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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
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
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
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.