On July 22, 2026, Governor Whitmer signed three bipartisan bills, Senate Bills 721, 722, and…
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SBA Issuing Restaurant Revitalization Fund Claw Back Demands to Hotel, Motel, Resort, and Mixed-Use Restaurant Businesses
July 3, 2026
The U.S. Small Business Administration appears to be conducting a broad post-award recovery campaign targeting…
For startup founders backed by venture capital, estate planning aims to manage timing, liquidity, and…
H.R. 1 (the Act), formerly known as or nicknamed the “One Big Beautiful Bill Act”,…
For tax years beginning on or after January 1, 2024, eligible Michigan taxpayers who wish…
The IRS recently finalized regulations (TD 9992) that stand to significantly affect foreign investment in…
Say you own one half of an LLC that is taxed as a partnership. You…
IRS Declares NIL Collectives Not Tax-Exempt: Implications for Athletic Boosters
June 14, 2023
In a significant development for higher education athletic boosters, the Internal Revenue Service (IRS) recently…
Under IRC Section 1202, noncorporate taxpayers generally may exclude 100% of their gain (subject to…
On September 28, 2022, U.S. Senators Ben Cardin (D-Md.), a member of the Senate Finance…
Filing Tax Returns and Making Tax Payments: Best Practices During the Pandemic and Beyond
February 3, 2022
With staffing shortages and service center closures, it should come as no surprise that the…
Recently you came across an exciting startup company that is developing an app for business…
As a follow up to our tax advisory issued December 23, 2021, pertaining to Michigan’s…
Michigan Tops the Growing List of States with a SALT Cap Workaround for Pass-Through Entities
December 23, 2021
On Monday, December 20, 2021, Michigan Gov. Gretchen Whitmer signed into law House Bill 5376…
Since the pandemic began in March 2020, IRS Collection has taken efforts to assist taxpayers…
If you think the IRS will not find out about your cryptocurrency, think again. With…
Yearly Tax Gap of $1 Trillion Drives Calls for Increased IRS Budget and Enforcement
April 14, 2021
This week IRS Commissioner Chuck Rettig testified before the Senate Finance Committee that the projected…
After months of debate regarding the federal government’s third round of COVID-19-related economic stimulus, President…
Good news for H-2A employers: the IRS has reversed course on its interpretation of whether…
Numerous Areas of Tax Relief for Businesses Provided in the 2021 Consolidated Appropriations Act (CAA)
December 29, 2020
In its continuing efforts to mitigate the economic effects of COVID-19, on December 27, 2020,…