Have you ever wondered about the value of filing your individual tax return with the help of a CPA? Here’s an interesting video about a couple challenged by CBS News to file taxes 3 different ways to determine the optimal way to file: Turbo Tax, H&R Block, and a CPA. Watch the video
Are you contemplating doing taxes for your small busines? If so, you may want to hire a Tax Professional to help you optimize your return and as importantly save yourself a lot of time. The Wallstreet Journal recently reported on the benefits of hiring a tax professional. A few key points listed include: Business Tax
You may have received a letter recently from the Michigan Department of Treasury concerning recent changes made to unclaimed property laws in the State of Michigan. Many businesses have been hit with State of Michigan use tax audits in recent years. The unclaimed property changes appear to be the State’s latest attempt in looking for new revenue. Robert F. Murray & Company is here to assist you in understanding and complying with these laws. We published a letter to help you understand the law, the changes and what actions you must take. You can find the letter in pdf format here. Please contact us should you need assistance. Do you have rights to any unclaimed property in
Governor Rick Snyder vows in the State of the State Address to eliminate the “job killing” Michigan Business Tax (MBT). 24 Hour News 8 anchor Sue Shaw and Andrew Johnston, of the Grand Rapids Chamber of Commerce discuss the elimination, challenges with the MBT, and what replace the MBT.
Yesterday, the IRS announced its new iPhone and Android App, IRS2GO. With the app, you can check your refund status from your smartphone. It reflects the IRS (quote) “commitment to help you get the information you need — whenever you need it, wherever you are”. Hmm… a noble commitment. Let’s see, it is definitely better
Found in the Detroit Freepress: “U.S. Treasurer Rosa Rios is welcome in Michigan anytime, especially when she comes bearing an $80 million. That was the message from Gov. Rick Snyder, U.S. Sen. Debbie Stabenow and U.S. Rep. Gary Peters, who gathered at United Metal Products, a Detroit metal stamping plant, which primarily supplies the auto
The estate and gift tax changes in the recently enacted 2010 Tax Relief Act. Before the new law, there was no estate tax for 2010, but some beneficiaries could have faced higher taxes because there were less favorable income tax basis rules. Also, under the prior law, estate and other transfer taxes were scheduled to
Here’s an interesting resource. The Tax Foundation, a non-profit organization since 1937, recently published the 2011 Tax Burden calculator on their website at MyTaxBurden.org. The calculator forecasts your tax bills using your favorite (or rather, least favorite) scenario: (1) EXPIRATION. Congress allows the 2001 and 2003 Bush tax cuts to expire as scheduled; (2) OBAMA/REPUBLICAN