This article summarizes some of the key provisions of the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venue Act (the “Act”) that impact all PPP loans, as well as those related specifically to second PPP loans.
Taxpayers who filed as, or were included as a member of, a unitary business group could qualify for a refund following a decision by the Michigan Court of Appeals that the Michigan Supreme Court chose to let stand on January […]
A local Veteran who served in the Navy more than 60 years ago is being wrongfully denied a Michigan property tax exemption. “The law passed in 2013 is clear,” said Fraser Trebilcock attorney Paul McCord.
On September 29, 2015, the Michigan Court of Appeals in Gillette Commercial Operations v Dep’t of Treasury, No 325258 (consolidated with about 50 other cases), held that Michigan’s retroactive repeal of the Multistate Tax Compact (MTC) to avoid paying $1.1 billion […]
UPDATE (10/13): On Monday, October 12, 2020, the Michigan Supreme Court issued an Order in Michigan House of Representative and Senate v Governor, reversing the lower Court of Appeal decision in that case which upheld the Governor’s source of emergency […]
On Saturday, the President issued an executive order to defer the withholding, deposit, and payment of certain payroll taxes paid from September 1st through December 31, 2020, although the President indicated that it could end up being applied retroactive to […]
On July 29, 2020, the Governor signed Executive Orders 2020-160 and 2020-161, amending Michigan’s Safe Start Order and issuing revised workplace safeguards. Starting July 31, 2020, statewide indoor gatherings will be limited to 10 people and certain bars will be […]
On July 17 2020, the Michigan Supreme Court ruled in Rafaeli, LLC v Oakland County (the “County”) that the proceeds for a tax sale in excess of the tax owed must be returned to the taxpayer. The ruling stems from […]
On Friday morning the President signed into law the Flexibility Act (the “Act”) making significant changes to the forgiveness portion of the Paycheck Protection Program (PPP). These changes will triple the time allotted for small businesses and other PPP loan […]