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Enhance Your Resume – Volunteer With the MACPA
Worried about writing your first resume? Not sure if you have enough work
experience? Don’t worry - employers are interested in your skills, not if
you were paid to do them. Turn to the MACPA for great resume building
volunteer opportunities. Teach youngsters business basics by volunteering
for the MACPA Accounting Blitz, in partnership with Junior Achievement.
Travel to local schools and spread your knowledge of accounting while honing
your speaking skills. To learn more about the accounting blitz, or to
volunteer, visit the
MACPA
web site.
The Accounting Aid Society Tax Assistance Program is another great
opportunity to put your accounting knowledge to use by helping to prepare
tax returns for low income individuals in the Metro Detroit area. The MACPA
is partnering with the Accounting Aid Society for three Saturdays in
February at Focus: HOPE in Detroit. Training will be provided for all
volunteers by the MACPA and Accounting Aid Society. If you are interested
please visit the
MACPA web site.
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MACPA New
Professionals Networking Mixers – Where Planning for Your Future Equals Fun
Do you want to develop new relationships with accounting students just like
you? Or meet potential future employers and clients? Then look no further.
The MACPA’s New Professionals Networking Mixers are the perfect resource for
the accounting student planning for their future. On October 18,
bowl, eat and mingle with accounting students and new professionals at
Troy Lanes. The cost is only $13 per person. Or, attend the MACPA’s New
Professionals Networking Mixer &
Wine Tasting Event on November 15, for good company and wine. You must
be 21 years or older to attend the wine tasting event. The cost is $40 per
person. For more information, or to register for either event, please
contact Nicole Shepard at 248.267.3700 or
nshepard@michcpa.org.
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Tax Hike + Reforms =
Agreement; State Avoids Crippling Shutdown
Michigan’s budget crisis was averted in the wee hours today, as legislators
and the Governor agreed on a combination of tax increases and reforms to
stave off a government shutdown. At about 4:20 a.m. Monday morning, State
Senators, State Representatives, and Gov. Jennifer Granholm completed work
on an array of government reforms and tax measures. The tax increases
consist of an income tax hike and a new tax on services (see subsequent
article). For more on the reforms and tax increases, read a
detailed
overview on the MACPA web site.
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New Sales Tax on
Services Key to State Budget Deal
Initial interpretation of a new tax on services, passed by the State
Legislature in the early morning hours on Monday, October 1, indicates that
CPA services such as tax preparation, accounting and auditing will not
be subject to the new service tax. However, consulting services and
investment advice services are subject to the new tax, both of which may
directly impact the CPA profession. Effective December 1, 2007, the new
service tax will generate an estimated $613.8 million in the portion of
fiscal year (FY) 2008 it will be collected in. Anticipated revenue balloons
to $751 million for the full FY 2009 – clearly a significant portion of the
revenue enhancements contained in the late-night deal. Coupled with an
income tax hike and government reforms, the service tax was part of a
three-fold deal to avert a government shutdown. This
article
provides details on the new tax measure, including a list of taxable
services.
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Advice From a
Professional
Judith R. Trepeck, CPA
The Trepeck Group, LLC, Business
Consulting - President
University of Michigan
B.B.A - April 1971
Business School
Major – Accounting
Trepeck on Why
She Went into Accounting
She became interested in accounting after being introduced to it in math
class. Most women were going into teaching when she was in college.
But, Trepeck knew that was not the right path for her, and being interested
in math and solving problems led her to an accounting major and business
school.
Trepeck on Making a Difference as A CPA
She likes to think that she has made a difference for her clients during her 36
years as a CPA. Helping them accomplish what they wanted for themselves was
ALWAYS her goal. Additionally, making a difference for the community through
programs and volunteer projects has always been a high priority. She carved
out hours from her practice and positions for the past 36 years in order to
help communities and profession. Through innovative programs and their implementation, she
has served on MACPA and AICPA committees in order to make a difference for
colleagues and the people they work with and serve.
Trepeck on What You Need to Know In
Order to Be Successful in the Future
She said that students and CPA candidates need a broad outlook and
education. Accounting is no longer about adding correctly and making sure
numbers agree. It is about integrating business and financial knowledge with
the economy, in the world!
Trepeck's Advice for Those Who are
Considering Becoming a CPA
"DO IT! There is nothing like it…on all levels…the knowledge you gain,
the people you meet, the difference you make. What a life."
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Interviewing Tips and Preparation Questions From Career Consulting Corner
Interviewing for your first job may seem scary and intimidating, but it does
not have to be. Career Consulting Corner has a variety of resources to help
prepare you for that first interview and land the job of your dreams. Some
helpful tips include planning ahead by researching the company and position
you are applying for, making eye contact during the interview, maintaining a
positive attitude and more. Visit the
Career
Consulting Corner web site for more interview tips and preparation
questions to help you on your path to success.
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