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Michigan Offers Relief for Sales, Use and Withholding Tax
As the federal government and state governments across the country struggle to deal with the ongoing COVID-19 (Wuhan coronavirus) pandemic, state tax agencies are offering relief to taxpayers as the economy adapts to the social distancing requirements prescribed by the Centers for Disease Control (CDC). Michigan is following suit by extending certain protections to affected taxpayers.
IRS Announces Emergency Tax Relief for COVID-19
Please see the most recent update regarding the IRS Extended Tax Payment Deadline Notice. On March 18, 2020, the Internal Revenue Service released Notice 2020-17, providing information and guidance to taxpayers as the United States addresses the global COVID-19 (Wuhan coronavirus) pandemic.
Your Individual Retirement Plan and The SECURE Act (Pt. 1)
On December 20, 2019, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) was signed into law by President Trump. The SECURE Act made many significant changes to the treatment of retirement and other savings plans and corrected a few unfavorable changes that had been put in place from the TCJA.
Q1 2020 Tax Headlines For Business Owners
As Ben Franklin said, “In this world, nothing can be said to be certain, except death and taxes.” As the tax laws continue to evolve, you can’t even be certain about taxes anymore. Read on for a roundup of five tax headlines that taxpayers should know about in the new year.
Confused About New Meals & Entertainment Expense Rules?
The 2017 Tax Cuts and Jobs Act (TCJA) made significant changes to business provisions that affect a company’s ability to deduct meals and entertainment (M&E) expenses.
Running a Business Without a CFO? What You Should Know
There are many different functions associated with running a business, including marketing, administrative, and overall operations of the company. For many organizations, the finance and accounting function can be an overlooked area of the business as other areas may require more immediate attention. A Chief Financial Officer (CFO) can provide the financial acumen necessary for a company to develop a