» Tax Issues

With a sizeable portion of the workforce continuing to work remotely, many taxpayers may be wondering whether they qualify for a home office deduction. Employees are not eligible for the deduction, even those who work 100% remotely. Only self-employe… Read More

You have likely heard or read advertisements encouraging you to call a certain consulting service regarding qualification for the Employee Retention Credit (ERC). This refundable tax credit encourages businesses that were financially impacted by COVI… Read More

“Crowdfunding” is a popular fundraising mechanism that uses websites to solicit contributions from the general public. Individuals organize crowdfunding campaigns to benefit charities or other people, and even to benefit themselves — typica… Read More

The IRS has issued inflation adjustments for certain sections of the Internal Revenue Code. Of interest to our estate planning clients, the federal estate exemption amount for decedents who die in 2022 has been increased to $12.06 million per individ… Read More

Signed into law on November 15, 2021, the $1.2 trillion Infrastructure Investment and Jobs Act (“the IIJA”) contains various provisions that may be of interest to small businesses and other employers. In a prior article, we advised that the Emplo… Read More

Millions of American taxpayers received federal benefits intended to provide relief from the economic impact of COVID-19 shutdowns, in the form of stimulus payments and unemployment compensation, during 2020. As we begin the new year and look to the… Read More

You may have noticed that the IRS has been pushing us more and more toward electronic filings, as opposed to paper. Up until now, most nonprofits have escaped that push. That exemption from electronic filing requirements vanished this summer, however… Read More

If you’ve lived in Michigan a while, you know that we have a quirky system for determining the “Taxable Value” of residential real estate. Under Proposal A (passed in 1994), the increase in the taxable value of residential real estate cannot ex… Read More