Direct Deposit Info on the IRS website?

Dear Friends,

We have had several clients inquire about where they can go to update their direct deposit information on the IRS website. Taxpayers who previously received paper checks or have since changed bank accounts should be able to go online soon…

In the coming weeks, Treasury plans to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail.

Check the IRS.gov link below for updates and for answers to other Frequently Asked Questions:

https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know

And as always, feel free to reach out to an H&S professional!

H&S 2019 Tax Newsletter

We hope that you enjoyed the holidays and that 2019 is off to a great start! For us, the new year brings a new tax season and a new tax newsletter.

Our annual tax newsletter is full of many new tax law changes, and we hope you find it helpful. Please feel free to contact your H&S tax professional if you have any questions – we are here to help!

Click the image below to download a copy of our 36th annual tax newsletter. Please feel free to pass it on!

Click to Download Newsletter

If you’d also like a copy of the checklist or questionnaire, please click the links below to download:

H&S Tax Questionnaire

H&S Tax Checklist

Postcard tax return, not so simple afterall…

AccountingToday explains why the newly unveiled postcard tax return isn’t so simple afterall. Click the link below to read more!

AccountingToday explains Postcard Tax Return

Research & Development Tax Credits

You don’t need to work in a lab to perform research and development (R&D). Frequently, asking the simple question of, “How could this be better?” kicks off a process of discovery that the IRS would define as R&D. If your business ever asks itself this question, click on the image below to find out if you might qualify for the Federal Research and Development Tax Credit.

 

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Click to Download

Turn-key Payroll Services

Our Payroll Specialists at H&S take care of your payroll needs from start to finish with turn-key services. Why take the time to stay up-to-date with ever-changing payroll rules? Let us ensure you meet all compliance regulations. Click on the image below to download our one-pager detailing everything we offer.

Click to Download our Payroll one-pager

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Retirement Plan FAQs

Retirement Planning can be tough, there are several factors consider. We thought we’d spend some time and answer some commonly asked questions…

1. I’ve worked hard for my money, how can H&S help me save for retirement?
2. I have never looked at setting up a retirement plan. What are my alternatives?
3. Are there any trip wires to taking retirement plan distributions?
4. I have a small company – how can I afford a large company 401k plan?

Click the image below to download our one-pager!

Click to Download

Click to Download

CPA's & Business Advisors

Trump Tax Cut Clean Up Signed With $4,900 Personal Exemption

Did you know? Michigan is the first state to enact a law designed to prevent a potential surprise state tax increase of as much as $1.5 billion from President Donald Trump’s tax reform plan. Gov. Rick Snyder signed this legislation, flanked by both legislative leaders and Lt. Gov. Brian Calley on Wednesday.

Click here to read the full article by the Small Business Association of Michigan!

MI State Capitol Bldg

Tax Extenders Passed!

In case you missed it, the tax extenders included in the budget deal passed on February 8th. Of course, please feel free to reach out to your H&S tax professional with questions about these provisions.

Click the image below to download a summary of tax provisions extended as part of the budget deal signed 2/9/18!

Click to Download

Click to Download

H&S 2018 Tax Newsletter

Well folks it’s here, another new year! Happy 2018! We hope you enjoyed the holidays, and were able to spend time with family and friends.

Our annual tax newsletter is full of many new tax law changes, and we hope you find it helpful. There are sure to be questions, so please feel free to contact your H&S tax professional – we are here to help!

Click the image below to download a copy of our 35th annual tax newsletter. Please feel free to pass it on!

Click to Download Newsletter

Click to Download Newsletter

If you’d also like a copy of the checklist or questionnaire, please click the links below to download:

H&S Tax Checklist

H&S Tax Questionnaire

2017 Tax Reform! Last-minute year-end moves…

Check out this letter for last-minute year-end moves you can make, in light of the Tax Cuts and Jobs Act.

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Click to Download the PDF letter