News & Insights
How Will Revised Tax Limits Affect Your 2022 Taxes?
January 19th, 2022
|
High Net Worth |
Tax
While Congress didn’t pass the Build Back Better Act in 2021, there are still tax changes that may affect your tax situation for this year. That’s because some tax figures […]
READ MORE
Businesses With Employees Who Receive Tips May Be Eligible for a Tax Credit
January 19th, 2022
|
Accounting & Outsourced Solutions |
Tax
If you’re an employer with a business where tipping is customary for providing food and beverages, you may qualify for a federal tax credit involving the Social Security and Medicare […]
READ MORE
Are You Eligible for a Medical Expense Tax Deduction?
January 19th, 2022
|
High Net Worth |
Tax
You may pay out a bundle in out-of-pocket medical costs each year. But can you deduct them on your tax return? It’s possible but not easy. Medical expenses can be […]
READ MORE
New Michigan Tax Act May Help Deduct State and Local Taxes
December 23rd, 2021
|
By Matt Latham |
Business Tax Services |
Tax
On December 20, Governor Whitmer signed into law PA 135 of 2021, which amends the Income Tax Act to create a flow-through entity tax in Michigan. This allows certain pass-through […]
READ MORE
Michigan Personal Property Tax Legislation Updates
December 8th, 2021
|
By Matt Latham |
Tax
There is certain to be a flurry of activity in the Michigan state legislature over the next few weeks, as deadlines approach for bills to be signed into law before […]