On February 13, President Bush signed the Economic Stimulus Act of 2008. The law is designed to boost the US. economy by providing tax rebates to individuals and tax incentives for businesses. Recovery Rebates Eligible individuals will begin receiving rebate checks sometime soon after the April 15 tax filing deadline. The rebate checks are not a refund of 2007 taxes, but an advance reduction in 2008 taxes being given in 2008. The rebate check will be based on 2007 tax ...
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In the ever-changing medical profession, physicians and their administrators must rely on the most current information to address complex salary and benefit issues. Yeo & Yeo’s 2008 Medical Salary & Benefit Survey results are available to assist physicians with some of these issues. Our survey reflects current salary rates for clinical and administrative staff at various levels of experience, and benefit package information gathered from Michigan practices only and allows physicians to ...
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On October 1, 2007, the Michigan State Legislature reached an agreement regarding revenue increases to balance the 2007-2008 State Budget. The Michigan income tax withholding rates rise effective immediately from the current 3.9% to 4.35%. The bill was written so that the rate will decrease from 4.35% to 3.95% in .1% annual increments beginning October 1, 2011. On October 1, 2015, it will decrease to 3.90%. The 2007 income tax rate will be annualized for the calculation of ...
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Governor Granholm recently signed into law the Michigan Business Tax or MBT. The Governor has said that a simple, fair, competitive tax structure is critical to bringing jobs to the state. In her weekly radio address on July 6, she stated, “Our highly competitive Michigan Business Tax will further bolster Michigan's position as a great place for businesses to grow and create jobs." A summary of the more important features of the new legislation is available to help you understand the ...
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The Kalamazoo office of Yeo & Yeo, P.C. has again been named one of West Michigan’s 101 Best and Brightest Companies to Work For by the Michigan Business and Professional Association. This is the fourth year the Kalamazoo office has received the award. “This exciting accomplishment confirms the culture Yeo & Yeo has created to support the demands of its employees’ work and personal lives,” said James D. Reinhart, Managing Principal of the Kalamazoo office. “It’s a great ...
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