Careful allocation between 1245 and 1250 property can boost first-year depreciation write-offs Businesses interested in maximizing their first-year write-offs have a powerful incentive to place new assets in service this year. Under Code Sec. 168(k), they can write off 100% of the cost of qualifying assets in the placed-in-service year. Most building costs are long-lived…
The March 2011 Client Bulletin is now available. Please click on the link below to view the full issue. This month's issue contains the following articles. Income Tax Rates Hold Steady Easing the Burden of Estate Tax Tax Calendar For more information about these topics, please contact our professionals at 810-238-4617.
Michigan's current system of business taxes, particularly the Michigan Business Tax (MBT), is highly complex, and includes an intricate web of incentives, credits, and deductions that unfairly favor some businesses or industries over others, hurts Michigan businesses, and hampers job growth. Replacing the MBT with a simple, fair, and efficient Corporate Income Tax will even…
The February 2011 Issue of the Client Bulletin is now available. Please check out the publication for timely financial information that could affect you. The publication includes the following articles: Businesses Get the Green Light for Going Green Socially Responsible Investing Gains Ground Tax Calendar
The local certified public accounting firm of Lewis & Knopf CPAs, P.C. is pleased to announce Jeffrey Sabolish, CPA, CFP has been named Principal effective January 1, 2011. “Over the years, Jeff has demonstrated the leadership, motivation, people skills and financial expertise necessary to be a strong firm leader,” says Anita Abrol, CPA, Managing Principal…
The newly passed and signed 2010 Tax Act, formally named the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, includes several provisions that will affect taxpayers. The below link highlights key information from the Act that may affect you and your financial situation. If you have any questions about the Tax Relief Act…
The January 2011 Client Bulletin is now available. Please click on the link below to view the full issue. This month's issue contains the following articles. Small Business Jobs Act of 2010 Lower Taxes May Mean More Jobs More Flexibility in Retirement Planning Tax Calendar For more information about these topics, please contact our professionals…
The December 2010 Client Bulletin is now available. Please click on the link below to view the full issue. This month's issue contains the following articles. What Financial Reform Means to You New Law May Help Set Standards The Return of Estate Tax Planning Tax Calendar For more information about these topics, please contact our…
The November 2010 Client Bulletin is now available. Please click on the link below to view the full issue. This month's issue contains the following articles. Planning During Uncertain Times Year-End Tax Planning for Investors Year-End Tax Planning for IRAs Year-End Estate Tax Planning Tax Calendar For more information about these topics, please contact our…
We like to keep our friends informed of the latest and greatest financial ideas and information. With that in mind, our latest issue of Client Bulletin is available now. This publication covers topics that would most likely interest you. Some of the topics in this issue include: Choices for Holding Investment Property Taxes on Bonds…
