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Client Education & Company Blog
February 17, 2021
The Consolidated Appropriations Act, 2021 (CCA), which was passed by Congress and signed by the president late last December, included a very tax-beneficial provision that liberalized […]
February 17, 2021
In order to help trades and businesses retain employees and keep them employed during the COVID-19 crisis, the Coronavirus Aid, Relief, and Economic Security (CARES) Act […]
February 10, 2021
As if 2020 wasn’t challenging enough, this season’s tax-filing is going to be even more complicated than usual. Though the CARES Act and the Paycheck Protection […]
February 10, 2021
Tax time can be one of the most hated times of the year. Just preparing the forms is enough to be an irritant, and if you […]
February 10, 2021
Do you have a lot of aging receivables? Assessing finance charges can speed up customer payments. Have your customers been submitting payments later than usual these […]
February 3, 2021
Tax time is just around the corner, and if you are like most taxpayers, you are probably facing the ominous chore of compiling records in preparation […]
January 27, 2021
In the past, the IRS has assigned verification numbers to victims of identity theft to file their tax returns, if requested by the victimized individual. These […]
January 27, 2021
President Biden released his “American Rescue Plan” on January 14th, 2021. The list consists of proposals he wants Congress to enact to address the COVID-19 pandemic […]
January 22, 2021
Congress passed, and President Trump signed, the Consolidated Appropriations Act, 2021. Included in its approximately 5,600 pages is the second draw of forgivable Paycheck Protection Program […]
January 20, 2021
The Internal Revenue Service (IRS), each year, computes standard mileage rates for the use of a vehicle for business, medical and moving purposes based on a […]
January 20, 2021
As a means to stimulate charitable contributions during the COVID crisis, Congress made two notable changes for 2020—one allowing taxpayers that don’t itemize their deductions an […]
January 12, 2021
While all of us would rather forget and put 2020 behind us, the recent Act signed by the president made some retroactive changes to some of […]
December 30, 2020
After several months of the Republicans and Democrats not being able to agree on additional COVID-related tax relief and other matters, Congress configured much-needed legislation. The […]
December 28, 2020
This is our annual reminder that if you use workers other than employees to perform services for your business and pay them $600 or more for […]
December 9, 2020
It is common practice this time of year for employers to give their employees gifts. Where a gift is infrequently offered and has a fair market […]
December 7, 2020
Some folks have been tapping or suspending their retirement savings to make ends meet during this COVID-19 pandemic, and although understandable, it is important that they continue […]
December 2, 2020
If you are a small business owner, every penny of your income counts. This means that you not only want to optimize your revenue, but also […]
November 11, 2020
If you already have a budget, it’s probably been difficult for you to stick with it for the last several months. Unless you provide products and/or […]
November 2, 2020
If you are the owner of a small business that obtained a Paycheck Protection Program (PPP) loan, you are most likely aware that the loan can […]
October 23, 2020
Interest rates are currently at an all-time low, and it may be time for you to consider refinancing your existing home mortgage to take advantage of […]
October 16, 2020
During the COVID-19 pandemic, the IRS has furloughed many of its employees or had them work from home to mitigate the spread of the virus. Many […]
October 7, 2020
With the passage of the CARES Act stimulus package earlier this year, the federal government added $600 to the normal state weekly unemployment benefits and increased […]
October 2, 2020
The Internal Revenue Service has resurrected a form that has not been used since the early 1980s, Form 1099-NEC (the NEC stands for Non-Employee Compensation). This […]
September 23, 2020
Michigan taxpayers with past-due tax debts should be aware of the newest scam making its rounds through the U.S. Postal Service. To summarize, taxpayers receive a […]
September 16, 2020
Governor Gretchen Whitmer, along with leaders in education, business, labor, and workforce development, launched the nation’s first program offering tuition-free college for those who provided essential […]
September 5, 2020
Now that most businesses have used or come close to using all their PPP funds, many are eager to begin submitting their applications for loan forgiveness. […]
August 19, 2020
As businesses continue to adjust to the new normal of remote work, it is important that your organization is equipped with the proper resources to succeed. […]
July 13, 2020
Staff Accountant Our growing firm is looking for a diligent person who wants a challenge, variety, and the opportunity to expand their expertise in the accounting […]
June 15, 2020
All of this month, we are pleased to honor HAS Senior Accountant & Tax Analyst, Melanie Willis, EA, NTPI Fellow, for 20 years of remarkable service […]
June 10, 2020
Now that the stay at home order and restrictions on businesses are being lifted, HAS is re-opening our office on June 15, 2020. Our firm has […]
June 10, 2020
June 5, 2020
On June 5, 2020, the Paycheck Protection Program Flexibility Act (PPPFA) was signed into law to further help small businesses affected by COVID-19. The goal of […]
May 27, 2020
Recently the Small Business Administration (SBA) released the PPP Loan Forgiveness application and instructions and Interim Final Rule on Loan Forgiveness. While some questions still remain, […]
May 19, 2020
As Michigan gradually begins lifting the stay-at-home order, “business as usual” will have become a thing of the past for both business owners and employees. Contemplating […]
May 1, 2020
The Paycheck Protection Program (PPP) Loans have drawn all types of struggling businesses during this COVID-19 crisis. The primary draw was the added provision of 100% […]
April 29, 2020
Now that many business owners are past the stressful work of navigating the Paycheck Protection Program (PPP) application process, it seems like the hardest part is […]
April 11, 2020
Michigan’s self-employed workers, gig workers, 1099-independent contractors and low-wage workers affected by COVID-19 can apply for federal Pandemic Unemployment Assistance (PUA) beginning Monday, April 13 at […]
April 11, 2020
Another provision provided in the March 27th CARES Act to help businesses keep their employees on payroll is the Employer Retention Credit (ERC). The ERC provides […]
April 1, 2020
There has been some confusion as to what affect the CARES Act has on Federal student loans. Prior to the CARES Act, the president announced a […]
March 31, 2020
Economic Injury Disaster Loan (EIDL) Advance Summary: Small businesses will be eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. The […]
March 27, 2020
On the heels of the IRS extensions, Governor Whitmer temporarily suspended the Michigan income tax filing and payment due dates. Below are the new filing and […]
March 27, 2020
Businesses in Michigan have resources for strategies during the COVID-19 Pandemic. Here is a list of some webinars available to assist your company. Score Webinars A […]
March 27, 2020
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law in an effort to stimulate our weakened economy […]
March 27, 2020
This page provides resources to answer the most common questions regarding tax payment relief. IRS: https://www.irs.gov/newsroom/filing-and-payment-deadlines-questions-and-answers
March 27, 2020
Michigan Small Business Relief Programs Grants Grant Amount: Up to $10,000 Eligible Businesses: Business is an industry outline in an Executive Order suspending business activities or […]
March 24, 2020
Michigan employees who have to leave work due to the COVID-19 pandemic will qualify for unemployment benefits. For individuals that were required to leave work because […]
March 22, 2020
Under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (Stafford Act), the Secretary of Treasury was instructed to provide additional tax filing relief to […]
March 19, 2020
IT’S OFFICIAL! The Treasury Department and IRS are providing the following special tax payment relief: Q. What is the tax payment relief?A. Federal income tax payments […]
March 18, 2020
Small businesses affected by the spread of the COVID-19 epidemic who were originally going to make their monthly sales, use and withholding tax payments on March […]