MACPA E-News MACPA E-News
Headlines and Updates for MACPA Members  
August 27, 2007 Issue 383  
 
Helping to keep members abreast of critical national and local issues impacting the dynamic accounting environment, MACPA’s Fall Members Advisory Forum presentations will cover the Michigan Business Tax and MACPA developments, as well as CPA license mobility and other national issues. Incoming AICPA Chair Randy Fletchall will keynote the program, slated for Tuesday, September 25, 2007 at the Rock Financial Showplace, Novi.
 
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
PAAdvisory - August 24, 2007: A weekly newsletter provided by PAA Associates, Inc., the MACPA’s lobbyist partner in Lansing.
 

From FASB to Fraud Detection - Everything You Need to Know About Accounting
 
Learn About the New Pronouncements Released by the Professional Boards
 
Get to Know the Tricks and Traps for Tax Planning for Retirement
 
Understand How to Prevent Mistakes When it Comes to Estate Planning
 
Find Out About the Latest Legislative Activities Impacting Nonprofit Organizations
 

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New MACPA Web Page Offers Extensive MBT Info
With the launch of a new web page today, MACPA members gain access to extensive information and resources on the Michigan Business Tax. Links to the original statute, House Fiscal Agency analysis, legislative updates, an archive of articles about the MBT, and links to MBT educational programs are easily accessed on the MBT Resources web page. Plus, members may post questions to the MBT Q&A Forum and read all the posts from other members. Volunteer members of the MACPA, well-versed in the details of the Michigan Business Tax (MBT), answer your questions to their best ability using available information. This resource will be updated regularly, providing the most recent developments regarding implementation.
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IRS Warns Taxpayers of New E-mail Scams
Last Friday, Aug. 24, the IRS warned taxpayers of a new phishing scam, in which an e-mail purporting to come from the IRS advises taxpayers they can receive $80 by filling out an online customer satisfaction survey. The IRS urges taxpayers to ignore this solicitation and not provide any requested information. The IRS does not initiate contact with taxpayers through e-mail.
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Corporate Use of e-File Up as Deadline Approaches
Although small corporations, those with assets less than $10 million, are not required to e-file, almost 625,000 have done so this year so far, compared to about 400,000 at this time last year. As the Sept. 17 deadline approaches for calendar year filers of corporate returns who filed for extensions, the IRS urges certain corporate filers to be aware of their obligation to file electronically. This is the first year that certain “mid-size” corporations, those with assets between $10 million and $50 million, are required to electronically file their Forms 1120 or 1120S.
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IRS Issues Pub 4557, Safeguarding Taxpayer Information
Putting data security safeguards in place helps prevent fraud and identity theft, and enhances customer confidence and trust. Pub 4557 helps non-governmental businesses, organizations and individuals that handle taxpayer data understand and meet their responsibility to safeguard taxpayer information.
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Annuities May Be Next 401(k) Frontier
Faced with the possibility that a growing number of employees will outlive their income in retirement, companies will likely consider offering annuities as a new investment option in their 401(k) plans, say experts at Watson Wyatt Worldwide.
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SaaS Options Demand Discipline from SMBs
Small businesses have an array of options from which to choose when it comes to Software as a Service (SaaS) applications. To ensure they make wise investments, Beagle Research Group LLP founder and managing principal Denis Pombriant encourages them to first figure out which business processes should be automated--a process that lowers costs and facilitates deployment. To read this article in its entirety and much more about developments in technology, access Technology and Productivity Weeklyy, the MACPA's electronic technology newsletter for industry professionals, sponsored by Information, Inc.
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CPE By City

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Register for Upcoming CPE Opportunities:
 

 

From FASB to Fraud Detection - Everything You Need to Know About Accounting

  What: Fall Accounting Conference 1
When & Where: September 18, 2007 - Lansing
Recommended CPE Credit: 8 Hours (Includes Accounting & Auditing and Ethics)

What: Fall Accounting Conference 2
When & Where: October 17, 2007 - Troy
Recommended CPE Credit: 8 Hours (Includes Accounting & Auditing and Ethics)

 

Learn About the New Pronouncements Released by the Professional Boards

  What: Accounting & Auditing Update with Bob Henkels
When & Where: September 18, 2007 - Plymouth
Recommended CPE Credit: 8 Accounting & Auditing Hours
 

Get to Know the Tricks and Traps of Tax Planning for Retirement

  What: Within the Red Zone of Your Retirement: Tax Planning Strategies for Getting to the Goal Line Without Fumbling
When & Where:  September 18, 2007 - Plymouth
Recommended CPE Credit: 8 General Hours
   

Understand How to Prevent Mistakes When it Comes to Estate Planning

  What: The Top 50 Tax Bloopers & Blunders & How to Fix Them: Estate Planning & Administration
When & Where: September 18, 2007 - Troy
Recommended CPE Credit: 8 General Hours
   

Find Out About the Latest Legislative Activities Impacting Nonprofit Organizations

  What: Nonprofit Conference
When & Where: October 2, 2007 - Lansing
Recommended CPE Credit: 8 Hours (Includes Accounting & Auditing and Ethics)
 
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