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Client Education & Company Blog

November 14, 2023
business gifts

Tax Rules for Business Gifts and Holiday Bonuses

During the holiday season, many businesses choose to express their appreciation to employees and clients through generous gifts and holiday bonuses. While these gestures can foster […]
October 20, 2023
factors to consider when starting a business

I Want to Start a Business: Where Do I Start?

Starting a business is an exciting venture that offers the promise of financial independence, personal fulfillment, and the chance to bring your innovative ideas to life. […]
September 6, 2023
tax filing for college students

Tax Filing for College Students: Navigating Options and Helpful Tips

Tax season is a daunting time for anyone—especially college students, who are often handling taxes on their own for the first time. Filing taxes might sound […]
August 16, 2023
funding for small businesses

Alternative Funding Opportunities for Small Businesses

This blog is part 2 of our previous blog, The Entrepreneur’s Guide to Business Loan Interest Rates. Small businesses are the backbone of the American economy. […]
July 20, 2023
business loan for entrepreneurs

The Entrepreneur’s Guide to Business Loan Interest Rates

For entrepreneurs starting or growing a business, obtaining funds is one of the first critical steps. While business loans are a popular financing option, the interest […]
June 8, 2023
how to save for retirement as a small business owner

How to Prepare for Retirement as a Small Business Owner

As a small business owner, wondering how to save for retirement is something that you need to think about as early as possible. However, it can […]
May 10, 2023
choosing a small business credit card

What to Consider When Choosing a Small Business Credit Card

Small business credit cards can be a great option for any small business, and one that many opt for. However, before you decide to get one, […]
April 21, 2023
what happens to your tax liability with proper financial planning

The 4 Key Benefits of Smart Tax Planning

Tax planning is an essential aspect of financial planning that should not be ignored. It plays a critical role in helping individuals and businesses achieve their […]
March 9, 2023
payment apps for small businesses

Using Mobile Payment Apps For Business Transactions

Mobile payment apps for small businesses allow you to send and receive money without having to enter your card information. They’re fast and easy to use, […]
February 16, 2023
when can i file 2023 tax return

Tax Return FAQs for the 2023 Tax Season

Preparing your tax return can be a complex process, and needs to be done properly and with care. If you’re feeling confused or overwhelmed, it’s okay—and […]
January 19, 2023
what's the difference between a 1099 and w2

1099 Contractors vs. W-2 Employees: What’s the Difference?

When you’re looking for a job or hiring for your business, it’s important to understand the options regarding classification of employment. The two most common types […]
December 15, 2022
irs releases inflation adjustments for 2023 taxes

IRS Adjusts 2023 Tax Rates for Inflation: How It Will Impact Your Finances

Back in October, the IRS released inflation adjustments for 2023 taxes. These provisions range from individual income tax brackets, to standard deductions, to gift and estate […]
November 30, 2022
tax planning strategies for high income earners

Tax Planning Strategies To Reduce Your Taxes

Believe it or not, tax planning can be for everyone. Proper tax planning now could result in tax savings in current and future years. While some […]
July 8, 2022

July Due Dates

July 1 – Time for a Mid-Year Tax Check-Up Time to review your 2022 year-to-date income and expenses to ensure estimated tax payments and withholding are […]
July 8, 2022

Sold or Thinking of Selling Your Home?

If you sold your home this year or are thinking about selling it, there are many tax-related issues that could apply to that sale. To help […]
June 27, 2022

Protecting Your Digital Footprint

In today’s digital age, it is impossible to avoid the internet. Even if you don’t have a computer and actively avoid social media, there is information […]
June 27, 2022

Year-round tax planning: Understanding eligibility for credits and deductions

From IRS.govTax credits and deductions can help lower the amount of tax owed. All taxpayers should begin planning now to take advantage of the credits and deductions […]
June 17, 2022

IRS releases 2022 “Dirty Dozen” list

From IRS.gov On June 10th, The Internal Revenue Service wrapped up its annual “Dirty Dozen” scams list for the 2022 filing season, with a warning to […]
June 15, 2022

Best Practices for Managing Your Business Through an Economic Downturn

The United States economy is nothing if not cyclical – which can be a good thing or a bad thing depending on when you’re trying to […]
June 1, 2022

Is Your Will or Trust Up to Date?

When was the last time you or your attorney reviewed or updated your will or trust? If it was some time ago before the passage of […]
May 27, 2022

Make Your Child’s Summer Break a Tax Break

As a busy working parent, you may be on the lookout for activities that are available for your kids this summer. There may be a solution […]
May 23, 2022

Vacation Costs That Sneak Up On You

Going on vacation is a time to get away, relax and enjoy new experiences. But if you don’t pay close attention, extra costs can sneak up […]
May 16, 2022

When Can You Dump Old Tax Records?

