Coprorate Transparency Act (CTA):  

February 19, 2025 UPDATE: Just released-Court upheld filing and updated due date to March 21, 2025. To go to filing portal BOI E-FILING  More information is available on that website. Be aware it is going to be extremely busy with such a short period to file.  Failure to file fine $591 per day up to $10,000 with possible prison time.

UPDATE:  This now has a temporary injuction but will go on to a higher court.  Keep your eye on this! This goes into effect on January 1, 2024.  It is a new federally mandated filing requirement on most corporations, limited liability companys and limited partnerships and certain other business entities.  There are exceptions and additions as you would expect.  I will not be able to file them for you at this time.  Please click thie following link for more information: Beneficial Ownership Information Reporting | FinCEN.gov

Identity Theft: If you have been a victim of tax related identity theft, please check this link from the IRS.  It will help you through the maze of getting this fixed.  http://www.irs.gov/Individuals/Identity-Protection 

IRS Scams:  IRS Scaming has now hit Clinton County. It may be through e-mail, phone or text message. Please be aware that IRS will not call and demand money without first sending a paper bill (usually by registered mail). Please read the article on the IRS Website for more information on what to do if you are called-

https://www.irs.gov/newsroom/security-summit-partners-warn-tax-pros-of-heightened-fraud-activity-as-filing-season-approaches

Michigan minimum wage    Check it out on the Employment Forms and Links page!  LEO - Michigan Minimum Wage Rate 2025 Increase Schedule

Michigan Sick Leave   See frequently asked questions regarding the new required Sick Leave at LEO - Frequently Asked Questions FAQ  

2025 Standard Mileage Rates 

Beginning January 1, 2025, the standard mileage rates for the use of a vehicle will be: 

• .70 cents per mile driven for business purposes - (2024 was .67) 
• .21 cents per mile driven for medical or moving purposes (2024 was .21) 
• .14 cents per mile driven in service of charitable organizations (no change)   IR 2024-312 contains the standard mileage rates for 2025, the amount a taxpayer must use in calculating reductions to basis for depreciation taken under the business standard mileage rate and the maximum standard automobile cost that a taxpayer may use in computing the allowance under a fixed and variable rate plan.