CPA advice Tag

Even the savviest of small- and medium-sized business (SMB) owners and operators have some common and seemingly insignificant business habits that creep into day-to-day work. All told, these bad habits can seriously impact a business’ longer-term profitability and viability. Maybe you’re dealing with tangible, finance-related issues....

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...