The posts could broaden and enrich your knowledge of a tax policy, regulations and common senses in finance. Please visit our blog to see all.

Sales, Use, and Withholding Taxes 2022: Summary of Changes

In January 2022, the Michigan Department of Treasury will begin to process current-year Sales, Use, and Withholding (SUW) tax returns with a new online system. As a result of this new processing system, there will be changes to the SUW forms and to the way taxpayers can file and make payments for tax year 2022 […]

Unemployment Insurance Glossary

Alternate Base Period The last 4 completed calendar quarters before the first day of an individual’s benefit year. It is used only if an individual has insufficient wages to establish a benefit year using the standard base period. Base Period (BP) A period of 4 consecutive completed calendar quarters where wages earned are considered to […]

Michigan UIA Late Filing Penalty

Late 1028s Mean Penalties New Wage Detail Penalty Amounts Section 54(c)(2) of the Michigan Employment Security (MES) Act, provides for late penalties and non-filing penalties for the wage detail report information.  Beginning with the quarter ending September 30, 2012, the wage detail report penalties will be charged as follows:  – A $50.00 penalty will be charged […]

Michigan Minimum Wages

Michigan’s Minimum Wage Set to Increase on January 1, 2022 December 2, 2021 Media Contact: Austin Fox, 517-526-2632 Michigan’s minimum wage rate will increase to $9.87 on January 1, 2022, an increase from the current $9.65. Michigan’s Improved Workforce Opportunity Wage Act of 2018 establishes the annual schedule and increases. The Michigan Wage & Hour Division announced that while […]