Treasury Releases Terms for Automotive Plan/IRS Speeds Lien Relief for Homeowners Trying to Refinance, Sell/FASB Issues First of Two Proposed Staff Positions to Improve the Financial Reporting for Financial Instruments/IASB and FASB Propose Joint Approach for Revenue Recognition/GASB Issues Concepts Statement No. 5, Service Efforts and Accomplishments Reporting/FTC Issues Report on Social Security Numbers and Identity Theft

Issue 450 - December 15, 2008
Nominate Your CFO for Crain's 3rd Annual CFO of the Year Awards/Governor’s Cuts Are "First Step" to Address FY 2009 Challenges/FASB Issues FAS 140 and FIN 46 Document/Interest Rates Drop for the First Quarter of 2009/New Mobility Video Released Today/Retirement Plans for Public Schools and Exempt Organizations Get Extension on Time to Complete Written Plans/AICPA and InvestmentNews Offer Online Discussion Forum for Financial Advisers/IRS Offers Tips for Year-End Donations

Issue 449 - December 8, 2008
New IRS Tax Preparer Rules Require Client Consent/FASB Standards Codification™ Expected to Launch on July 1/Michigan Treasury Issues RAB on Audits/Michigan Treasury Adds to Tax FAQs/PCAOB Alert Addresses Audit Considerations in the Current Economic Environment/Saver’s Credit Still in Place: Tax Break Helps Low- and Moderate-Income Workers Save for Retirement/IRS Announces Two New Appeals Programs/Volunteer Opportunity: Small Not-for-Profits Need Help from CPAs on 990s/Order the 2009 Master Tax Guide and Take Advantage of Special Discount

Issue 448 - December 1, 2008
IRS Announces 2009 Standard Mileage Rates/Deepening Economic Troubles for U.S., CFOs and CPA Executives Say No Turnaround Before 2009, 2010/New Law Encourages Cash Donations for Midwest Disaster Relief/U.S. Labor Department Releases Advance Copies of 2008 Form 5500/New Rules Requiring an Automated Opt-Out for Recorded Telemarketing Calls Take Effect Today

Issue 447 - November 24, 2008
In Case You Missed It: Paulson Opinion Editorial/Comment on IFRS Roadmap by February 19/Final Staff Position FAS 140-4 and FIN 46(R)-8 Expected in Mid-December/MAP Survey: CPA Firms See Continued Growth/New National PSAs Advise Spending Wisely, Saving as Young Adults Slide Deeper into Debt

Issue 446 - November 17, 2008
MacDonald Named to Business & Industry Hall of Fame /Michigan Treasury Adds to Tax FAQs/SEC Announces November 21 Roundtable on Mark-to-Market Accounting/For Individual and Business e-File, 2008 Is a Record Breaker/AICPA Warns Congress Pension Problems Caused by Credit Crunch Need to be Addressed/Vote on AICPA Technology Issues

Issue 445 - November 10, 2008
MBT Forms Now Available Online/CPA Elected to Michigan House/Granholm Says Election Results Call for Change to Fix Economy/Treasury to Invest in AIG Restructuring Under EESA/FASB Staff Position Defers Effective Date of FIN 48 for Certain Enterprises/A Worthy Cause Needs Your Tax Preparation Assistance!

Issue 444- November 3, 2008
New MBT Frequently Asked Questions Added/FASB Amends Statement 132/CPAs Can Reach Hundreds of Kids Through One-Day Blitz With JA/AICPA Offers Americans Financial Advice on Job Loss/AICPA Seeks Past Minority Scholarship Recipients

Issue 443 - October 27, 2008
Two CPAs Running for State House/Can’t Make it to the Polls? Request Absentee Ballot by Nov. 1/Board Proposes New Auditing Standards Related to the Auditor's Assessment of and Responses to Risk/IRS Holding $266 Million in Undeliverable Refunds/Treasury Hires Accounting Firms Under EESA/Ernest Almonte Becomes First Government Official to Lead AICPA/Research Reveals In-Demand Accounting Positions/Necessities Are In; Consumers Have a Laser-Like Focus on Value this Holiday Season

Issue 442 - October 20, 2008
IASB & FASB Create Advisory Group to Review Reporting Issues Related to Credit Crisis/Summary of Decisions Reached at FASB Board Meeting October 15, 2008/PCAOB Board to Consider Proposing Auditing Standards Related to the Auditor's Assessment of and Response to Risk/FIN 48 is Delayed for Second Time in Two Years/Treasury Requests Public Input on Establishment of Guaranty Program for Troubled Assets/2009 Inflation Adjustments Widen Tax Brackets and Expand Tax Benefits/Michigan to Grant Filing Extensions to Hurricane Victims/CPAs Running for State House – Show Your Support

Issue 441 - October 13, 2008
FASB Staff Position Clarifies Fair Value Measurements/FASB Issues Exposure Drafts on Going Concern and Subsequent Events/SEC Commences Work on Congressionally Mandated Study on Accounting Standards/Economic Stimulus Act of 2008: How It Impacts Small Business – Client Brochure

Issue 440- October 6, 2008
President Signs Financial Rescue Plan/EESA: Read What Others Are Saying/FASB Issues Proposed Staff Position on Fair Value/U.S. Labor Department Announces New Online Tools for Workers and Plan Administrators/Watson Wyatt Suggests Communication Tenets for Senior Executives   

Issue 439 - September 29, 2008
MACPA Wins Top State Award for Tax Conference/SEC Seeks More Transparent Disclosure for Investors/Treasury Advisory Committee on the Auditing Profession

Issue 438 - September 22, 2008
AICPA Mulls IFRS for Private Companies/Paulson & Congress to Develop Economic Rescue Plan/IRS Getting Better at Appeals Process/Revised Standards Issued for Performing and Reporting on Peer Reviews/Headhunters Impersonate AICPA Reps

Issue 437 - September 15, 2008
MI Treasury Sends 24,000 Notices of Intent to Assess/IRS Streamlines Application Process for New Tax-Exempt Organizations/Treasury, SBA Partner to Help Small Businesses Understand the Value of Health Savings Accounts/IASB and FASB Reaffirm Commitment to Common Standards; 2011 Target for Major Topic Completion/FASB Amends FSP 133 and FIN 45/AICPA Proposes Audit and Accounting Guide for Gaming Activities

Issue 436 - September 8, 2008
Government Bails Out Mortgage Giants/Hurricane Gustav Victims Qualify for IRS Disaster Relief/Employers Oppose Proposed New Pension Accounting Rules, Survey Finds/University Professors Weigh in on Building IFRS Into Curricula

Issue 435 - September 2, 2008
SEC Proposes Roadmap Toward Global Accounting Standards/GASB Proposal Would Incorporate AICPA Guidance/Survey Shows Both Employees and Employers Face Challenges in Tough Economy/SEC Approves PCAOB Ethics and Independence Rule

Issue 434 - August 25, 2008
IRS Issues Instructions for New Form 990/New MBT Frequently Asked Questions Available/CPA License Mobility: 31 States and Counting…/FASB Adds Business Combinations to Codification/SEC Announces Successor to EDGAR Database/PCAOB Announces Agenda for Smaller Public Companies Forums/Firms Offer Guidance on IFRS and Technology Systems

Issue 433 - August 18, 2008
IRS Revises Voluntary Correction Program for Retirement Plans/There is Still Time to Register for the Small Practitioners Conference/Reserve Your Spot Today for the Annual Fall Members Advisory Forum/Chief Financial Officers and CPA Executives See U.S. Economy in Recession/Deloitte White Paper Offers Guidance for IFRS Implementation/Kids Off to College? Time for the “Money-Talk” Says AICPA

