Small Business Tax Briefs 3rd Edition
MICHIGAN MINIMUM WAGE INCREASE At the start of the new year, Michigan’s minimum wage will increase as a part of the gradual progression to $9.25 per hour. On January 1, the minimum wage for regular employees will be $8.90 per hour while wages for tipped employees will increase to $3.38 per hour. For more information […]
Small Business Tax Briefs 2nd Edition
THERE’S STILL TIME TO SET UP A RETIREMENT PLAN FOR 2016 Saving for retirement can be tough if you’re putting most of your money and time into operating a small business. However, many retirement plans aren’t difficult to set up and it’s important to start saving so you can enjoy a comfortable future.So if you […]
Small Business Tax Briefs
THE TAX-SMART WAY TO REPLACE A BUSINESS VEHICLE Although a vehicle’s value typically drops fairly rapidly, the tax rules limit the amount of annual depreciation that can be claimed on most cars and light trucks. Thus, when it’s time to replace a vehicle used in business, it’s not unusual for its tax basis to be […]
Unemployment Identity Theft
Although identity theft has been an ongoing issue for businesses and individuals alike, new forms of it seem to emerge every day. One type of identity theft that has caused growing concern locally is that of Unemployment Benefits. If you receive notices from the Unemployment Insurance Agency for a claimant you know to be employed, […]
