by Paula Kennedy, EA | Mar 20, 2020 | COVID-19
State Provides Guidance to Employers Contemplating Layoffs Source: Michigan Department of Labor and Economic Opportunity LANSING, MICH. The Department of Labor and Economic Opportunity today provided guidance to Michigan employers on how to avoid potential layoffs...
by Paula Kennedy, EA | Mar 16, 2020 | Tax
The 2019 gift tax return deadline is looming. If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2019 gift tax return. And in some cases, even if it’s not required to file...
by Paula Kennedy, EA | Feb 24, 2020 | Tax
Can the child tax credit help you? If you’re a parent, or if you’re planning on having children, you know that it’s expensive to pay for their food, clothes, activities and education. Fortunately, there’s a tax credit available for taxpayers with children under the...
by Paula Kennedy, EA | Feb 19, 2020 | Tax
Married couples often wonder whether they should file joint or separate tax returns. The answer depends on your individual tax situation. It generally depends on which filing status results in the lowest tax. But keep in mind that, if you and your spouse file a joint...
by Paula Kennedy, EA | Feb 5, 2020 | Tax
Wondering how to cut your tax bill? Consider an IRA. If you’re getting ready to file your 2019 tax return, and your tax bill is higher than you’d like, there may still be an opportunity to lower it. If you qualify, you can make a deductible contribution to a...