Issue 432 - August 11, 2008
Two CPAs Victorious in Primary Elections for Michigan House/Win Big at the Small Practitioners Conference/Treasury, IRS Issue Ruling Preventing Certain Pension Transfers/Taxpayers with 25 or More Heavy Vehicles Must File Excise Tax Forms Electronically/Update on Recent FASB Decisions/IRS Seeks New Issues for the Industry Issue Resolution Program

Issue 431 - August 4, 2008
IRS Releasses Updated Drafts of Corporate and Partnership Tax Forms/Small Business Federal Tax Responsibilities Publication Revised/SEC Advisory Committee Makes Recommendations to Improve Financial Reporting for Investors/Board Adopts Rules for Succeeding to Registration Status of Predecessor Firm/GOA Releases Federal Information System Controls Audit Manual Exposure Draft/Treasury Releases Best Practices to Encourage Additional Form of Mortgage Finance/GASB Issues a Request for Response on Proposed Guidelines for Reporting of SEA/Granholm Announces Invest Michigan Program

Issue 430 - July 28, 2008
CPAs Visit Capitol Hill to Promote Key Legislative Issues/Treasury Says Draft MBT Forms Should Not Have Been Released/Foreclosure Activity Up 14 Percent in Second Quarter; Michigan in Top Ten/U.S. Employers Keeping Pay Raises Steady for 2009, Survey Finds/GASB Proposes Guidance for Calculating Annual Required Contributions/It's Not Too Late To Get Your Stimulus Payment/Did You Renew Your MACPA Membership?

Issue 429 - July 21, 2008
Granholm Signs New Law to Help Revitalize Downtowns/Survey: Two Out of Three Consumers Say Mortgages Harder to Obtain/IRS Extends Deadlines for Weather Disaster Victims in Six States/State Insurance Consumer Advocate Announces Launch of Office's Website/Plante & Moran: Middle Market Businesses in Midwest are Optimistic/High-Crash Intersections Targeted by Law Enforcement this Week

Issue 428 - July 14, 2008
Last Year for SBt E-File Returns/New Guidelines Aim to Reduce Fraud/MAP Survey Deadline Extended/2008 MACPA Small Practitioners Conference - Big Topics By Big Named Speakers/CPA Financial Planners: Don’t Borrow from Your Retirement Account/GAO Reports on Government Pension Funds/Taxpayer Advocate Targets Identity Theft/Scammers Use e-Mail, Fax to Pose as IRS/Granholm Signs Food Bank Tax Credit Bill/Survey Indicates Global Talent Shortage Continues in Accounting and Finance

Issue 427 - July 7, 2008
Filing Extenstions Changing for Some Business Taxpayers/GAO Audit: IRS Has Improved Internal Controls, but Much Work Remains/Tax Policy Centers Offers Analysis of the Presidential Candidates' Tax Plans/GASB Issues Statement No. 53, Accounting and Financial Reporting for Derivative Instruments/AICPA: Save Economic Stimulus Checks to Compound the Benefit/Federal Judge Approves IRS Summons for UBS Swiss Bank Account Records/Today – July 7 – Deadline to Register to Vote for August Primary/Study Shows 7.1 Percent Increase in Average Starting Salary Offer for Class of 2008

Issue 426 - June 30, 2008
Only Two Weeks Left to Participate in the 2008 National MAP Survey/2008 IFRS Taxonomy Released/Treasury Department Releases New Guidance on Health Savings Accounts/AICPA Praises Simplified New U.S. Tax Rules on Expatriation Recently Signed into Law/Michigan's Minimum Wage Increases on July 1

Issue 425 - June 23, 2008
Governor Signs Mobility Legislation/IRS e-Services Down for Scheduled Upgrade/Call for MACPA Public Service Award Nominations/SEC Proposes Comprehensive Reforms to Bring Increased Transparency to Credit Rating Process/Board Adopts Rules for Annual and Special Reporting/GASB Seeks Public Input on Fund Balance Reporting, SEA Concepts Proposals/Disaster Recovery: A Guide to Financial Issues/Participate in the 2008 National MAP Survey Before Time Runs Out/

Issue 424 -June 16, 2008
AICPA Calls for 3-5 Year Transition to IFRS/SEC Extends Auditor Attestation Compliance Date for Small Businesses/SEC Announces July 9 Roundtable on Fair Value Accounting Standards/IRS Launches Summer Push to Reach Retirees and Disabled Veterans for Economic Stimulus Payments/AICPA Forms Succession Planning Resource Center/Access Details About Business Provisions of the Economic Stimulus Act of 2008/How to Save $ at the Pump

Issue 423 - June 9, 2008
CPA License Mobility Legislation Passes Michigan Senate/FASB Issues Exposure Draft on Accounting for Hedging Activities/FASB Issues Exposure Draft on Disclosure of Certain Loss Contingencies/IRS Adds Functions to Online Payment Agreement Application/Board to Consider Adopting Rules on Reporting by Registered Firms

Issue 422 - June 2, 2008
CPA License Mobility Legislation Passes Michigan Senate/IRS e-file Up Sharply in 2008/Employer Use of Financial Incentives to Reward Healthy Behavior Expected to Surge/Millennials Seek Security in First Job/MACPA Adds 14 to CPA Ambassador Roster

Issue 421 - May 27, 2008
House Bill Prohibiting Credit Scoring in Hiring Process Exempts CPAs/New FASB Statement Clarifies Insurance Contracts/National MAP Survey - AICPA and Texas Society Seek Participants for Benchmarking Survey/Provision in Extenders Bill Would Equalize Taxpayer and Preparer Reporting Standards/Sign up for a Chance at Free Tuition/Keep Summer Fuel Costs From Burning Your Budget

Issue 420 - May 19, 2008
AICPA Council Designates IASB as a Standard Setter/AICPA Launches New Int’l Standards Website/Win a $50 Gas Card – Register for June CPE Event/Large Accounting Firms Bringing IFRS to Colleges/Small Tax-Exempt Orgs: First Filing Date Approaches for Electronic Notice/Treasury, IRS Issue 2009 Indexed Amounts for Health Savings Accounts

Issue 419 - May 12, 2008
Michigan Mobility Legislation Moves to Full Senate/Uniform Laws Governing Practice of CPAs Across State Lines Gain National Momentum/FASB Issue Its Own Hierarchy to Replace AICPA GAAP/FASB Offers Article on Fair Value/AICPA Adds Content for New CPA Exam/Accounting Degrees Reach 36-Year High/The AICPA and Texas Society of CPAs Need Your Help! Participate in the 2008 PCPS/TSCPA National MAP Survey/AICPA Whitepaper Presents a Roadmap for Modernizing Business Reporting

Issue 418 - May 5, 2008
U.S Department of Labor Focuses on Audits of Employee Benefit Plans – Are You Prepared?/Ethics: What’s SOX Got to do With It?/IRS Automates Installment Agreement User Fees/Increase Staff Retention and Business with MACPA's Customized Training Solutions/MACPA's Spring Members Advisory Forum is May 13 - Register Today Before it is too Late!/Reserve Your Management Information Show Exhibitor Booth Now!/Americans Divided on their Plans for Economic Stimulus Tax Rebate/SEC Piggybacks Refund Check with Investor Tips/AICPA Issues Revised Peer Review Standards

Issue 417 - April 28, 2008
Mobility Legislation Passes House and Awaits Senate Consideration/Mobility, Forensic Accounting, XBRL – Hot Issues at Upcoming MACPA Event/U.S. Accounting Profession Renews Mutual Recognition Agreement with Canada, Mexico/PCAOB Adopts New Ethics and Independence Rule Concerning Communications/IRS Launches Campaign to Help New Small Businesses/Retirees, Disabled Vets Still Can File for 2008 Stimulus Payments/FASB Issues Two Final Staff Positions/CPAs Volunteer at Local Elementary School for a Day - Come and be a Part of the Fun/Everyday Ethics Everlasting Consequences Author Comes to Michigan for Two Speaking Engagements/GASB Adds Projects on Retirement Benefits, Public/Private Partnerships and Reporting Units

