Michigan Passes Self-Driving Regulations

PYMNTS

9), Michigan became the first state in the union to pass statewide, comprehensive self-driving vehicle regulations that allow autonomous vehicles to drive … well, autonomously. Michigan, the legacy home of the nation’s auto industry, now leads the nation in autonomous vehicle policy, says Recode — ahead of Florida, California and a few others with some current legislation. As of now, only motor vehicle manufacturers can operate self-driving car networks in Michigan.

Michigan Gov Whitmer Extends SNAP Use To Local Restaurants, Shops

PYMNTS

The program authorizes the Michigan Liquor Control Commission (MLCC) to offer a spirits cash buyback to liquor licensees whose businesses have been affected by executive orders relating to the pandemic. Coronavirus michigan News Restaurants Snap stimulus What's Hot

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Coronavirus Refunds: Michigan Tells Auto Insurers To Offer Reimbursements, Waivers

PYMNTS

And Michigan is asking insurance companies to provide reimbursements or waivers to auto insurance policyholders. Coronavirus Auto Insurance Gretchen Whitmer insurance rates michigan News pandemic

Unemployment Fraud In Michigan Could Bump Legit Jobless Claims

PYMNTS

Unemployed Michigan residents ought to be wary of a scam in which fraudsters are using stolen personal information to apply for unemployment benefits, according to Michigan-based news site MLive.com. Michigan has reported 1.65

Coronavirus Refunds: Michigan Blue Cross Blue Shield Refunds $100M As Lockdown Slashes Medical Claims

PYMNTS

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. Healthcare Blue Care Network Blue Cross Blue Shield of Michigan Insurance News refunds What is Healthcare

Michigan University’s Consumer Survey Shows Continued Economic Rebound 

PYMNTS

1-10 survey of American consumers by the University of Michigan show an unexpected upturn, with respondents anticipating larger income gains and lower inflation during the year ahead, the University of Michigan reported on Friday (Oct. The Michigan Consumer Sentiment Index (MCSI) — conducted monthly by the University of Michigan — shows that most households anticipate that the U.S. The preliminary results of an Oct.

Coronavirus Refunds: University Of Michigan Provides Reimbursement, Credit And Donation Options To Season Ticket Holders

PYMNTS

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.

Giving The Gift Of Michigan With Curated Boxes

PYMNTS

It’s all “nice, local, Michigan-made food products,” Founder Cory Wright told PYMNTS in an interview. The big draw, Wright said, is that someone has to have some type of allegiance to Michigan. Mitten Crate has also found that college students attending University of Michigan may have developed an allegiance to the state, and may want to share local gifts with their families. Retail ecommerce gift boxes gifts michigan Mitten Crate News subscriptions

US Senators Press For Cash Airline Refunds; Michigan To Provide Season Ticket Refunds

PYMNTS

The University of Michigan will give a complete refund to season ticket holders in case the college football season is called off because of the coronavirus crisis, All About Ann Arbor reported. Coronavirus airline COVID-19 michigan News refunds season tickets sports tickets

How will the $2 billion bond issuance by the University of Michigan impact its balance sheet?

Wendy Tietz

The University of Michigan issued $2 billion in bonds in March 2022. The proceeds from these bonds will be used to finance construction and renovation projects on the campus. billion was issued as century bonds, which must be repaid in 100 years. This century bond issuance is the largest century issuance in the higher […].

Michigan Approves Charter For First LGBT Credit Union

PYMNTS

Michigan has approved a charter for a new financial institution designed for LGBT customers. We’ve been working with, and will continue to work with, the community to improve economic equality by removing the risks of intolerance and discrimination in banking services that continue to plague the community in different forms … We are extremely appreciative to the Michigan DIFS for its efforts on our application and the signing of the executive order to form Superbia Credit Union.”.

Horvath to Speak at Michigan Association of CPAs Nonprofit Conference

Katz,Sapper&Miller

Amanda Horvath, director in Katz, Sapper & Miller’s Not-for-Profit Services Group, will present at the upcoming Michigan Association of Certified Public Accountants (MICPA) Nonprofit Conference

Partners Against Crime: Visa Leads Effort To Fight Fraud With New Dynamic CVV Codes

PYMNTS

That’s one of the takeaways from a recent PYMNTS panel discussion with Visa ’s Director of Global Chip Product Tom Rapkoch , Keyno CEO Robert Steinman and Assistant Vice President of Digital Strategy and Innovation at Michigan State University Federal Credit Union Ben Maxim.

