News & Insights
2021 Child Tax Credit Updates & Advance Payments
July 2nd, 2021
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Business Tax Services |
Tax |
Tax Credits
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
July 2nd, 2021
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Business Tax Services |
COVID-19 Relief Services |
Tax |
Tax Credits
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
June 17th, 2021
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By Keith Pfeifle |
Tax Credits
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
March 5th, 2021
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Business Tax Services |
Tax |
Tax Credits
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
February 26th, 2021
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By Clayton Stiffler |
Business Tax Services |
COVID-19 Relief Services |
Tax |
Tax Credits
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 […]