Taxation

Posted onDecember 1, 2011May 20, 2012AuthorAdministrator

In the case of One’s Travel Ltd. v. Michigan Department of Treasury, under consideration was whether or not One’s Travel Ltd. qualified for the small business tax credit under the Single Business Tax Act (“SBTA”). One’s Travel Ltd. was a for-profit Michigan corporation, and a subsidiary of Credit Union ONE. The small business tax credit works to offset single business tax (“SBT”) liability for businesses that have limited gross receipts, pay a limited amount as compensation and director’s fees to shareholders or officers. To determine One’s Travel Ltd.’s qualification for the credit, the court needed to determine whether, for purposes of qualifying for the credit, One’s Travel Ltd. had to consolidate its business activities with the gross receipts of the other members in its affiliated group. Read More …

Taxation

Posted onSeptember 1, 2011February 17, 2013AuthorAdministrator

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Independent Contractors and the Internal Revenue Service’s “Twenty Factor” Test Perspective on the Problems of Today and the Solutions for Tomorrow

Posted onJune 11, 2011February 16, 2013AuthorAdministrator

57 Wayne L. Rev. 599 – INDEPENDENT CONTRACTORS AND THE INTERNAL REVENUE SERVICE’S “TWENTY FACTOR” TEST PERS… by WayneLawReview

Taxation

Posted onDecember 10, 2010May 20, 2012AuthorAdministrator

This Survey period (June 1, 2008 – May 31, 2009) produced somewhat anemic results. There were many unpublished opinions. There was also a perceived increase in the number of petitions for leave to appeal to the Michigan Supreme Court filed by the Department of Treasury, resulting in fewer final decisions. Lastly, while the first set of Michigan Business Tax returns have been filed, there is an inherent time lag until the first cases challenging provisions of the tax will be filed and acted upon. Subsequent Survey periods will, no doubt, make up for the slim pickings of this Survey period. Read More …