Issue 416 - April 22, 2008
IRS Issues Draft for 2008 Form 990/IRS Will Issue Guidance on 50-Percent Depreciation Allowance/PCAOB to Consider Adopting New Ethics and Independence Rule/Michigan Dept. of Labor Encourages Businesses to use FILEOnline/Mark Your Calendar for Crain’s CFO of the Year Awards on June 26/With Rising Gas Prices, State Steps Up Fuel Inspections/Tips to Improve Your Fuel Economy

Issue 415 - April 14, 2008
Maryland Passes Mobility Legislation/Senators Stabenow and Levin Support Ban on Tax Strategy Patents/International Accounting – Call for Volunteers/House Committee Approves Taxpayer Advocate Bill/Treasury Releases Competitiveness Study on the Changing Nature and Consequences of Financial Restatements/Treasury, IRS Issue Funding Guidance for Single-Employer Defined Benefit Plans/Governor Signs Bills to Grow Economy Through “Anchor Zones”/Do Not Call Registrations Permanent

Issue 414 - April 7, 2008
GASB Exposure Draft Proposes Changes to SEA Reporting/2008 Small Business Resource Guide is Now Available/U.S. Department of Labor Launches New Web Tool to Help Employers Comply with Retirement Laws/PCAOB Addresses Emerging Audit Issues in 2008 Forums on Auditing in the Small Business Environment/IRS Seeks Nominations for Information Reporting Program Advisory Committee/Governor Signs Bills Protecting Consumers from Mortgage Fraud, Unfair Lending Practices/A Simple Act, a Lasting Legacy/New FTC Videos Help Consumers Spot Phishing Scams/New Poll Says More American Adults Delaying Major Decisions Due to Financial Concerns/Lives Depend on You - Volunteer for the 2008 Race for the Cure®

Issue 413 - March 31, 2008
Tips for Tax Filers on Economic Stimulus Payments/U.S. Retirement Assets Grew Substantially in Last 10 Years, But Face a Challenging 2008/Talent Shortage Emerges as No. 1 Employer Concern/Employment Trend: Intern First, Then Full-Time Hire

Issue 412 - March 24, 2008
CPA License Mobility Legislation Introduced in Michigan/2007 PCPS Map Top Issues Survey: Technical Complexity and Staffing Dominate/FASB Issues Statement No. 161, Disclosures about Derivative Instruments and Hedging Activities/FASB Issues Proposed FASB Staff Position (FSP) No. 132(R)-a, Employers’ Disclosures about Postretirement Benefit Plan Assets/Combat Pay Can Count Toward Economic Stimulus Payment Eligibility/Use of Free File Growing in 2008/Spring Members Advisory Forum: Register Today!

Issue 411 - March 17, 2008
Statewide Town Hall with Governor on Michigan's Economy Will Air Wednesday Night/The Fed Takes Weekend Action to Promote Economic Growth/Marketing: Lessons to be Learned from Presidential Campaigns/More Companies, Workers Adopt Consumer-Directed Health Plans/A New Best Seller? IRS Releases 2007 Data Book/Phishing Scams Top the 2008 “Dirty Dozen” Tax Scams/Links for Tax Professionals/Smart Tips for New Technologies

Issue 410 - March 10, 2008
Congressman Camp Co-Sponsors Tax-Preparer Standard Legislation/Treasury Updates Online MBT Frequently Asked Questions/IRS Automates Installment Agreement User Fees/Free File Available for Nonfilers Who Must File a Return to Receive Economic Stimulus Payment/Proposed Regulations Issued for Capitalization of Tangible Assets/IRS Guidance on LIFO Pooling for Resellers of Cars, Light-Duty Trucks/SEC Warns Public Pension Funds About Inadequate Compliance Procedures/Federal Court Upholds OFIS Rules Barring Discretionary Clauses in Insurance Policies/New Accounting Curriculum Rule Effective March 1, 2008

Issue 409 - March 3, 2008
Accounting Standards-Setters to Be Overhauled/FASB Proposes Guidance on Nonprofit Endowments/FASB Webcast on Codification Scheduled for March 13/GASB Acts to Improve the Reporting of Fund Balance Information/Board Proposes New Auditing Standard: Engagement Quality Review/Interest Rates Drop for the Second Quarter of 2008/Special Economic Stimulus Letters Reach Mailboxes in March/IRS Changes Muni Bond VCAP Program, Seeks Comments

Issue 408 - February 25, 2008
2008 Economic Stimulus Act Provides Tax Benefits to Businesses/More Information on Stimulus Payments Posted to IRS.gov/CPA Financial Executives Foresee Continuing Decline in Economy/Form 4136 Revised; Some Farmers, Fishermen Have Until March 10 to E-File/PCAOB Will Consider Proposing an Auditing Standard on Engagement Quality Review/FASB Proposes Guidance on Nonprofit Endowments/E-Postcard Simplifies Filing for Small Tax-Exempt Organizations

Issue 407 - February 18, 2008
SEC Offers a Whole New Way to Look at Financial Data/File a 2007 Return to Receive Stimulus Rebate/IRS Processing Tax Forms Affected by AMT Legislation/Mortgage Workouts, Now Tax-Free for Many Homeowners/Citizens’ Guide Provides Easy Public Access to Government’s Financial Report

Issue 406 - February 11, 2008
Bush to Sign Stimulus Package/Governor Presents Proposed Budget/Mark Your Calendar: Spring Members Advisory Forum/MACPA Member Named to Prestigious IRS Advisory Council/New Coalition Focuses on Public Sector Performance/Worthwhile Small Business Technologies

Issue 405 - February 4, 2008
PCAOB Adopts New Auditing Standard No. 6/FASB Defers Effective Date of FIN 48/IRS Offers EITC Tool Kit for Tax Professionals/Online Tax Hints Publication Takes New Approach/IRS Warns of New E-Mail and Telephone Scams/Guidance Released on Pension Funding Rules & Backloading/AICPA Submits Multiple Comment Letters/Safely Share Your Wireless Access

Issue 404 - January 28, 2008
Economic Stimulus: Tax Rebate Deal Announced/MACPA PAC Needs Your Help/Guidance Available for Husband and Wife Unincorporated Businesses/PCAOB Will Consider Adopting Auditing Standard on Evaluating Consistency of Financial Statements/Retirement Savings a Key Concern for Americans, AICPA Survey of CPA Financial Planners Shows

Issue 403 - January 21, 2008
FASB Releases codification for Verification/Treasury Continues to Update Online MBT Frequently Asked Questions/Senate Approves Use Tax Credits/AICPA Applauds Supreme Court Decision in Stoneridge Case New York/Baby Boomer Retirements Most Significant Workforce Trend in Next 10 Years/AICPA Offers Plain English Guide to Independence 

Issue 402 - January 14, 2008
Taxpayer Advocate Recommends Dozens of Changes/State’s SBT E-File and Federal E-File Open for Business/GAO Not Worried About Market Concentration for Public Company Auditors/FASB Proposes Delay of Interpretation 48 for Nonpublic Enterprises/Information Security Management Still Number One Technology Concern/New Battery Rules in Effect for Airline Passengers/Tax Season Fun Facts/MACPA Member Named to IRS Advisory Committee

