Articles

State & Federal Tax Update | May 2010
Michigan taxpayers have enjoyed a relatively low-income tax structure for the last 20 years. Elimination of the inheritance and intangible taxes, the exclusion of pension income, and an overall drop in the flat tax rate have made Michigan an attractive state in which to live, work, and retire.
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2010 Tax Law Outlook | May 2010
This year has already fulfilled promises of sweeping tax reform and new laws. The new health care legislation (HR 3590) signed into law on March 23rd has caused great debate and concern over long-term implications. Continue Reading.
Tax outlook for 2010 | January 2010
On November 6, 2009, the Worker, Homeownership and Business Assistance Act was signed into law by President Obama and after a tumultuous 2009, taxpayers have reason to look forward to better times. Continue Reading.
Education Planning Update | October 2009
Recent turmoil in the financial sector of our economy has forced many parents to reexamine and prioritize their children’s’ education plans. Continue Reading.
Time For Your Financial ‘Physical’ Checkup | July 2009
Most individuals believe in preventive medicine, healthy lifestyle activities and annual medical physicals to obtain a complete bill of health. Continue Reading.
Summary Public Service Achievements | July 2009
Here is a summary of Robert A. Bovitz’s public service achievement. Continue Reading.
Understanding the Michigan Business Tax | February 2009
Michigan business owners are feeling the impact of the new Michigan Business Tax. After repealing the old Single Business Tax(SBT), which had not satisfied many taxpayers with its value-added approach to taxation, the state legislature was forced to replace lost tax revenues with a comparable tax on business activity in Michigan. Continue Reading.
Economic Stimulus Act of 2008 | April 2008
Taxpaying Americans will soon get welcome relief with the passage of the Economic Stimulus Act of 2008. For example, married couples with two children, and adjusted gross income less than $150,000, will soon be receiving rebate checks for $1800. Continue Reading.
Time For Your Financial ‘Physical’ Checkup | April 2005
Most individuals believe in preventive medicine, healthy lifestyle activities and annual medical physicals to obtain a complete bill of health. Continue Reading.
Tax Relief act of 2004 | January 2005
Federal income tax cuts in the past few years have given relief to virtually all individuals and small businesses. Continue Reading.
Income Tax Filing Highlights | March 2003
Virtually all Michigan tax-paying families are pleasantly surprised by changes to the federal and state income tax pro- visions and find they are paying less taxes in comparison with…. Continue Reading.
Tax Strategies For Small Businesses | November 2002
Many of the provisions of the 2001 Tax Act go into effect in 2002. With year-end around the corner, let’s explore some strategies where small business owners can… Continue reading.
Elder Care Assurance Services | August 2001
The increasing demands on society as a direct result of an aging population, major technology advances, social security administration stability concerns, and medical health care provider troubles, have driven the CPA profession to provide new non-traditional… Continue reading.
Economic Growth & Tax Relief | July 2001
Eagerness and anticipation over promises of tax cuts were put to rest when President Bush signed the new 1.35 trillion tax reduction law on June 7, 2001. Continue reading.
Above & Beyond Tradition | April 2000
I am often in a discussion that allows me to dispel common beliefs and stereotypes of what the acronym “CPA” stands for and what we, as professionals, offer the business… Continue reading.
1999 Tax Update | January 2000
Happy New Year! Although there weren’t any major tax legislative changes affecting 1999 business and personal tax returns, some mention should be made regarding the following…Continue reading.
1998 Tax Relief | December 1998
The Taxpayer Relief Act of 1997, signed into law on August 5, 1997, provides the most significant tax cuts in 16 years. Since the bill contains over 800 changes to the Internal Revenue Code, the scope of this article will deal only with the more popular applications. Continue reading.
Spotlight on Small Business | May 1996
There are many issues and questions facing the small business owner on a daily basis. As a CPA, I am constantly being asked seemingly innocent questions ranging from “How long do I have to keep my records” to more technical questions such as…Continue reading.
Small Business Competitiveness in America | April 1995
I had the recent honor of being invited to participate in U.S. Senator Spencer Abraham’s Small Business Competitiveness Seminar, co-hosted by Walsh College and Citizens… Continue reading.
Small Business Tax Planning
In today’s world of ever-changing tax codes, small business owners are often left behind in terms of proper tax planning and methods of utilizing before-tax dollars for business… Continue reading.