Some believe that the Michigan property tax could help the state. According to James M. Hohman with The Mining Journal: “Michigan lawmakers passed a temporary income tax hike in 2007 that’s still with us, and despite the COVID-19 pandemic, Michigan’s finances are looking good. Lawmakers can afford to lower the income tax if it is...Read More
Curious about the current state of small businesses in Flint? Consider this. According to Flint&Genesee.org: “The state of small business in Flint and Genesee County is going under the microscope in early 2021. “The Flint & Genesee Chamber’s Economic Development unit is working the Ann Arbor-based consultant EntryPoint to gain a deeper understanding of the...Read More
There’s a new business initiative in Flint created by women of color in the area. According to ABC 12: “Women entrepreneurs are showing just how strong their voices are as one through a new Flint-forward and business-focused movement. “It is called Black Owned Buyout. “’It’s really just sparking this movement of collaboration that we couldn’t have...Read More
“Bookkeeping for Dummies” states that without bookkeeping, it’s impossible to measure the true success or failure of your business dealings. You won’t know that your $2,000 per-month magazine ad campaign isn’t worth the investment. You’ll have no idea why you barely have enough money to operate your business, and you won’t know where the money...Read More
Owning a successful business and actually running one are two quite different things. You might have huge amounts of capital and plenty of regular customers, but your business won’t thrive if you don’t have effective bookkeeping skills as well — at least if you intend to run the financial side of things yourself. Bookkeeping is an essential role that every...Read More
Dealing with taxes is a fact of life for small business owners. Annual expenditures for taxes for most owners are likely their largest outlay each year, exceeding rent or mortgage payments, marketing costs, and vehicle expenses (the only possible larger expenditure is payroll). Beyond payments to the government for all of the taxes you pay—income...Read More
Finding out that you owe taxes can be a bit unnerving, especially if you owe more than what you expected. Don’t worry — it is not the end of the world if you’ve gone through the numbers and you’re left with a tax bill. Here are a few steps to take: Get Ahead of It You...Read More
Tax season is approaching. But for many businesses, managing taxes can be a yearlong undertaking. In fact, there are many different types of deadlines you should be aware of throughout the year. 2019 Tax Calendar Here are the most important tax dates for businesses to know in 2019. 1099 Mailing Deadline, January 31 If your business works...Read More
Top 7 Benefits of Outsourcing Your Bookkeeping Operations The rise of the online community has changed the way in which we do business forever. It has brought us closer to people that can help with our day to day operations as well as backend business needs, enabling our businesses to run smoother and turn more...Read More
The Internal Revenue Service (IRS) might have your money. The tax agency has announced that more than $1.4 billion in outstanding refunds remain unclaimed from 2015. Yes, billion. That represents more than one million taxpayers who might have qualified for a refund but who did not file a federal income tax return for 2015. If you are...Read More