LANSING – Michigan small business owners have serious concerns about the state and national economy, according to responses and data compiled through the Small Business Association of Michigan’s (SBAM) quarterly survey. At the same time, Michigan small businesses are looking out for their employees, with sixty-seven percent reporting they’ve increased wages over the last year to
LANSING – Michigan Latest News: $15 Minimum Wage Ballot Proposal 2024 Blocked by Michigan Supreme Court. The Michigan Supreme Court recently made a big decision about a proposal called Raise the Wage Michigan. Consequently, in a significant ruling, the Michigan Supreme Court has decided that the $15 minimum Wage Michigan ballot proposal will not be
LANSING - The US Department of Labor is changing the standards under which an individual can be treated as an Independent Contractor, effective March 11, 2024. It is important that any business paying individuals as Independent Contractors review those arrangements to ensure compliance with this final rule under the Fair Labor Standards Act. In the
LANSING - Artificial intelligence is coming at a fast and furious pace. Employers have to strategize the impact of AI on its operations. A study from researchers at Stanford University and MIT indicate that AI platforms such as ChatGPT could make workers more productive faster, meaning that certain skills, such as customer service positions, could
LANSING - You will deal with two various tax forms when recruiting employees: 1099s and W-2s. When you hire an independent contractor, you must file a 1099 form to report payments, and employees who had payroll taxes deducted from their compensation must file a W-2 form. 1099 vs. W-2 Workers Regarding taxes and IRS requirements,
WASHINGTON — The Department of the Treasury and the Internal Revenue Service issued final regulations amending the rules for filing returns and other documents electronically (e-file). These regulations will require certain filers to e-file beginning in 2024. T.D. 9972 affects filers of partnership returns, corporate income tax returns, unrelated business income tax returns, withholding tax returns,
LANSING - Gov. Gretchen Whitmer’s tax reform plan passed the Senate on a party line 20-17 vote, but the measure didn’t receive the two-thirds support needed to make it go into effect immediately, which throws the future of the measure into question. Despite the bill being passed, it stayed in the Senate Thursday, since the
LANSING - Gov. Gretchen Whitmer signed an executive order last Wednesday creating the Michigan Center for Data and Analytics in the Department of Technology, Management, and Budget. The new department will analyze data and information from all departments and help those departments improve efficiency and determine data- and evidence-based project results. “Whether through studying economic
LANSING - At a time when there isn’t much unanimity on any issue comes a national poll revealing there is agreement that the U.S. Democracy is in danger. In virtually every subsection of the electorate the vast majority are saying yes. The data is from the latest Quinnipiac survey showing that 67 percent of registered
LANSING - Have you heard about the latest workplace trend? It’s called quiet quitting. It’s when an employee makes a decision to no longer go above and beyond, and instead, do the bare minimum as entailed in their job description. Quiet quitting can take the form of turning down projects based on interest, arriving late
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