Issue 401 - January 7, 2008
Dept. of Treasury Issues RABs on Final SBT and MBT/Is Your Name on This List?/New Regs Give Taxpayers More Control of Tax Return Information Held by Preparers/2007 Tax Season Resources Now Available/Feed the Pig Captures Prestigious Awards; “360 Degrees” Garners Awards, Too/Market Your Company's Products/Services to Other Fellow CPAs/Build a Usable Security Plan

Issue 400 - January 2, 2008
Filing Season Starts on Time...Except for Thoes Affected by AMT Patch/IRS Implements Enhanced Standards of Conduct for Tax Return Preparers/Updated Contacts, Links Provided by IRS Liaison//IRS Outlines New Electronic PIN Signature Requirement and New Use for IRS Form 8453/Find Michigan Tax Forms Online/Michigan Signature Requirements Don’t Change/AICPA Asks IRS to Reconsider Foreign Tax Credits/IRS, Treasury Propose Pension Regulations/SEC Issues Year-End Help For Expensing Employee Stock Options/New SEC Internet Tool Offers Instant Comparisons of Executive Pay

2007

Issue 399 - December 17, 2007
AICPA Comments to IRS on Rulings on Trust Distribution Committees/Renew Your CPA License Online Before Dec. 31 Deadline/PCAOB Issues Staff Audit Practice Alert on Fair Value/IRS Fast Track Settlement Program Expands/U.S. Government Releases FY 2007 Financial Report/FASB Launches Series of Webcasts on Global Reporting System/Changes Expand Federal Tax Credit Program for Employers

Issue 398 - December 10, 2007
Michigan Treasury Explains Tax Letters Sent Last Week/New Michigan Accountancy Rules Take Effect March 1, 2008/MAF Accepting 2008 Scholarship Applications Now/AICPA Applauds House Bill to Modify Preparer Penalty/PCAOB Proposes Guidance on Rule 4012/FASB Issues Convergence Statements, Nos. 141(R) and 160/One Set of International Standards Important for Economic Growth, According to Survey of World Accountancy Leaders/FTC Offers Tutorial for Businesses on Protecting Personal Information/Have You Ordered Your Copy of the 2008 Master Tax Guide?

Issue 397 - December 3, 2007
Service Tax Eliminated/SEC Seeks Investor Input on Proposal to Improve Mutual Fund Disclosure/2008 Standard Mileage Rate for Business Set at 50.5¢/Treasury, IRS Issue Model Provisions for Section 403(b) Plans/FASB Issues Preliminary Views on Financial Instruments with Characteristics of Equity/MBT Frequently Asked Questions Added

Issue 396 - November 26, 2007
Five Day and Counting: Can Law Makers Ditch Service Tax by Friday?/U.S. Senate Bill Would Ban Tax Strategy Patents; AICPA Supports/GASB Issues Statement on Real Estate Held as Investments by Endowments/Get Your Copy of the One-of-a-Kind Michigan Tax Conference CD and Manuals/Disaster Assistance Available to Michigan Farmers/Quick Response – Renew Your CPA License Online/Skipping the Mall for Holiday Shopping? Stay On Guard When You Are Online

Issue 395 - November 19, 2007
Estimator Added to Michigan Business Tax Site/Provide Tax Help to Low-Income Households in Metro Detroit – Volunteer Today!/SEC Drops Reconciliation Requirement/SEC Adopts Three Rules to Improve Regulation of Smaller Businesses/AICPA Urges SEC to Use International Accounting Standards/Corporate CPAs Feeling Gloomy About U.S. Economy/FASB Rejects Deferral of Statement 157 for Financial Assets and Liabilities/Employers to Face Intense Competition for New College Graduates/2008 U.S. Master Tax Guide - Preorder a Copy Today at Special Member Price!/Get Your Copy of the Michigan Tax Conference CD and Manuals

Issue 394 - November 12, 2007
Premier Tax Conference Drew Sell-Out Crowd/Non-Public Companies Get More Time to Implement FIN 48/GAO Criticizes IRS Internal Controls/Electronic Filing Breaks Records in 2007/Saver’s Tax Credit Helps Low- and Moderate-Income Workers Save for Retirement/Treasury, IRS Issue Additional Pension Protection Act Guidance/SEC Offers Staff Guidance on Written Loan Commitments/IRS and Michigan Will Share Employment Tax Examination Results/MAF Scholarship Applications Now Available Online

Issue 393 - November 5, 2007
Staffing Needs Dominate MAP Issues Survey/Renew Your CPA License Online Today/Tax Glossaries Available in Several Foreign Languages/Help for California Wildfire Victims/AICPA, U.S. Small Business Administration Form Alliance/AICPA Supports National Standard for Nonresident Income Tax/Justice Department Seeks to Shut Down Detroit Tax Preparer/Tax Help: Volunteer to Assist Low-Income Metro Detroiters

Issue 392 - October 29, 2007
Department of Treasury Posts Initial Guidance on Service Tax/New MBT Tax Information on State Treasury Web Site/State Treasury: Recalculate Fourth Quarter Estimated Filings/Comerica Index Shows Michigan Economy Trending Sideways/GOA Says 401(k) Plan Participants, Sponsors Need Better Fee Information/Randy Fletchall Elected Chairman of AICPA/AICPA: Allow Public Companies to Use International Accounting Standards/Robert Half Releases 2008 Accounting and Finance Salary Guide/Help for California Wildfire Victims/FTC Survey: 13.5% of U.S. Adults Duped by Fraud/Pre-Order Your CCH 2008 U.S. Master Tax Guide Today!

Issue 391 - October 22, 2007
Governor Announces Plan to Combat Mortgage Foreclosure Epidemic/2008 Adjustments Widen Tax Brackets, Change Pension Limitations/PCAOB Identifies Audit Deficiencies of Firms Auditing ≤100 Public Companies/Guidance Issued on Auditing Internal Control in Smaller Public Companies/Poker Tournament Winnings Must be Reported to the IRS/The Truth About Cell Phones and the Do Not Call Registry

Issue 390 - October 15, 2007
Michigan Tax Conference - Get the Fact on the New Tax on Services/Auditing Standards Board Redrafting Standards to Achieve Greater Clarity/Bring the Knowledge of Business Basics to Elementary Students/Treasury, IRS Issue Pension Protection Act Guidance/Continue Your Benefits – Renew Your Membership Today/PCAOB to Vote on Amendments Regarding Inspection Frequency for Firms that Do Not Regularly Issue Audit Reports/IRS Offers Relief for Late S Corporation Elections

 

Issue 389 - October 8, 2007
House Overwhelmingly Passes Mortgage Forgiveness Tax Bill/IRS Issues Redesigned Allowable Living Expense Standards/E-filed Corporate Tax Returns Hits Record High/GAO Releases Financial Audit Manual Exposure Draft/U.S. Treasury Names AICPA’s Barry Melancon to Auditing Advisory Panel/Does Insurance Contract Accounting Merit a FASB Project?/GASB Seeks Input on Derivatives Proposals/The ABC’s of Business – Advance, Build and Connect for Success

 

Issue 388 - October 1, 2007
Tax Hike + Reforms = Agreement; State Avoids Crippling Shutdown/New Sales Tax on Services Key to State Budget Deal/MBT Update: Legislature, Governor Approve FAS 109 Fix/New Online Employer Identification Number Application Processes Requests in Minutes/Michigan Still Accepting E-filed Late Returns, Returns on Extension/SAS 104-111 Toolkit Now Available on PCPS Firm Practice Center Site/Treasury, IRS Issue New Proposed Cafeteria Plan Regulations

Issue 387 - September 24, 2007
SEC Releases Source Code for Interactive Data Viewer for Free USe by the Market/Michigan Businesses to Benefit from Drop in Workers' Comp Rates/AICPA Urges IRS to Withdraw Proposed Open Account Debt Regulations/IRS Offers Guide for Homeowners in Foreclosure/10 Ways to Mitigate Your Security Risks

