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New MACPA Web Page Offers
Extensive MBT Info
With the launch of a new web page today, MACPA
members gain access to extensive information and resources on the Michigan
Business Tax. Links to the original statute, House Fiscal Agency analysis,
legislative updates, an archive of articles about the MBT, and links to MBT
educational programs are easily accessed on the
MBT
Resources web page. Plus, members may post questions to the MBT Q&A
Forum and read all the posts from other members. Volunteer members of the
MACPA, well-versed in the details of the Michigan Business Tax (MBT), answer
your questions to their best ability using available information. This
resource will be updated regularly, providing the most recent developments
regarding implementation.
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IRS Warns Taxpayers of New
E-mail Scams
Last Friday, Aug. 24, the IRS warned taxpayers
of a
new phishing scam, in which an e-mail purporting to come from the IRS
advises taxpayers they can receive $80 by filling out an online customer
satisfaction survey. The IRS urges taxpayers to ignore this solicitation and
not provide any requested information. The IRS does not initiate contact
with taxpayers through e-mail.
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Corporate Use of
e-File Up as Deadline Approaches
Although small corporations, those with assets
less than $10 million, are not required to
e-file, almost 625,000 have done so this year so far, compared to about
400,000 at this time last year. As the Sept. 17 deadline approaches for
calendar year filers of corporate returns who filed for extensions, the IRS
urges certain corporate filers to be aware of their obligation to file
electronically. This is the first year that certain “mid-size” corporations,
those with assets between $10 million and $50 million, are required to
electronically file their Forms 1120 or 1120S.
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IRS Issues Pub 4557,
Safeguarding Taxpayer Information
Putting data security safeguards in place
helps prevent fraud and identity theft, and enhances customer confidence and
trust.
Pub 4557 helps non-governmental businesses, organizations and
individuals that handle taxpayer data understand and meet their
responsibility to safeguard taxpayer information.
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Annuities May Be Next
401(k) Frontier
Faced with the possibility that a growing
number of employees will outlive their income in retirement, companies will
likely consider offering annuities as
a new investment option in their 401(k) plans, say experts at Watson
Wyatt Worldwide.
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SaaS Options Demand
Discipline from SMBs
Small businesses have an array of options from
which to choose when it comes to Software as a Service (SaaS) applications.
To ensure they make wise investments, Beagle Research Group LLP founder and
managing principal Denis Pombriant encourages them to first figure out which
business processes should be automated--a process that lowers costs and
facilitates deployment. To read this
article in its entirety and much more about developments in technology,
access
Technology and Productivity Weeklyy, the MACPA's electronic technology
newsletter for industry professionals, sponsored by Information, Inc.
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