Publications for Joel C. Farrar
Check fraud can harm your business by causing cash flow problems, burdensome fraud investigations, and even unreimbursed financial losses.
The IRS now automatically revokes an organization’s tax exempt status if the organization fails to timely file an annual information return for three consecutive years.
President Obama signed the American Taxpayer Relief Act of 2012. The Act made other lesser-known but important changes to the tax law that could affect you and your business. This article summarizes those changes.
LARA has issued a warning regarding a letter being sent to Michigan corporations asking for an Annual Minutes Disclosure Statement.
You might save on your employment taxes if your business is taxed as an "S Corporation."
Noncompetition agreements typically prohibit an employee or seller of a business to own or work for a competitor of the protected party, and often are of substantial value. However, a Michigan court will only enforce these agreements if they comply with the following four requirements.
Michigan companies are required to file annual reports with the Michigan Department of Licensing and Regulatory Affairs.
The Act makes many changes, including taxing income from pensions and other types of retirement plans. This articles summarizes those changes.
The IRS has published guidance that might exempt your business from the new requirement to report the cost of health care on your employees' Forms W-2.
Effective January 1, 2012, the Corporate Income Tax will impose a flat 6% tax on the Michigan apportioned income of businesses that are taxed as C corporations for federal income tax purposes.
Investing in your business in 2011 may afford additional tax benefits.
State tax laws have not kept pace with the rapid growth of cloud computing.
On February 17, 2011, Governor Rick Snyder proposed restructuring Michigan's tax system.
Nonqualified deferred compensation arrangements were required to comply, in writing, with the highly technical rules of Internal Revenue Code Section 409A ("Section 409A") effective as of January 1, 2009.
Companies should exercise considerable care before transferring potentially hazardous materials, such as paints, solvents, chemical agents and empty storage drums, to third parties.
U.S. exporters may be able to reduce their U.S. effective tax rate by establishing an IC-DISC.
The recently enacted Hiring Incentives to Restore Employment (HIRE) Act may benefit your business with tax savings.
Important changes to Michigan’s securities laws will become effective on October 1, 2009.
A recent case decided by the United States Tax Court might help investors in limited liability partnerships (LLPs) and limited liability companies (LLCs) to deduct losses incurred by the LLPs and LLCs against income from other sources.
On June 19, 2008, the United State Supreme Court held that an ERISA plan administrator that both evaluates benefit claims and pays the benefits has a conflict of interest that affects judicial review of benefits decisions.
In 2004 Congress enacted Internal Revenue Code ("Code") Section 409A, which dramatically changes the requirements for maintaining nonqualified deferred compensation arrangements.