Resources for Metro-Detroit Businesses
Sometimes it’s easier to agree to something verbally, rather than put the agreement in writing. This is not usually a good business practice, however, because many problems can arise from …
Always Get it in Writing… Understanding the Statute of Frauds Read MoreWay back in 2006 Congress included a provision in the Tax Increase Prevention & Reconciliation Act (TIPRA) that eliminated the modified adjusted gross income phase out rules in regards to …
Favorable Roth Conversion Rules around the Corner Read MoreIf you’re always busy servicing clients or customers but you don’t have any money in the bank, there’s probably some place you haven’t looked for cash – your Accounts Receivable. …
Cash is King! Read MoreAs we all know, 2009 has not been an easy year for businesses, especially here in the Detroit area. However, economic struggles often create new opportunities, and we hope that …
Time to Give Thanks! (See you Monday) Read MoreLooking at the headline, you might say, “My day was very productive! I’m very organized. I accomplished everything I set out to do!” If you truly operate that way, then …
Be honest; how do you feel about the way you used your time today? Read MoreIn a previous article we had examined the fact that the Michigan Court of Appeals affirmed the common law principle that contract provisions that shorten the statutory period for bringing …
A Contract Could Effect Damages in a Lawsuit Read MoreI don’t know about you but one of my favorite (Ha Ha) tasks as a business owner is handling customer complaints . Of course never having had the problem personally, I …
Handling Customer Complaints Read MoreIn Michigan, persons in a learned profession requiring a license or other legal authorization to practice, including but not limited to, physicians, dentists, attorneys, and certified public accountants, must incorporate …
Overview of the Professional Entity Read MoreArbitration is often a better choice for the parties than litigation in court, because arbitration is often completed more quickly and with less legal expenses than a lawsuit in court. …
Challenging an Arbitration Award Read MoreI contributed a column to a newsletter in March of 1992 which was headed as “Straight Talk from Gary Field, CPA.” The column started out as follows; “Last year, General …
History Repeats Itself Read More