MACPA E-News MACPA E-News
Headlines and Updates for MACPA Members  
July 21, 2008 Issue 429  
 
Gov. Jennifer Granholm signed legislation last week that creates new tools and enhances existing ones to assist in efforts to reinvent and reinvigorate downtowns across Michigan. The new laws amend existing statutes to:
  • allow local downtown development authorities (DDA) to operate retail business incubators;
  • allow DDAs to offer loan programs for improvements to existing buildings located in downtown districts;
  • reactivate the Commercial Redevelopment Act to allow new tax abatements for new or replacement facilities in redevelopment districts in cities or villages;
  • increase the potential number of applications of the Neighborhood Enterprise Zone Act, an existing law designed to reinvigorate neighborhoods in distressed communities;
  • require the Natural Resources Trust Fund board to give additional consideration to trails that intersect downtowns when determining funding priorities, and expand local governments' ability to exempt personal property to distressed parcels to encourage redevelopment of rundown parcels in 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
PAAdvisory - July 18, 2008: A weekly newsletter provided by PAA Associates, Inc., the MACPA’s lobbyist partner in Lansing.
 

 
Latest CPE Events on MBT
 
CPE Opportunities for Professionals in Business/Industry
 
Two- and Four-Hour Programs
 
Certified Financial Planner (CFP) Programs
 
Roll Up Your Sleeves as You Become More Proficient at Monitoring…The Last Thing On Your To Do List
 
Do Not Miss BIG Exhibitors, Speakers and Topics at the 2008 Small Practitioners Conference
 
Review Practical Examples of How to Apply Changes to SSARS to a Practice
 
Do You Have Advanced Tax Questions? Our Experts Have the Answers
 
Learn to Maximize Efficiency and Financial Stability of Your Organization, as Well as Your Clients
 
Attend this Course and Make the Transition From Auditor to Peer Reviewer Successfully


 

MACPA Members: Remember to customize your MACPA website 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 website, you will receive an individualized homepage each time you logon to the MACPA website, http://www.michcpa.org. For More Resources:
Logon to http://www.michcpa.org
 

 

Survey: Two Out of Three Consumers Say Mortgages Harder to Obtain
The credit crunch is impacting not only consumers’ ability to get credit, and how they use it, but also – for some – their mindset towards financial institutions, according to a nationwide survey conducted by Deloitte’s financial services industry group. According to those who have attempted to secure several types of credit and mortgage products over the past year, a majority found it to be more difficult. Deloitte’s survey revealed that of those who applied for a home mortgage, 67 percent found it more difficult; for a home equity line of credit (HELOC), that number was 65 percent. More than three-quarters (76 percent) of those who applied for small business financing found it more difficult, compared with one year ago. Despite the negative headlines that financial institutions have been receiving, the survey found that two out of three consumers (67 percent) held the same perception of their primary financial institution as they did before the crunch. The survey also asked questions related to credit cards, the housing market and how presidential candidates are addressing economic issues. Read more.
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IRS Extends Deadlines for Weather Disaster Victims in Six States
The IRS postponed until Aug. 29 the time to file certain tax returns, to make certain tax payments and to perform time-sensitive acts for storm, flood, and tornado victims in presidential disaster areas in six states, mostly in the Midwest. Previously, these deadlines varied by state, and the postponement provides people affected by the disasters with additional time. Neighboring states of Indiana, Illinois and Wisconsin are included. Read more.
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State Insurance Consumer Advocate Announces Launch of Office's Website
Michigan's Automobile and Home Insurance Consumer Advocate Melvin Butch Hollowell launched a new website, www.michigan.gov/lowerratesnow, designed exclusively to provide consumers with valuable information on automobile and home insurance rates. Hollowell also announced the office's major objectives including a plan to revisit how insurance affordability is defined in Michigan, and a No Fine Print Initiative, which seeks to reform the way insurance policies are written so consumers can clearly understand what is covered and what is excluded. The website serves as an informational resource and engagement tool for consumers. An "e-Feedback" section allows citizens to comment on issues like credit scoring, and an "ABCs of No Fault" section explains the basics of No Fault insurance in understandable terms. In announcing his initiative, Hollowell said a recent national safety study by the Allstate Insurance Company ranked Michigan's drivers as some of the safest in the United States.
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Plante & Moran: Middle Market Businesses in Midwest are Optimistic
Despite a down economy, more than two-thirds of middle-market business leaders are optimistic about the continued growth of their businesses, according to a new research study by Plante & Moran, PLLC. The multi-industry research study explores the perceptions of business executives and company owners in a variety of industries – including construction, financial institutions, healthcare, manufacturing and distribution, public sector, real estate and service industries – surrounding current and future economic conditions in the Midwest (specifically Michigan, Ohio and Illinois). The study also measures the attitudes of these stakeholders relative to opportunities for business growth within their respective geographic region.
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High-Crash Intersections Targeted by Law Enforcement this Week
Motorists be forewarned: run the red and you may be paying the price. Law enforcement agencies in 19 counties are patrolling high-crash intersections in their communities during Intersection Enforcement Week, July 20-26. Agencies are conducting dedicated patrols at high-crash intersections with traffic signals in an effort to reduce crashes, injuries and deaths. Agencies analyzed local crash data to determine the high-crash intersections and the best time of day to set up enforcement patrols. In many areas, a spotter will alert other officers when a motorist runs a red light or commits another traffic violation in the intersection. Red-light runners face up to $120 in fines and three points on their driver licenses. A list of planned times, dates and locations of intersection patrols is posted online.
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Roll Up Your Sleeves as You Become More Proficient at Monitoring…The Last Thing On Your To Do List
  What: Monitoring: A Practical Approach
When & Where:
August 19, 2008 - Grand Rapids
Recommended CPE Credit: 8 Accounting & Auditing Hours
 
Do Not Miss BIG Exhibitors, Speakers and Topics at the 2008 Small Practitioners Conference
  What: 31st Annual Small Practitioners Conference
When & Where:
August 21-22, 2008 - Grand Rapids
Recommended CPE Credit: 18 Hours (or more with add-on Wednesday programs)

Add on Wednesday Programs

What: Peer Review: Great...Where Do I Start?
When & Where:
August 20, 2008 - Grand Rapids
Recommended CPE Credit: 8 Accounting & Auditing Hours

What: Small Firm Advantage (4-hour workshop)
When & Where:
August 20, 2008 - Grand Rapids
Recommended CPE Credit: 4 Hours

 
Review Practical Examples of How to Apply Changes to SSARS to a Practice
  What: Advanced Compilation and Review Update & Issues
When & Where:
August 21, 2008 - Kalamazoo
Recommended CPE Credit: 8 Accounting & Auditing Hours
 
Do You Have Advanced Tax Questions? Our Experts Have the Answers
  What: Advanced Tax Forum
When & Where:
September 16, 2008 - Livonia
Recommended CPE Credit: 8 Hours
 
Learn to Maximize Efficiency and Financial Stability of Your Organization, as Well as Your Clients
  What: Controllership Conference 
When & Where:
September 16, 2008 - Livonia
Recommended CPE Credit: 8 Hours (includes Accounting & Auditing and Ethics)

What: Early-Bird Ethics
When & Where: September 16, 2008 - Livonia
Recommended CPE Credit: 1 Ethics Hour

 
Attend this Course and Make the Transition From Auditor to Peer Reviewer Successfully
  What: How to Conduct a Review Under the AICPA Practice-Monitoring Program  
When & Where: November 11-12, 2008 - Livonia
Recommended CPE Credit: 16 Accounting & Auditing Hours
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