» Now You Know It

No one wants to think about their parents passing away. However, having difficult conversations now about your parents’ estate plan (or lack thereof) can provide peace of mind for your parents and their loved ones for when that day comes. Many peop… Read More

Your neighbor kid mows your lawn. A guy from church fixes your broken slider door. Can you pay them cash? Probably. How about your full-time nanny? Probably not. Drawing the line between independent contractors (who receive IRS Form 1099 and pay thei… Read More

As January comes to a close, it’s important to remember that reviewing and possibly updating your estate plan should still be among your new year’s resolutions. There may be several obvious reasons why you might need to update your estate pla… Read More

Last month, we addressed strategies for promoting employee mental health. (Get caught up on Part I here.) In this edition, we examine the possibility of amorphous mental health concerns being used to abuse workplace policies. Savvy employers know to… Read More

We’ve been posting, along with many others, about the new federal Corporate Transparency Act. (Read our overview here.) The Act requires most small and medium-sized companies (“Reporting Companies”) to disclose to the U.S. Treasury Department i… Read More

You gave your spouse your heart, but did you know that you can also give them unlimited gifts during your life or after your death that are free of gift and estate tax? The “unlimited marital deduction” is an important tool for transferring subst… Read More

Starting January 1, 2024, the minimum wage increased in Michigan. Depending on an anticipated ruling by the Michigan Supreme Court, it could increase again this same year. We lay out the new rates below, but first a brief recap of how we got here and… Read More

How do you plan for digital assets? Most of our financial information, social interactions, and family sentiments are in some form of digital storage. These are commonly called “digital assets.” More and more of our lives are no longer in tangibl… Read More