Blog tagged as Business

Michigan businesses are expected to pay sales taxes off the value of their credit card surcharges that come with their customers' purchases, according to an article published in the Department of Treasury's newsletter this month.

At least one of the Big Three automakers is spinning its tires when trying to navigate electric vehicle profitability. It was reported during a Consensus Revenue Estimating Conference (CREC) presentation Friday that Ford’s “Model e” division loses approximately $28,000 on every unit sold.

Throughout one whole year, a short-term payday loan provider could not charge service fees of more than 36 percent of the loan as residents pay it back, under legislation approved Wednesday 5-1 in the Senate Finance, Insurance and Consumer Protection Committee.

Gov. Gretchen Whitmer urged small businesses that rely on snow to apply for Economic Injury Disaster Loans from the Small Business Administration because of drought in 42 counties.

An electroplating chemical spill in Warren’s Bear Creek drain and the spotting of a “mysterious corrosive ooze” seeping out of the ground of a former steel facility in Riverview were propped up as examples by environmentalists and local officials as reasons for new polluter pay laws in Michigan.