The New Michigan Business Tax: Get Ready Now

Proactive Steps to Update Compliance and Minimize Your Tax Impact

Recording of a 90-minute CPE webinar with Q&A


Conducted on Thursday, April 3, 2008

Program Materials

Description

Michigan finally agreed to dump its unpopular single business tax, but this change may not provide real relief for businesses. The new Michigan Business Tax (MBT) applies to both income and gross receipts, pulling even more corporations into its net.

With the new MBT comes a new list of deductions and tax credits, apportionment and pass-through rules to follow, and systems for quarterly tax estimates and return e-filing. The MBT is effective for filings after Jan. 1, 2008, so corporate taxpayers must get on top of these compliance changes now.

Your advance work will make all the difference for a smooth transition to the new MBT and efficient audits—and to make sure your company pays no more tax than absolutely necessary.

Listen as our panel of veteran Michigan tax advisors, all highly experienced with the Michigan tax system, helps prepare your company for the demands of the new MBT.

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Benefits

The panel will review these and other key questions:

  • The new tax base: How much of your company's business income and modified gross receipts will be taxable? What can you do to influence those numbers?
  • New deductions: Become intimately familiar with the new lists. How can other taxpayers mitigate damage from deductions favoring in-state companies?
  • Compliance changes: Prepare for the new approaches to apportionment, quarterly tax estimates, partial-year tax computation and pass-through liability.
  • E-Filing: Will the Treasury Department be ready to let you e-file your first MBT return, and what e-filing protocols will you follow?

Faculty

Robert Rhoades
Robert Rhoades
Member
Dickinson Wright

He litigates both non-property tax and property tax cases and lectures frequently before the Michigan Society of CPAs....  |  Read More

Richard Spengler
Richard Spengler
Partner Multi-State Tax Consulting
BDO USA

He specializes in state income and franchise tax services. His background includes both federal and state tax...  |  Read More

Curtis Ruppal
Curtis Ruppal
Partner and Director State and Local Tax Practice
Plante Moran

He leads a group focused on multi-state tax consulting services, including reduction of state income taxes. He has more...  |  Read More

Paul McCord
Paul McCord
Attorney
Varnum Riddering Schmidt & Howlett

He works on a broad range of federal and state tax controversy and planning engagements for corporate clients. He...  |  Read More