News & Insights
Low Income Housing Tax Credits & Pitfalls of Income Averaging
June 17th, 2021
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By Keith Pfeifle |
Tax Credits
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
June 8th, 2021
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Business Tax Services |
Tax
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
March 5th, 2021
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Business Tax Services |
Tax |
Tax Credits
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
February 26th, 2021
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By Clayton Stiffler |
Business Tax Services |
COVID-19 Relief Services |
Tax |
Tax Credits
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
July 17th, 2020
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Business Tax Services |
Tax |
Tax Credits
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 […]