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Want to Win an Apple
iPod? Update Your MACPA Member Profile Today!
Student members who visit the new MACPA
web site and update
their profile through March 30th will get a chance to win an 80 GB iPod. It
can store up to 20,000 songs, 25,000 photos and 100 hours of video. Members
who have already updated their profile after the January 29th launch of the
new site are automatically entered in the drawing. Those accessing the new
site for the first time will need their member number (shown above).
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Michigan Income Tax
Deadline Set for April 17, 2007
Michigan's
individual income tax filing deadline for tax year 2006 will be Tuesday,
April 17, 2007, in line with the federal deadline. The IRS moved the federal
income tax filing deadline from Monday, April 16, 2007 to Tuesday, April 17,
2007 due to an Internal Revenue Code provision that recognizes federally the
Emancipation Day holiday observed by the District of Columbia on April 16,
2007. Michigan Income Tax forms and instructions were printed with a
deadline of April 16, 2007, because the normal filing-date, April 15, falls
on a Sunday this year. Tax preparers are encouraged to visit Treasury's new
"taxes" site, located at
www.michigan.gov/taxes.
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Join MACPA in the 2007
Race for the Cure®
Although the actual race is not until Saturday, June 16th, 2007 at Comerica
Park, MACPA provides opportunities for members to become involved early with
fun projects such as “Pinking the Town”. MACPA plans to line Woodward with
large pink ribbons created in honor of those affected by breast cancer. If
you would like to participate in the creation of the ribbons or to submit a
name of a loved one, please visit the
Race for
the Cure® page on the MACPA
web site
for more information. Contact Nicole Shepard, member services manager, at
248.267.3705 or via e-mail at
nshepard@michcpa.org.
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Advice from a Professional
Jeffery Hill, CPA
Chief Financial Officer at Mayor’s Time
Bachelor of Business Administration, Major in Accounting from University of
Michigan,
Master’s in Corporate Finance from Walsh College
20+ years in the profession
“Working in the accounting profession automatically puts you in a same
subset of people that understand how to account for numbers in a methodical
way,” Hill said. “As a minority, I am in an even smaller subset of
professionals that understand and appreciate accounting principles and their
application to daily life. Finally, as a CPA, your opinion and business
council is sought out and even demanded, time and time again.”
Hill on the CPA Exam & Licensure
Hill suggests students take a CPA review course to prepare for the exam.
Continue to take the exam “until all the parts of the CPA exam are passed,
don’t let up.”
Hill also highly recommends that students obtain their CPA licensure.
“It is still instant credibility with the general public,” he said. “Having
a CPA license gives you confidence in job hunting and career moves
throughout your life, and it is a great profession to be associated with.”
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IRS Moves to Prevent Telephone Tax Refund Abuse; Help
Taxpayers Make
Accurate Requests
The IRS is taking additional steps to prevent abuse and help taxpayers make
accurate requests for the one-time
telephone excise tax refund. IRS Criminal Investigation special agents
and IRS revenue agents are conducting special site visits with tax preparers
across the nation to prevent inflated requests made for the one-time
telephone tax refund. The IRS also issued a new reminder for taxpayers who
are not filing for the refund even though they may qualify. In early returns
filed this year, more than one-third of filers did not request the telephone
tax refund. Other taxpayers are making mistakes when requesting the refund.
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Daylight Saving Time Happens Earlier This Year
In 2007, the date on which we begin to observe Daylight Saving Time (DST)
changes to the second Sunday in March. All states
except Arizona and Hawaii will begin observing Daylight Saving Time at 2:00
a.m. (local time) on March 11th. In 2007, DST ends at 2:00 a.m. (local time)
on November 4, 2007. Previously, DST began on the first Sunday in April, and
ended on the last Sunday in October. The new rules for DST mean an extra
four weeks of DST each year. For more information about 2007 Daylight Saving
Time changes in the United States, see this
web site.
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State Budget Talk Draws Attention to Potential Tax on
Service
In February, Michigan Governor Jennifer Granholm proposed a two-percent tax
on services in Michigan, hoping for a June 1, 2007 implementation. Limited
information and detail is currently available on the Governor’s proposal;
however, the MACPA Legislative Advisory Group, State & Local Tax Task Force,
Political Action Committee and other Association leaders are busy preparing.
“In addition to analyzing the details of this proposal, we are obtaining
resources from other states where similar initiatives have been faced. We
cannot form a formal opinion based upon the talking points and limited
information released; however, an official position and strategy to
implement this position is forthcoming,” explained Legislative Advisory
Group Chair Stephen H. Epstein, CPA. Information currently available on the
Governor’s budget presentation and tax restructuring plan can be viewed at
this link –
www.michigan.gov/budget. For questions, contact the MACPA Government
Relations Department at 248-267-3700 or
legislation@michcpa.org.
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Ten Interview Fashion Blunders: What Not to
Wear to the Interview
The
saying goes that you never get a second chance to make a first impression.
This is definitely the case for job interviews. An
article from Monster.com provides tips of what clothing and accessories
to avoid when preparing for the important interview.
- Wild Nail Polish
- Jewelry that Jangles
- Open-Toed or Backless Shoes
- Bare Legs
- Out-of-Date Suits
- Short Skirts
- Leather Jackets for Men or Women
- Turtlenecks for Men
- Printed or Trendy Handbags
- Red Briefcases
For more tips like these and other information regarding resumes,
internships, and the job search, visit
www.monster.com.
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