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MACPA PAC Needs Your Help
By now, you should have received a letter from
the MACPA’s Political Action Committee (PAC) Board Chair John P. Pridnia,
CPA, of Pridnia LaPres, Grand Rapids, and MACPA President and CEO Peggy A.
Dzierzawski, CAE, asking you to consider a 2008 contribution to the MACPA
PAC. With an important election season on the horizon and a key legislative
initiative (license mobility) in the works, it is imperative that the
profession’s interests are well represented in Lansing, and your PAC dollars
help to maintain and develop the necessary working relationships with key
members of the Legislature. The MACPA needs your help. Please consider
making a contribution today using the form and return envelope you received
or by visiting the
MACPA PAC web resource.
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Guidance Available for
Husband and Wife Unincorporated Businesses
An unincorporated business jointly owned by a
married couple is generally classified as a partnership for Federal tax
purposes. For tax years beginning after December 31, 2006, the Small
Business and Work Opportunity Tax Act of 2007 provides that a “qualified
joint venture,” whose only members are a husband and a wife filing a joint
return, can elect not to be treated as a partnership for Federal tax
purposes. Read more on how spouses can make this option on the IRS
web site.
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PCAOB Will Consider
Adopting Auditing Standard on Evaluating Consistency of Financial Statements
The Public Company Accounting Oversight Board
(PCAOB)
will meet January 29, to consider adopting an auditing standard,
Evaluating Consistency of Financial Statements, and related amendments
to the Board’s interim standards regarding the auditor’s responsibilities to
evaluate and report on matters relating to the consistency of the financial
statements. The Board also will consider adopting amendments to its interim
standards related to the hierarchy of generally accepted accounting
principles. The meeting will be Webcast via a link on the PCAOB’s web site (www.pcaobus.org).
The meeting also will be available via podcast later in the day.
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Retirement Savings a
Key Concern for Americans, AICPA Survey of CPA Financial Planners Shows
Having enough money to retire and pay for
major life needs – healthcare and education – are
top concerns of Americans facing financial pressures, according to CPA
financial planners surveyed by the AICPA. In responding to an open-ended
question, nine out of 10 CPAs surveyed said their individual clients were
concerned about retirement. Nearly a third of the respondents (32 percent)
reported that clients who are approaching retirement age are postponing
leaving the workforce for financial reasons. As many as one-third of CPAs
with clients between the ages of 25-34 are seeing individuals foregoing
buying a home, having children and even saving for retirement.
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Find the Right Messaging
Solution for Work
Instant messaging (IM) is now considered a full-featured business
application. Companies have come to rely on IM to keep workers in contact
and on task. A policy for acceptable use of chat applications should include
guidelines on who will be allowed to use the technology and what is
appropriate to discuss over IM. The safety of company communications needs
to be emphasized, including whether IM discussions will be using encryption,
secure log-ons, or other features.
To read this
article in its entirety and much more about developments in technology,
access
Technology and Productivity Weekly.
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