The Michigan Unemployment Insurance Agency (MESC) has another revenue source. Effective October 1, 2016, if a business owner has a a lien from the MESC, there will be an additional assessment to have the lien released.
The new SB-599 mandates that local register of deeds offices collect the additional fees and remit them to the State of Michigan.
Michigan Department of Treasury issued and released approximately 73,000 liens, and the Unemployment Agency issued and released 113,595 liens (house fiscal agency report)
According to the SBA there were about 160,000 small businesses in Michigan with 1 - 20 employees (SBA.gov)
The
Doug Zandstra CPA CFE EA
Certified Public Accountant
Certified Fraud Examiner
Enrolled Agent
29 Pearl St NW, Ste 225
Grand Rapids, MI 49503
616 970 3000
dougzandstra.com
email doug@dougzandstra.com
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