Tax News

CCH (cch.taxgroup.com) reports:

  CCH Tax and Accounting is hosting a live two-hour audio seminar, The New Michigan Business Tax, on Thursday, January 29, 2009, at 1 p.m. Eastern; noon Central; 10 a.m. Pacific. This two-hour CCH Audio Seminar is presented by seasoned Michigan tax practitioners Terry Conley and Ralph Ourlian of Grant Thornton, and will provide an in-depth and practical update on the latest Michigan Business Tax (MBT) changes passed on December 19, 2008, and the filing of MBT returns. This practical review will discuss the new MBT structure and its impact on in-state and out-of-state businesses, how the MBT is computed, and the issues and challenges that the MBT presents for dealing with business taxes and compliance. In addition, the new forms will be covered as taxpayers get closer to the filing of the MBT returns. The common forms and the flow of the computations will also be discussed, as well as the impact of the newly passed legislation and its effect on gross receipts.

  Program topics include the following:

  -- the MBT's structure and its major components,

  -- single factor sales apportionment,

  -- unitary reporting,

  -- lower nexus threshold,

  -- a heavy emphasis on credits,

  -- new forms and computation of the MBT, and

  -- new changes to the MBT.

  The learning objectives include:

  -- gaining a practical understanding of the recent Michigan tax developments affecting business entities,

  -- learning the key issues and concerns regarding compliance that the MBT presents for companies,

  -- understanding how the MBT is computed, and

  -- learning how to gather the information to maximize available deductions.

  Registration can be completed online at
http://www.krm.com/cch or by calling 1-800-775-7654. Participants can receive two hours of CPE credit for an additional $25 per person. Firms registering for this audio seminar will also receive a copy of CCH's
Guidebook to Michigan Taxes (2009).