Detroit Business Law – Resources for Metro-Detroit Businesses
Resources for Metro-Detroit Businesses
As most business owners are aware, the depreciation rules for 2011 created significant benefits for businesses large and small. However, 2012 will not provide that same advantages and as a …
2011 vs. 2012 Depreciation Rules Read MoreThe IRS has recently released this handy tool on their website www.irs.gov to help you in preparing your 2011 tax return. Due to the fact that this credit originally started …
1st Time Home Buyer Credit Look Up Tool Read MoreThis is certainly a good news, bad news message. That the cost of living for all of us, from food to commodities like gasoline, has gone through the roof over …
2012 COLA Adjustments Announced Read MoreBy this point virtually every business owner in Michigan has received a State mailing putting them on notice that they are looking for any unclaimed property businesses may hold. This …
Michigan Unclaimed Property Notices Read MoreThe IRS has recently announced that the deadline to file your 2011 tax return and pay any balance due has been moved to Tuesday April 17, 2012. For more information …
Extended Due Dates for Filing of 2011 U.S. Individual Income Tax Returns Read MoreBeginning on Jan. 1, 2012, the standard mileage rates for the use of a car, van, or pickup truck will be: 55.5 cents per mile for business miles driven 23 …
IRS Announces 2012 Mileage Rates Read MoreGovernor Rick Snyder’s tax increase on both private and public pensions was recently upheld by the Michigan Supreme Court. Only a portion of the new law didn’t pass muster with …
Michigan Alert: Taxation of Public Pensions Read MoreOne of the existing rules under HARP is about to get a major rewrite during 2012. Currently homeowners whose loans are owned by Fannie Mae or Freddie Mac can refinance …
Changes to the Home Affordability Program (HARP) Read MoreUnless you operate on a cash basis, a common problem is getting paid within a reasonable time. Many reports by credit organizations confirm not only that the problem is widespread, …
Effective Collection Techniques Read MoreThe IRS just recently issued some revised tax numbers for 2012. Here are a few highlights: Standard Deduction: $11,900 for married couples filing a joint return. Personal Exemption: $3,800 Annual …
IRS Issues 2012 Inflation Adjusted Numbers Read More