Consumer Sentiment Index Rises To 78.9 In September

PYMNTS

The University of Michigan Survey of Consumers reported that its Index of Consumer Sentiment registered a 78.9 Economy Coronavirus economy News University of Michigan What's Hotresult for September 2020 based on preliminary data, up from 74.1

Higher Education Eyes Freezing Tuition

PYMNTS

It isn’t alone — Delaware Valley University in Pennsylvania, Kansas City University and Central Michigan University are also considering similarly unchanged rates in order to offer an olive branch to students and families struggling due to the virus and the costly rates of higher education.

Consumer Optimism Up; Coronavirus Fears Persist

PYMNTS

consumers, according to data from a University of Michigan consumer survey released Friday (June 12). The turnaround is largely due to renewed gains in employment, with more consumers expecting declines in the jobless rate than in any other time in the long history of the Michigan surveys.”.

Consumer Sentiment Index Drops To 71.8 In April

PYMNTS

As individuals consider COVID-19 and the potential of the economy reopening again, American consumer sentiment dropped for the third consecutive month per University of Michigan data. The University of Michigan Consumer Sentiment Index fell to 89.1

Group Hits 3 Universities, Demands Bitcoin Payments

PYMNTS

Before that, the group claimed to have attacked Michigan State University and Columbia College of Chicago, in a dark web blog accessed by Cointelegraph. Three U.S. universities have been the victims of ransomware attacks in the past week, according to Cointelegraph.

US Unemployment Rate Reaches 18-Year Low

PYMNTS

The University of Michigan’s readings , posted on Friday (May 25), showed a dip from a 14-year peak touched this year. Personnel earnings labor market News payroll RBC Capital Markets The University of Michigan unemployment rate What's HotIndicating a tightening labor market, the U.S. unemployment rate dropped to 3.8 percent amid higher-than-expected payroll gains. That decrease brings the unemployment rate to its lowest point in 18 years, Reuters reported. “It’s

Weird Commerce: Sticky Notes, For Those Lightbulbs In The Shower

PYMNTS

weird commerce aqua notes aquanotes ideas michigan sticky notesDespite the dangerous irony, many lightbulbs go off in the shower. “I I am a consummate shower thinker,” said Mark Knudsen, president of AquaNotes , the company responsible for the first sticky notes made for use in wet places. “I I get an inordinate amount of ideas in the shower — many people do — and for years I was looking for some sort of device [there].”.

Episode 067: Craft Beer and Local Food with Corey Lord

BuildYourFirm

Corey graduated from the University of Michigan. He is a licensed CPA in Michigan. Want to know about the craft beer and local wine and food industries? Then don’t miss this episode! Join host Hugh Duffy as he talks with Corey Lord, Lord CPAs.

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Sales Tax and Vitamins/Dietary Supplements

TaxConnex

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. You won’t find too many more confusing sales tax scenarios than the one involving dietary supplements.

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Vendor concessions/discounts can help pay to outsource sales tax obligations

TaxConnex

Michigan offers progressively better discounts for progressively prompter payment. Collecting and remitting sales tax to states and other tax jurisdictions is time consuming and can be expensive. If only somebody could help you with the costs of managing it.

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What’s new in state sales and use taxes

TaxConnex

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. There’s always something changing in the world of tax, especially sales tax.

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End of the Year Sales Tax Updates to be Aware of as You Start 2022

TaxConnex

Michigan has updated its guidance on the sales and use tax nexus standards for remote sellers. There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. State updates. Kansas Gov.

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What's New in State Sales and Use Taxes

TaxConnex

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.

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What’s new for state sales and use taxes

TaxConnex

Michigan lawmakers have shot down proposals that would have exempted diapers and similar products from the state sales tax. There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Give us a break.

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Marketplace Facilitators Create Their Own Sales Tax Obligations

TaxConnex

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. Amazon, eBay and Etsy are more than household names.

