Michigan tax law can be stressful and frustrating if you don't have the help you need. As a small business owner, you’re not going to have the time to learn the ins and outs of all of the tax laws in Michigan. Hiring tax professionals is a necessity to keep your business running smoothly.
Taxes are a normal part of doing business but one that can cause your business to fail if they aren’t handled properly. When working through Michigan tax laws here are some things to keep in mind:
1. Have a basic understanding of MI tax law. Even if you have an accountant or tax attorney, it's still important to have a working knowledge of the tax laws in Michigan.
2. A good tax attorney can save your business a lot of potential problems. Search through tax attorneys in Michigan and find one that will be a good fit for your business.
3. Hire a good accountant or bookkeeper. A tax professional will help take the pressure off, so you can focus on running and growing your business.
Action Steps
The best contacts and resources to help you get it done
Have an understanding of MI tax law and how it relates to your business
While you'll need to hire a tax professional, if you haven't already, it is important that you have a basic understanding of tax law in Michigan. This way, if you need to file your own taxes, you can.
I recommend: A good source for Michigan tax law information is the
Citizens Research Council of Michigan, which has a useful outline of the system. At
Michigan.gov, the Department of the Treasury offers comprehensive information on tax law in Michigan.
Find a tax attorney to help you navigate Michigan tax law
Good Michigan tax attorneys can be expensive, but it is a necessary expense for your small business. A tax lawyer will help you spot any problems before they become major problems that can have a drastic effect on your business's future.
I recommend: Justia.com is good place to start your search for Michigan tax attorneys.
AttorneyPages offers a listing of Michigan tax attorneys that can be searched either by county or city.
Find a tax professional to help you comply with Michigan tax laws
You don't have time to handle every aspect of your business on your own. Keep your books and filing your taxes is something you can leave to a tax professional once your business starts to grow. They'll have a better understanding tax laws in Michigan, and the know how to make sure you receive all of the tax deductions your business is eligible for.
I recommend: USCity.net offers a directory of accountants and accounting firms in Michigan. The
Independent Accountants Association of Michigan is a good place to start your search for a tax professional.
Tips & Tactics
Helpful advice for making the most of this Guide
- Choose Michigan tax attorneys and other tax professionals that specialize in small business concerns. Small businesses have different tax burdens than larger companies, and they need tax professionals who understand those issues.
The official source of Michigan Tax Law is the Michigan Tax Law page at Business.com
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