Granholm Signs Bill Creating New Protection From Identity Theft

On January 3, 2007, Governor Jennifer Granholm signed Public Act 566, requiring notification of Michigan residents if the security of a database containing their personal information is breached. The legislation requires individuals and government agencies to notify consumers when a security breach puts personal information, including social security numbers, driver’s license numbers and financial information, at risk. Failure to properly notify consumers of a security breach can result in a fine of up to $750,000.

Making Retirement Savings A Goal For 2007

Money can’t buy happiness, but it can help to fund a comfortable retirement. The beginning of the New Year is an opportune time to get serious about saving for retirement, and the best way to do this is by setting specific goals, reports the Michigan Association of CPAs....-MORE-