CPA License Mobility Implemented in 11 States; Michigan Moves Forward
Mobility remains the accounting profession’s top state legislative priority in 2008, as efforts proceed to remove unnecessary barriers that prevent CPAs from providing timely service to clients in different states. Thanks to thoughtful, collaborative hard work by the MACPA and other state societies, the National Association of State Boards of Accountancy (NASBA), the Accountants Coalition (TAC) and the AICPA, CPA mobility efforts achieved important traction in 2007.

Stabenow Mortgage Tax Legislation Becomes Law
In late December, U.S. Senator Debbie Stabenow (D-MI) joined President George W. Bush at the White House, as the President signed Stabenow’s mortgage tax relief legislation into law. The legislation changes current law requiring individuals to pay an income tax when they have had a part of their mortgage loan forgiven or have been forced to foreclose.

Navigator of the Profession – Gregory A. Nowak, CPA, JD
Greg Nowak definitely leads a busy professional and personal life that many would consider hectic. He is one of Michigan’s leading experts on state and local tax issues. As a partner in the PricewaterhouseCoopers LLP Detroit office, he leads the firm’s state and local tax consulting practice. In fact, he was one of the major contributors in the development and subsequent approval of the Michigan Business Tax.
 

Doors of Opportunity
As our members face a busy season of year-end accounting and 2007 tax year filings, we can celebrate a “tax victory” in Lansing – closing the door on the ill-fated service tax. After several all-night legislative sessions and the active participation of MACPA’s grassroots, board members, Legislative Advisory Group and government relations staff together with other organizations, the Michigan Service Tax was eliminated on December 1.

FASB Proposes Delay of Interpretation 48 for Nonpublic Enterprises
SEC Drops Reconciliation Requirement for Foreign Private Issues

Peer Review Q&A: Monitoring Deficiencies
Ethics Q&A: Transferring Client Records as a Firm Changes
MACPA Legislative Priorities Plentiful for 2008

Information Technology Support for Your Firm
Information Security Management Still Number One Concern

CPAs in Industry: This Accounting & Auditing Update Is Designed for You!
Save the Date for the Spring Members Advisory Forum!
CFO Seminar Series: Effective Tools to Address Day-to-Day Concerns

Let the MAF Help Relieve the Financial Strain of Completing Your Accounting Education
In Memoriam
MACPA Continues to Inspire High School Students

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