Turn a summer job into tax savings: Hire your child and reap the rewards
April 16, 2025 | Paula Kennedy, EA
Does your child need a summer job? If you own your own business consider hiring them for tax benefits.
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2023 Q1 tax calendar: Key deadlines for businesses and other employers
December 22, 2022 | Ryan Burke, CPA, MSF
Read to learn all about key deadlines for 2023 Q
Selling stock by year-end? Watch out for the wash sale rule
December 19, 2022 | Paula Kennedy, EA
Don’t sell your stock shares at a loss until you read about the wash sale rule.
Federal Student Loan Forgiveness 101
December 16, 2022 | Ryan Burke, CPA, MSF
Everything You Wanted to Know about Federal Student Loan Forgiveness but Were Afraid to Ask.
Do you qualify for the QBI deduction? And can you do anything by year-end to help qualify?
December 15, 2022 | Megan Kosciolek, MST
Read to learn if your business qualifies for a QBI deduction.
Minimum Wage in Michigan Increases on January 1, 2023
December 13, 2022 | Skyler McCurry
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 […]
Choosing a business entity? Here are the pros and cons of a C corporation
December 10, 2022 | Ryan Burke, CPA, MSF
Summary of the advantages and disadvantages of starting a C-Corporation.
Strategies for investors to cut taxes as year-end approaches
December 7, 2022 | Brian Hare, CPA, CGMA
Tax-harvesting. When is the right time to use this strategy?
Is your business closing? Here are your final tax responsibilities
December 4, 2022 | Megan Kosciolek, MST
Read to learn about final tax responsibilities when you are closing your business.
Year-end giving to charity or loved ones
November 30, 2022 | Paula Kennedy, EA
Basic Tax Rules for donating to Charity or Loved Ones this holiday season.
Computer Software Costs: How Does Your Business Deduct Them?
November 21, 2022 | Brian Hare, CPA, CGMA
These days, most businesses buy or lease computer software to use in their operations. Or perhaps your business develops computer software to use in your products or services or sells or leases software to others. In any of these situations, you should be aware of the complex rules that determine the tax treatment of the […]