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Cost Segregation Studies as an Estate Planning Tool

Michigan Business Network
January 24, 2020 8:00 AM


If you own a building or have renovated a building in the last few years, you can likely benefit from a cost segregation study.


Cost segregation studies separate real property into various depreciable categories. Most real property is depreciated over 27.5 years (for residential rental) or 39 years (for nonresidential). By performing a cost segregation study, you can reclassify a portion of that real property into personal property. These newly created asset classes depreciate at a much faster rate—normally 5, 7 or 15 years.

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Business Travelers: Take Note of Updates to Per Diem Rates

Michigan Business Network
January 21, 2020 11:00 AM

Business travelers: Take note of updates to per diem rates

The IRS recently issued guidance on how businesses, self-employed individuals and qualified employees can use the per diem rules to substantiate their business travel expenses for tax purposes. The guidance in Revenue Procedure 2019-48 modifies 2011 guidance to reflect changes made by the Tax Cuts and Jobs Act (TCJA).

The per diem rules themselves haven’t significantly changed. Primarily, RP 2019-48 deletes guidance for taxpayers who, before the TCJA, were allowed to deduct certain unreimbursed business travel expenses. Here’s a refresher on what changed under the TCJA and the rules for using per diem rates.

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AG Nessel Issues Consumer Alert on Credit Card Reader Scam

Michigan Business Network
December 20, 2019 5:00 PM

LANSING – As consumers scramble to finalize their holiday shopping, Michigan Attorney General Dana Nessel today issued a consumer alert urging credit card users to be mindful of a new scam where thieves collect personal information when swiping their card.

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2019 MFBI Fall Survey Results are In!

Michigan Business Network
December 12, 2019 3:00 PM

More than Eight-in-Ten Business Leaders Satisfied with Overall Economy According to Latest Michigan Future Business Index

LANSING, Mich. - The latest Michigan Future Business Index (MFBI) data show more than eight-in-ten (82 percent) of statewide business leaders representing small- to mid-sized businesses remain satisfied with the overall economy. Satisfaction is strongest in West Michigan (88 percent) and Metro Detroit (82 percent). 

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PNC Bank 36th Annual Christmas Price Index

Michigan Business Network
November 27, 2019 10:00 AM



Whimsical Look at the Cost to Buy the Gifts in "The 12 Days of Christmas"




  • PNC celebrates 36th year of tallying the cost of the gifts in the classic holiday song
  • Gold rings in the season; turtle dove prices head south
  • Overall costs stay flat after a 1.2% increase in 2018 
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MI Attorney General: Issues Consumer Alert on Active Spoofing Scam Targeting Michigan Residents

Michigan Business Network
November 22, 2019 10:00 AM

LANSING – Michigan Attorney General Dana Nessel today issued a consumer alert to advise Michigan residents of an illegal robocall scam where the callers are representing themselves as employees of the Office for Victims of Crime federal agency. The scam artists are using spoofing technology, which allows them to appear as a local caller in an attempt to steal personal information, including Social Security Numbers, from Michigan residents.

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Kurt Rankin | PNC MI Fall Economic Outlook Survey

Michigan Business Beat
November 16, 2019 9:00 AM

Jeffrey Mosher catches up with Kurt Rankin, Economist and Vice President with PNC Financial Services, Pittsburgh, PA.
They discuss, the results of PNC’s MI Fall Economic Outlook Survey of Small- & Mid-Size Business Owners. Here are some of the key findings:

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It's Official: Lease Accounting & CECL Implementation Deadlines Extended

Michigan Business Network
October 22, 2019 1:00 PM

The Financial Accounting Standards Board (FASB) has officially extended implementation of the new lease accounting and current expected credit losses (CECL) standards by one year. The announcement was expected by FASB after it first voted for the extension in July, then put the proposal out for public comment, which expired in mid-September. After studying the impact of these new standards on private companies, FASB determined that they would benefit from having an additional year to comply.

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NEWS RELEASE: SBA Helped Michigan Small Businesses Access More Than $787 Million to Start, Grow and Expand in FY 19

Michigan Business Network
October 21, 2019 12:00 PM

Nationally, SBA backed more than 63,000 small business loans totaling $28+ billion in FY 19 

DETROIT – The U.S. Small Business Administration’s Michigan District helped the state’s small businesses access $787 million in capital via its various loan programs in fiscal year 2019, which ended on September 30, 2019. Across the nation, the federal agency backed more than $28 billion in loans to entrepreneurs who, without the SBA, would otherwise be unable to access loans at reasonable rates.

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Mazen Baisa: Elite, Professional, Energy! | Be Investable

Be Investable
October 15, 2019 2:00 PM

On this podcast of Be Investable is Mazen Baisa!

As the founder of YOUMAXA, Mazen Baisa delivers the truth about what flat out works against your energy, metabolism, neurobiology, vitality and everyday relationships. Through his products and programs, he gives the tools you’ve always needed but never had to run your professional life like an elite athlete and to be at the top of your game without the burnout.  

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