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MRPR is Named to 2025 Best Places to Work List
For the ninth year, MRPR has been recognized by Crain’s Detroit Business as one of the Best Places to Work in Southeast Michigan! This prestigious list is compiled through a comprehensive, research-driven process that evaluates company practices, programs, and benefits, alongside direct feedback from our employees.
OBBBA and Employer Responsibilities: Preparing for New Tip and Overtime Deductions
The One Big Beautiful Bill Act (OBBBA) introduces significant new deductions for workers beginning in tax year 2025: A deduction of up to $25,000 for qualified tips in certain occupations A deduction of up to $12,500 ($25,000 for joint filers) for the overtime premium portion of pay While these benefits are welcome for employees, the way they are being rolled
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
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
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
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.