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 **(Domain Name CPASENSE Registered) **Mentioned in the Journal of Accountancy, SmartPros, Tax Prof Blog, CPA2BIZ, CPA Journal, AccountingWEB, CPATrendlines & More **Search Accounting Blogs: (Includes cpasense)**TOPICS - FINANCE - FEDERAL & MICHIGAN TAXES ** Making Sense Of Your Finance & Taxes

Friday, August 31, 2007

MET Board Holds the Line on Prepaid Tuition Costs

The Michigan Education Trust (MET) Board has set contract prices for the upcoming enrollment period, which are basically unchanged from the average 2007 price.

Michigan Treasury

Thursday, August 30, 2007

Five Ways to Earn Employee Loyalty

Over 60% of employees surveyed said they plan to look for a new job in the next three months, according to a...

How to Overcome Start-Up Business Hurdles

Every year about 600,000 new businesses are launched in the United States. Many people dream of owning their...

What You Need to do Before You Sell Your Business

Before you cash in on the successful company you’ve built and retire to a tropical paradise, take time to...

Michigan Association of CPAs

Did You Know? Shift Happens

This video was part of Michigan Association Of CPAs Director Peggy Dzierzawski’s presentation at the 2007 Small Practitioners Conference.

Wednesday, August 29, 2007

IRS Warns Of New E-Mail Scam Offering Cash For Participation in "Member Satisfaction Survey"

August 28, 2007 -The Internal Revenue Service today issued a consumer alert regarding a new, two-step e-mail scam that falsely promises recipients they will receive $80 for participating in an online customer satisfaction survey.

Michigan Business Tax (MBT)

The Michigan Treasury has a new web site detailing the business tax (MBT) that is effective January 1, 2008

The Michigan Chamber of Commerce has a legislative summary of the MBT at: (Right Hand Column)

Saturday, August 04, 2007

Money Magazine Lauds MESP As A "Top 5" Plan

Money magazine has recognized the Michigan Education Savings Program (MESP) as a top five 529 College Savings Plan in the nation. In its August 1, 2007 edition, Money describes MESP as a plan "Whose strong management and low fees make them top choices not only for their own state's citizens, but for anyone whose in-state plan doesn't merit a star."..........

Michigan Treasury

Thursday, August 02, 2007

Rental Property & The Tax Gap

Not reporting or under-reporting rental income contributes to the tax gap. Landlords need to be aware of everything that counts as income so they pay their fair share of taxes. They also need to be aware of all deductible expenses so they don’t overpay their taxes............

Internal Revenue Service

Taxpayer Advocate Service

The Taxpayer Advocate Service is an independent organization within the IRS that assists taxpayers who are experiencing economic harm, who are seeking help in resolving tax problems that have not been resolved through normal channels, or who believe that an IRS system or procedure is not working as it should. Taxpayers may be eligible for assistance if:

**They are experiencing economic harm or significant cost (including fees for professional representation);

**They have experienced a delay of more than 30 days to resolve a tax issue; or

**They have not received a response or resolution to their problem by the date promised by the IRS.

The service is free, confidential, tailored to meet taxpayers' needs, and available for businesses as well as individuals. There is at least one local taxpayer advocate in each state, the District of Columbia and Puerto Rico. Taxpayers can contact the Taxpayer Advocate Service by calling 1-877-777-4778 (toll free) to determine whether they are eligible for assistance. They can also call or write to their local taxpayer advocate, whose phone number and address are listed in the local telephone directory and in Publication 1546, The Taxpayer Advocate Service of the IRS--How to Get Help With Unresolved Tax Problems, which is available on the IRS Web site at

Small Business Tax & Masnagement

Editor's Note: Michigan office: McNamara Federal Building, 477 Michigan Avenue, Room 1745, Stop 7, Detroit, MI 48226 313-628-3670 Fax 313-628-3669

Wednesday, August 01, 2007

Fact Sheet: Michigan's New Earned Income Tax Credit

On September 22, 2006, Governor Granholm signed into law a state Earned Income Tax Credit (EITC) for Michigan. It will reward work, supplement low-wages and help a segment of the state's population that has not benefited from other tax measures. It will go into effect for tax year 2008.............

Michigan League for Human Services

Do You Owe Money To The IRS?

The vast majority of Americans get a tax refund from the IRS each spring, but what do you do if you are one of those who have received a tax bill? What do you do if you owe money to the IRS and can’t pay?.......

Internal Revenue Service