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Massachusetts Enacts Provision for Accelerated Sales Tax Remittance

TaxConnex

Massachusetts joins such states as Minnesota , Ohio , Pennsylvania and Michigan with accelerated tax payment programs. Massachusetts has joined the ranks of states that have provisions for accelerated remittance of sales tax. What does this mean for online companies that sell into that state?

Crypto, NFTs and sales tax: What we know so far

TaxConnex

Several, like Michigan, are trying to assemble state-level policies. Sales tax has a universe of changing conditions. Now we can add more: cryptocurrency (such as bitcoin) and what seems to be its cousin, non-fungible tokens (NFTs).

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Flinchum and Manchir to Discuss ESOP Tax, Accounting, and Valuation Practices at Annual Great Lakes Regional ESOP Conference

Katz,Sapper&Miller

17-18 in Sandusky, OH, the conference brings together the Indiana, Michigan, Ohio, and Kentucky chapters of The ESOP Association to discuss current topics pertinent to the ESOP community Katz, Sapper & Miller’s Mark Flinchum and Andy Manchir will present at the Fifth Annual Great Lakes Regional ESOP Conference. Taking place Oct.

Impacts of using a marketplace facilitator

TaxConnex

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. Online sellers hear an endless amount these days about “marketplace facilitators.” What are they?

2021: The Year in Review – Sales Tax

TaxConnex

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. The whole world pinballed throughout a pandemic the last two years and continues to do so.

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Manchir to Discuss ESOP Feasibility at Great Lakes Regional ESOP Conference

Katz,Sapper&Miller

18-19 in Sandusky, Ohio, the conference will bring together the Indiana, Michigan, and Ohio/Kentucky chapters to discuss current topics pertinent to the ESOP community Andy Manchir, director in Katz, Sapper & Miller’s ESOP Services Group, will present at the 4th Annual Great Lakes Regional ESOP Conference. Taking place on Oct.

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Legalization and Taxation of Cannabis

TaxConnex

Other states doing well with tax on marijuana include Oregon, Nevada, Massachusetts, Illinois, and Michigan. Legalization of cannabis and how it would be taxed has been a discussion for many years.

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Sales and Use Tax in 2020: A Look Back

TaxConnex

Georgia, Louisiana, and Michigan required marketplace facilitators to collect and remit sales tax. Texas and Idaho reported bumps in sales tax revenue, and in Michigan a new law passed just shortly before the pandemic shutdown made it easier to collect sales tax from more online transactions.

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State Benefiting from Economic Nexus During the Pandemic

TaxConnex

Michigan media reports that its state legislators made a good move at a good time regarding nexus and sales tax obligations: Gov.

What's New in State Sales and Use Taxes - Monthly Update

TaxConnex

Michigan has provided sales and use tax nexus guidance applicable to marketplace facilitators and sellers. There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Oh Joy, oh revenue!

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HHS Chart Summarizes Applicability of State and Other Surprise Billing IDR Processes

ThomsonReuters

The state process applies in four states (Alaska, Georgia, Maine, and Michigan). Chart for Determining the Applicability for the Federal Independent Dispute Resolution (IDR) Process. Available at [link].

Ten Lucrative Side Hustle Ideas for Big 4 Accountants

Going Concern

Those of you in California, Connecticut, Hawaii, Iowa, Maine, Massachusetts, Michigan, New York, Oregon, and Vermont should pay special attention to this part.

On-Demand Webinar: 2022 Perspective: Current Environment and Thoughts for the Future

Withum

in Economics from Michigan State University and a B.A. Withum Wealth Management and Pinnacle Associates welcomes you to a fireside chat with guest Dr. David Kelly, Chief Global Strategist and Head of the Global Market Insights Strategy Team for J.P. Morgan.

State Sales and Use Tax Update

TaxConnex

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. There’s always something changing or new going on in the world of tax, especially sales tax.

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US Spending Slows, Consumer Sentiment Hits Record Low

PYMNTS

The University of Michigan Consumer Sentiment Index dropped to 89.1 The University of Michigan said it would drop further due to higher unemployment and less household income. Consumer sentiment in the U.S.