Tag: employers

Obligation Assessment for Michigan employers comes to an end

In 2020, Michigan employers will no longer see an Obligation Assessment (OA) on their tax rate notice thanks to the early payoff of federal bonds issued in 2012. In 2012, the Unemployment Insurance Agency (UIA), in partnership with the Michigan...

Can partners concurrently be employees?

Question:     Can a partner in a business, for tax purposes, also be an employee? Answer:        A partner CANNOT be an employee of the partnership. This conclusion is per the following: a) I.R.S. Revenue Ruling 69-184...

Tax credit can help employers hiring new workers

With many businesses facing a tight job market, the IRS is reminding employers to check out a valuable tax credit available to them for hiring long-term unemployment recipients and other categories of workers with employment barriers. The Work Opportunity Tax...