Issue 386 - September 17, 2007 
MACPA Nets Top State Award for Web Design/SEC Charges Unregistered Audit Firms and Partners/Treasury, IRS Extend Documentation Deadline for 409A Compliance/AICPA Issues Exposure Draft of A&A Guide for the Airline Industry/Tax Talk Webcast Offers Tips on Working with IRS Campus Compliance Services/Continue Your Benefits – Renew Your Membership Today/Clear Off Your Shelves - Last Week to Donate Kids Books/MACPA Task Force Submits Comment Letter on Redesigned IRS Form 990 for Tax-Exempt Organizations

Issue 385 - September 10, 2007
Proposed Technical Correction to MBT Clears First Hurdle/AICPA Applauds Movement on Tax Patent Legislation/Report Shows Workers More Confident and Inclined to Negotiate Pay/Increase in Federal Minimum Wage Will Not Reduce 45B Credit/Fed Web Site Offers Foreclosure Resources for Consumers/Five Reasons to Start a Small Business Blog

Issue 384 - September 4, 2007
Michigan Business Tax Site Is Live/PCPS Offers Help for Preparing “Comfort” Letters/Another Scam Offers Cash for IRS Survey Participation/IRS Announces Closing Agreement Program for Forward-Float Agreements Used with Municipal Bonds/Rules, Guidance Issued on Restricted Benefits in Under-Funded Pension Plans/Internet Resource Provides Homeowners with Tips on Avoiding Foreclosure

Issue 383- August 27. 2007
Fall Member Advisory Forum Hits All the Hot Topics/New MACPA Web Page Offers Extensive MBT Info/IRS Warns Taxpayers of New E-mail Scams/Corporate Use of e-File Up as Deadline Approaches/IRS Issues Pub 4557, Safeguarding Taxpayer Information/Annuities May Be Next 401(k) Frontier/SaaS Options Demand Discipline from SMBs

Issue 382 - August 20. 2007
MACPA Names "Cool" Place to Work/Two Michiganders Among Top CPA Exam Scorers/Work Opportunity Tax Credits Expanded/GAO Launches Web Site Improvements To Enhance Visibility, Impact/Treasury, IRS Issue Guidance on Transactions of Interest/303 Projects Make Up Guidance Priorities for 2007-2008/Peru Earthquake: FTC Tells Consumers Ways to Give Wisely/State Launches Highway Bridge Safety Web Site/Bursting the Mobile Productivity Bubble

Issue 381- August 13. 2007
IRS Extends Deadline for Web Site Registration/New Rule Will Not Affect Teacher Salaries in Upcoming School Year/Still Time to Comment on Form 990 Changes/Five Weeks Left to Gather Books for Local Schools/Received a Promotion or Award? We Want to Know!

Issue 380 - August 6. 2007
E-File Providers Must Register Web Sites With IRS by Aug. 9/Treasury, IRS Release Report on Improving Voluntary Compliance/Member Comments Sought on Proposed Changes to Form 990/IRS Seeks Comments on Updates to Corporate and Partnership Tax Forms/Employee Benefit Plans Can Expect Increased Transparency in the Quality of Financial Reporting Controls, AICPA Says/Treasury, IRS Issue New Proposed Cafeteria Plan Regulations/FASB Issues Invitation to Comment on Proposal for Insurance Accounting/Cast Your Vote: Feed the Pig Nominated for Podcast Award/Granholm Launches No Worker Left Behind Program; Goal to Train 100,000 for High Demand Careers/Did You Renew Your MACPA Membership?

Issue 379 - July 30. 2007
Member Comments Sought on Proposed Changes to Form 990/Register for August Sessions on the new Michigan Business Tax!/GAO Issues July 2007 Yellow Book Revisions/Treasury, IRS Finalize Section 403(b) Plan Rules/PCAOB’s New Internal Control Standard Gets Final Okay from SEC/SEC Solicits Public Comment on Role of IFRS in the U.S./FASB Issues Proposal to Clarify the “Shortcut Method” of Hedge Accounting/FASB Issues Proposed Staff Position on FAS 140-d/AICPA Survey: Financial Execs Concerned About Employee Healthcare Costs

Issue 378 - July 23, 2007
Task Force Convicts 53 CFOs in Five Years/MACPA Offers New Courses on Michigan Business Tax/New Electronic PIN Signature Requirement Begins in 2008/IRS Releases Interim Report on Tax-Exempt Hospitals and Community Benefit Project/Taxpayer Advocate Identifies Priorities for Upcoming Year/Michigan's Jobless Rate Increases in June/Google-State of Michigan Partnership Enhances Internet Search Capabilities

Issue 377 - July 16, 2007
New MBT Online Q&A Forum, Mobility Content on MACPA Web Site/New Provision Would Change Tax Preparers’ Role and Lead to Likely Increase in Fees for Taxpayers, AICPA Tells Congress/IRS to Notify Small Tax-Exempt Organizations of New Information Reporting Requirement/Electronic Excise Tax Filing Is Coming; IRS Will Accept Paper Forms 2290 in Interim/SEC Votes to Adopt Antifraud Rule Under Investment Advisers Act/GASB Issues Standard on Intangible Assets

Issue 376 - July 9, 2007
GAO/PCIE Revise Financial Audit Manual/GASB Offers Plain-Language Guidance for Derivative Accounting/Revised Innocent Spouse Form Now Available/Some States Triple Cigarette Taxes, Most Hold Firm on Gas and Sales Tax Rates

Issue 375 - July 2, 2007
MBT Bill Awaits Governor's Signature/Granholm Signs New Laws Expanding Rights of Deaf & Hard of Hearing/Texas Governor Signs CPA Mobility Bill/GASB Proposes Standards for Reporting Government Derivatives; Defines Elements of Financial Statements/AICPA Issues Statement on Standards for Valuation Services No. 1/New “Life Cycles” Help Tax-Exempt Organizations Comply with the Law/SEC Establishes Advisory Committee to Make U.S. Financial Reporting System More User Friendly for Investors/CFOs Pare Back Expectations for Capital Spending, Hiring and Prices

Issue 374 - June 25, 2007
Find Business Topics Fast Using New IRS Index/CPE Credit; One More Chance to Enter!/IRS Advises Employers, Payers, Agents to Use New Appointment Form 2678/Financial Accounting Standards Board to Form Resource Group on Valuation Guidance Issues/Fraudsters Claim Red Cross Connection in New Phishing Scam/IRS Expands Project to Ensure Eligible Public School Employees are Allowed to Participate in Retirement Annuities/Networking Solutions for SMBs 

issue 373 -June 18, 2007
MBT to Replace SBT/Another CPA Wins $100 CPE Credit; One More Chance to Enter!/SEC Distributions to WorldCom Fraud Victims Top Half-Billion Dollar Mark/Transitional Penalty Relief Provided to Tax Return Preparers/IRS Releases Discussion Draft of Redesigned Form 990 for Tax-Exempt Organizations/Deadline Extended until July 2 for Reporting on Foreign Bank and Financial Accounts/Federal Reserve Seeks Consumer Advisory Council Members/State’s Health Department Expands Prescription Drug Web Site/Fuel Prices and Housing Market Erode CPA Executives’ View of the U.S. Economy/Excitement Awaits You at the 2007 Summer Management Information Shows/How to Get Started With Web 2.0 

Issue 372 - June 11
IRS Launches Research to Improve Audit Success/Join the Fun and Excitement of the Summer Management Information Shows in Novi!/Governor Appoints CPAs to State Board of Accountancy, Tax Tribunal/Another CPA Wins $100 CPE Credit; Three More Chances to Enter!/GOA Reports on IRS Internal Controls/Celebrate 50 Years of the Mighty Mac!/Tech Solutions to Keep Customers Happy 

