2016 brought significant changes to personal property tax filing in Michigan.
Effective Jan. 1, 2017, minimum wage employees in Michigan will see an increase of 40 cents per hour from $8.50 to $8.90. For 2017 budgets that translates to an extra $16 per week per full-time employee, or $832 per year. The law, Public Act 138 known as the Workforce Opportunity Wage Act (WOWA) of 2014 took effect on May 27, 2014 when minimum wage was $7.90, which has gradually increased to the current $8.50
As reported in Dykema's 2016 M&A Outlook Survey: For the first time since the 2008 survey, respondents said that US financial buyers topped strategic buyers for having the most influence on US deal valuation over the past year.
Michigan is again offering reimbursement for specified costs related to training new and current employees. The Skilled Trades Training Fund (STTF) is used for short term training (3 months or less, unless an apprenticeship). This applies to ALL employers with a presence in Michigan; it is not industry specific. The employer must be in compliance with all federal and state tax obligations and willing to participate with the program's guidelines.
This is a reminder that the Form 5278, Essential Services Assessment (ESA), must be certified (approved) and paid by August 15. Taxpayers have been mailed notifications reminding them to complete the process via the MTO System (Michigan Treasury Online). Payment must be made online. No invoices pertaining to the ESA are being mailed to taxpayers.
phone: 248 355 1040
fax: 248 355 1084
27725 Stansbury Blvd, Suite 200
Farmington Hills, MI 48334