| Michigan Defines “Actively Solicits” for MBT Tax |
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Michael G. Wyss, CPA, Senior Manager, Baden, Gage & Schroeder, LLC
As a follow up to our previous article on the new Michigan Business Tax (MBT), the Michigan Department of Revenue has recently defined "actively solicits". For the definition and to learn more about this new tax, click "Full Article". | |
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| New Benefits for Working Military Families |
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Amendments to the Family and Medical Leave Act (FMLA) extend new benefits to qualifying military families. There are two new reasons that allow family members of military personnel to take unpaid time off from work -- and one provision took effect on January 28, 2008. For more information on the changes and employer obligations under the FMLA, click "Full Article."
Copyright © 2008 |
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| Go It Alone with a 401(k) Plan |
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With one type of retirement plan, business owners who run their operations alone may be able to stash away more money for the future. Click "Full Article" to see if a Solo 401(k) plan is the right way for you to save.
Copyright © 2008 |
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| Partial Tax Exclusions for Home Sales |
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One of the best tax breaks available is the ability to avoid tax when selling a principal residence - up to $500,000 of gain is potentially tax-free for married couples filing jointly ($250,000 for single filers). However, in order to qualify, you must own and use the home for two out of the five years before the sale date. What if you're forced to move before that time? You still might be able to exclude the home sale profit by claiming a partial gain exclusion. Click "Full Article" to find out the rules.
Copyright © 2008 |
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Baden Business News is provided with the understanding that it does not provide an accounting, tax or legal service. Contact a qualified professional with any questions or concerns about the information presented in this newsletter to investigate how it may apply to your specific situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. |
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