Tweet The IRS has noted an increase in tax-return-related scams, frequently involving unsuspecting taxpayers who normally do not have a filing requirement in the first place. These taxpayers are led to believe they should file a return with the IRS for tax credits, refunds or rebates for which they are not really entitled. Many of [...]
Tweet Cancel all of the bank accounts that you do not use as well as the ones that are not convenient for you. Scale back! Receiving several bank statements in the mail is too much work! More to reconcile. More entries to make. More to keep track of. Simplify your financial life in order to [...]
Tweet The Internal Revenue Service announced an increase in the optional standard mileage rates to 55.5 cents per mile for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business and other purposes.
Tweet When you need professional advice, get it from professionals, not from your friends. (Unless your friend is a professional)
Tweet Congress has announced that the 0.2% FUTA surcharge will not be extended beyond June 30, 2011. To date, employers have been required to pay FUTA tax at a flat rate of 6.2% on the first $7,000.00 of each employee’s annual wages. The 6.2% FUTA rate included a temporary 0.2% surcharge that was first added [...]
Tweet Sorry we have been so silent lately! We are in the process of updating our website and it is taking more effort than we anticipated. Hopefully the end result will better serve everyone! We will let you know when it goes live and will wait for your input. In the meantime… be aware…Michigan Tax [...]