Posts Tagged ‘Michigan Business Tax’

Do You Understand Michigan’s Business Tax Changes?

Wednesday, October 19th, 2011

We recently reported that Michigan is changing their tax structure effective January 1, 2012. In a nutshell, Michigan is replacing the Michigan Business Tax (MBT) with a Corporate Income Tax (CIT). Changes coming with the new CIT include a 6 percent tax imposed on C corporations only, making Michigan’s corporate income tax rate the lowest in the Midwest. (more…)

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Live or Do Business in Michigan? Tax Amnesty Ends Soon

Monday, June 13th, 2011

The Michigan Department of Treasury is providing an opportunity for delinquent taxpayers to pay their taxes while avoiding penalty charges and criminal prosecution, but time is running out to participate in the program. (more…)

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Live or Do Business in Michigan? Your Tax Laws Are Changing!

Wednesday, June 1st, 2011

In late May, the Michigan legislature voted to make dramatic changes to Michigan’s corporate and individual income tax laws. The measure repeals the Michigan Business Tax and eliminates numerous individual income tax credits, deductions and exemptions as well as changes future income tax rates. (more…)

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