Michigan accountant employment contract template

Michigan Accountant Employment Contract

This Michigan Accountant Employment Contract (the “Agreement”) is made and entered into as of [Date] by and between [Employer Full Legal Name], located at [Employer Address] (“Employer”), and [Employee Full Legal Name], residing at [Employee Address] (“Employee”).

1. Position

The Employer hereby employs the Employee as a full-time Accountant.

Option A: General Accountant Duties

The Employee's duties shall include, but are not limited to:

• Preparing, analyzing, and maintaining financial records.
• Preparing work papers for audits in line with Michigan requirements.
• Compiling tax returns and financial statements in compliance with the Michigan Department of Treasury and federal requirements.
• Ensuring adherence to Generally Accepted Accounting Principles (GAAP) and, where applicable, Governmental Accounting Standards Board (GASB) for public sector entities.
• Handling sales/use tax, city income taxes, and other Michigan-specific state and local tax filings.
• Managing payroll in accordance with Michigan law, including required withholdings, unemployment insurance contributions, and wage garnishments.
• Maintaining detailed records to support Michigan-specific audits and responding to tax inquiries from local authorities.
• Interpreting and applying Michigan statutory accounting and reporting requirements, including relevant industry regulations.
• Contributing to internal financial controls and segregation of financial duties according to Michigan corporate governance best practices.
• Using relevant accounting software/systems (e.g., QuickBooks, Microsoft Dynamics, state e-filing portals).
• Undertaking ongoing professional education on relevant legislative changes in Michigan.
• Other duties as reasonably assigned by the [Title of Supervisor].

Option B: Specialized Accountant Duties

The Employee's duties shall include, but are not limited to: [Specific Description of Duties].

2. Reporting Relationship

The Employee shall report directly to [Title of Supervisor], who is a [Michigan-licensed CPA/Controller/CFO, if applicable].

3. Work Location

Option A: Employer's Site

The Employee's primary work location shall be the Employer's office located at [Employer Address in Michigan].

Option B: Remote Work

The Employee may work remotely from a location within the State of Michigan, subject to the Employer's remote work policy. The Employee is responsible for ensuring a secure and confidential workspace.

4. Employment Type & Hours

The Employee's employment is full-time. The standard work hours are [Number] hours per week, Monday through Friday, [Start Time] to [End Time]. Overtime will be compensated in accordance with Michigan's Improved Workforce Opportunity Wage Act (IWOWA). Meal and rest periods will be provided as required by Michigan law.

5. Compensation

Option A: Salary

The Employer shall pay the Employee an annual salary of [Dollar Amount], payable in accordance with the Employer's regular pay cycle [Pay Cycle, e.g., bi-weekly].

Option B: Hourly

The Employer shall pay the Employee an hourly wage of [Dollar Amount], payable in accordance with the Employer's regular pay cycle [Pay Cycle, e.g., bi-weekly]. Overtime will be paid at a rate of one and one-half times the Employee's regular hourly rate for hours worked in excess of 40 in a workweek.

The Employer will provide the Employee with an earnings statement on each payday, as mandated by Michigan law.

6. Performance Reviews

The Employee's performance will be reviewed annually, or more frequently at the Employer's discretion. The first performance review will be held approximately [Number] months following the commencement of employment.

7. Bonus & Incentives

Option A: Discretionary Bonus

The Employee may be eligible for a discretionary bonus, the amount and criteria of which shall be determined by the Employer in its sole discretion.

Option B: Structured Bonus

The Employee is eligible for a performance-based bonus as described in [Document Name, e.g., Employee Handbook].

Option C: No Bonus

The Employee is not eligible for any bonus or incentive compensation.

8. Benefits

The Employee shall be eligible for the following benefits, subject to the terms and conditions of the Employer's benefit plans:

• Health insurance
• Dental insurance
• Vision insurance
• 401(k) or other retirement plan
• Paid time off (vacation and sick leave), in compliance with the Michigan Paid Medical Leave Act (PMLA)
• [Number] Paid holidays recognized by the Employer
• Reimbursement for professional membership fees and continuing professional education (CPE), subject to Employer approval and budget.

