Archive: February 2025

• Michigan Legislature Reaches Last Minute Compromise on Earned Sick Time Act Amendments

  February 21, 2025

  Late Thursday, February 20, 2025, the Michigan Legislature passed an amendment to the Earned Sick Time Act (ESTA). This amendment changes requirements under ESTA that were set to go into effect just a few hours later. Importantly, the Legislative amendments take immediate effect on February 21, 2025.  Governor Whitmer is expected to sign the bill […]

• Estate and Gift Tax Uncertainty in 2025

  February 18, 2025

  At the end of 2025, the tax exemption for federal estate and gift taxes is scheduled to revert to what it was in 2012 with cost-of-living increases.  Currently, the exemption is $13,990,000 per person.  Given the size of the exemption, the vast majority of people do not need to be concerned about the estate tax […]