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Michigan Property Tax Law Article
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Should I Take Tax Law and Advisory Courses?
from:Many business owners have lots of tax questions. Of course, your tax attorney can help you out and answer all of your questions, but there are times when it might be advisable to take tax law and advisory courses yourself, to help you stay abreast of the tax requirements for your business. Here are some things tax law and advisory courses can do for you:
• Help You Better Understand Tax Law – Most of us rely somewhat blindly on our tax attorneys because we have little knowledge on how the tax laws work. But, by taking tax law and advisory courses, we can gain a better understanding of the tax laws for ourselves. Of course, you’ll still have to consult your tax attorney for many things, but you’ll have a much better handle on the issue overall if you learn for yourself.
• Help You Understand Tax Changes – Many business owners take one day tax law and advisory courses each year that are just designed to cover the changes to the tax law for the upcoming year. These quick classes can help you stay abreast of changes and how they might affect your business.
• Save You Money – Of course, tax law and advisory courses cost money. However, they will pay for themselves very quickly if they eliminate some calls to your tax attorney. When you can handle some of your tax issues yourself, you’ll immediately reduce the number of billable hours your attorney is charging.
• Help You Look For Creative Ways to Reduce Taxes – If you better understand the tax laws, you can structure your business in ways that can help you reduce taxes, take advantage of additional deductions and avoid tax pitfalls. Though your tax attorney is there to help you, he doesn’t know the ins and outs of your business the same way that you do, so it’s unlikely that he will be able to make all the suggestions you need to structure your business in a way that legally minimizes taxes.
It’s not likely that you’ll ever eliminate the need for a tax attorney. But, by taking some tax law and advisory courses, you can become more educated about tax laws and how they affect your business. Doing so will make you a smarter and savvier business owner, and may well save you some money along the way. When you’re ready to find these courses, contact your local university or community college to find out about the classes they offer. These classes are typically inexpensive and may count toward continuing education credits, too.
Michigan Property Tax Law News
Fitch Downgrades Taylor, MI's LTGOs to 'BB'; Outlook Negative - MarketWatch (press release)
Fitch Downgrades Taylor, MI's LTGOs to 'BB'; Outlook Negative MarketWatch (press release) DECLINING TAXABLE VALUE: Taxable value (TV) has declined notably and further declines are expected. Property taxes are the city's main revenue source and the city is currently at its property tax cap; revenue raising options are virtually non-existent. |
Snyder, Legislative leaders agree to income tax cut, more education funding - The Detroit News
 The Ann Arbor News - MLive.com | Snyder, Legislative leaders agree to income tax cut, more education funding The Detroit News $110 million in one-time funding for Michigan road projects. -- $10 million for the state's main savings account, bringing the balance of the Budget Stabilization Fund to $500 million. -- $50 million in tax credits for film companies, an increase of ... Editorial: Michigan Republicans should rethink foolish rush to cut state ... |
Personal Property Tax Phase-Out Matters For Michigan - Michigan Capitol Confidential
Personal Property Tax Phase-Out Matters For Michigan Michigan Capitol Confidential “The legislature found a way to wind down a tax that is, dollar-for-dollar, the most economically destructive in the state,” said James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy. Michigan's personal property ... |
Senate Republicans pass bills to phase out Michigan personal property tax - Chicago Tribune
 Michigan Radio | Senate Republicans pass bills to phase out Michigan personal property tax Chicago Tribune LANSING — Republicans in the Michigan Senate today passed a package of bills for the phased elimination of personal property tax on Michigan businesses after making changes they said would ease the impact on local units of government. Mich. Senate passes personal property tax cuts Michigan Chamber of Commerce Applauds State Senate's Passage of Personal ... Michigan Senate removes personal property tax on computers, machinery |
Personal property tax repeal passes Michigan Senate - Detroit Free Press
Personal property tax repeal passes Michigan Senate Detroit Free Press By Paul Egan LANSING -- A package of bills to repeal Michigan's personal property tax passed the Michigan Senate on Thursday after lawmakers made changes that included a "poison pill" clause to ease concerns of local officials about losing revenue. Mich. Senate passes personal property tax cuts |