Michigan news

Education & Careers

Interns and new graduates face a brighter hiring future

According to a new study, the college segment of the labor market is about to rebound, hiring is poised to increase, and hiring of recent college graduates is expected to improve measurably.
Tax

More famous people in hot water with the tax man

Another bunch of celebrities is in trouble with Uncle Sam over tax debt. Singer Kelly Rowland, Eddie Murphy's ex-wife, and actor Cary Elwes are the latest.
Community News

Thomas R. Haggerty CPA merges with Lewis & Knopf

Accounting firms Thomas R. Haggerty CPA, PC, and Lewis & Knopf CPAs, P.C., recently announced a merger.
A&A

Japan’s economic crunch, its effect on the U.S.

Growing concerns have compelled the Bank of Japan’s policy board to take significant steps to jumpstart its faltering economy. The bank calls its multi-pronged strategy a “comprehensive monetary easing policy.”
Community News

Haggerty CPA, Lewis & Knopf announce merger

Local accounting firms Thomas R. Haggerty CPA, PC, and Lewis & Knopf CPAs, P.C., recently announced a merger. The merged firm, which became effective September 27, will be recognized as Lewis & Knopf CPAs, P.C.
A&A

PCAOB announces participants in roundtable on new proposed communications standard

The Public Company Accounting Oversight Board has announced the names of the participants in the roundtable discussion on its proposed standard on auditors' communications with audit committees.
Tax

Terrorist? No. Tax debtor. Yes.

A Yemeni man held on suspicion of terrorist activity was released by Amsterdam authorities earlier this month. After some confusion, Ahmed Mohamed Nasser al Soofi was found to have no terrorist connections, but a hefty unpaid tax bill in the amount of nearly $14,000.
Community News

Company announcements: Week of August 30

Following is the latest roundup of firm news for the week of August 30, 2010.
Tax

Detroit Pistons ownership says tax lien is a mistake

Detroit Pistons parent company Palace Sports & Entertainment was hit last month with a lien for unpaid state taxes that company officials said “fell through the cracks.” Combined with an earlier federal lien, it now appears to owe nearly $280,000.
Tax

Film tax credits: A hot topic for state budgets

You might have heard that many states use film tax credits as a way to attract production companies to make movies and TV shows within their borders, resulting in jobs for residents and publicity for the state. With budgets tightening, some states are suspending or reducing the incentives, while others are enhancing their existing programs and creating new ones.
Practice Management

Managing medical marijuana use in the workplace

For employers with operations in the 14 states that have legalized marijuana for medical purposes, it is a difficult task to juggle the need for a drug-free workplace environment and the rights of employees who have prescriptions to legally use marijuana.
Tax

Four rap stars make the IRS hit list

The list of famous, well-paid people who owe back taxes is long and getting longer. Lately, it seems the names dominating the list are those of rappers.
Tax

Starr quality: Not what you want in a financial advisor

Being rich and famous does not necessarily make you smart. That could be why so many wealthy people trust the untrustworthy.
Tax

Three artists sing the tax-trouble blues

The Queen of Soul and the taxman are doing battle again – and Judy Collins and Toni Braxton are singing a similar tune.
Tax

Former Detroit Lion in trouble as “Farr” as eye can see

Mike Farr once rode high as a member of the Detroit Lions. These days, he’s in hot water. Not only does he owe nearly $83,000 in state and federal taxes but, a few weeks ago, federal regulators put a lock on his assets after he was named in a government lawsuit.
Tax

Taxman to seller of luxury watches: Time’s up!

Christopher Wardle sells luxury timepieces costing more than $8,000 at his Bozeman Watch Company. But as far as the Internal Revenue Service is concerned…he’s run out of time.
Tax

Average Joe or star athlete: The housing slump played no favorites

Rick Mahorn, former Detroit Piston and member of the 1989 NBA championship team, has hit hard times. In the last year Mahorn, 51, and his wife lost their home in Rochester Hills, Michigan, and filed Chapter 7 bankruptcy.
Tax

Michigan CPA to serve up to 20 years for embezzlement

An accountant from Kalamazoo, Michigan, has been sentenced to pay $3 million in restitution and to serve five to 20 years in prison for embezzlement from clients.
Education & Careers

SIFE members' passion for business can be powerful force for change

Students In Free Enterprise, an international non-profit network of students, academics, and business leaders working with businesses and higher education organizations, is in the midst of its regional and national competitions.
Tax

Super Bowl vs. state of Michigan: A ball of confusion

More than four years after Super Bowl XL, the state of Michigan has filed liens against the Super Bowl Host Committee, charging that it failed to pay payroll taxes.

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