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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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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. In order to participate in the SNAP program, bars and restaurants have to register with the Michigan Department of Health and Human Services.

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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

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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. As of now, only motor vehicle manufacturers can operate self-driving car networks in Michigan. On Friday of last week (Dec.

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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. Michigan vehicle insurance firms have about more than a week to create plans for providing their customers with premium waivers or reimbursements because of the COVID-19 health crisis, ABC12 reported Tuesday (June 2).

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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. Overall, Wright said, the company’s mission is simple: to make it as easy as possible for people to give the gift of Michigan.

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Going Concern Value, Liquidation Value or Somewhere in Between

RogerRossmeisl

But it also may be relevant in other situations, as a recent Michigan Court of Appeals case demonstrates. When a company is “worth more dead than alive” — such as in a Chapter 7 bankruptcy filing — liquidation value is typically the appropriate premise of value.

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