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MBT Dissection Continues as
Initial Guidance is Released
On July 12, 2007, Michigan Gov. Jennifer Granholm signed Public Act 36 of
2007, officially enacting the Michigan Business Tax – the structure that
will replace the current Single Business Tax beginning January 1, 2008.
The Story
Behind the Mortgage Crisis in Michigan
Just a few years ago, the mortgage industry was in full swing.
Non-traditional mortgages, variable rate, low documentation, reverse and
payment option loans were highly sought after by financial institutions.
People were qualifying for loans and buying homes left and right. Things
were going so well in the mortgage industry, how did it all fall apart?
Navigator of the Profession – Richard M. Gabrys
Richard Gabrys retired from a long and noteworthy career in public
accounting with Deloitte & Touche, where he was vice chairman of the firm’s
U.S. Global Strategic Client Group, to take up a “second” career in
education. Dick has had a significant impact upon the community through his
involvement as chair of organizations such as the Detroit Medical Center,
the Detroit Regional Chamber, the Michigan State Chamber and the Detroit
Economic Growth Corp.

Gail Sparks Pitts – Leading
Into A New Year
This, my very first Chair’s Message for Leaders’ Edge, comes on the heels
of an outstanding MACPA Awards Dinner. The individuals recognized at this
event are an inspiration to me as I step into the role of 2007-2008 Chair of
the Board.

DON’T KID YOURSELF – It’s Not Business as Usual

Ethics Q&A: Applying FIN 48

Tax Strategy and Condo Conversions: Reaping the Profits
Not
Ready to Throw in the Towel? Project Accounting Offers Alternative Career
Option for Accountants Nearing Retirement

Peer Review Q&A: Quality Control Standards
News & Notes
from the State Board of Accountancy
Lansing Office Increases CPA Presence: MACPA Legislative Priorities
Plentiful

Hottest CPE for CPAs this Year: New Tax, Economic Development
Make the Right Decision for the Future of Your Firm – Attend the Firm
Leadership Symposium

A
Must-Attend Event: MBT on the Hot List for Members Advisory Forum
Association
Financial Statements Accessible Via the Web
In Memoriam
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