by Brian Hare, CPA, CGMA | Mar 15, 2019 | Tax
Governor Whitmer has proposed a tax increase on some businesses to pay for the potential repeal of the so-called pension tax created under a 2011 tax code overhaul led by Governor Snyder. Here’s how the proposed tax increase may affect your business: Currently,...
by Brian Hare, CPA, CGMA | Jun 29, 2018 | Business
Now that small businesses and their owners have filed their 2017 income tax returns (or filed for an extension), it’s a good time to review some of the provisions of the Tax Cuts and Jobs Act (TCJA) that may significantly impact their taxes for 2018 and beyond....
by Brian Hare, CPA, CGMA | Feb 18, 2018 | Tax
While many provisions of the Tax Cuts and Jobs Act (TCJA) will save businesses tax, the new law also reduces or eliminates some tax breaks for businesses. One break it eliminates is the Section 199 deduction, commonly referred to as the “manufacturers’ deduction.”...
