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IRS announces two new online tools to help families manage Child Tax Credit payments…

Clients & friends, today the IRS announced two new online tools families can use to help manage their Child Tax Credit payments.

There is now a portal to unenroll from advance payments on the child tax credit. Also note that for those who are married, both spouses will need to unenroll.

For all the details, please click the link below! And as always, feel free to reach out to your CPA or tax professional at H&S with any questions!

Click here to read more!

Small businesses have until May 31 to apply for a forgivable loan

On Tuesday, President Biden signed into law a two-month extension of the Paycheck Protection Program (PPP) one day before the coronavirus relief fund was poised to expire, giving small businesses until May 31 to apply for a forgivable loan. Click here for more details.

SBA defers repayment of disaster loans…

The Small Business Administration pushed back the deferment period for all its disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program, until 2022.

Click here for all the details!

H&S 2021 Tax Newsletter

H&S 2020 Tax Newsletter

We hope that you enjoyed the holidays and that 2020 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 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 37th 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

How the Tax Cuts and Jobs Act Will Affect Small Business Owners

MiBiz explains how small businesses may benefit from Pass-Through Deduction, Flat C Corp Tax Rate, Bonus Depreciation, and Accrual or Cash Accounting. The article even features our very own Sally Steffes, CPA!  Click the link below to read more!

Small Business Owners See Benefits From Pass-Through Deduction, Flat Tax Rate

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

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

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

Should you review your taxes now?

We realize it’s only October, and reviewing your taxes is probably the last thing on your mind, but for some types of earners, now may be a good time to do it. Read this article from U.S. News for who should be meeting with their CPA in the fourth quarter and why!

Click here to read the full U.S. News article