News & Insights
When Can Seniors Deduct Medicare Premiums on their Tax Returns?
June 16th, 2023
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Tax
If you’re age 65 and older and have basic Medicare insurance, you may need to pay additional premiums to get the level of coverage you want. The premiums can be […]
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Three Tax Credit Opportunities for Manufacturers Under the Inflation Reduction Act
June 13th, 2023
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Tax |
Tax Credits
In 2022, Congress passed the Inflation Reduction Act (IRA), a broad piece of legislation featuring provisions to advance clean energy production and domestic manufacturing capacity. Changes to tax credits and […]
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Michigan Sales and Use Tax Changes
May 31st, 2023
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By Matt Latham |
Tax
On April 26, 2023, Governor Whitmer signed Public Acts 20 and 21 of 2023 which alters the way businesses charge sales and use tax. Beginning on April 26, 2023, most […]
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The IRS Has Just Announced 2024 Amounts for Health Savings Accounts
May 23rd, 2023
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Accounting & Outsourced Solutions |
Tax
The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA fundamentals An HSA is a trust created or organized exclusively for the purpose of […]
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Social Security’s Future: The Problem and the Proposals
May 18th, 2023
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Accounting & Outsourced Solutions |
Tax |
Wealth Management
Recent reports have raised anew concerns about the impending insolvency of the Social Security program, absent congressional action. Social Security reform has long been considered a “third rail” of American […]