Tax planning is the process of managing your financial plan with the goal of reducing your tax liability and safeguarding assets at the federal and state level. Most tax planning involves deductions, credits and current vs. future tax rates. When tax planning, you...
An IRS audit takes place when the Internal Revenue Service (IRS) chooses to investigate a taxpayer to ensure that tax laws are being followed. Filing your tax return entirely, accurately and truthfully will reduce the odds of being audited and increase the likelihood...
The reason I chose to become an accountant in Clarkson, Michigan was due to my family, which consists of my beautiful wife, Cassie, and our three children, Ben (12), Waylon (4) and Charlotte (2); you can imagine how much they all mean to me. As many of you already...
Business owners and other industry professionals are adapting and adjusting to the new normal, as states slowly begin to lift measures enacted to curve the spread of COVID-19. The CPA profession is not exempt from this adjustment, and as a result, have experienced an...
I’d be willing to bet that most small business owners don’t wake everyday excited and ready to conquer their books. Perhaps, if you’re like most entrepreneurs, balancing your business accounts is often ignored and becomes a sensitive subject, a...