Issue 371 - June 4, 2007
Troy CPA Wins $100 CPE Credit; Enter New Weekly Contest Through June 30/GASB Reconciles Disclosure Requirements for Governmental Pensions and Retiree Healthcare/IRS Encourages Taxpayers to Safeguard Tax, Financial Records/New E-mail Scams Pose as IRS/FTC Says Governments Must Do More to Combat Identity Theft/Labor Dept. Offers Tips for Teen Employment 

Issue 370 -May 29, 2007
Internal Control Standard Replaced With Principals-Based Standard/SEC Approves SOX Section 404 Changes/Register Online to Win $100 CPE Credit/Michigan Credit Rating Takes Another Hit/Take AICPA Survey on Interstate Practice Privileges (Mobility)/Theodore Roosevelt Will Address Michigan Legislature on Thursday/Doing Business With Open Source 

Issue 369 - May 21, 2007
State's Budget Crisis Grows Deeper/Tax Strategy Patent Bill Introduced/Take AICPA Survey on Interstate Practice Privileges/Board to Vote on New Standard for Audits of Internal Control/Paulson Announces First Stage of Capital Markets Action Plan/2007 Tax Season Sets Records for E-file, Direct Deposit/Will Outsourcing Your IT Save Time and Money?  

Issue 368 - May 14, 2007
MACPA Speakes Out on Business Tax Replacement/Many Churches, Nonprofits Qualify for Telephone Tax Refund/AICPA Submits Senate Committee Testimony on Tax Issues/Postal Rates Increase Today/Michigan Week Starts Saturday/Storage Capacity Planning: What's Enough and What's Too Much? 

Issue 367 - May 7, 2007
IRS Draft Form 1120-F and New Schedule M-3 Available for Public Comment/Wall Street Continues to Sound Alarm Over State’s Lack of Budget, Tax Restructuring Progress/Federal Court Bars Michigan Tax Book Author from Filing False Tax Returns and Forms/FASB Releases Two Final Staff Positions/CPAS, Bankers and Attorneys Make Key Connections at Exclusive Networking Event/Top 5 Productivity Killers

Issue 366 - April 30, 2007 
Tax Simplification is Key to Reducing Tax Gap, Says AICPA/AICPA Opposes Joint Tax Committee Proposals to Expand Self-Employment Tax Base/SEC May Give Choice of IFRS or GAAP/IRS Seeks Nominations for Advisory Council/Simplified International Mailing Starts May 14, But it Will Cost More/Look Twice Before You Leap Into Vista

Issue 365 - April 23, 2007 
MAF Scholarship Winners Selected/IRS Chief Takes New Job With American Red Cross/Board Issues Second-Year Report on Implementation of Internal Control Standard/FASB Issues an Exposure Draft to Improve the Accounting for Financial Guarantee Insurance Contracts/Small Business Administration Honors AICPA’s Jim Metzler/Information Everyone Needs: 2007 Spring Members Advisory Forum/Web Tools Can Be Business Friends or Business Foes: Cost Savings and Productivity Gains Are Appealing, but Security Issues Hinder Use

Issue 364 - April 16, 2007
Peer Review Exposure Draft Forthcoming/Nonqualified Deferred Compensation Final Regulations Issued/In Wake of Charges, Jackson Hewitt to Launch Own Review/IRS Completes Taxpayer Assistance Blueprint/IRS E-File for Business Tops One Million Returns/Survey Says American Adults Still Expect to Retire With a Pension/CPAs Can Reach Hundreds of Kids Through One-Day Blitz With JA/CFO of the Year Dinner Slated for May 17 in Farmington Hills/Congratulations to Our Apple iPod Winner/Whew! Tax Day is Over - Free Coffee for CPAs on Wednesday/Keys to Creating a Small Business Web Site

Issue 363 - April 9, 2007
SEC Endorses SOX Changes to Ease Smaller Company Burdens/IRS Warns of Phony E-Mails Claiming to Come from the IRS/Government Sues Jackson Hewitt Franchises in Four States, Including Michigan/AICPA Speaks Out on IRC 987/IRS Seeks Applicants for Electronic Tax Advisory Committee/GASB Project Will Help Governments Report on Performance/New College Grads Can Find Employers on Campus/Know Your Responsibilities When Hiring Foreign Workers/Home Ownership Out of Reach for Many Adult Americans, AICPA Poll Reveals 

Issue 362 - April 2, 2007
Tax Freedom Day Arrives April 30, Two Days Later than 2006/CPA Execs Optimistic About Business Growth; Increased Spending on the Horizon/SEC Elevates District Offices to Regional Level/Board Considers Proposing New Auditing Standard and Amendments to the Interim Standards/Phone Tax Refund Applies to Cell Phones/IRS Issues Regulations on Transactions Designed to Artificially Generate Foreign Tax Credits

Issue 361 - March 26, 2007
SBT Replacement Debate Continues to Boil/Tips to Help You Get Your Story Published in Crain's/Following an Important Regulatory Issue? List Allows Easy Tracking of Exposure Drafts/Latest News from the IRS/AICPA Calls on Congress to Repeal AMT/Federal Court Bars Michigan Man From Preparing Tax Returns for Others/GASB Proposes Standards for Reporting Land and Other Real Estate Held as Investments/Feed the Pig™ Podcasts Offer Money Saving Tips for Young Americans/Planning Your Summer Road Trip? This Cool Tool Will Help

Issue 360 - March 19, 2007
Give Future Professionals Much Needed Experience/Mobility, Tax on Services on Spring Members Advisory Forum Agenda/IRS Will Address Form 990 Changes in Upcoming Phone Forms/AICPA Offers Help for Implementing SAS No. 112/Phone Card Retailers Usually Qualify for Telephone Tax Refund/Everything You’ve Always Wanted to Know … About the IRS/Survey: Young Taxpayers in the Dark on Tax-Related Benefits/

Issue 359 - March 12, 2007
Tax on Services-Tell Us What You Think/AICPA Urges Congress to Restrict Patents for Tax Strategies/FASB Private Company Group Announces Members/IRS Revises Offer in Compromise Application Form/Direct Deposit Refunds Top $100 Billion; Now They Can Be Deposited in up to Three Accounts/Deadline Approaching to Comment on GASB’s Intangible Assets Proposal

Issue 358 - March 5, 2007
MACPA Secures Extension,Phase-In for Mandatory Peer Review/Make Sure Your Voice Is Heard/News from the IRS: ATIP, Issues for Resolution, Schedule K-1 and More/State Launches New Website to Assist Displaced Workers

Issue 357 - February 26, 2007
President's Budget Includes 16 Tax Gap Legislative Proposals/10 Million Taxpayers Miss Out on Phone Tax Refunds; Almost Half Used Tax Preparers/Fraudulent Phone Tax Refunds, Abusive Roth IRAs Top the 2007 “Dirty Dozen” Scams/There’s Still Time to Submit Nominations for Crain’s CFO of the Year/Accounting Issue for Automobile Dealers To Be Addressed by Industry Issue Resolution Program/New Issue of CPA Exam Newsletter Available

Issue 356 - February 19, 2007
IRS Provides Tool for Telephone Excise Tax/State Filing Deadlines Posted to MACPA Web Site/Treasury, IRS Issue Guidance Helping Employers Transition to HSAs/FASB Standard Establishes Fair Value Option for Financial Assets and Liabilities/Webcast Explains New Attributed Tip Income Program (ATIP)/SEC Chairman Cox Announces $700 Million Fee Cut to Benefit Investors/Daylight Saving Time Happens Earlier This Year/Saving for Retirement Tops Consumer Financial Concerns, According to CPA Financial Planners

