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Michigan Senate Passes R&D Tax Credit Legislation

Withum

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.

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Judge Rules on Michigan Income Tax Cut

CPA Practice

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.

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Marcum Acquires Michigan Accounting Firm Croskey Lanni PC

CPA Practice

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.”

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UHY Branches Out in Michigan Via Merger

CPA Practice

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.

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Michigan Expects $9B Budget Surplus, May Cut Income Taxes

CPA Practice

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.

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Wipfli Merges In Michigan CPA Firm Clayton & McKervey

CPA Practice

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.

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Wipfli Acquires Michigan-Based Consulting Firm Harbour Results

CPA Practice

We’re also excited to deepen Wipfli’s ties in Michigan. Kurt Gresens Kurt Gresens, managing partner of Wipfli, said the deal furthers the Milwaukee-based firm’s strategic growth priorities. We’re looking forward to expanding our client base—and services—in manufacturing,” he said in a statement.