Beginning January 1, 2014, Michigan retailers subject to accelerated electronic funds transfer (i.e. retailers with sales and use tax liabilities of $720,000 or more in the prior calendar year) must remit, by the 20th of the month, an amount equal to 75% of their liability in the preceding month plus the reconciliation payment equal to the difference between the tax liability determined for the previous month and the amount of tax previously paid for that month at that time. This is a change from the current requirement of 50% due on the 20th of the current month and 50% due on the last day of the current month with the reconciliation payment due on the 20th day of the following month. (Sales and Use Tax Information, Michigan Department of Treasury, July 6, 2012)