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Client Education & Company Blog

September 20, 2017

You’re Getting Audited – Here’s What To Do

Most of us will never be audited. But when it does happen, it might feel a little scary. The truth of the matter is IRS auditors […]
September 13, 2017

Is Your Hobby Actually A Business?

If you invest a ton of personal time and effort into your hobby, plus you have multiple customers and keep professional records, your hobby might actually […]
September 6, 2017

Don’t Pay Tax on a Home Sale

The law lets you sell your home tax-free if you meet certain requirements. The home must have been owned and used as your principal residence for […]
August 31, 2017

The Good, The Bad, and The Ugly of Your HSA

Health Savings Accounts (HSAs) are a great way to pay for medical expenses, and since unused funds roll over from year to year, the account can […]
August 29, 2017

529 College Savings Plan Distribution Rules

After years of putting money in your 529 college savings plan, you’re ready to start taking withdrawals to pay tuition bills. Do you know the rules […]
August 29, 2017

Tax Deadlines for Businesses

September 15 is an important tax filing deadline for partnerships and corporations. It’s the filing deadline for 2016 tax returns for calendar-year S corporations that received […]
August 23, 2017

Potential Tax Breaks While Job Hunting

As the job market continues to improve, more people are embarking on a job hunt. Did you know there’s a potential tax break in a job […]
August 21, 2017

How To Build Your Business Credit

Whether your firm has been operating for years, or you decided over last night’s coffee to start a new venture, you’re sure to face the need […]
August 17, 2017

Start Smart: 5 Items To Focus On When Starting A New Business

Are you starting a new business this year? Put these items on your to-do list: Business plan. Outline who will own the business and what the […]
May 31, 2017

Why You Should Consider A Mid-Year Tax Review

Most people don’t include tax planning on their summertime agenda, but there are benefits to doing so. The problem with waiting until the end of the […]
May 24, 2017

Good Tax Records Are Important

Keeping your tax records organized year-round is a good practice and will keep you from hastily assembling your documents for your annual tax preparation appointment. If […]
May 17, 2017

What Should You Do When The IRS Contacts You?

After you file your tax return, the last thing you want to see is a notice from the IRS questioning your return. Some IRS notices involve […]
March 29, 2017

Estimated Tax Payments – Do You Need To Make Them?

April 18 is both the day individual income tax returns for 2016 are due and the due date for the first estimated tax payment for 2017. […]
March 22, 2017

Do You Owe Self-Employment Tax?

Did you work as a sole proprietor or independent contractor in 2016? If you earned more than $400 during 2016 from the work you did, you […]
March 16, 2017

Update Your Mileage Reimbursements For 2017

If you intend to use your vehicle for business, charitable activities, medical appointments, or moving during 2017, be aware that the optional standard mileage rates for […]
March 15, 2017

Taxable or Not Taxable? You Might Be Surprised

Have you ever wondered about the taxability of funds or services you receive? There are many areas in the tax code that cause confusion regarding what’s […]
March 8, 2017

Waiting On Your Refund?

The IRS processes most tax returns in 21 days for electronic filings and 6 weeks for paper returns. You can use the “Where’s My Refund?” tool […]
March 8, 2017

March 15 Deadline

March 15 is the deadline for calendar-year Corporations to file 2016 income tax returns or an extension request.   2016 Partnership tax returns are also due March […]
March 1, 2017

What Tax Records Should I Keep?

It’s that time of year when you are getting ready to sort out last year’s financial records and prepare for this year’s recordkeeping. Do you know […]
February 22, 2017

Tax Planning 2017

Each year, certain tax figures are adjusted for inflation. While most figures are unchanged versus 2016, there is more than a 7% increase to the maximum […]
February 15, 2017

“Dependent” Defined

Many people think of a “dependent” as a minor child who lives with you. This is true, but it’s important to remember dependents can include parents, […]
February 9, 2017

Can’t Itemize? You Can Still Claim Some Expenses

Can’t itemize? You can still claim some expenses on your 2016 federal income tax return. Here’s how you can benefit. * IRA and HSA contributions If […]
January 18, 2017

Three New Tax Filing Deadlines

As you begin preparing your final payroll tax returns for 2016, take into account earlier due dates for two common information reporting forms and one extended […]
January 16, 2017

Tax Refund Delay Impacts Low-Income Americans

For many of the 40 million low-income Americans, their annual tax refund is the biggest check they get all year.  But many times scammers and organized […]
January 11, 2017

Do You Need To Revise Your Final Estimated Tax Payment?

