MICHIGAN: Payroll law update, July-Dec. 2011

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in Office Management,Payroll Management

Income tax withholding. Beginning Jan. 1, 2012, payers of pensions, profit-sharing, stock bonus or other deferred compensation must withhold on the taxable portion of the payment.

Pass-through entities that have more than $200,000 of business income after allocation or apportionment must withhold on the distributive share of business income of each corporate member. (Act 38, L. 2011)

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