Now You Know It Archives – Page 18 of 67

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January 10th, 2023

With a sizeable portion of the workforce continuing to work remotely, many taxpayers may be wondering whether they qualify for a home office deduction. Employees are not eligible for the deduction, even those who work 100% remotely. Only self-employe… Read More

New Year, New Minimum Wage

January 4th, 2023

Contributor: Evan M. Chall

On January 1, 2023, Michigan’s minimum hourly wage rate increased from $9.87 to $10.10 per hour pursuant to Michigan’s Improved Workforce Opportunity Wage Act of 2018. Additionally, the 85% rate for minors aged 16 and 17 increased to $8.5… Read More

Happy New Year headband with celebration confetti

A New Year

December 28th, 2022

Wright Beamer wishes you a joyous and prosperous New Year! We look forward to continuing to serve your legal needs in 2023. As you plan your celebrations and events, here are a few traditions from around the world that you might find interesting: Col… Read More

Soon to Be Gone, but Not Soon Forgotten

December 20th, 2022

Contributor: Duane L. Reynolds

At 3:00 on Saturday afternoon, June 11, 1983, I finished working my last day shift, turned in my badge, service weapon and uniforms, and thus ended my 9-year career as a police officer. Two days later, on Monday, June 13, I put on my brand new three-… Read More

John Adams and Thomas Jefferson, at a table with other founding fathers, competed in the contested 1800 election

Broadway’s Hamilton and the Twelfth Amendment

December 6th, 2022

Contributor: Dirk A. Beamer

Hamilton … Lin Manuel Miranda’s celebrated musical retelling of the life of Founding Father Alexander Hamilton … enjoyed a sold-out run at Detroit’s Fisher Theater last month. Having been lucky enough to see the original production on Broadwa… Read More

Employee retention credit tax reports marked as

The ERC Grift

November 29th, 2022

You have likely heard or read advertisements encouraging you to call a certain consulting service regarding qualification for the Employee Retention Credit (ERC). This refundable tax credit encourages businesses that were financially impacted by COVI… Read More

Commercial lease on desk with rent payment, keys, and calculator

Commercial Leases and Frustrated Purposes

November 22nd, 2022

Unlike residential tenants, most commercial tenants were not relieved of the obligation to pay rent during the pandemic. In a recent case, the tenant alleged that the purpose of the lease—to use the property to operate a gym—was frustrated by the… Read More

Employee wooden blocks on blue background connected by labor union

An NLRA Primer

November 15th, 2022

Contributor: Evan M. Chall

A National Labor Relations Board (“NLRB”) administrative law judge recently ruled that Starbucks violated the National Labor Relations Act (“NLRA”) by terminating an employee at its Ann Arbor location for engaging in union activism. Enforced… Read More

Michigan’s New Universal Assignment of Rents Act

November 1st, 2022

Contributor: Duane L. Reynolds

Commercial property owners wishing to obtain financing will likely be required by their lender to sign a document generically referred to as an “assignment of rents and leases” as additional security for repayment of the loan. In the even… Read More

Digital wallet on computer screen for managing digital assets

Cryptocurrency and NFTs in Your Estate Plan

October 25th, 2022

Contributor: LeClair L. Flaherty

Five years ago, cryptocurrency was probably not on your radar. Today, it may be an important investment in your portfolio. You could even own some nonfungible tokens (NFTs), which are powered by the same blockchain-based technology. Despite the dizzy… Read More