While the government generally dictates how you can pay yourself with a salary or the equivalent of a salary, it also provides flexibility for you to make withdrawals.
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Credit unions have become an important source of funding for small businesses across Michigan. In this week’s podcast, Andrea Mosher, Senior Vice President of Credit Administration for Lake Trust Credit Union, […]
Your company has recently adopted an employee benefit plan. This is great news for your employees; however, do you understand your plan document?
A common question that arises when preparing an estate or trust return is, can capital gains be distributed to the beneficiary?
Did you know that although your business may only be physically located in Michigan, if you ship your products to customers in other states, you may also be required to collect and/or remit sales or …
When making decisions about your company's annual holiday party, it's useful to know what other employers are doing. An annual survey conducted by outplacement firm Challenger Gray asks companies for an overview of their holiday party …
Tune in this week to hear principal of Great Lakes Business Credit, Rhett Rowe talk about three common financing mistakes small businesses make.
As an employer, you must pay federal unemployment (FUTA) tax on amounts up to $7,000 paid to each employee as wages during the calendar year. Here are four ways to help control your unemployment tax costs.
These days, most businesses need a website to remain competitive. It’s an easy decision to set one up and maintain it. But determining the proper tax treatment for the costs involved in developing a website …
Small businesses may find it beneficial to barter for goods and services instead of paying cash for them.