Detroit Business Law – Resources for Metro-Detroit Businesses
Resources for Metro-Detroit Businesses
A client recently called to discuss business travel. She frequently attends conferences and training seminars around the country and was concerned that her high travel expense might be a red …
Deducting Business Travel Read MoreTaxmageddon is about to befall us all. Not only are the favorable rates implemented by the Bush Administration about to expire 1/1/13 but there are new Medicare and investment taxes …
New Medicare and investment taxes for high-income taxpayers Read MoreOdds are that at some point in your business career you will be contacted by the IRS via mail or in person. The article attached entitled “10 things to know …
Contact by the IRS Read MoreThis time of the year in particular I am reminded of the Burger King commercial that asked the simple question “Where’s the beef?” This is so because with April 17th …
“Where’s the beef?” Read MoreFor the owners of an S-corporation there is always the allure to minimize their own wage for one very simple reason; to avoid payroll taxes. While I certainly understand the …
Reasonable Compensation Read MoreToo many times over the years we have seen individual income tax returns rejected or taxpayer refunds held up by the IRS because they couldn’t match taxpayer names and social …
How to stay off the mailing list with the IRS; practical advice Read MoreAs most business owners are aware, the depreciation rules for 2011 created significant benefits for businesses large and small. However, 2012 will not provide that same advantages and as a …
2011 vs. 2012 Depreciation Rules Read MoreThis is certainly a good news, bad news message. That the cost of living for all of us, from food to commodities like gasoline, has gone through the roof over …
2012 COLA Adjustments Announced Read MoreBy this point virtually every business owner in Michigan has received a State mailing putting them on notice that they are looking for any unclaimed property businesses may hold. This …
Michigan Unclaimed Property Notices Read MoreThe IRS has recently announced that the deadline to file your 2011 tax return and pay any balance due has been moved to Tuesday April 17, 2012. For more information …
Extended Due Dates for Filing of 2011 U.S. Individual Income Tax Returns Read More