MRPR Blog

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Tax Credit Bills Passed by Michigan House for Qualifying R&D Expenses

UPDATE: On January 13, 2025, Governor Gretchen Whitmer officially signed into law House Bill 5100 and House Bill 5101, establishing Public Act 187 of 2024 and Public Act 188 of 2024, respectively. These measures solidify the creation of new tax credits for qualifying research and development expenses, aligning Michigan’s tax code more closely with federal standards and aiming to incentivize
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The One Big Beautiful Bill (OBBB): A Rundown for 2025

After a tumultuous review by both the House and the Senate, Congress passed the One Big Beautiful Bill (OBBB) on July 3rd, with the President immediately signing it into legislation on the July 4, 2025 holiday. The bill was paramount to enacting several of the campaign promises made by Trump and “fixing” many of the provisions from the Tax Cuts
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President Trump Signs the One Big Beautiful Bill

On Friday, July 4, 2025, President Trump signed the One Big Beautiful Bill Act into law, cementing many key provisions of the 2017 Tax Cuts and Jobs Act (TCJA) well ahead of their scheduled expiration. The sweeping Republican tax legislation, which passed narrowly in the House after clearing the Senate, permanently reduces individual tax rates, expands the standard deduction, boosts

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Does Your 401(k) Plan Require an Audit? Here’s What You Need to Know

As a business grows and its retirement plan matures, the question often arises: “Do we need a 401(k) audit?” The answer depends on a few key factors, including the number of participants in your plan and specific IRS and Department of Labor (DOL) regulations.
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Passing The Mic To Our Interns: Inside MRPR

Internships provide young professionals with valuable insight into the business world beyond the classroom. Today’s interns seek inclusive environments and meaningful, hands-on experience. They’re not just here to take notes or fetch coffee—they’re here to learn and grow. That’s why we’ve designed our internship program to closely mirror the responsibilities of an entry-level accountant at our firm. Interns gain exposure
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UPDATE: MI Earned Sick Time Act (ESTA)

Today, February 21, Governor Whitmer signed Michigan’s Earned Sick Time Act “ESTA” into law. The amended law provides the clarity employers were seeking as they implement ESTA standards within their organization. Some of the amended changes include, but is not limited to: clarity on workers who are exempt; changes to the maximum hours required and implementation date for small businesses