Taxpayers often question how long records must be kept and the amount of time IRS has to audit a return after it is filed. It all […]
May 5, 2022

What To Do With Mail From The IRS

From IRS.gov Taxpayers should open and carefully read any mail from the IRS.The IRS mails letters or notices to taxpayers for a variety of reasons including: […]
April 25, 2022

When (And Why) to Check Your Tax Withholding

From IRS.govFor employees, withholding is the amount of federal income tax withheld from your paycheck. The amount of income tax your employer withholds from your regular […]
April 25, 2022

Owe the IRS money? How long do they have to collect? Have you ever wondered how long the IRS has to question and assess additional tax […]
February 23, 2022

Avoiding IRS Underpayment Penalties

Congress considers our tax system a “pay-as-you-earn” system. To facilitate that concept, the government has provided several means of assisting taxpayers in meeting the “pay-as-you-earn” requirement. […]
February 16, 2022

Great Tips for Your Home-Based Business

Home-based businesses can be financially rewarding and provide a certain amount of flexibility with your day-to-day schedule. Here are some tips to keep your business running […]
January 20, 2022

Michigan joins other states by enacting a SALT Cap workaround for Pass-thru Entities

On Dec 20 Governor Whitmer joined several other states that enacted a work-around to the federal SALT Cap for owners of pass-through entities (Partnerships and S […]
January 5, 2022

Corporations: Do You Really Want To Pay Those Dividends?

If you invest in stocks, you probably look forward to receiving dividend checks (or notices that your dividends have been reinvested) from the companies you own […]
December 28, 2021

Tax Benefits When Saving for College Education 

A common question among parents is, “How might I save for a child’s post-secondary education in a tax beneficial way?” The answer depends on how much […]
December 15, 2021

Congress Terminates the Employee Retention Credit Early

President Biden signed the Infrastructure Investment and Jobs Act (IIJA) into law on November 15, 2021. One of the provisions of that legislation retroactively terminated the […]
December 15, 2021

Make Payroll Taxes Easy in 2022

Handling employment taxes can be complicated, especially when you’re required to file important tax documents throughout the year. Here’s a quick recap of the most vital […]
December 8, 2021

Tax Tips for Holiday Charity Donations

During the holidays, many charities solicit gifts of money or property. This article includes tips for documenting your charitable gifts so that you can claim a […]
December 8, 2021

Tax-Saving Strategies to Consider Before Year End

It seems hard to believe, but the holiday season is almost upon us, and that means that the 2021 tax preparation season will soon follow. Now […]
November 4, 2021

Year-End Tax Planning

As 2021 winds down, here are some ideas to consider in order to help manage your small business and prepare for filing your upcoming tax return. […]
November 4, 2021

The Power of Comparative Financial Statements

Your business has a story to tell. And one of the ways to hear your business’s story is by reading through comparative financial statements. An up-to-date […]
November 4, 2021

Social Security 2022 Benefits

October 25, 2021

This Bank Secret Can Be Yours

Know the way that loans work…and use it to your advantage! Every banker knows that the majority of the money they make on a loan is […]
October 25, 2021

Onboarding New Employees

Ideas to Help Onboard New Employees-Do You Have a Plan? With today’s competitive labor market, it’s important that your company has an onboarding system ready to […]
October 25, 2021

Home Heating Credit

Gov. Whitmer Announced More Than 178,600 Michigan Households Are Receiving Additional Home Heating Credit Payment From the Michigan Department of Treasury: Governor Whitmer has announced that […]
July 16, 2021

Know Where You Stand: Use QuickBooks Reports

If you’re currently using QuickBooks, you know how it’s transformed your daily bookkeeping practices. You can create sales forms like invoices quickly and actually find them […]
June 18, 2021

Some Small Businesses are Recovering. Is Yours?

The COVID-19 pandemic isn’t over, but many small businesses are on the upswing. How QuickBooks Online can help if yours isn’t. Intuit recently did a survey […]
June 18, 2021

The IRS is Resuming Collection & Enforcement Activities That Were Paused During COVID-19

The IRS is reporting that it is resuming “certain collection and enforcement processes that had been suspended because of the coronavirus pandemic.” On June 15, 2021, […]
June 18, 2021

Exit Strategy: How to Create One for Your Small Business

Owning your own small business is a dream that few are fortunate enough to realize, but even those new to the joys of entrepreneurial self-determination need […]
June 18, 2021

Accounting for Restaurants: A Guide to Setting Your Business up for Success

Operating a restaurant is a dream for many, but there’s a lot more to it than meets the eye. There are far more restaurants and food-related […]
June 18, 2021

Haven’t Received Your Tax Refund Yet?

You are not alone. We have been hearing from clients who are still waiting on refunds from returns filed early in the year. In normal times, […]
June 18, 2021

Tax Breaks for Families with Children and Lower-Income Taxpayers

2021 is the Year of Substantial Tax Breaks for Families with Children and Lower-Income Taxpayers. This is an overview of the several tax benefits that were […]
June 18, 2021

IRS Unveils Online Tool to Register for Monthly Child Tax Credit Payments

As we noted in prior articles, Congress has made substantial changes to the Child Tax Credit (CTC) for 2021.  The CTC has been increased to as […]
June 11, 2021

Tax Issues with Vacation Homes

Do you own a second home at the beach, in the mountains, or some other getaway location, or are you thinking about buying one? If so, […]