Issue 355 - February 12, 2007
Michigan Income Tax Deadline Set for April 17, 2007/IRS Announces Relief for Rank-and-File Employees with ‘Backdated’ Stock Options/IRS Moves to Prevent Telephone Tax Refund Abuse; Help Taxpayers Make Accurate Requests/Technology Survey: Information Security Management Remains Chief Concern/FASB Moves Forward on FIN 48/Requirement for Work-Time Documentation Continues for Non-Resident Detroit Taxpayers

Issue 354 - February 5, 2007
GAO Releases Anticipated 2007 Yellow/Book Revision/Gain Easy Access to IRS Contacts on New MACPA Web Site/Michigan Real Estate Brokers Group Settles Charges it Illegally Restrained Competition/Robert Half Names This Year's Hot Accounting and Finance Jobs/New Study Shows Advancement, Not Compensation, Is the Driving Factor for New CPA Recruits 

Issue 351 - January 15, 2007
IRS, Treasury Issue Guidance on New Distribution Provisions of the Pension Protection Act/AICPA Suggests Guidance on Health Insurance Deductions/IRS Plans Feb. 3 Start Date for Processing Extender Claims

Issue 350 - January 8, 2007
Granholm Signs Bill Creating New Protection from Identity Theft/Board to Continue Forums on Auditing in the Small Business Environment in 2007/People to People Announces Fall 2007 Women in Accounting Program in South Africa

Issue 349 - January 2, 2007
Gramm Leach Bliley Act Exemption for CPAs/2006 Tax Season Resources Available on MACPA Web Site/IRS Implements Extenders Legislation/Federal Identity Theft Task Force Seeks Public Comment/SEC Amends Executive Pay Disclosure to More Closely Align with FAS/Treasury, IRS Issue Final S-Corporation ESOP Regulations/New Law Makes Health Care More Affordable, Accessible/GASB Proposal Would Establish Guidance for Intangible Assets/Michigan Treasury Launches New Web Site

2006

Issue 348 - December 18, 2006
State Treasury Clarifies E-File for Deceased Taxpayers, Home Heating Credits/Congress Passes Year-End Tax Legislation/AICPA/NASBA Issue Proposal to Improve CPA Mobility/SEC Votes to Propose Interpretive Guidance for Management on SOX 404/Further Relief From the Section 404 Requirements for Smaller Companies/Recent Tax Law Changes May Affect People Giving to Charity: IRS Offers Tips for Year-End Donations/GASB Proposal Would Enhance Disclosure Requirements for Governmental Pension Plans/New Passport Regulations Go Into Effect on January 23, 2007/Help Bring Tax Dollars Back to Detroit Residents; Volunteer for the 2007 Tax Assistance Program

Issue 347 - December 11, 2006
Tip Reporting Enrollment Deadline Approaches/Get the Number One Tax Handbook at a Discount/Refund Anticipation Loans Removed on Free File/FASB Proposes Improved Disclosures for Derivatives and Hedging Activities/Survey: Teens Feel Intense Pressure To Succeed — Even If It Means Cutting Ethical Corners

Issue 346 - December 4, 2006
Governor Unveils Pro-Growth Tax Plan; $150 Million Net Tax Cut for Michigan Businesses/New Guidelines for Payroll Deduction Contributions to Charities/Treasury, IRS Issue Guidance on Section 409A and Diversification Rights/GASB Requires Governments to Come Clean on Pollution Remediation Costs/AICPA Offers Practice Guide on Accounting for Uncertain Tax Positions Under FIN 48/PCAOB Approves 2007 Budget

Issue 345 - November 27, 2006
MAF Raffle Winner for Pistons Suite Announced/Peer Review Tips: Common Mistakes You Can Avoid/Expanded Enforcement Brought in Billions, Says Everson/FASB Proposes Staff Position on FIN 46(R)/Look Before You Leap: Survey Finds Tenure in Past Jobs Important Factor in Hiring Decisions/IRS Presents Partnership Award to AICPA for Disaster Assistance Initiative

Issue 344 - November 20, 2006
Tax Talk Today Panel Discussed New Corporate E-filing Threshold, E-services/PCAOB Chicago Forum Focuses on Auditing in the Small Business Environment/GAO Says Boosted E-File Mandate Could Save $60 Million Per Year/Businesses and Tax-Exempts Can Use Formula for Telephone Tax Refund/MAP Survey Results Available/Low-Cost Insurance Benefits Available for Members-Only

Issue 343 - November 13, 2006
IRS Provides Guidance on Per Diem Expense Reimbursements Paid by Employers/2007 Inflation Adjustments Widen Tax Brackets, Expand Tax Benefits/Get the Number One Tax Handbook at a Discount/Take a Chance at Winning Pistons Suite Package/Designing Web Sites That Stand Out

Issue 342 - November 6, 2006
Detroit Pistons’ Palace Suite Raffle is Back/SEC Charges Delphi Corporation and Nine Individuals/IRS Announces 2007 Standard Mileage Rates/GASB Publishes Comprehensive Implementation Guide/Survey Sheds Light on What's Key to Attracting, Keeping Young CPAs/AICPA Announces New Membership Category for Non-CPA Accounting Faculty

Issue 341 - October 30, 2006
Jimmy Williamson Elected Chair of AICPA/Get the Number One Tax Handbook at a Special Price/Peer Review FAQ: Does a sole practitioner who performs one audit for a local charity still need a peer review?/Strong Demand, Shortage of Skilled Accountants Lead to Rise in Compensation Levels/FASB Issues Proposed Final Staff Positions/Proposed Passport Card Would Facilitate Easier Travel to Canada from Michigan

Issue 340 - October 23, 2006
AICPA Releases Second Draft of Proposed Valuation Standard/PCAOB Issues Guidance on Auditing the Fair Value of Share Options/IRS Announces Pension Plan Limitations for 2007/IRS Formalizes Appeals Arbitration Process/GASB Seeks Comment on Fund Balance Reporting Project/Increase Efficiency With Web and Video Conferencing

Issue 339 - October 16, 2006
FASB Releases Guidance for Not-For-Profits/President Signs Bill Exempting CPAs from Gramm-Leach-Bliley/Comment on Second Draft of Valuation Standard by December 15/IRS Should Axe Tax Prep Cost Estimates,Says AICPA – Again/U.S. CEO Compensation: Abuse or Reward?/The State of Small Business Desktops 

Issue 338 - October 9, 2006
CFO Economic Outlook Only Marginally Lower/Tax Technical Corrections Act Introduced/Treasury Extends Existing Transition Relief for Nonqualified Deferred Compensation/Phone Forum Will Clarify Tax Credits for Energy Efficient Homes/State’s Earned Income Tax Credit Applies to 2008 Taxes and Beyond

Issue 337 - October 2, 2006
FASB Improves Accounting for Defined Benefit Pension and Other Plans/GASB Clarifies Accounting for Sales and Pledges of Receivables and Future Revenues/New Program Helps Accounting Professionals Transition to Teaching; Scholarships Available/Michigan Educators Awarded Grants for Performance Measures Research/Active-Duty Reservists Get Relief on Retirement Plan Payments

Issue 336 - September 25, 2006
The MAF Announces The Rehmann Group 2007 Named Scholarship/Deadline Extended – One Week Left to Gather Books for Local Schools/Reminder: Michigan Tax Structure Survey Deadline Approaching/More than 12,500 Corporations E-filed 2005 Tax Returns/Granholm Signs Earned Income Tax Credit Into Law/Remote Managed Services Cut Costs For SMBs

