Showing 2 posts from March 2016.
Michigan Sales and Use Tax Audits: What You Need to Know
Sales and Use taxes are basically a 6 percent tax on the sale, use and consumption or storage of tangible personal property in the state of Michigan. Michigan has ramped up its enforcement of these two taxes. In short, Michigan is getting less revenue from its traditional tax basis so the state is really looking to enforce compliance with the sales and use tax more than what they used to. What does that mean for you? It means that you might get audited. Learn more about what you should do if you get audited in the video below.
Categories: Sales Tax, Use Tax
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Payroll & HR Professionals Beware: IRS alerts of Phishing Scheme
A new phishing email scheme that purports to be from company executives and requests personal information on employees was identified by the IRS. This email scheme, known as "spoofing," will contain for example the actual name of the CEO. The "CEO" sends an email to payroll or HR and requests a list of employees and information including social security numbers. For more information on this scheme, click here.
Foster Swift has also covered schemes regarding fake charities and discussed how to protect yourself from identity theft.
Categories: News & Events
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