michigan business

Michigan processes shorter corporate tax returns

The Associated Press — Sun, 31 Mar 2013 15:38:47 +0000

LANSING, Mich. (AP) - Michigan says the new corporate income tax returns it's processing are much shorter in length than other business tax returns.

The state Department of Treasury says the returns submitted to date average 17 pages. That's 41 fewer pages than the average Michigan Business Tax return.

The Corporate Income Tax approved in 2011 took effect for the 2012 tax year. Some businesses still file an MBT return because they qualify for certain tax credits.

The state says some MBT returns are longer than 1,000 pages.

Michigan's fight against cyberattacks

Stateside Staff — Wed, 13 Mar 2013 21:32:11 +0000

The Chinese military has been recently accused as the source of many cyberattacks on American corporations and government agencies.

A week ago, the White House firmly stated that the Chinese government adhere to "acceptable norms of behavior in cyberspace" and halt the widespread theft of data from American computer networks.

South Carolina and Utah are two known states that have been hacked. How were they attacked?

Within Michigan, businesses and the state have participated in a joint effort to protect and prepare for cyberattacks, a model other states are looking to as an example.

But that doesn't mean Michigan's cyber security isn't running into problems. We are weathering some 187,000 cyberattacks every day.

What are the consequences if Michigan's response plan fails?

Michigan Radio's Cynthia Canty spoke with writer Chris Gautz from Lansing.

Listen to the whole story by clicking the link above.

Stateside: A story slam competition for entrepreneurs

Michigan Radio Newsroom — Wed, 30 Jan 2013 22:47:31 +0000

The following is a summary of a previously recorded interview. To hear the complete segment, click the audio above.

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Do business with Iran? One lawmaker says you shouldn't do business with the state of Michigan

Steve Carmody — Tue, 20 Mar 2012 19:56:06 +0000

A state House committee takes up legislation tomorrow to prevent companies with ties to Iran from doing business with the state of Michigan.

Republican lawmaker Marty Knollenberg admits he doesn’t know of any Michigan businesses working with Iran. But he says it sends an important message.

“This brings attention to the problems of Iran," says Knollenberg, " They are a threat. They are a rogue nation. We need to put this issue on the forefront.”