
The firm is currently licensed in the States of Michigan and Florida
and is a member of the Michigan Association of Certified Public Accountants and the America Institute of Certified Public Accountants. The firm completed an in house peer review in September of 2003 and received an unqualified opinion.
The firm uses the Practitioners Publishing Company Practice Aids as a basis for all checklists and work programs. Specifically, this engagement would use the automated software edition (Guideware) designed for Audits of Governmental Units.
SBT is gone
Small Business Tax is no longer in effect after December 31, 2007. Likewise, sales tax on services will also not be in effect.
MBT is here
Starting January 1, 2008, Michigan Business Tax. It is a two part tax. Regardless of the complications on the income tax side, there is a gross receipts side. All companies earning more than $350,000 are subject to it at the rate of .8% (.008) times the gross receipts or $4000 tax for $500,000 gross receipts plus the surcharge of 21.9% to replace the service tax. Great incentives for Michigan business.