News & Insights
President Trump’s Tax Plan: What Proposals are Being Discussed in Washington?
February 7th, 2025
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Business Tax Services |
High Net Worth |
Tax |
Tax Credits
President Trump and the Republican Congress plan to act swiftly to make broad changes to the United States — including its federal tax system. Congress is already working on legislation […]
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Many Business Tax Limits Have Increased in 2025
February 4th, 2025
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Business Tax Services |
Tax
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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New Changes by the IRS to Look Out for in the 2025 Filing Season
January 28th, 2025
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Business Tax Services |
Tax
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 R&D Tax Credit: What Your Business Needs to Know
January 22nd, 2025
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By Matt Latham |
Business Tax Services |
Tax |
Tax Credits
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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How Section 1231 Gains and Losses Affect Business Asset Sales
January 9th, 2025
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Business Tax Services |
Tax
When selling business assets, understanding the tax implications is crucial. One area to focus on is Section 1231 of the Internal Revenue Code, which governs the treatment of gains and […]