MACPA E-News MACPA E-News
Headlines and Updates for MACPA Members  
January 7, 2008 Issue 401  
 
The Michigan Department of Treasury has issued two final Revenue Administrative Bulletins (RABs), regarding the final Single Business Tax (SBT) return and the new Michigan Business Tax (MBT). RAB 2007-5 provides the Department’s position on how the final SBT return is calculated for a fiscal year taxpayer, as well as extends the deadline for taxpayers whose fiscal year extends beyond April 30, 2008, the deadline for filing and payment of final SBT liability for all taxpayers. RAB 2007-6 provides the Department’s definition of “actively solicits” as referred to in the new MBT. Members of the MACPA State and Local Tax Task Force participated in finalizing these RABs, submitting comment letters on each. Members with questions are encouraged to contact MACPA.
 
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
PAAdvisory - January 4, 2008: A weekly newsletter provided by PAA Associates, Inc., the MACPA’s lobbyist partner in Lansing.

 
 
Get the Latest information on the Michigan Business Tax
 
Learn the Six-Step Process to Accurately Complete Form 1120S
 
Gain Thorough Understanding of Federal Income Tax Laws for LLCs and Partnerships
 
How Familiar are You With the Recent Changes in the Internal Revenue Code and Ethical Requirements?
 
John Daly Shows You How to Prepare Quality Financial Statements Faster, Better and Cheaper
 
Webinars - Live, Online Learning
 
Self-Study Partners & Online Programs Including Ethics

MACPA Members: Remember to customize your MACPA web site homepage to obtain articles, upcoming CPE events and news specifically related to your specialty areas. Once you have updated your information in the Member Profile Section of the MACPA web site, you will receive an individualized homepage each time you logon to the MACPA web site, http://www.michcpa.org. For More Resources:
Logon to http://www.michcpa.org
 


Is Your Name on This List?
MACPA Thanks 2007 PAC and PEF Contributors
Many thanks to all 1,693 MACPA Political Action Committee (PAC) and Political Education Fund (PEF) contributors in 2007. Your generosity and leadership helped the Association reach new records for 2007! Without your help, Michigan could have been a much different place going into 2008. Successful advocacy on behalf of the profession to encourage the elimination of the service tax and alter a version of the new Michigan Business Tax that would have included unfair treatment of partnerships, LLCs and the like may not have been possible without your help. All 2007 MACPA PAC and PEF contributors are recognized here. If your name does not appear on this year’s list, please consider a contribution in 2008. We still need your support!

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New Regs Give Taxpayers More Control of Tax Return Information Held by Preparers
The Treasury Department and the IRS released final regulations and a related revenue procedure giving taxpayers greater protection and control over their tax return information held by tax return preparers. The agencies also issued a separate request for public comment on a proposal to restrict the marketing of refund anticipation loans and similar products. The final rules update disclosure and privacy laws related to preparers for the first time in more than 30 years and bring taxpayer consent requirements into the electronic age. Preparers will have until Jan. 1, 2009 to implement the new consent requirements, giving preparers a full year to make any necessary changes.
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2007 Tax Season Resources Now Available
The AICPA has made available free member resources including a brochure, speech and PowerPoint presentation on tax saving tips and strategies to use with your clients. Find the 2007 Tax Season resources by clicking on either the Brochures or Speeches/PowerPoint Presentations links on the CPA Marketing Toolkit page.
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Feed the Pig Captures Prestigious Awards; “360 Degrees” Garners Awards, Too
The AICPA received 15 MarCom Awards and nine Hermes Creative Awards from the Association of Marketing & Communication Professionals. More than half the awards were for the Institute’s Feed the Pig (www.feedthepig.org) campaign, a national partnership with the Ad Council. This public-service program is designed to help Americans ages 25 to 34 prepare for long-term financial security. The AICPA’s 360 Degrees of Financial Literacy program won a gold award for its web site, www.360financialliteracy.org.
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Market Your Company's Products/Services to Other Fellow CPAs
Market with the MACPA and connect with your target audience! The Marketing & Exhibitor Prospectus is here for 2008 to show you the numerous ways you can communicate your company’s message with CPAs throughout Michigan. The following are just a couple opportunities available: Summer Management Information Show in Novi (June 25-26) with an average attendance of 1,800 people and the Spring Management Information Show in Grand Rapids (June 5) with an average attendance of 225. For more information, please contact Chrissy Young at cyoung@michcpa.org or 248.267.3741.
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Build a Usable Security Plan  
The best defense against corporate network intrusions is a Security Incident Management Plan (SIMP). An effective SIMP will offer several advantages to the security team, including coordination of their measures during the most important moments. Implementing a documented guideline guarantees the correct steps are followed. To read this article in its entirety and learn much more about developments in technology, access Technology and Productivity Weekly, the MACPA's electronic technology newsletter for industry professionals, sponsored by Information, Inc.

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CPE By City

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Learn the Six-Step Process to Accurately Complete Form 1120S

  What: Surgent McCoy's Guide to Understanding the Key Issues & Preparing S Corporation Tax Returns
When & Where: January 15, 2008 - Troy
Recommended CPE Credit: 8 General Hours
 

Gain Thorough Understanding of Federal Income Tax Laws for LLCs and Partnerships

  What: Surgent McCoy's Limited Liability Company & Partnership Tax Return Preparation Workshop
When & Where: January 16, 2008 - Troy
Recommended CPE Credit: 8 General Hours
 

How Familiar are You With the Recent Changes in the Internal Revenue Code and Ethical Requirements?

  What: Webinar: Tax Practice in Light of the New Tax Preparer Penalties and Ethical Standards: Navigating the Minefield! 
When & Where:
January 31, 2008 - Online
Recommended CPE Credit: 3 General Hours
 

John Daly Shows You How to Prepare Quality Financial Statements Faster, Better and Cheaper

  What: Members in Industry Accounting & Auditing Update
When & Where: February 21, 2008 - Troy
Recommended CPE Credit: 8 Hours (Includes Accounting & Auditing and Ethics)
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