Cover Story
Premier Tax Conference Drew Sell-Out Crowd
Michigan’s new business tax is the hottest topic around for CPAs and attorneys. The state’s new tax was the primary focus at the MACPA’s two-day Michigan Tax Conference on November 7 and 8 in Livonia. The MACPA’s first-ever tax conference featured almost 30 general and breakout sessions with speakers from around the country and drew nearly 1,000 attendees anxious to learn about the state’s new tax law.

All Signs Point to Service Tax Elimination
At press time for Leaders’ Edge, the expanded Michigan Use Tax remains in place – scheduled to include select services beginning December 1, 2007, as enacted by Public Act 93 of 2007. Although introduced and acted upon in both the Michigan House of Representatives and Senate, legislation to eliminate or delay the new service tax has not been passed nor signed by Governor Granholm.

Navigator of the Profession – Michael E. Slomski, CPA, MSF
Mike Slomski is definitely a major league player in the CPA profession. He is a major shareholder in the firm of Slomski & Raedel, CPA, PC located in Harper Woods. Mike received a BS in Accounting from Wayne State University and a Master’s Degree in Finance from Walsh College of Accountancy. His dedication to the profession is not just a nine-to-five job. Mike utilizes his 33 years of experience as a CPA to enlighten and educate CPAs of the future as an adjunct professor of accounting and taxation at Macomb Community College.

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MACPA Speaks Out on Troublesome Service Tax
The MACPA has been receiving considerable member feedback regarding the expansion of Michigan’s sales and use tax to include various business and personal services. It’s important for members to be aware of the MACPA’s direct involvement in this issue and we want to keep you as up-to-date as possible as discussions evolve in Lansing.


Peer Review Q&A: Quality Control Standards
Staffing Needs Dominate Top MAP Issues Survey


Increase in Federal Minimum Wage Will Not Reduce 45B Credit


Auditing Standards Board Embarks on Clarity Project
Accountants as Audit Committee Chairs on the Rise
Auditing: Solving 10 Problems Implementing the NEW Risk Assessment Standards


Foreclosure Crisis - Stabenow: No Tax on Forgiven Debt


Ethics Q&A: The Documentation Standard… Are You In Compliance?
News & Notes from the State Board of Accountancy - CPA License and Registration Renewal
AICPA Issues Changes to Peer Review Standards
Update on MACPA Legislative Priorities


January 1, 2008 is Just Around the Corner, Are You Prepared?
Are You Prepared for the Implementation of the Use Tax Expansion?


Metro Detroit Citizens Need You! A Great Opportunity to Volunteer with the MACPA
In Memoriam

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