MRPR Blog
SELECT A CATEGORY
From the Past to the Future: Insights from the MRPR Team (Part 5)
2025 is officially here, which means we’ve wrapped up our 50th year as an accounting firm! From start to finish, we’ve enjoyed reflecting on the last 50 years and celebrating this milestone with our team and our clients. In our last installment of our From the Past to the Future series, hear from our team members on why they and
Here We Go Again… BOI UPDATE
On December 26, 2024, a federal appeals court reinstated a nationwide injunction halting enforcement of Beneficial Ownership Information (BOI) reporting requirements, reversing an order the same court issued earlier this week. Currently, BOI reporting is Voluntary Submission Only. The following is a timeline of events as they currently have taken place in the last month: December 3 – The U.S.
LATEST NEWS: BOI FILING DEADLINES – UPDATED
As a result of a December 23, 2024, federal Court of Appeals decision, reporting companies are once again required to file beneficial ownership information with FinCEN. The Department of the Treasury recognizes that reporting companies may need additional time to comply and have provided filing relief. Visit FinCen (https://fincen.gov/boi) for the most recent Alert on reporting deadline extension dates. Author:
Beneficial Ownership Information Reporting – Update
On Tuesday, Dec. 3, 2024, a Federal district court issued a decision (Texas Top Cop Shop, Inc. v. Garland) that found that the CTA is likely unconstitutional. The decision includes an injunction, which applies nationally, prohibiting the enforcement of the CTA and the BOI reporting rule. Although FinCEN is barred from enforcing BOI filing requirements while the case is pending,
Tax Credit Bills Passed by Michigan House for Qualifying R&D Expenses
On November 14th, Michigan House Bills 5100-5101 were passed by the Michigan House and are waiting for Governor Whitmer to sign. The bills passed will give tax credits for businesses that are eligible for qualifying R&D expenses. The Michigan tax credit will adopt the federal income tax definition of qualifying R&D expenses. At this time, there is no timeline for
From the Past to the Future: Insights from the MRPR Team (Part 4)
As 2025 approaches, MRPR reflects on a year of celebration and gratitude as we mark our 50th Anniversary. This milestone has given us the opportunity to look back on the many achievements and memorable moments shared with our clients and team members. The memories from the past serve as a powerful reminder of what we’ve accomplished—and what we can achieve