Michigan Businesses to Benefit from Drop in Workers' Comp Rates
The state of Michigan announced some positive news for the state's business climate as pure premium rates for workers' compensation insurance are expected to drop by an average 4.2 percent in 2008. This drop continues a long-term downward trend during which the rate average has dropped by 35.9 percent over the past 10 years. The pure premium rate is the annual yardstick against which private insurance carriers can compare their rate structure for workers' compensation coverage for the coming year.
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AICPA Urges IRS to Withdraw Proposed Open Account Debt Regulations
Last week, the AICPA urged the IRS to withdraw proposed regulations that would change the open account debt rules between shareholders and their S corporations in comments the AICPA submitted to the IRS. The proposed regulations would require small business owners to keep a running balance of open account debt transactions and treat such transactions as formal, written debt whenever that balance exceeds $10,000. Read the AICPA’s cover letter and comments.
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IRS Offers Guide for Homeowners in Foreclosure
The IRS unveiled a special new section on IRS.gov for people who have lost their homes due to foreclosure. The IRS also reassured homeowners that, although mortgage workouts and foreclosures can have tax consequences, special relief provisions can often reduce or eliminate the tax bite for financially strapped borrowers who lose their homes. The question and answer page on IRS.gov has a variety of information, including a worksheet designed to help borrowers determine whether any of the foreclosure-related relief provisions apply to them.
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10 Ways to Mitigate Your Security Risks
Small businesses can use several strategies to reduce information security risks, such as using automated defenses to block viruses, spyware, and other malware. This includes unified threat management appliances, antivirus suites for every computer, server, and mobile device, and using administrative rights on PCs to prevent users from turning off firewalls. To read this article in its entirety and much more about developments in technology, access Technology and Productivity Weekly, the MACPA's electronic technology newsletter for industry professionals, sponsored by Information, Inc.
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CPE By City

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Help Your Firm Succeed - Gain Value, Build Relationships and More at This Unique Program
	What: Firm Leadership Symposium When & Where: October 4, 2007 - Birmingham Recommended CPE Credit: 8 Hours (Includes Ethics)
Everything You Need to Know About the Michigan Business Tax and the State's Economy Focus at New Conference
	What: Michigan Tax Conference When & Where:  November 7-8, 2007 - Livonia *One day pricing, plus multiple attendee discount available Recommended CPE Credit: 16 General Hours
Code of Professional Conduct - What Exactly is Professional Honesty?
	What: Honesty in all Things ( 4-hour AM Session) When & Where: October 3, 2007 - Brighton Recommended CPE Credit: 4 Ethics Hours
Discuss the Relationship Between Ethics, Tax Compliance and Professional Liability
	What: FIN 48 and the Ethics of Tax Disclosure (4-hour pm session) When & Where: October 3, 2007 - Brighton Recommended CPE Credit: 4 Hours (Includes Accounting & Auditing and Ethics)
Are You or Your Clients Exempt From the Michigan Business Tax?
	What: FTW Presents the New Michigan Business Tax When & Where: October 4, 2007 - Livonia Recommended CPE Credit: 8 General Hours
Whether in Business or Industry, Gain Valuable Financial Management Advice to Help Your Company Be Profitable
	What: Financial Management in Industry Conference When & Where:  October 25, 2007 - Livonia Recommended CPE Credit: 8 Hours (Includes Accounting & Auditing and Ethics)
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