Teaching Children Money Smarts

Do your children understand the value of a dollar? Learning how to manage money early is a lesson that will be essential throughout.........

Michigan Association of CPAs

New Web Cams Provide International Bridge Travel Conditions

May 9, 2008 - - Travelers can now make International Bridge crossing plans with up-to-the-minute views of the bridge traffic and weather, courtesy of new International Bridge Administration (IBA) Web cameras aimed at both the U.S. and Canadian ends of the bridge - Sault Ste. Marie Michigan........
Scroll down to Crossing Information

Michigan Dept. of Transportation (MDOT)

MICHIGAN HEARINGS ON THE MBT COMING TO A TOWN NEAR YOU

Michigan Senate Republicans have announced that four hearings will be held around the state to gather input on the impact of the Michigan Business Tax (MBT) and suggestions for improvement. Three hearings remain:

Thursday, May 15 at 3pm Oakland University , Elliott Hall Room 242, Rochester

Friday, May 16 at 1:30pm Saginaw Valley University Center

Monday, May 19 at 3pm in Traverse City.

More specific information will be posted as it is made available.

Planning An Affordable Family Vacation

With the end of the school year fast approaching, many families are beginning to plan their summer vacations. Travel expenses can take...........

Michigan Association of CPAs

How To Avoid Scams When Searching For Scholarships

Tuition and fees can add up to well over $30,000 at some universities. Many parents hope their children can secure a scholarship so...........

Michigan Association of CPAs

The Three Big 401(k) Pitfalls

Most of us lead busy lives that leave little time to review investments regularly. For 401(k) investors this means losing track of investments. Uncertainty about the investments often leads investors to do nothing. Inaction leads to poor performance either through investment losses or the opportunity cost of remaining in laggard investments.

Let’s discuss some of the common pitfalls 401(k) investors face...........

Michigan Association of CPAs

Proposal Would Limit Increases In Credit Card Fees, rates

In a far-reaching effort to rein in abusive credit card practices, federal regulators have proposed restricting the ability of card issuers to sharply raise interest rates and fees.
The proposal, released Thursday by the Office of Thrift Supervision and the National Credit Union Administration, would:............

USA Today

Michigan Business Tax "Actively Solicits" Act Defined

In view of the Franken Case http://tinyurl.com/4eft99

RAB 07-6
Under the Michigan Business Tax ("MBT"), a taxpayer, other than an insurance company under MCL 208.1235 et seq., has nexus with the State of Michigan and is subject to the MBT if "the taxpayer has a physical presence in this state for a period of more than 1 day during the tax year or if the taxpayer actively solicits sales in this state and has gross receipts of $350,000 or more sourced to this state." MCL 208.1200

(1). In other words, there are two nexus standards under the MBT.

First, a person may have nexus with the state if that person has physical presence in the state for more than one day during the tax year.

Alternatively, a person may have nexus with the state if the person actively solicits sales in this state and has Michigan gross receipts of $350,000 or more............

State of Michigan