Several ways to defer the tax on gains
When a sale of a business or investment property results in a gain, the seller is typically taxed on that gain during the year of the sale, even when the gain was generated over many …

When a sale of a business or investment property results in a gain, the seller is typically taxed on that gain during the year of the sale, even when the gain was generated over many …

Shakespeare’s words don’t apply just to Julius Caesar; they also apply to calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnerships or S corporations for tax purposes. Why?

One of the most basic supervisory/human resource responsibilities should be documentation of performance and disciplinary actions; however, it is often the most neglected.
Not a fan of state and local governments offering special tax breaks and/or cash to lure companies to their locale?
The Legislature was within its right to amend two citizen-initiated laws during the same legislative session in which they were adopted, the chair of the Michigan Law Revision Commission told MIRS Wednesday.

Article by Gordon Advisors, P.C. There are probably several dozen questions you could ask a small business accountant vying to work for your company. But would you also take the […]

The ways in which a CPA can be a trusted advisor for your small business
With the passage of and impending enactment date (March 29, 2019) of Michigan’s new Paid Medical Leave Act, employers that are covered are hastily reviewing their existing vacation, sick, and personal time, as well as …

By Kristen Cifolelli, courtesy SBAM Approved Partner ASE While Michigan employers are preparing for the new Michigan Paid Sick Leave Act that takes effect on March 29th, another paid […]

The Small Business for a Better Michigan (SBBM) today expressed support for House Resolution 25 and Senate Resolution 16, taken up by the House and Senate today, calling on the Michigan Supreme Court to opine …
A legal challenge to take down the Legislature's lame duck changes to the state's minimum wage and paid sick leave proposals is coming soon, MIRS has learned.
Secretary of State (SOS) Jocelyn Benson said Tuesday she'd be forming an office within the SOS to implement the independent redistricting commission, the voter-approved panel that will redraw the 2021 legislative and congressional boundaries.

Many businesses will pay less federal income taxes in 2018 and beyond, thanks to the Tax Cuts and Jobs Act (TCJA). And some will spend their tax savings on merging with or acquiring another business.

In her State of the State address Governor Whitmer covered a wide range of issues, but many of the details will not be available until the budget is presented next month.

Rich Tegge, owner of Wealth Strategy Group in Marquette, talks with host Michael Rogers about small business risk management and long term financial planning. Tegge serves on SBAM’s Board of Directors. […]

Small businesses frequently need to work with consultants, prototype makers and pilot production manufacturers to develop new products or manufacturing processes.

If you haven’t put your background disclosure forms through a legal audit recently, you should.