News & Insights

Many Business Tax Limits Have Increased in 2025

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A variety of tax-related limits that affect businesses are indexed annually based on inflation. Many have increased for 2025, but with inflation cooling, the increases aren’t as great as they […]

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Lost and Found: Regaining Your Nonprofit’s Tax-Exempt Status

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The IRS regularly revokes the tax-exempt status of not-for-profits — mostly for failing to file annual information returns. Losing your exempt status can be devastating. Donors won’t be eligible to […]

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Funding Your Business: What Small Business Owners Need to Know About Financing

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Running a small business often requires periodic cash infusions, and knowing how to secure the right funding can determine whether your business succeeds or struggles. Let’s explore the three primary […]

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New Changes by the IRS to Look Out for in the 2025 Filing Season

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By Caroline Huffman  The filing season starts January 27, 2025, and a few changes were made just in time for the start of this new season.   The IRS expects more […]

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Michigan’s Research and Development Tax Credit: What Your Business Needs to Know

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On January 13, 2025, Governor Gretchen Whitmer signed HB 5100 and 5101 into law, ushering in a transformative opportunity for Michigan businesses. These bipartisan bills introduce a new Research and […]

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