Selected Information:

We feel that an informed client is our best client.

Please click the following link to see new requirements for mandatory paid sick leave according to Michigan's new Paid Medical Lease Act:

Mandatory Paid Sick Leave Link

Below is a brief listing of some information relevant to Payroll, Mileage and Retirement Plan Funding by Year:

Michigan Minimum Wage Increase: 1-1-18 $9.25, 4-1-19 $9.45, 1-1-20 $9.65

FEDERAL INSURANCE CONTRIBUTION ACT - FICA     2019 2020 2021
Social Security Wage Base $132,900 $137,700 $142,800
Medicare Wage Base Unlimited Unlimited Unlimited
Social Security Rate - Employer 6.2% 6.2% 6.2%
Social Security Rate - Employee 6.2% 6.2% 6.2%
Medicare Rate 1.45% 1.45% 1.45%
Max Social Security Withholding  $8,239.80 $8,537.40

$8,853.60

Max Medicare Withholding Unlimited Unlimited Unlimited
FEDERAL UNEMPLOYMENT TAX ACT - FUTA 2019 2020 2021
Taxable Wage Base Per Employee $7,000.00 $7,000.00 $7,000.00
Net Tax Rate 0.6% 0.6% 0.6%
FUTA Tax Rate 6.0% 6.0% 6.0%
STATE UNEMPLOYMENT TAX ACT - SUTA 2019 2020 2021
Michigan's Taxable Wage Base Per Employee $9,000.00 $9,000.00 TBD
MILEAGE RATES-Business/Charitable/Medical/Moving: 2019 2020 2021
Business Use (per mile)

$.58

$.575

 $.56

Charitable Use (per mile) $.14 $.14  $.14 
Medical and Moving Use (per mile)  

$.20

$.17

 $.16

 RETIREMENT PLAN - MAX Deferrals/Contributions: 2019 2020  2021
IRA Traditional/Roth Contribution Limit/Catch up age 50 or over $6,000.00/$1,000.00 $6,000.00/$1,000.00

$6,000.00/$1,000.00

Max Elective Deferral Under 401(K), 403(B) and Profit Sharing Plans $19,000.00 $19,500.00

$19,500.00

Catch-up Contributions for Individuals age 50 or over
for 401(K) and 403(B) and Profit Sharing Plans
$6,000.00 $6,500.00

 $6,500.00

Max Pre-tax contribution by employees to SIMPLE
retirement accounts section 408(P)
$13,000.00 $13,500.00

 $13,500.00

Catch-up contributions for individuals age 50 or over
for SIMPLE accounts
$3,000.00 $3,000.00

 $3,000.00