Congress Votes To Increase Minimum Wage

House, Senate pass $2.10 increase as part of Iraq spending bill. Wages would jump from $5.15 an hour to $5.85 on July 24, 2007, to $6.55 one year later, and to $7.25 two years later

Signed by President Bush May 25

MSNBC News

Amber Alert System
http://codeamber.org
Missing & Exploited Children
http://www.missingkids.com
Nat'l Center For Missing Adults
http://www.theyaremissed.org/ncma/index.php
Homeland Security
http://www.dhs.gov/index.shtm
Michigan Homeland Security
http://www.michigan.gov/homeland

The Pension Protection Act of 2006: Key Provisions that Can Affect You Retirement Savings

On August 17, 2006, President Bush signed the Pension Protection Act of 2006, the country’s most sweeping reform of pension laws in 30 years.

Michigan Association of CPAs

What Working Retirees Need to Know About Taxes

It’s becoming a well-established trend: more and more retirees are working and, according to the media, many soon-to-retire baby boomers plan to do the same.

Michigan Association of CPAs

Reporting Capital Gains

In order to educate taxpayers about their filing obligations, this fact sheet, the twelfth in a series, provides information with regard to capital gains reporting. Incorrect reporting of capital gains accounts for part of an estimated $345 billion per year in unpaid taxes, according to Internal Revenue Service estimates.

Almost everything you own and use for personal purposes, pleasure, business or investment is a capital asset, including..........

Forever Stamps & Time Value Of Money

For those on the prowl for real-life examples of the time value of money for use in the basic income tax course: Mike Dorf has an interesting example from today's increase in the cost of a first-class mail stamp to 41 cents, and the Post Office's sale of "Forever Stamps" which can be used for first-class mail at any time in the future based on today's rate: Forever Stamps: Convenience or Scam?, which is based on a Washington Post article by Allan Sloan, ";;Forever'" Stamps Save Time, Not Money:

Tax Prof Blog

Six Tips to Help Seniors Stay Out of Debt

Rising healthcare costs, insufficient retirement benefits, and longer life expectancies are just a few of the reasons more seniors are turning to credit cards to meet everyday living expenses.

Michigan Association of CPAs

For A List Of Pre-Bankruptcy Counselors, Go To......

For Lists Of Nonprofit Credit Counselors, Go To:
Nat'l Foundation For Credit Counseling
800.388.2227
http://www.nfcc.org/

Association Of Independent Consumer Credit Counseling Agencieas
800.450.1794
http://www.aiccca.org/

Tips for Small Business Public Relations Success

You are a small business owner without the resources to hire a public...

Michigan Association of CPAs

The Big Decision: When to Start Collecting Social Security

Should you take your Social Security benefits early or wait until your full retirement age – or maybe even later? It’s a question that most retirees face and, unfortunately, there is no one right...

Michigan Association of CPAs

Self-Employment Tax

This section discusses self-employment tax.. This list of items should not be construed as all-inclusive. Other information may be appropriate for your specific type of business.

Internal Revenue Service