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Gov. Gretchen Whitmer recently signed Senate Bill 464 into law, creating the Financial Exploitation Prevention Act. The law requires that financial institutions, including banks and credit unions, have a policy and train employees to detect and repor…

Real property owners in Michigan may wonder what impact COVID-19 has had on their property tax assessments. According to the Tax Policy Center, past pandemics have caused housing prices to decline, although not to the same low as income and sales tax…

Early last month, the Equal Employment Opportunity Commission (EEOC) put forward proposed rules designed to clarify the breadth of incentives business owners may offer employees though employer-sponsored wellness programs without violating the Americ…

The Michigan Department of Health and Human Services’ (MDHHS) latest epidemic order goes into effect today, Feb. 1. The order allows for indoor dining at restaurants with certain requirements; concessions at casinos, movie theaters, and stadiums; p…

Last year, President Trump signed the Internet of Things Cybersecurity Act of 2020 into law. The mandate aims to improve cybersecurity for government owned or controlled Internet of Things (IoT) devices. Generally, IoT devices are nonstandard computi…

A law, signed into effect in October of 2020, amends the Commercial Rehabilitation Act and the Commercial Redevelopment Act so that the granting of property tax abatements for qualified businesses continues through Dec. 31, 2025. Commercial Rehabilit…

You may be years away from the transferring of your business to the next generation. Advanced planning provides you with more options and flexibility, resulting in a greater likelihood of your business’s continued prosperity and the preservatio…

The Small Business Administration’s (SBA) Paycheck Protection Program (PPP) reopens this week for new borrowers and certain existing PPP businesses. Starting today, Jan. 11, community financial institutions will be able to make First Draw PPP Loans…