BHT&D Certified Public Accountants Blog

Beth Thomas

Recent Posts

2020 DOL Updates for Michigan Employers Re: Overtime and Payroll

Posted by Beth Thomas on Mon, Feb 03, 2020 @ 12:00 PM

Effective January 1, 2020, the Department of Labor updated the thresholds for workers to be considered exempt from overtime. 

Changes were also made to Form W-4, the Michigan minimum wage and the business mileage rate.  Following is a summary of some of the changes employers should be aware of.

Read More

Tags: Michigan Minimum Wage, Compensation, Overtime, Michigan Employer, Overtime Exemption

2019 Michigan Employer Updates

Posted by Beth Thomas on Wed, Jan 02, 2019 @ 01:00 PM

On Friday, December 14, 2018, Governor Rick Snyder signed revisions to both the Mandatory Paid Medical Leave Act and the Improved Workforce Opportunity Wage Act (minimum wage). These revisions gradually phase in upcoming increases in minimum wage rate and enact mandatory paid sick leave. 

The minimum wage rate will now increase from $9.25 per hour to $9.45 per hour in 2019, with annual increases thereafter up to $12.05 in 2030.  The minimum wage rate for tipped employees will remain at 38% of the hourly minimum wage, increasing to $4.58 per hour by 2030.

Read More

Tags: Payroll, Compensation, Michigan Employer

How Has Michigan's Tipped Employee Minimum Hourly Wage Changed?

Posted by Beth Thomas on Mon, Jan 25, 2016 @ 08:00 AM

Michigan’s minimum wage increased on January 1, 2016 to $8.50 per hour for workers 18 years or older, and to $3.23 per hour for tipped employees.  This increase is part of Public Act 138, the Workforce Opportunity Wage Act, passed May 27, 2014, which gradually increases Michigan’s minimum wage to $9.25 per hour in 2018.

Read More

Tags: Michigan Minimum Wage, Minimum Wage, Small Business

What Can I Do While My Accountant Has My QuickBooks Accountant’s Copy?

Posted by Beth Thomas on Mon, Jan 11, 2016 @ 08:00 AM

One benefit of using QuickBooks to manage your company records, is the Accountant's Copy tool.

You can continue to work in your QuickBooks file while your accountant is working with the Accountant’s Copy.

Read More

Tags: Financial Statement, Small Business Accounting, QuickBooks Tips

QuickBooks - Do I Really Have To Upgrade Every Year?

Posted by Beth Thomas on Mon, Jan 04, 2016 @ 08:00 AM

Every year about this time, Intuit releases its annual upgrade of QuickBooks and starts notifying everyone that they need to upgrade to the new version. 

Read More

Tags: Small Business Accounting, QuickBooks Tips

How Will My Business be Affected by the New Michigan Minimum Wage Law?

Posted by Beth Thomas on Fri, Jun 20, 2014 @ 08:15 AM

A new minimum wage law was signed by Governor Snyder on May 27.  Starting this September, the first in a series of increases to the state minimum wage will go into effect. 

Read More

Tags: Michigan Minimum Wage, Minimum Wage