Senior tax-saving alert: Make charitable donations from your IRA
December 11, 2024 | Caleb Pulst
Making charitable donations from your IRA. This can help Seniors save on their taxes.
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How inflation will affect your 2024 and 2025 tax bills
December 4, 2024 | Megan Kosciolek, MST
Will inflation affect your 2024-2025 tax bills? Read this blog to find out.
When can you deduct business meals and entertainment?
December 4, 2024 | Paula Kennedy, EA
Meals and entertainment- have you been wondering what the new regulations are for deducting them from your business taxes?
Michigan’s Minimum Wage Updates: Essential Information for Employers- Written by Erica Jilek
November 26, 2024 | Jennifer Springer
Read this article about Michigan’s Minimum Wage Updates that we found super helpful written by Erica Jelik.
Michigan’s New Earned Sick Time Act Set to Take Effect in February 2025
November 25, 2024 | Kaitria LaFleure
Introduction Starting February 21, 2025, Michigan will implement the Earned Sick Time Act (ESTA), a significant update to the state’s labor laws. This new legislation mandates that all employers provide paid sick leave to their employees, marking a substantial shift in worker rights and benefits. Key Provisions of the Earned Sick Time Act The ESTA […]
Federal Court Strikes Down New Increases to Exempt Salary Thresholds
November 25, 2024 | Kaitria LaFleure
Introduction In a significant legal development, the U.S. District Court for the Eastern District of Texas has struck down the U.S. Department of Labor’s (DOL) new exempt salary thresholds rule. This rule aimed to increase the salary thresholds for exemption from overtime pay under the Fair Labor Standards Act (FLSA). This decision has far-reaching implications […]
Get tax breaks for energy-saving purchases this year because they may disappear
November 22, 2024 | Ryan Burke, CPA, MSF
This may be the last year to get tax breaks for energy saving purchases. Read the blog to find out more
Self-employment tax: A refresher on how it works
November 22, 2024 | Paula Kennedy, EA
Do you need to know how self-employment tax works? Here is a quick refresher for you.
Unlocking the mystery of taxes on employer-issued nonqualified stock options
November 13, 2024 | Megan Kosciolek, MST
Do you have employer issued nonqualified stock options? If so read on to find out the tax issues you may face with them.
The amount you and your employees can save for retirement is going up slightly in 2025
November 13, 2024 | Brian Hare, CPA, CGMA
In 2025 the amount that you and your employees can save for retirement is going up slightly. Read on to find out more.
You don’t have to be in business to deduct certain vehicle expenses
October 31, 2024 | Megan Kosciolek, MST
Can you deduct vehicle expenses even if your don’t own a business? Read on to find out.