Issue 335 - September 18, 2006
Michigan Treasury Launches Web-Based Practitioner Hotline/SEC Bulletin Addresses Misstatements/FASB Standard Provides Enhanced Guidance for Measuring Fair Value/MACPA Awards Dinner Celebrates Outstanding Individuals and Organizations/New Year Begins for Free Annual Credit Report Program

Issue 334 - September 11, 2006
Glaxo will Pay IRS $3.4 Billion in Tax Dispute/SEC Will Take Second Look at Director Nomination Rule/Clean Your Kids’ Bookshelves to Benefit Detroit Schoolchildren/Renew Your Membership Online Today. It’s Fast and Easy/Race for the Cure: Congrats to MACPA Team/Going Wireless in a Small Office

Issue 333 - September 5, 2006
IRS Creates Standard Phone Tax Refunds/CPAs Analyze the Impact of President’s Pension Protection Act/New GASB Project Will Expand Pension Plan Disclosure/Renew Your Membership Online Today. It’s Fast and Easy/Granholm and Senate Agree on EITC for Michigan Families/Michigan Treasury Seeks Input on Systems Update/Deploying VoIP the Right Way

Issue 332 - August 28, 2006
Beware of Tax Scams as Private Collection Begins/Timing Is Important to Meet New Peer Review Requirement/Michigan Treasury Seeks Input on Systems Update/MAP Survey Deadline Is Friday

Issue 331 - August 21, 2006
New MACPA Pamphlet Explains Peer Review Requirement/GASB Defines the Seven Elements of Governmental Financial Statements/Proposed Regulations Issued for Capitalization of Tangible Assets/Maintain Your Excellent Member Benefits
by Renewing Your Membership

Issue 330 - August 14, 2006
SEC Extends Section 404 Relief to Smaller Public Companies/New Research Project Designed to Better Understand Users’ Perceptions of Audit Report/Reach 1.3 Billion with Trade Mission to China/Federal Court Bars Michigan Tax-Return Preparers

Issue 329 - August 7, 2006
West Michigan Tax Restructuring Panel Slated for August 10/IRS Launching Online Payment Agreement Application/New Regs Issued on Tax Treatment of Services Under the Transfer Pricing Rules/Accounting Profession Supports New Law Prohibiting States From Taxing Nonresident Partners’ Retirement Income 

Issue 328 - July 31, 2006
Tax Practitioners Question Planned Methods to Curb Malpractice/E-file Available through October 16/IRS Announces New Tip Reporting Program/MACPA Affinity Partner Offers Affordable Insurance Plans 

Issue 327 - July 24, 2006
The New York Times Reports IRS to Cut Tax Auditors/IRS Releases Final Draft Schedules M-3 for 2006/FASB Formally Adds Project to Reconsider Lease Accounting/Eighteen Michigan CPA Ambassadors Trained

Issue 326 - July 17, 2006
IRS Headquarters: Closed for Months/FASB Increases Relevance, Comparability of Financial Reporting of Income Taxes/National Taxpayer Advocate Releases Report to Congress Identifying Priority Issues for Upcoming Year/Michigan Web Applications Make it Even Easier to Run or Start Up a Business

Issue 325 - July 10, 2006
New COSO Guidance Aids Smaller Public Companies With Internal Controls/IRS Renews E-mail Alert Following New Scams/GASB Bulletin Clarifies Reporting of Medicare Part D Payments/Survey Says CFO More Confident About Technology, Financial Reporting

Issue 324 - June 26, 2006

Issue 323 - June 19, 2006

Issue 322 - June 12, 2006

Issue 321 - June 5, 2006

Issue 320 - May 29, 2006

Issue 319 - May 22, 2006

Issue 318 - May 15, 2006

Issue 317 - May 8, 2006

Issue 316 - May 1, 2006

Issue 315 - April 24, 2006

Issue 314 - April 17, 2006

Issue 313 - April 10, 2006

Issue 312 - April 3, 2006

Issue 311 - March 27, 2006

Issue 310 - March 20, 2006

Issue 309 - March 13, 2006

Issue 308 - March 6, 2006

Issue 307 - February 27, 2006

Issue 306 - February 20, 2006

Issue 305 - February 13, 2006

Issue 304 - February 6, 2006

Issue 303 - January 30, 2006

Issue 302 - January 23, 2006

Issue 301 - January 16, 2006

Issue 300 - January 9, 2006

Issue 299 - January 4, 2006

2005  

Issue 298 - December 19, 2005

Issue 297 - December 12, 2005

Issue 296 - December 5, 2005

Issue 295 - November 28, 2005

Issue 294 - November 21, 2005

Issue 293 - November 14, 2005

Issue 292 - November 7, 2005

Issue 291 - October 31, 2005

Issue 290 - October 24, 2005

Issue 289 - October 17, 2005

Issue 288 - October 10, 2005

Issue 287 - October 3, 2005

Issue 286 - September 26, 2005

Issue 285 - September 19, 2005

Issue 284 - September 12, 2005

Issue 283 - September 6, 2005

Issue 282 - August 29, 2005

Issue 281 - August 22, 2005

Issue 280 - August 15, 2005

Issue 279 - August 8, 2005

Issue 278 - August 1, 2005

Issue 277 - July 25, 2005

Issue 276 - July 18, 2005

Issue 275 - July 11, 2005

Issue 274 - July 5, 2005

Issue 273 - June 27, 2005

Issue 272 - June 20, 2005

Issue 271 - June 13, 2005

Issue 270 - June 6, 2005

Issue 269 - May 31, 2005

Issue 268 - May 23, 2005

Issue 267 - May 16, 2005

Issue 266 - May 9, 2005

Issue 265 - May 2, 2005

Issue 264 - April 25, 2005

Issue 263 - April 18, 2005

Issue 262 - April 11, 2005

Issue 261 - April 4, 2005

Issue 260 - March 28, 2005

Issue 259 - March 21, 2005

Issue 258 - March 14, 2005

Issue 257 - March 7, 2005

Issue 256 - February 28, 2005

Issue 255 - February 21, 2005

Issue 254 - February 14, 2005

Issue 253 - February 7, 2005

Issue 252 - January 31, 2005

Issue 251 - January 24, 2005

Issue 250 - January 17, 2005

Issue 249 - January 10, 2005

Issue 248 - January 3, 2005

2004 

Issue 247 - December 27, 2004

Issue 246 - December 20, 2004

Issue 245 - December 13, 2004

Issue 244 - December 6, 2004

Issue 243 - November 29, 2004

Issue 242 - November 22, 2004

Issue 241 - November 15, 2004

Issue 240 - November 8. 2004

Issue 239 - November 1, 2004

Issue 238 - October 25. 2004

Issue 237 - October 18, 2004

Issue 236 - October 11, 2004

Issue 235 - October 4, 2004

Issue 234 - September 27, 2004

Issue 233 - September 20, 2004

Issue 232 - September 13, 2004

Issue 231 - September 7, 2004

Issue 230 - August 30, 2004

Issue 229 - August 23, 2004

Issue 228 - August 16, 2004

Issue 227 - August 9, 2004

Issue 226 - August 2, 2004

Issue 225 - July 26, 2004

Issue 224 - July 19, 2004

Issue 223 - July 12, 2004

Issue 222 - July 6, 2004

Issue 221 - June 28, 2004

Issue 220 - June 21, 2004

Issue 219 - June 14, 2004

Issue 218 - June 7, 2004

Issue 217 - June 1, 2004

Issue 216 - May 24, 2004

Issue 215 - May 17, 2004

Issue 214 - May 10, 2004

Issue 213 - May 3, 2003

Issue 212 - April 26, 2004

Issue 211 - April 19, 2004

Issue 210 - April 12, 2004

Issue 209 - April 5, 2004

5480 Corporate Dr., Suite 200
Troy, MI 48098-2642

248.267.3700
macpa@michcpa.org

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