Strategic
Issues...Online
For
week of February 12,
2007, Issue #295
Featured Articles:
1. Michigan
Tax Deadline Extended to April 17th
2. Tech Tip
Weekly: Entering
Formulas Manually in MS Excel
3. Focus on
Fraud: Pretexting Is Now Illegal
3. Compliance
Calendar
If you would
like to have further information on any of these
articles, let us know.
We would appreciate receiving your comments
and/or suggestions, anytime!
acarroll@pmcpa.com
1.
Michigan Tax Deadline Extended to April 17th
The Michigan
Department of Treasury has extended their
individual income tax return due date to April
17, 2007. This puts the State's due date in
line with the Federal deadline.
Previously, the
IRS had announced that the April 15th deadline
for filing your Federal individual income tax
return (Form 1040) was extended until April
17th. First, because the 15th falls on a
Sunday, this makes the next business day the due
date. However, April 16th is a holiday,
Emancipation Day, in Washington DC, therefore
the due date has been extended to Tuesday, April
17th.
2.
Tech Tip Weekly: Entering Formulas Manually in
MS Excel
Manually entering an MS Excel formula is easy,
if you follow these steps.
1. Move the cell pointer (by clicking the cell
or navigating with the arrow keys) to the cell
that you want to hold the formula.
2. Type an equal sign (=) to signal the fact
that the cell contains a formula.
3. Type the formula and press Enter.
As you type, the characters appear in the cell,
as well as in the Formula Bar. You can use all
the normal editing keys (Delete, Backspace,
direction keys, and so on) in entering a
formula.
As you enter a formula, MS Excel shows each cell
reference in the formula in a different color.
If the reference cells are visible on the
worksheet, you see a border around each cell in
the same color as the cell reference in the
formula. This feature makes it easier to
identify the references of the cells that you're
typing in your formulas.
3.
Focus on Fraud: Pretexting Is Now Illegal
According to the Federal Trade Commission (FTC),
pretexting is the practice of obtaining personal
information under false pretenses. It is the
act of creating a scenario wherein the actor
pretends to be another to solicit private
information about someone from the holder of
such information. The actor essentially
establishes a rapport with the holder of
information by inferring that he/she is the
person whose information is being sought.
President Bush signed a bill last month making a
controversial practice known as "pretexting", a
federal offense.
The law specifically forbids the act of
misrepresentation, impersonation or deception in
order to obtain personal information, for
example telephone numbers. Just six months ago,
pretexting fell into a gray area of the law.
The issue gained national attention when
Hewlett-Packard filed a document with the U.S.
Securities and Exchange Commission. The
computer maker said its investigators had used
tactics to find out which members of its board
were leaking private company information to the
media, which ended up as news reports. The
scandal led to testimony before Congress and the
resignation of several board members and HP
employees.
4.
Compliance Calendar
February 16
-Semi-weekly depositors must deposit
employment taxes for payroll dates February
10-13.
February 22
-Semi-weekly depositors must deposit
employment taxes for payroll dates February
14-16.
February
23
-Semi-weekly depositors must deposit
employment taxes for payroll dates February
17-20.
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