Treasury: Business taxpayers reminded about wage statement due date change
LANSING — Business taxpayers are reminded about a new state law that modifies the due date for wage statements, according to the Michigan Department of Treasury (Treasury).
Public Act 118 of 2018 requires that wage statements — such as W-2, W-2G, 1099-R and 1099-MISC — must be submitted on or before Jan. 31. This state law change was made to match both Treasury and Internal Revenue Service wage statement submission deadlines.
Beginning January 2019, employers may electronically upload their wage statements by using Michigan Treasury Online (MTO). Employers with more than 250 employees must file their wage statements electronically.
For more information about MTO and how to file wage statements electronically, visit: mto.treasury. michigan.gov
Although the wage statements are due on or before Jan. 31, 2019, the Sales, Use and Withholding Taxes Annual Return (Form 5081) is still due on Feb. 28. Wage statements filed on or before the Jan. 31 due date need not be submitted again with Form 5081.
Details: Visit www.michigan.gov/taxes or follow the state Treasury Department on Twitter at @MITreasury. — G.G.
Marshall Plan for Talent moves ahead at state level
LANSING — Michigan’s talent revolution is taking hold with 22 talent consortia representing 771 businesses, K-12 schools, post-secondary institutions and organizations, moving on to the final step in the Marshall Plan for Talent Innovation Grant process, Gov. Rick Snyder announced recently.
Together, the consortia are requesting more than $80 million in Marshall Plan for Talent Innovation Grants to revolutionize the state’s talent pipeline and fill the 811,000-plus career openings through 2024.
“It’s impressive to see such collaboration across our state and across industry sectors, bringing Michigan into a new era of education and talent development,” Snyder said. “These coordinated efforts are transforming the way we cultivate top talent for businesses looking to grow and expand, but also helping all Michiganders become successful lifelong learners.”
Leaders from the automotive, technology and Professional Trades sectors were among those to partner with educational institutions and community organizations.
“This level of interest and partnership is telling of a bright future for Michigan – we greatly exceeded all expectations for this first round,” Talent and Economic Development Department of Michigan Interim Director Jeremy Hendges said. “With nearly 800 organizations willing to come together to say, ‘how can we close this talent gap’ and developing innovative solutions to do just that show a state willing and ready for positive change. We’re excited to see the final grant applications and the ideas on the table for revolutionizing our evolving education model.”
In all, the 22 consortia are made up of 74 non-profit organizations, 255 K-12 districts, 207 Michigan businesses, 75 post-secondary institutions, 72 industry partners, 88 workforce development organizations and other partners.
The final step in the grant application process wrapped up Nov. 26. State leaders plan to announce grant recipients in mid-December.
Details: Visit michigan.gov/marshallplan. — G.G.