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More Changes from the Michigan Unemployment Insurance Agency

Posted on August 22, 2012 in Articles

Tweet The Michigan Unemployment Insurance Agency has undergone several changes in the last few weeks. Among those changes, is the new Michigan Web Account Manager site employers must now use to manage their unemployment account. Below is a list of changes that have taken effect or are on the horizon. Beginning in 2012, the taxable...

The Presidential Race Is In Full Swing and The Candidates Have Very Different Views On Tax Issues

Posted on August 17, 2012 in Articles, Tax Tips

Tweet The presidential race is heating up and the hopefuls each have their own tax plan that, if elected, they hope to implement. Below are comparisons of what each candidate would do on a few key economic topics. Individual Rates President Obama has proposed to keep the rates at 10%, 15%, 25% and 28%. He...

The Unemployment Insurance Agency’s New Site is Live

Posted on August 15, 2012 in Articles

Tweet As of August 14th Michigan Employers have a new tool for managing their unemployment tax accounts. The Employer Web Account Manager has been upgraded and rebranded as the Michigan Web Account Manager, which made its public debut yesterday (Tuesday, August 14th).  Among the changes, employers can now file tax reports and make payments the same...

Don’t Give Hackers the Chance to Hold Your Sensitive Data for Ransom

Posted on August 13, 2012 in Articles, Locations & Services

Tweet   Bloomberg.com reported that hackers recently attacked a small medical practice in Illinois. According to the article, they breached the security system, stole and encrypted medical records, and then demanded ransom in exchange for the password to retrieve the records. It’s important to remember that just because your computers are locked away safely in...

Is Now the Time to Sell High-Value Items? | Tax Planning Strategies

Posted on August 08, 2012 in Articles

Tweet According to an article on the AOL Real Estate blog, some luxury homeowners are looking to sell their high-end properties before the end of 2012. They’re scrambling to get their properties to market because the Bush-era capital gains tax cuts are scheduled to sunset at the end of the year, which could lead to...

Is Now the Time to Sell High-Value Items? | Tax Planning Strategies

Posted on August 08, 2012 in Articles

Tweet According to an article on the AOL Real Estate blog, some luxury homeowners are looking to sell their high-end properties before the end of 2012. They’re scrambling to get their properties to market because the Bush-era capital gains tax cuts are scheduled to sunset at the end of the year, which could lead to...

Thanks for Winning the Gold…Now Pay Your Taxes

Posted on August 06, 2012 in Articles

Athletes like Michael Phelps, Serena Williams, and Gabrielle Douglas train for years to make it to the Olympics. Their countless hours of training pay off as they stand on the podium and bow their heads to accept the gold medal…and then they get to pay taxes on their winnings. According to an article on Reuters,...

Will Bush Tax Cuts be Extended? House to Vote Next Week

Posted on July 30, 2012 in Articles

Last Wednesday, the Senate voted to approve the Democratic tax cut proposal, which would extend the current tax cuts for those with adjusted gross income under $200,000 for singles or $250,000 for couples. House Republicans have a proposal on the table, which would extend Bush-era tax rates another year, for all income levels. Speaker John...

Congressional Budget Office Releases New Estimates for Cost of Affordable Care Act

Posted on July 25, 2012 in Affordable Care Act Tips + Updates, Articles

On Tuesday, the Congressional Budget Office (CBO) released new estimates regarding the cost of the Affordable Care Act’s insurance coverage provisions, which takes into account the Supreme Court decision issued on June 28, 2012. The CBO estimates that Medicaid will cost $1,168 billion from 2012-2022, rather than the previously estimated $1,252 billion. They believe fewer...

Got Cash? Retailers Could Start Charging Consumers a Credit Card ‘Surcharge’

Posted on July 18, 2012 in Articles

Tweet According to a report on Forbes.com, Visa, Mastercard, and several banks recently settled a series of class action lawsuits that accused them of conspiring to set unreasonably high processing fees. As a result, they will have to pay $6 billion in settlement fees to more than 7 million merchants. As a result of the...