9. Intellectual Property

All work product, financial models, proprietary analysis tools, documentation, and reports prepared by the Employee during their employment shall be the sole and exclusive property of the Employer.

10. Confidentiality

The Employee shall maintain the confidentiality of all client records, trade secrets, proprietary company and customer financial data, and any information covered under Michigan’s Identity Theft Protection Act, both during and after the term of employment.

11. Regulatory Compliance

The Employee shall observe Michigan’s accountancy laws (Public Act 299), maintain required credentials (CPA/LARA licensing if applicable), and submit to background checks or license verification as required by Michigan law or client contracts.

12. Professional Liability

Option A: Malpractice Insurance Coverage

The Employer shall maintain professional liability (malpractice) insurance coverage for the Employee.

Option B: Employee Responsibility

The Employee is responsible for maintaining their own professional liability insurance.

13. Ethics & Conduct

The Employee shall adhere to the AICPA Code of Professional Conduct, Michigan Board of Accountancy guidelines, and the Employer's anti-fraud, anti-bribery, and whistleblower policies.

14. Conflict of Interest

The Employee shall disclose any actual or potential conflicts of interest to the Employer immediately. The Employee shall report suspected financial impropriety according to Michigan's False Claims Act and the Employer's internal controls.

15. Non-Competition, Non-Solicitation, and Non-Disclosure

Option A: Non-Compete, Non-Solicitation, and Non-Disclosure

During the term of employment and for a period of [Number] months following termination, the Employee shall not:

• Engage in any business that is competitive with the Employer within [Geographic Area, e.g., 50-mile radius of Employer's office].
• Solicit any of the Employer's clients or employees.
• Disclose any confidential information relating to the Employer's business.

Option B: Non-Solicitation and Non-Disclosure Only

During the term of employment and for a period of [Number] months following termination, the Employee shall not:

• Solicit any of the Employer's clients or employees.
• Disclose any confidential information relating to the Employer's business.

Option C: No Non-Compete, Non-Solicitation, or Non-Disclosure

There shall be no post-employment restrictions on the Employee’s ability to compete with the Employer or solicit its clients or employees, other than the general duty to maintain confidentiality.

These clauses are intended to be enforceable to the fullest extent permitted by Michigan law.

16. At-Will Employment

The Employee's employment is at-will, meaning that either the Employee or the Employer may terminate the employment relationship at any time, with or without cause or notice, subject to the terms below.

Option A: With Notice

Either party may terminate this agreement with [Number] days written notice.

Option B: Without Notice

Either party may terminate this agreement at any time, without notice, but subject to final pay deadlines and accrued benefit treatment required by Michigan law.

Upon termination, the Employee shall return all company or third-party records and equipment. Final pay and accrued benefits will be handled in accordance with Michigan law.

17. Dispute Resolution

The parties shall attempt to resolve any disputes arising out of or relating to this Agreement through good-faith negotiation and mediation before resorting to litigation. Any claim must be filed within [Number] days of the event giving rise to the claim. This Agreement shall be governed by and construed in accordance with the laws of the State of Michigan. The exclusive venue for any legal action shall be the state or federal courts located in [County Name] County, Michigan.

18. Workers' Compensation & Unemployment Insurance

The Employee shall be covered by the Employer's workers' compensation and unemployment insurance policies in accordance with Michigan statutory requirements.

19. Occupational Health and Safety

The Employer shall comply with all applicable requirements of the Michigan Occupational Safety and Health Administration (MIOSHA).

20. Anti-Discrimination & Equal Employment Opportunity

The Employer is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, disability, genetic information, or any other characteristic protected by Michigan's Elliott-Larsen Civil Rights Act, Persons with Disabilities Civil Rights Act, or federal law.

21. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of Michigan.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

[Employer Full Legal Name]

By: [Employer Signature]

Name: [Employer Printed Name]

Title: [Employer Title]

[Employee Full Legal Name]

[Employee Signature]

Date: [Date]