Resources for Metro-Detroit Businesses
A mortgage has priority over other liens on the property from the date it is recorded with the Register of Deeds. The mortgage can also have priority for amounts advanced …
To Quality as a Future Advance Mortgage, Correct Language Must By Included in the Recorded Mortgage Read MoreWhat do oil and water and family members who are employees in your small business have in common? They rarely mix and are frequently toxic to the environment. Although it …
Tough Love in Your Business Read MoreThe Michigan Court of Appeals recently reaffirmed the Michigan Common Law that when a plaintiff enters into a release and provides an accord and satisfaction to settle a lawsuit, that …
Don’t Sign the Satisfaction Unless You’re Satisfied Read MoreThe Michigan Court of Appeals decided an interesting procedural issue regarding the appeal of post-judgment orders awarding or denying attorney’s fees. In Mossing v. Demlow Products, Inc. (2010), the trial …
Separate Appeal of Attorney’s Fees and Costs Read MoreBusiness is war. It’s a jungle out there. Never give a sucker an even break. Nice guys finish last. It’s a dog-eat-dog world. We’ve all heard at least one of …
Is it a Rat Race? Read MoreThe Internal Revenue Service is making a one-time, extraordinary allowance to taxpayers who make qualifying contributions for Haitian earthquake relief.[1] Individual taxpayers who itemize their deductions for 2009 may deduct …
2009 Federal Tax Benefit for Qualifying Contributions for Haitian Earthquake Relief Read MoreUnder Michigan law, a property’s taxable value is capped and may not increase by more than the rate of inflation until ownership of the property is transferred. However, there are …
Keeping Property Tax Values Capped Upon the Death of a Joint Tenant Read MoreThe Elliott-Larsen Civil Rights Act (“CRA”), which prohibits discrimination on the basis of race, sex, religion, etc., does not apply to “ministerial” employees of religious organizations. The Michigan Court of …
Religion and Civil Rights Act Exception Read MoreThere are two new energy credits available to eligible taxpayers on their 2009, 2010 & 2011 Michigan tax returns. I am frankly shocked that these two credits where maintained during …
New Energy Credits Available on your 2009 Michigan Tax Return Read MoreFaced with tighter budgets, Michigan cities and townships are looking for additional ways to raise revenue. Due to the Headlee Amendment, property tax increases are severely restricted. However, a municipality …
When is a License Fee Really an Illegal Tax? Read More