News & Insights
News
Insights
Recent Posts
- New Law Extends Tax Relief for Disaster-Related Personal Casualty Losses and More
- Watch Out for the Growing Reach of the Additional 3.8% Tax on Investment Income
- How to Avoid and Correct Common Payroll Tax Mistakes
- A Small Business Primer on Expense Deductions
- AI and Emerging Technology: A Practical Guide for Nonprofits
- Build Credibility with Audited Financial Statements
- Strengthen Trust in Your Nonprofit With a Conflict-of-Interest Policy
- Maner Costerisan Strengthens Grand Rapids Presence with New Office
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Don’t Have a Tax-Favored Retirement Plan? Set One Up Now
If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for significant tax-deductible contributions. For example,…
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Payroll Risk Management: 7 Common Pitfalls for Small to Midsize Businesses
If you run one of the many small to midsize businesses managing payroll internally, you may not pay much attention to your payroll system so long as it’s running smoothly.…
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Scrupulous Records and Legitimate Business Expenses are the Key to Less Painful IRS Audits
If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept. Specifically, you should carefully record expenses to claim…
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Business Owners, Your Financial Statements are Trying to Tell You Something
Business owners are commonly and rightfully urged to regularly generate financial statements in compliance with Generally Accepted Accounting Principles (GAAP). One reason why is external users of financial statements, such…
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Coordinating Sec. 179 Tax Deductions with Bonus Depreciation
Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a big help in achieving this goal: first-year Section 179 depreciation deductions…