layoffs

Guidance for Employers Considering Layoffs

State Provides Guidance to Employers Contemplating Layoffs Source:  Michigan Department of Labor and Economic Opportunity LANSING, MICH. The Department of Labor and Economic Opportunity today provided guidance to Michigan employers on…
refinance

Is Now the Time to Refinance Your Loan?

Interest rates are dropping in this uncertain business climate in response to the COVID-19 pandemic. Is now the time to refinance your business loan or mortgage? For business loans, what you’re going to be able to find seems to be on a…
Federal income tax relief

The IRS Provides Federal Income Tax Relief

The IRS has provided federal income tax relief for any person with a federal income tax payment due April 15th. Background:   The Treasury Department and the Internal Revenue Service are providing special payment relief to individuals…
tax penalty relief

Tax Penalty Relief for Sales, Use & Withholding Taxes

Tax Penalty Relief: Small businesses in Michigan scheduled to make their monthly sales, use and withholding tax payments on March 20 can postpone filing and payment requirements until April 20. All tax penalties are waived for 30 days, including…
Families First Coronavirus Response Act

The Families First Coronoavirus Response Act

On March 18, 2020, shortly after it was passed in the Senate, President Trump signed H.R. 6201, the Families First Coronavirus Response Act (the “Act”) into law. The new law takes effect on April 2, 2020 and will remain effective until December…