News & Insights

2021 Child Tax Credit Updates & Advance Payments

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The American Rescue Plan Act (ARPA) of 2021 added several significant changes to the Child Tax Credit for 2021. Some of the changes include: Increasing the credit from $2,000 to […]

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Eligible Businesses: Claim the Employee Retention Tax Credit

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The Employee Retention Tax Credit (ERTC) is a valuable tax break extended and modified by the American Rescue Plan Act (ARPA), enacted in March of 2021. Here’s a rundown of […]

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Low Income Housing Tax Credits & Pitfalls of Income Averaging

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The Consolidated Appropriations Act of 2018 created a new minimum set aside election for new Low Income Housing Tax Credit (LIHTC) projects. Income averaging is one of the set-aside elections […]

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Work Opportunity Tax Credit Extended Through 2025

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Are you a business owner thinking about hiring? Be aware that a recent law extended a credit for hiring individuals from one or more targeted groups. Employers can qualify for […]

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Utilizing Employee Retention Credits for a Strong 2021

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The construction industry experienced varying degrees of impact from the COVID-19 pandemic, with many jobs forced to either fully or partially shut down during Michigan’s shelter-in-place orders last spring. Companies […]

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