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If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown of the rules Renting out a home or apartment that you own may result in a tax loss for you, even if the rental income is more than your operating […]

Tips on how to get the most out of your 401(K) Plan

Business owners quick guide to Guaranteed Payments and QBI Deductions.

Read to learn all about key deadlines for 2023 Q

Don’t sell your stock shares at a loss until you read about the wash sale rule.

Everything You Wanted to Know about Federal Student Loan Forgiveness but Were Afraid to Ask.

Read to learn if your business qualifies for a QBI deduction.

Starting to take effect on January 1, 2023 the minimum wage in Michigan: Will increase from $9.87 to the new rate of $10.10. This is a $0.23 increase from the current rate. The 85% rate for minors aged 16 and 17 will increase from $8.39 to $8.59 per hour. This is a $0.20 increase from […]

Summary of the advantages and disadvantages of starting a C-Corporation.

Tax-harvesting. When is the right time to use this strategy?