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NEWS

Under the TCJA, certain future alimony payments will no longer be deductible by the payer. Also, alimony will no longer be considered income to the recipient. Therefore, for divorces and legal separations that are executed (that come into legal existence due to a court order) after...

As the year is winding down, it is time to start thinking about some tax planning. [caption id="attachment_18421" align="alignright" width="200"] JONATHAN M. DEHOEK Associate, EA | Tax and Audit Specialist[/caption] Business owners as you know your income and expenses can fluctuate from year to year.  Now is...

Back in 2015, Governor Snyder and the Michigan legislature eliminated taxation of personal property for most small businesses. Specifically, those with personal property with less than $80,000 value, according to the state’s assessment guidelines. Basically, depreciated book value. However, to obtain the exemption, Michigan small businesses...