The Michigan Department of Treasury has granted a 31-day waiver for penalty and interest for the late reporting of sales, use, and withholding (SUW) taxes ordinarily due on December 20, 2020. Because of this waiver, any SUW returns and payments for affected businesses can be made without interest or penalty until January 20, 2021.

Businesses eligible for this relief are those businesses prohibited under the public gatherings rules in Section 3 of the Michigan Department of Health and Human Services Emergency Order.

Specifically, this includes:

• Entertainment venues, such as auditoriums, cinemas, sporting venues, and conference centers
• Recreational facilities such as bowling alleys, casinos, nightclubs, and skating rinks
• Restaurants subject to restrictions on indoor dining

Please refer to this notice from the Michigan Department of Treasury for more details.

Planning For Year-Round Tax Savings

MRPR’s Tax Planning & Compliance Team has spent years developing tax strategies for individuals and businesses that provide tax-saving opportunities year-round. Contact us if you have any questions regarding your tax planning for 2020 or to look ahead at how to save more in 2021.