The last installment of your 2016 estimated federal income tax is due January 17, 2017. As a general rule, to avoid penalties you need to pay […]
January 5, 2017

2016 Tax Filing Season

The IRS says the 2016 tax filing season begins January 23, 2017, for both paper and electronic filings.   
January 5, 2017

Final 2016 Estimated Tax Payment

The fourth and final installment of 2016 estimated tax for individuals is due January 17, 2017.  
December 28, 2016

Clean Your Financial House For The New Year

No matter whether you apply the expression to changes in attitude or to life adjustments, the end of the year is a great time to assess […]
December 21, 2016

S Corporation? Check your basis!

Typically, stock basis in an S corporation begins with the capital contribution you make to get the company started. At the end of each taxable year, […]
December 14, 2016

Retirement Tax Break Benefits for 2016

December 31 is the last day you can benefit from certain retirement tax breaks. For example, if you haven’t put the maximum amount allowed in your […]
December 13, 2016

Michigan Minimum Wage Increasing

Beginning January 1, 2017, the minimum wage rate in Michigan increases to $8.90 per hour.  This is the third step in 2014’s Public Act 138 which […]
December 7, 2016

Should You “Bunch” Your Medical Deductions?

Bunching deductions means timing the payments between years to get the best tax deduction. Since 2016 is the last tax year that taxpayers age 65 or […]
November 30, 2016

Social Security Wage Base Increase

If you’re an employer, you’ll need to withhold social security tax from a higher amount of your employees’ wages in 2017. The wage base for withholding […]
November 16, 2016

When Should I Move To The Cloud?

It’s never too late to move to the cloud!  There isn’t necessarily a best time or best way for each business to begin the transition.  One […]
November 10, 2016

2017 Social Security Benefits

In 2017, retirees under full retirement age can earn up to $16,920 ($15,720 in 2016) before social security benefits are reduced.  
November 2, 2016

“Everyone” is Not Your Customer

Indiscriminately trying to sell to “everyone” can dilute your message, muddy your image, and waste your company’s resources. To market effectively, you have to know your […]
October 26, 2016

Keep An Eye On Your Company’s Cash

Being aware of where your cash is going can help prevent theft or improper expenditures, which are among the chief sources of loss for small companies. […]
October 19, 2016

Fight Scammers The Old-School Way

Scam artists are relentless in finding ways to take your money. But some old-school methods are still effective for protecting yourself. Here are suggestions. Fortify your […]
October 12, 2016

IRS Scam Warning

The IRS has again issued a scam warning. The newest scam involves receiving via email a fake version of an IRS bill related to the Affordable […]
October 5, 2016

October 17 Deadlines

Did you extend your 2015 federal individual income tax return? October 17 is the final deadline. And if you put too much money in your IRAs […]
September 28, 2016

Asamu Johnson On Stage

Check out Asamu Johnson and The Associates of The Blues at the African American Art & Music Celebration last Saturday!    
September 21, 2016

Your Business, Your Salary

As the owner of your business, you are the decider of salaries for your staff. That’s true for your own salary too. While there is no […]
September 14, 2016

Education Tax Breaks

Are your children in college? You may be able to offset some of the costs of their education with tax breaks. Here’s a “tax primer.” Education […]
September 7, 2016

Deadline For Retirement Plan

Looking for a business retirement plan that you can set up for 2016? You have until October 1 to adopt a SIMPLE plan.  
September 7, 2016

Third Payment Due

Remember to make your third individual estimated tax payment by September 15. Contact us if you need help.  
August 31, 2016

Work-Related Education Costs

Are you going to school this fall to earn an advanced degree or to brush up on your work skills? If so, you might be able […]
August 17, 2016

Get Serious About Catching Up

If you’re age 50 or older, tax law has a permanent provision that lets you make extra contributions to your retirement plans. These “catch-up” contributions vary […]
August 10, 2016

Receive A Notice From The IRS?

The IRS sends millions of taxpayer notices every year. If you get one, don’t panic! Give us a call and we’ll help you sort out the […]
August 3, 2016

Start Preparing – New Overtime Rules

In May, the U.S. Department of Labor updated the rules for paying overtime. Under the new rules, salaried employees who earn less than $913 per week […]
July 27, 2016

Don’t Be Forced Out Of A 401(k)

When you change jobs and abandon vested amounts in your 401(k), your former employer has to follow IRS rules and plan provisions for dealing with your […]