TAXES / BUSINESS TAXES / MICHIGAN BUSINESS TAX


Nexus - A taxpayer has substantial nexus in this state and is subject to the modified gross receipts tax if the taxpayer has a physical presence in this state for a period of more than one day during the tax year or if the taxpayer actively solicits sales in this state and has gross receipts of $350,000 or more sourced to this state.


Federal law, which imposes a narrower standard applicable to state income taxes, applies to the business income tax for sales of tangible personal property.​

Taxes made easy

Nexus

Nexus is the term used to describe whether a taxpayer has sufficient connection to a state to be subject to a tax, in this case, the Michigan Business Tax (MBT).



Federal and State Taxes

The following improvements to MTO took effect on January 17, 2017:


W-2 Upload
E-file Fuel Credit Refund
Payment Screen Redesign   
In-transit Sale Allocation on the Vehicle Dealer Supplemental Schedule
Return Submission Authorization Box Changes
Authorized Declaration–Power of Attorney (POA) Updates
 



Tax preparation and filing can be an expensive mess if records have not been kept in order. A pile of receipts and half accounted for bill payments can be overwhelming.


No matter the  current status of your financial records, DKE Financial Services can sort through to organize your data and reconcile the accounts to be tax season ready. I've prepared for many startup business owners, and my process is painless and (dare I say) perfect. 

Think about having a system in place you will alleviate those end of year concerns. Contact us for your free consultation and find a solution for you. 


"Tax Information For Businesses," brought to your by the Internal Revenue Service - click here


Business Accounting Services