COVID-19 Resources

Critical Updates
Bookmark this page to easily check back for updates as new information is available

Updates

MI Treasury Releases Guidance on State Tax Filing Extension

Michigan Department of Treasury released a notice that provides taxpayers with additional guidance related to the state and income tax filing extension (EO 2020-26) announced on March 27 and the IRS Notice 2020-23 issued on April 9.  Read More

 

U.S. SBA Interim Final Rule Regarding the Paycheck Protection Program (PPP)

Business Loan Program Temporary Changes; Paycheck Protection Program – Additional Eligibility Criteria and Requirements for Certain Pledges of Loans.  Read More

 

Paycheck Protection Program & Tax Filing Frequently Asked Questions

MICPA and AICPA provide answers to common tax filing and PPP questions in this FAQ.  Read FAQs

 

COVID-19 Economic Injury Disaster Loan Application

Federal Disaster Loans for Businesses, Private Non-profits, Homeowners and Renters.  Apply Here

 

Ethical Implications To Consider For COVID-19 PPP Loan Applications

Assisting an attest client with a COVID-19 PPP loan application is a nonattest service. If CPAs comply with the ...  Read More

 

View additional resources from the CARES Act and PPP roundtable.  Read More

GBMW_BannerNewBlue_2x

200408 Coronavirus Webinar - Tile 362X231

As provided under the legislation, the U.S. Department of Labor will be issuing implementing regulations.

 Read FAQs

 

Referred to as the “Stay Home, Stay Safe Order,” Executive Order No. 2020-2 issued by Governor Whitmer temporarily requires the suspension of all activities that are not necessary to sustain or protect life.

Section 8 of the Executive Order defines critical infrastructure workers as those described by the U.S. Cybersecurity and Infrastructure Security Agency's March 19, 2020 guidance on the COVID-19 response. Section 8 (l) lists financial services as a sector in which some workers could be considered essential to the extent such employees meet the outlined criteria

Like many other industries and trade associations, MICPA continues to seek further guidance and clarification from the State of Michigan with regard to whether the Executive Order applies to MICPA’s members. We will continue to update members as we receive more information.

Please note that many local and county governments have issued orders that impose additional restrictions on residents and businesses.  Please ensure that you also review and comply with those orders if your business is a critical infrastructure business that will remain open. 

 

Treasury Secretary Steve Mnuchin announced that Tax Day is being pushed back until July while the nation copes with the effects of the COVID-19. “All taxpayers and businesses will have this additional time to file or make payments without interest or penalties,” Mnuchin tweeted.

 IRS Tax Filing Extension FAQ

 

 

The IRS just released Notice 2020-18 providing additional details to the postponement of the individual filing deadline. Read The News Article

Governor Whitmer will extend the state tax deadline to July 15, 2020

 Read the Letter

 

 

A word from MICPA President & CEO Designate Bob Doyle

 Read the Letter

 

 

Video Roundtable

 
 
 
 

 

 

CPE Earning Update

 

LARA Lifts Self-Study Cap for the Remainder of the CPE Earning Period
The Department of Licensing and Regulatory Affairs (LARA) has lifted the 50% self-study cap on continuing education credits for the continuing education period ending June 30, 2020. Learn More

 

State of Michigan will Recognize all Electronic CPE
For the continuing education period ending June 30, 2020, the State of Michigan will recognize all CPE that is taken through all electronic means, including webinars, self-study, e-learning, relative to the fulfillment of CPA license renewal requirements for accounting and auditing (A&A), ethics (including Michigan Specific Ethics) and general education (other hours). Find an online course today

 

MICPA CPE
All in person courses and conferences through May 31, 2020 have been moved to an online format or postponed. Please visit the MICPA CPE Learning Center for the latest information and schedule.  MICPA CPE Learing Center

How MICPA is Advocating for Michigan CPA's

 

State Tax Filing Deadline
The MICPA has reached out to the Treasury Department and sent a letter to Governor Whitmer urging Michigan to follow the IRS’s action regarding the state tax filing deadline.   Read Letter

CPA Essential Services
The MICPA sent a letter to Governor Whitmer requesting that the CPA profession be included in the list of essential critical infrastructure workplace exemptions.  Read Letter

Connect-here-for-you-