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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
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.
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
Michigan’s Earned Sick Time Act (ESTA)
Michigan’s Earned Sick Time Act (ESTA) is scheduled to go into effect on Friday February 21, 2025. With only two weeks to go, employers are strongly encouraged to stay the course to ensure compliance while also staying alert to upcoming changes that may arise. House Bill 4002 (HB 4002) was previously passed by the House of Representatives but has ways
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 for the most recent Alert on reporting deadline extension dates. Author: