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Top 60 accounting firm Doeren Mayhew has expanded its footprint in western Michigan by acquiring Biggs, Hausserman, Thompson & Dickinson (BHT&D CPAs), a Saranac-based full-service CPA firm. Joshua Garvey “We’re committed to continuing to grow our West Michigan market. Financial terms of the deal weren’t disclosed.
via TNS) A temporary cut to Michigan’s income tax will not be made permanent under a judge’s ruling this week. Michigan Court of Claims Judge Elizabeth Gleicher ruled Thursday, Dec. Dale Zorn, R-Onsted, the National Federation of Independent Businesses, Associated Builders and Contractors of Michigan and a group of residents.
The deal, which went into effect on June 12, gives UHY an additional 40 team members and two Michigan offices—one in Cadillac and the other in Traverse City. With this combination, UHY is proud to have nine total offices in the state of Michigan,” Tom Callan, Great Lakes regional managing partner for UHY, said in a press release.
State treasury officials estimate Michigan government will see a $9.2 The projections, which include forecasting from the Senate and House fiscal agencies and Department of Treasury, estimate Michigan will bring in $32.4 Michigan’s fiscal year runs from Oct. By Alyssa Burr, mlive.com (via TNS). decline from revenue in 2021-22.
Some states - Connecticut , Massachusetts , Michigan , Rhode Island and D.C. , Almost all the states that impose a sales tax generally allow retailers to deduct or exclude sales tax refunds for returned goods from taxable sales. for example impose a time limit, usually 90 days but up to 120.
Effective November 1, 2024, Mellen, Smith, and Pivoz, PLC (MS&P) will join the firm and become the first geographic expansion into the Detroit, Michigan market. He is a member of the American Institute of CPAs and Michigan Association of CPAs, and will serve as the director in charge of the Detroit, MI office. Blue & Co.,
Corey graduated from the University of Michigan. He is a licensed CPA in Michigan. Outside of work, Corey enjoys craft beer, watching movies with his family, or watching sports at the local brewery. Memorable Quotes: “I’ve always loved craft beer. It’s always been something on my mind.”.
As part of the deal, Wipfli will now have an office located in Michigan. “Clayton & McKervey was sought after by numerous suiters but selected Wipfli for the culture connections and strategic fit with middle-market and high-net-worth clients,” added Allan Koltin, CEO of Koltin Consulting Group, who advised both firms on the combination.
Taxable prepared food in Michigan includes food sold in a heated state or that is heated by the seller; has two or more food ingredients mixed or combined by the seller for sale as a single item; or is sold with eating utensils provided by the seller (not including a container or packaging used to transport the food). But heated when?
A federal jury convicted a Michigan businessman on March 5, 2025, for not paying employment taxes and not filing his own individual income tax returns.
The Michigan House on Tuesday voted 65-43 to lower the state's income tax rate from 4.25% to 4.05%, with several Democratic lawmakers joining Republicans in support of the measure.
The Michigan Court of Appeals has handed down a ruling affirming a lower court decision that use tax is not due by a retailer on advertising materials shipped to Michigan customers by an out-of-state direct mail company.
The accounting and advisory firm Marcum LLP has acquired Croskey Lanni, PC, a notable Detroit, Michigan area-based firm with an office in Boca Raton, Florida. Based upon our research and within our industry, we believe Marcum is the best CPA firm in America, and we are proud to become a part of their platform.”
The products incur sales tax in most states (Massachusetts casts an especially wide net) but are more or less exempt in Connecticut, Florida, Maryland, Michigan, New Jersey, New York, Texas, West Virginia and Wyoming.
The products are tax-exempt (more or less) in the District of Columbia, Florida, Maryland, Michigan, New Jersey, New York, Texas, Vermont, West Virginia and Wyoming. Here’s a rundown of what some other states do (this changes frequently – check with an individual state if you have questions and want the latest regulations).
Blue Cross Blue Shield of Michigan and Blue Care Network plan to give back over $100 million to fully insured clients in 2020, according to an announcement. As the pandemic continues to disrupt everyday life the world over, some insurers are returning funds to their customers.
The Michigan Senate passed legislation in March 2024 expanding the state’s Research and Development (R&D) Tax Credit from the past credit that offered a mere 1.9% credit on qualifying expenses incurred in Michigan. Qualified research expenditures (QREs) for the Michigan R&D tax credit follow federal U.S.
For example, our recent “Hot Topics” webinar examined, among other topics, Michigan making separately stated installation charges exempt from sales tax effective April 26, 2023. But there are more than 10,000 jurisdictions in the U.S., and a ton of local jurisdictions with the authority from their states to change their individual tax rates.
Michigan media reports that its state legislators made a good move at a good time regarding nexus and sales tax obligations: Gov. States are still reeling in sales tax deficits brought on by the economic downturn during the pandemic, but the addition of economic nexus has appeared to have somewhat alleviated the deficits.
Michigan has updated its guidance on the sales and use tax nexus standards for remote sellers. Massachusetts issued a notice stating that all sales and use tax filers must submit returns and make payments through MassTaxConnect for tax periods beginning on or after Jan. 1, 2022, including any past-due returns and payments for prior periods.
