As the end of the year and tax season approach, we'd like to take a moment to remind our business clients about some important changes and deadlines on the horizon:
- Payroll taxes must be withheld from any bonuses issued to employees. Call us if you need assistance with this.
- Michigan's minimum wage increases to $8.90 per hour, effective January 1st, 2017. Tipped employees' minimum wage will be $3.38 per hour.
- We will process any necessary W2s and 1099s for your business and mail them to you in advance of the January 31st, 2017 due date for distribution to your employees.
- You may receive a personal property tax statement from your city. If you do, please forward these statements to us as soon as possible, as personal property tax returns are due in February of 2017.