cpasense

Name:
Location: Westland, Michigan, United States

Graduate of Walsh Institute Of Accountancy (Now Walsh College) Michigan in 1959. Retired in 1987, but still active in the profession **World War II Veteran (Pacific) **PHONE 734-261-1979 **E-MAIL -cpabakem01@yahoo.com **(Domain Name CPASENSE Registered) **Mentioned in the Journal of Accountancy, SmartPros, Tax Prof Blog, CPA2BIZ, CPA Journal, AccountingWEB, CPATrendlines & More **Search Accounting Blogs: http://www.blognetnews.com/accounting (Includes cpasense)**TOPICS - FINANCE - FEDERAL & MICHIGAN TAXES ** Making Sense Of Your Finance & Taxes

Sunday, July 31, 2005

Social Security
Click here to learn how your retirement benefit is calculated and the effect of working additional years.

Fairmark Press

Friday, July 29, 2005

Multiple-Party Accounts

The ACTEC Foundation has produced an informative brochure entitled Joint Accounts: Dangers and Alternatives.
This pamphlet is designed to increase general understanding of multiple-name deposit accounts.

Draft - 2005 Form 1098-C Contributions Of Motor Vehicles, Boats, And Airplanes If approved -Information IRS may need for you to make contribution.

http://www.irs.gov/pub/irs-dft/d1098c.pdf

Internal Revenue Service News Release
http://www.irs.gov/newsroom/article/0,,id=136939,00.html

Wednesday, July 27, 2005

Key Steps In Setting Up A 401(k) Plan For Your Employees

For small business owners, a 401(k) qualified retirement plan can be powerful tool for attracting and retaining talented employees and for helping them to achieve a secure retirement. 401(k) plans offer tax benefits as well – for both the employer and the employee – reports the Michigan Association of CPAs (MACPA)....-MORE-

Internal Revenue Service http://www.irs.gov/retirement/article/0,,id=119625,00.html

Tuesday, July 26, 2005

Michigan, U.S. Abandoned Property

The Michigan Unclaimed Property Division's function is to assume custody of the unclaimed property, not including real estate, and to return that property to the rightful owner and their heirs.
** Contact Information ** FAQs ** Search For Your Unclaimed property In Michigan ** Search For Your Unclaimed Property In The U.S.
State of Michigan

Why Treasures In Safe Deposit Boxes Get 'Lost'

Each year thousands of safe deposit boxes are declared "abandoned" and their contents turned over to the state , even when their owners could be easily found.
MoneyCentral MSN

Money Management - U.S. Treasury
Savings Bonds

**Online Services ** What Are Your Bonds Worth? ** Fun Calculators ** Why Buy Bonds? ** How To Buy Bonds ** Product Information ** FAQs ** Contacts ** Just For Kids ** Current Rates

Saturday, July 23, 2005

Start-Here-Win-Prizes
High school and college students between the ages 13 and 26 are invited to test their knowledge of accounting and the CPA profession and win great prizes, including a grand prize of $1,000. Students can visit the StartHereGoPlaces.com trivia challenge every day to answer a new multiple-choice question – answers can be found easily by clicking around the site. Correct answers may snag an on-the-spot prize like a portable DVD player or $10 at Amazon.com. Plus, participants are automatically entered in the sweepstakes for one of three grand prizes. Sweepstakes winners will be drawn after the competition closes on November 4th....-MORE
American Institute Of Certified Public Accountants (AICPA)

Wednesday, July 20, 2005

Michigan Mail-Order Prescription Law Signed By Governor Granholm

Governor Granholm has signed legislation that allows Michigan pharmacists to sell and dispense prescription drugs by mail.
The three-bill package is intended to help pharmacists compete with large mail-order prescription drug companies.Pharmacies previously faced a $5,000 fine each time they used mail-order services.
The ban on filling prescriptions received by mail has hurt local pharmacies in recent years.More health care plans are now requiring or giving incentives to customers who get their drugs from mail-order companies to keep down costs.
The new law allows the state's Medicaid program to use in-state pharmacies to supply medicine to participants. The program previously had to use those out-of-state because of the restriction.
WILX 10 Lansing

Monday, July 18, 2005

HYBRID CARS

Compacts & Sedans, SUVs & Minivans, Trucks - Available now, expected in 2005, 2006, 2007
Hybridcars.com

Also see June 21 article " Clean Fuel Alternative Vehicle Deduction"

GET THE INSURANCE COVERAGE YOU NEED TO PROTECT YOUR BUSINESS AND YOUR FUTURE

In today’s litigious society, a minor mishap could result in a large lawsuit. Obtaining the right kind and amount of insurance coverage can help business owners manage the financial risks associated with their companies. Here’s what the Michigan Association Of CPAs says small business owners need to know to protect their assets and their businesses....-MORE-

8 Things Your Financial Advisor Won't Tell You

Literally, anyone can claim to be a financial advisor. Even those with top credentials may not divulge everything you should know. Here's how to dig up the facts on the person you're paying for financial advise.
MSN Money