Michigan Tax Penalty Calculator Made Easy, By Nerds
Quickly estimate late fees with the Michigan tax penalty calculator. Avoid surprises and learn key deadlines for state and city taxes.
1099-C and Auto Loans – What Happens Next?
Learn what to do if you get a 1099-C for an auto loan in Macomb & Oakland counties. Learn how they impact your credit.
Accounting Help for Nonprofits Simplified
Get accounting help for nonprofits in Michigan. Boost transparency, meet compliance, and empower your mission with expert local guidance.
What is the Penalty for Filing Taxes Late?
When it comes to taxes, timing is everything. Whether you’re a small business owner, self-employed, or an individual taxpayer, missing the tax filing deadline can lead to unwanted financial consequences. At CPA Nerds, we regularly get asked: “What happens if I file my taxes late?” In this article, we break down the potential penalties, interest …
Update on Court’s Decision on the Corporate Transparency Act Explained
Breaking Down the CTA Ruling Corporate Transparency Act Update March 3rd, 2025 – And the beat goes on….and on…. Great news for business owners and accountants! The Treasury Department just dropped a game-changing announcement: No more penalties or fines for U.S. businesses under the Corporate Transparency Act’s beneficial ownership reporting rules—now or after the upcoming …
Where’s My Michigan Tax Refund? What To Expect After Filing Taxes
Tax season can be confusing at the best of times, especially when awaiting your Michigan state tax refund. Understanding how the refund process works and what to expect can help ease concerns and set realistic expectations. If you’re wondering where your Michigan tax refund is, how long it will take to receive it, and …
Amended Earned Sick Time Act and Minimum Wage Laws
Sourced from the American Society of Employers‘ newsletter. On Thursday, February 20, 2025, just before the Earned Sick Time Act and Minimum Wage Act (ESTA) were to take effect, the Michigan Legislature amended the two laws. The Governor is expected to sign these amendments into law soon. The following are the amendments to these laws. …
What Is The Earned Sick Time Act (ESTA) in Michigan?
Michigan’s Earned Sick Time Act (ESTA) is set to take effect on February 21, 2025, introducing significant changes to employee sick leave entitlements across the state. This article delves into the specifics of ESTA, its legislative journey, and its implications for both employers and employees. What Is The Earned Sick Time Act? The Earned Sick …
Tax Dates 2025: New Tax Updates & Deadlines
Tax season is here again! Staying on top of important dates and updates is essential to avoid late fees and ensure you don’t miss out on tax benefits. Let’s go over what you need to know for 2025. Key Tax Dates for 2025 Welcome to the CPA Nerd’s ultimate guide to the essential tax dates …
Beneficial Ownership Reporting: What Business Owners Need to Know
February 2025 Update: Corporate Transparency Act reporting requirements back in effect Following the U.S. District Court for the Eastern District of Texas ruling on February 18, 2025, in Smith, et al. v. U.S. Department of the Treasury, et al., 6:24-cv-00336 (E.D. Tex.), the beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA) …