Michigan legislators are eying sales tax repeals on diapers after removing a similar state sales tax on menstrual products; Colorado is also considering such a proposal. Ten states have already removed the tax on diapers.)
If you are selling through a marketplace, the majority of states now have these laws in place, including, recently , Georgia, Florida, Hawaii, Wisconsin, Illinois, Michigan, South Carolina and North Carolina. Devil in the details.
Michigan offers progressively better discounts for progressively prompter payment. Colorado, Mississippi, Nevada, Ohio and Louisiana are among states offering a discount for prompt payment; Arizona gives a better discount for e-filers; Florida and South Carolina offer both.
Other states doing well with tax on marijuana include Oregon, Nevada, Massachusetts, Illinois, and Michigan. And Colorado raked in $362 million in marijuana taxes in 2020, a 30% jump from 2019. While states are alike in seeing great revenue growth, there is a complex maze of not just sales taxes that apply but other excise taxes as well.
Brad Shaw “Expanding into a new market like Michigan is a pivotal step for our firm,” Brad Shaw, managing director of Blue & Co., is an independent accounting and advisory firm with more than 500 people in now 11 offices across Indiana, Ohio, Michigan, and Kentucky. Carmel, IN-based Blue & Co. said in a statement.
The athletic department of the University of Michigan , in one case, unveiled its ticket policies for its 2020 football season, noting that there would not be season tickets this year, according to an announcement. There will be no ticket sales to the general public,” the department said in the announcement.
Most recently , Michigan and Minnesota issued guidance on sales and use tax nexus applicable to marketplace facilitators and sellers, clarifying when facilitators have sales tax obligations. Most states now have marketplace facilitator laws, though definitions of a “marketplace facilitator” vary almost as much as do states’ sales tax laws.
This transaction supports our ongoing expansion efforts to better serve the Michigan market,” said Chad Anschuetz, managing shareholder and chairman of Troy, MI-based Doeren Mayhew, in a statement. million during its most recent fiscal year, has eight offices in four states: Florida, Michigan, North Carolina, and Texas.
Michigan is waving penalty and interest for the late reporting or late payment of sales, use and withholding tax for any non-accelerated return or payment due on Jan. Massachusetts has extended relief for companies with staff working remotely in the staff due to the pandemic.
Troy, MI-based accounting firm Gordon Advisors is combining with fellow Troy-based practice The Henry Group in a move that expands Gordon's capabilities and enhances its depth of expertise.
The out-of-state seller has nexus with the State of Michigan beginning on the day of second contact – February 15th – forward. The seller must file appropriate use tax returns for the remainder of the month of February and the next succeeding 11 months."
UHY, a Top 50 Firm based in Farmington Hills, Michigan, has received private equity funding from Summit Partners, a Boston-based investment firm, the latest in a long line of accounting firms receiving PE financing.
Even then, however, such states as Massachusetts, Michigan, South Carolina and Maryland were among those continuing to extend filing and sales tax payment relief that had started during the pandemic. Illinois, on Jan. About this time, Maryland started popping up in the news for spearheading a new effort in sales tax.
Top 200 accounting firm Yeo & Yeo CPAs & Advisors has expanded its presence in the Southeast Michigan region by combining with Bloomfield Hills-based firm Berger, Ghersi & LaDuke (BGL), effective July 1. As part of the deal, BGL partners Alan LaDuke, David Berger, and Jim McAuliffe have joined Yeo & Yeo’s principal group.
Due to severe storms in August 2023, individuals and business taxpayers in some Michigan counties have until June 17, 2024, to file various federal individual and business tax returns and make tax payments, the the Internal Revenue Service has announced. 24, 2023, through June 17, 2024 (postponement period).
Michigan has added a definition of “food sold with eating utensils provided by the seller” for purposes of sales and use taxation of prepared food. Also in the state, an oncology company wasn’t entitled to a Michigan use tax exemption for its purchases of materials.
Massachusetts joins such states as Minnesota , Ohio , Pennsylvania and Michigan with accelerated tax payment programs. Why now in the Bay State? The FY21 budget modernizes the timeline for sales tax remittance and collection, which has not been significantly updated in decades,” the office of Gov.
with Maryland and Virginia) West Virginia (with Kentucky, Maryland, Ohio, Pennsylvania, and Virginia) Wisconsin (with Illinois, Indiana, Kentucky, and Michigan) Paying payroll taxes can be a daunting task for business owners, but with expert advice and guidance from their CPAs, it becomes more manageable. and West Virginia) Washington, D.C.
Several, like Michigan, are trying to assemble state-level policies. The question is, what’s the currency worth and how do states recognize its value? Accounting and consulting firm BDO has an excellent article on this.). Most states have issued little or no sales tax guidance regarding crypto.
Similar new pathways to licensure are also being explored or pursued legislatively in many of our neighboring states, including Michigan, Missouri, and Wisconsin. Instead, this legislation establishes two additional pathways to obtain a CPA license in Illinois, explains ICPAS President and CEO Geoffrey Brown, CAE.
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