by Jennifer Springer | Jan 16, 2025 | Blog, Business, Tax
New and used “heavy” SUVs, pickups and vans placed in service in 2025 are potentially eligible for big first-year depreciation write-offs. One requirement is you must use the vehicle more than 50% for business. If your business usage is between 51% and 99%, you may be...
by Jennifer Springer | Jan 9, 2025 | Uncategorized
According to the U.S. Bureau of Labor Statistics, the unemployment rate continues to be historically low, ranging from 4.0% to 4.3% from May to November of 2024. With today’s hiring challenges, business owners should be aware that the Work Opportunity Tax Credit...
by Jennifer Springer | Nov 26, 2024 | Blog
Minimum Wage Increases in 2025 The Michigan Supreme Court recently reinstated voter-initiated versions of the state’s minimum wage and paid sick leave laws, resulting in significant changes to the minimum wage rates. On October 1, 2024, the Michigan Department...
by Jennifer Springer | Aug 8, 2024 | Blog, Tax, Uncategorized
Federal estimated tax payments are designed to ensure that certain individuals pay their fair share of taxes throughout the year. If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This is...
by Jennifer Springer | Jul 11, 2024 | Uncategorized
The current estate tax exemption amount ($13.61 million in 2024) has led many people to feel they no longer need to be concerned about federal estate tax. Before 2011, a much smaller exemption resulted in many people with more modest estates attempting to avoid it....
