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Latest News
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Small Business Tax is no longer in effect after December 31, 2007.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.