Newsletters & Publications
The current prolonged downturn of the Chinese economy is the worst experienced by any of today’s Chinese business managers.
Did you know you can form a valid contract for the sale of goods without ever discussing the price?
Property tax exemptions can have a big impact on local communities. Exempt properties do
not generate tax revenue for local units or tax-sharing units (such as schools and libraries), but exempt properties still use tax-funded services, like police and fire protection. An increase in tax-exempt properties can, in turn, increase the strain on local budgets.
The IRS has made changes to the process for amending and receiving approval for qualified retirement plans like 401(k) plans. The changes affected both "individually designed plans" and "pre-approved plans".
On December 22, 2017, the President signed into law the "Tax Cuts and Jobs Act" commonly referred to as "Tax Reform."
H.R.1, described as the “Tax Cuts and Jobs Act” (the “Act”) and commonly referred to as "Tax Reform", was signed into law by the President on December 22, 2017.
As Americans become ever more reliant upon the Internet to obtain information and perform everyday tasks, companies' websites are increasingly being scrutinized to determine whether they are accessible to people with disabilities.
Following fierce debate, extensive negotiations, and votes - then re-votes - in Congress, on December 20, 2017, the U.S. Senate and U.S. House of Representatives approved the Tax Cuts and Jobs Act (“Tax Reform”), and sent a final bill to President Trump for his signature.
After many months of new releases and public discussion of the Court of Appeals’ "big box" decision in Menard Inc. v City of Escanaba, 315 Mich App 512 (2016), the Michigan Supreme Court ended some of the speculation on October 20, 2017 by determining not to hear Menard Inc.’s appeal.
Property tax revenue is the most important source of funds for operations in most Michigan municipalities. It generates billions of dollars a year to pay for things like schools, public safety departments, transportation, infrastructure, and governance for local residents and businesses.
With the increased interest over the creation of wind energy conversion facilities in Michigan, townships throughout the state are being required to make decisions regarding land use and zoning of such facilities within their jurisdictions.
Meet with your tax advisors
There may be last minute planning possibilities for 2017. Be proactive. Consult with your tax advisors while you still have time to act in 2017.
I was sent to Singapore to fix a US Fortune 500’s businesses in Asia. The Chinese business, in particular, was losing money, and had failed to make any significant inroads into the market.
No one enters into a contract expecting it to go sour, but sometimes they do. While it is not possible at the time of contracting to anticipate and avoid every potential risk, strategies exist to help minimize exposure and avoid costs down the road.
Employees and employers are often of the mistaken belief that an employee cannot be fired while on Family and Medical Leave Act (“FMLA”) leave. The truth is that an employee on FMLA leave can be fired, but employers need to be very thoughtful and diligent when taking such action because terminating an employee on FMLA often invites litigation.
In an Order dated October 20, 2017, the Michigan Supreme Court denied an application for leave to appeal filed by Menard, Inc. in a closely watched “dark store” property tax appeal.
When doing business overseas, people often become so entangled in the language and cultural differences, they forget about all of the fundamental business similarities. When it comes down to signing new distribution, for example, it is pretty much the same all over the world.
A “firm offer" is an offer to buy or sell goods at a certain price that is guaranteed not to change for a certain period of time.
The article discusses the trio of church plan cases decided by the U.S. Supreme Court regarding whether plans that were established and maintained by a religiously-affiliated hospital, but not a church, were permitted to use the exemption.
Two weeks after one of the largest data breaches in history was announced, Equifax has come under fire for its breach response.
Credit reporting agency Equifax announced that the personal information for over a 140 million U.S. consumers was potentially compromised.
The Internal Revenue Service ("IRS") issued Revenue Procedure 2017-13 ("Rev. Proc. 2017-13"), which provides updated safe harbors from private business use for management contracts. Rev. Proc. 2017-13 clarifies, modifies, amplifies, and supersedes certain provisions of Revenue Procedure 2016-44 ("Rev. Proc. 2016-44").
In our last installment of the UCC Corner, we questioned whether parties can form binding contracts if many of the terms of their written communications are inconsistent. We learned that the answer to that question is generally “yes.”
It's 4:00 p.m. on a Friday afternoon when I receive a call from a company 's legal director. The director tells me that a company executive was traveling when the executive received an urgent email that appeared to be from the company's CEO, asking for a document containing sensitive information of all the organization's employees. After forwarding the requested document, the executive realized that the email was not from the CEO's email address, but from a similar address- now a criminal holds sensitive information.
Across the state of Michigan, local property tax revenue is being drained by the property tax appeals filed by "Big Box" retail stores.
In October and November of 1992, an insurance company called AXA Equitable Life Insurance Company issued a health insurance policy that provided coverage for certain individuals. The U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”), later in 2009, added parties to the list of Specially Designated Nationals and Blocked Persons (the “SDN List”).
While most businesses and business owners have developed a healthy fear of IRS tax audits, the U.S. Department of Labor's (DOL) authority to audit 401(k) plans has not drawn the same attention. For the sake of your small business, and your personal finances, this lack of awareness of the DOL's 401(k) money grab must change immediately!
With the proliferation of online home rental resources like Airbnb and HomeAway, the business of renting homes on a short-term basis has grown significantly in Michigan and other states across the country.
Over the last decade, social media has evolved from a fun distraction for young people, to a pervasive part of people’s lives - regardless of age.