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TOTAL BOOKKEEPING SOLUTIONS, LLC
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Recent News​
The Michigan Department of Licensing and Regulatory Affairs (LARA) is warning Michigan corporations to be wary of a non-governmental entity called "Corporate Records Service" trying to collect a $125.00 fee to file a "2013 Annual Corporate Records Form". This solicitation implies that the State of Michigan requires corporations and limited liability companies to complete an Annual Corporate Records Form, and offers assistance. The solicitation looks like an official document and is entitled "2013 - Annual Corporate Records Form.
Starting in 2014, The Affordable Care Act (ACA) states that employers with an average of 50 or more full-time employees (including part-time or seasonal employees working more than 120 days per year) must determine the full-time status of every employee each month, and report the number of full-time employees for each month to the IRS annually.
The State of Michigan has been aggressively implementing a plan to conduct Sales and Use Tax Audits of businesses in this state. Use Tax is defined by the State of Michigan as a companion tax to sales tax. "Use tax of 6% must be paid on the total price (including shipping and handling charges) of all taxable items brought into Michigan or purchases by mail from out-of-state retailers. Credit is given for tax paid to another state. Use tax is also applied to certain services such as telecommunications and hotel/motel accommodations."
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