Early Reporting Pays off in the Great Lake State

You asked for it, you got it! Driven by client requests from our Ideas Forum, ShipCompliant recently implemented reporting options to allow clients to take advantage of Michigan’s early and timely filing discounts.

Michigan licensees who file the Combined 160 return monthly or quarterly, on or before the 20th of the month, are eligible to take advantage of filing discounts based on submission date. Most licensees fall into the standard discount amounts of $6/month, $18/quarter, or $72/year but there is a formula for those who fall above or below the standard discount threshold, dependent on tax liability.

Learn more about Michigan’s filing discounts (Note: Access available only to ShipCompliant clients)

Early and Timely Filing

The Early Filer option in ShipCompliant was created for those who file quarterly or monthly returns, on or before the 12th of the month in which the report is due. For those who file on or before the 20th (but after the 12th) are eligible for a discount by selecting the Timely Filer option. Both frequencies automatically calculate the discount on the Michigan Combined 160 return and are available within the ShipCompliant Reports Settings page.

For all of you annual filers, do not feel alone. You too are entitled to a discount. Keep an eye out for an email alert notifying you when the Early and Timely Filer frequency options are available to select in your ShipCompliant account.

Don’t forget to submit your Michigan returns by the early or timely deadlines in order to secure your discount!

Learn more about Michigan’s filing discounts (Note: Access available only to ShipCompliant clients)

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