Our professionals have extensive experience working with both large and mid-size public and private companies in the state and local tax arena. Several members of our Transaction Tax team have more than 20 years of experience assisting clients with transaction taxes. Our knowledge and experience bring perspective and insight to complex multi-state issues.
Manufacturing companies that have equipment subject to the Michigan Essential Services Assessment (ESA) are required to certify through the Michigan Treasury Online website that the essential services tax liability is correct before the ESA can be paid.
Check out the latest SALT Alerts from Michigan and Nevada.
In response to the threat of the Illinois credit rating being downgraded to “junk bond” status, the Illinois General Assembly has passed the first state budget since 2015, and a multibillion-dollar income tax hike to support it. The resulting Illinois Income Tax Act (IITA) produces a number of tax changes that impact individuals, corporations, and most other filing entities.
Do you know someone that lives in Detroit but uses a permanent address outside the city? Maybe someone you know has a business in Detroit but uses a non-Detroit mailing address. Or perhaps you know someone who owns rental property in Midtown or downtown Detroit.
The city of Detroit has 11 auditors and three attorneys searching for Detroit residents and businesses that are not paying Detroit taxes and is targeting the now popular Midtown and downtown areas.
Employers in California and the US Virgin Islands are the only jurisdictions subject to credit reduction for the 2016 tax year due to failure to pay off federal UI loans by Nov. 10, 2016. Employers in these jurisdictions face a 2016 federal unemployment tax that is 1.8 percent higher than employers not in credit reduction states.