On Thursday, January 26, the Michigan Court of Appeals overturned a ruling from a lower court that would have boosted the state’s minimum wage even higher than increases already enacted at the start of the year. In a 3-0 ruling, the court...
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Year-end tax planning is seldom a simple proposition. With this in mind, we have prepared a comprehensive 2022 Year-End Tax Planning Letter. For your convenience, there are two letters, one for individuals and one for businesses: Individual Tax...
More InfoYear-end tax planning is seldom a simple proposition. With this in mind, we have prepared a comprehensive 2021 Year-End Tax Planning Letter. For your convenience, there are two letters, one for individuals and one for businesses: ...
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On November 5, the House voted to pass the Infrastructure Investment and Jobs Act (IIJA), which had previously passed in the Senate. The bill now heads to the White House, where President Biden is expected to sign it into law. Though the main...
More InfoOn July 28, the U.S. Small Business Administration (SBA) released an update to the forgiveness process for the majority of Paycheck Protection Program (PPP) loans. The goal of the new guidance is to streamline the process for PPP participants...
More InfoThe Employee Retention Credit (“ERC”) continues to be available through December 31, 2021, for qualifying employers impacted by COVID-19. Additionally, qualifying Paycheck Protection Program (PPP) participants are retroactively eligible to claim...
More InfoClick here to download the Employee Retention Credit Comparison Chart (.pdf) »
More InfoFor the second year in a row, the federal income tax filing due date for individuals has been postponed. The postponements come as a part of the fallout of the coronavirus pandemic and the legislation that has resulted from it, which has added...
More InfoThe American Rescue Plan Act (ARPA) was passed by the Senate on Saturday, March 6 and in the House on Wednesday, March 10. The $1.9 trillion relief bill now heads to President Biden’s desk. He signed the bill into law on Thursday, March 11. Read...
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