Michigan CPA articles

Recent articles from Michigan CPA

Qualified retirement plans and IRAs impact retirement planning. (Individual Retirement Accounts)
September 22, 1997... For most upper-income individuals, social security benefits will provide only a small portion of retirement income, so it is vital to take all possible steps to maximize retirement savings, both through employer-sponsored plans and through a systematic savings program. While...

Pointing to indexing.
September 22, 1997... "Those who follow the crowd can do no better than the crowd" is a favorite quotation of Kirk Miner of the Jack Miner Migratory Bird Sanctuary. With the Dow Jones and the S&P 500 indices at all-time highs, it is not surprising many investors are quite satisfied to be part of the current flock...

Tax tips to consider for financial planning.
September 22, 1997... As a financial planner, it is necessary to consider income taxes when advising a client. Income taxes at both federal and state levels will affect most of a CPA's decision making. With that in mind, the following tax tips might be helpful when advising clients on financial planning. First,...

Practical estate planning under the new provisions ... now what?
September 22, 1997... All major tax law revisions provide planning possibilities, as well as perils. The Taxpayer Relief Act of 1997 is no exception. While it will take some time for the full impact of this Act to be understood and interpreted, there are significant changes in estate planning meriting immediate...

Property tax abatement for manufacturers.
September 22, 1997... Michigan offers property tax abatement to manufacturers for new manufacturing, the expansion of existing manufacturing facilities and rehabilitation of obsolete manufacturing facilities. When the municipal unit where the facility is or will be located approves the manufacturer's application...