Category Archives: Small Business

Post-Election Tax Policy: A briefing from CCH




This is a great briefing on what we can expect post-election when it comes to tax policy. An excerpt… President Obama secured a second term in office November 6, 2012, in the end winning the Electoral College by a wide margin. The President’sre-election … Continue reading






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Personal Opinion: What will happen to taxes in 2013?




With the election over, the two parties can now (hopefully) focus on tax reform. CORPORATE TAX REFORM: Both parties agree that lowering the overall corporate tax rate while eliminating deductions and “loopholes” is a good idea… so I imagine that this … Continue reading






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USA Today Article: Looming small business tax hike explained




Here’s the link.






Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Personal Finance, Small Business | Comments Off on USA Today Article: Looming small business tax hike explained

REPOSTING: Year End Tax Planning




We are fast approaching the end of the 2012 tax year and that is the perfect time to do some end of year tax planning… before it is too late. Many tax planning decisions can only be made before December … Continue reading






Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Michigan Taxes, Personal Finance, Small Business | Comments Off on REPOSTING: Year End Tax Planning

Alternative Minimum Tax (AMT)… Planning for the end of 2012




As of this post, Congress has not acted to “patch” the AMT exemption amount for 2012. It is very likely that they will as stated here, but an adequate tax plan necessitates that you calculate your projected tax liability under … Continue reading






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Year End Tax Projections




Although September is not even over, it is a good time to start thinking about year end tax planning. I know it does not sound like fun, but a little advance planning will almost always help you reduce the taxes you … Continue reading






Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 S Corporation Taxes, Michigan Taxes, Personal Finance, Small Business, Tax filing due dates | Comments Off on Year End Tax Projections

A business start up checklist from the SBA




If you are starting a business, here’s a good place to find some useful information. SBA Small Business Startup Checklist.






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AICPA Article on Tackling Health Care Reform




Here’s a good summary of the health care reform bill and what it means to your business.






Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, IRS, Small Business | Comments Off on AICPA Article on Tackling Health Care Reform

Shareholder Compensation and Health Insurance Premiums




If you have an S Corporation, this is a must read… S Corporation Compensation and Medical Insurance Issues When computing compensation for employees and shareholders, S corporations may run into a variety of issues. The information below may help to clarify … Continue reading






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Common Small Business Mistakes




According to the U.S. Small Business Administration (SBA), a small business is one that employs fewer than 500 employees, a definition that applies to a wide swath of companies. In fact, the SBA says that small businesses account for 99.7% … Continue reading






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