Sean Keenan 2006-2007 MACPA Chair of the Board

In this world nothing is certain but death and taxes.
-Benjamin Franklin

Even wise old Ben Franklin knew taxes were inevitable. But, why do they have to be so darn complicated?

I’d venture to guess that no single issue has garnered as much attention in the Michigan business community as has the expiring Single Business Tax and, subsequently, its potential replacement.

One aspect of Governor Jennifer Granholm’s new plan is of particular interest to those of us who provide a service. The Governor’s plan, as I’m sure you know by now, includes a provision for a two per cent levy on services. That would include the services of CPAs.

To that end, our Association leadership, including the Executive Committee and our Legislative Advisory Group, are deliberating the current legislative proposal of a two percent tax on the performance and delivery of services in Michigan.

We would very much like to hear your thoughts regarding this issue, as policy-makers continue to examine options for replacing the SBT. Go to this special blog which will allow you to post your thoughts, and review feedback submitted by other members. You’ll also find links to an executive summary of the Governor’s proposal, the full text of the legislation and a list of services taxable and exempt under the proposal.

Please join in the discussion – take advantage of this opportunity to be involved in shaping our business tax system.

While the SBT replacement is headline news, I’d like to call your attention to other important topics covered in this issue of Leader’s Edge, including:

• Mobility* – reducing cumbersome regulations for interstate practice
• Peer Review – easing the timeframe for compliance for mandatory peer review
• Race for the Cure – an opportunity to raise money and awareness for a great cause.

The MACPA is committed to assisting members and serving as a resource regarding all of these important issues. As always, feel free to contact me or our President and CEO Peggy Dzierzawski with your concerns or feedback.

Top