Many of our readers likely have faced this question in their own businesses so I hope some of you will share your experiences of how you answered this question. In the meantime, here’s my take on it.
Workplace injuries affect approximately 3.7 million workers per year, at a cost to employers of over $170 billion annually. Upon review, many employers will find that the costs associated with workplace injuries have gone up yet again.
While the auto industry has rebounded, the state’s economy also has diversified. The U.S. auto industry sold more cars and trucks in 2015 than during any prior year – General Motors leading with 3.1 million vehicles, Ford 2.6 million, Fiat Chrysler 2.2 million. (GM still ranks third behind Toyota (second) and Volkswagen (first) among the world’s largest automakers.
All told, data suggest the manufacturing industry has broadly turned a corner and jobs in the sector are in high demand. But with political uncertainties on the horizon – such as a potential renegotiation of the North American Free Trade Agreement – America’s goods-producers may not be out of the woods just yet.
If you aren’t already aware of the issue, the Michigan Tax Tribunal (MTT) has historically used comparable sales of vacant structures in assessing the property tax “dark store assessing theory”which kept the property tax in line with the current value of the property. Under House Bill 5578 the legislature is attempting to change that method of determining value to highest and best use of the property when choosing comparables to determine value. This Bill is being sold under the premise of requiring property owners to pay their “Fair” share. My experience has been when the legislature talks fair it is a one way street.
Rising health care costs are a top concern for Michigan manufacturers, which is why MMA has been actively engaged in the fight to eliminate the Health Insurance Claims Assessment (HICA) tax. The Senate Michigan Competitiveness Committee unanimously approved legislation on Wednesday, 5/25/16, to end the anticompetitive HICA tax by 12/31/18 and save businesses over $250 […]
Strategic planning is not just for “big” companies and certainly not for when you are twenty or thirty years into the trip.
Some companies can navigate this “in house” others don’t have the time or resources or experience to dedicate to such a task. Ask yourself this…If time is of the essence is this really a DIY project?
The point is, whether you realize it or not, even if you don’t plan you still have a plan. You just decrease yours odds of reaching your destination.
Amazingly almost 50% of Michigan manufacturers failed to file a form 5278 by 2/22/2016 to claim exemption from the 2016 Personal Property tax. Here is what you can do to take advantage of the extension.