News & Insights

Low Income Housing Tax Credits & Pitfalls of Income Averaging

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The Consolidated Appropriations Act of 2018 created a new minimum set aside election for new Low Income Housing Tax Credit (LIHTC) projects. Income averaging is one of the set-aside elections […]

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Help Ensure the IRS Doesn’t Reclassify Independent Contractors as Employees

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Many businesses use independent contractors to help keep their costs down. If you’re among them, make sure that these workers are properly classified for federal tax purposes. If the IRS […]

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Work Opportunity Tax Credit Extended Through 2025

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Are you a business owner thinking about hiring? Be aware that a recent law extended a credit for hiring individuals from one or more targeted groups. Employers can qualify for […]

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Utilizing Employee Retention Credits for a Strong 2021

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The construction industry experienced varying degrees of impact from the COVID-19 pandemic, with many jobs forced to either fully or partially shut down during Michigan’s shelter-in-place orders last spring. Companies […]

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Research and Development Tax Credits

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In order to reward and drive innovation, the federal government offers an incentive through the Research and Development Tax Credit (R&D). Many companies are either unaware of this credit or […]

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