Posted by Jim Biehl on March 30, 2021
Learn about the fast-growing technologies impacting manufacturers today. Each could be a benefit to how your business produces a product, connects with new customers, secures its data or communicates internally and externally.
Posted by Jim Biehl on January 27, 2021
PPP loan recipients can claim the ERC for eligible wages that were not paid for with PPP forgiven loans. The change is retroactive to March 2020 and means certain businesses should immediately claim refunds. Learn more about the qualification requirements and cash benefits.
Posted by Jim Biehl on January 14, 2021
A new round of PPP loans was ushered in with the passage of the Economic Aid Act on December 27, 2020. In addition to the 2nd draw loans, eligible businesses that did not receive a PPP loan in the first round of funding have an opportunity to apply for a PPP loan.
Posted by Jim Biehl on December 14, 2020
Many businesses were caught off guard by the COVID-19 pandemic. Stay-at-home orders and mandatory business closures created significant operational challenges.
Posted by Jim Biehl on November 19, 2020
COVID-19 has had a significant impact on Michigan manufacturing, forcing many to shift strategies to cope under crisis. Here are some financial tips for managing the ongoing COVID-19 fallout.
Posted by Jim Biehl on October 19, 2020
COVID-19 has had a significant impact on Michigan manufacturing, forcing many to shift strategies to cope under crisis. Shareholder Jim Biehl shares financial tips for managing the ongoing COVID-19 fallout in the October issue of the Michigan Manufacturers Association (MiMfg) magazine.
Posted by Jim Biehl on September 28, 2020
When COVID-19 emerged, global trade was brought to a standstill. Today, the global economy has slowly begun to recover, but in order to maintain trade functions that supply goods to the world, companies must adapt to the “new normal.”
Posted by Jim Biehl on July 20, 2020
The COVID-19 pandemic caught many businesses by surprise. Beyond just health concerns, the combination of forced business closures, stay-at home-orders, and general fear about transmission created an unforeseen economic situation.
Posted by Jim Biehl on June 2, 2020
COVID-19 has profoundly impacted business. The combination of stay-at-home orders, forced business closures and fear of virus transmission meant some businesses had to cease operations entirely while others were tasked with challenging modifications to comply with state and local regulations.
Posted by Jim Biehl on March 17, 2020
Whether it is nobler in the mind to suffer the higher effective tax rates as a flow-through entity, while maintaining optimum future planning flexibility, or elect to convert your flow-through entity to be taxed as a C corporation, and by doing so realize the immediate and delicious 21% “permanent” C corporation tax rate?
Posted by Jim Biehl on February 12, 2020
Owners spend years amassing the knowledge and experience necessary to become masters at their craft. Passion for the work and the satisfaction of helping clients is what drives them – not necessarily administrative tasks like financial accounting and reporting.
Posted by Jim Biehl on August 15, 2019
Many business owners “do the math” and determine that it makes financial sense to buy the building(s) in which they operate the business, instead of continuing to rent. Generally the analysis they perform to make this decision is focused on real estate prices, current rental and interest rates, and the desire to build equity in the investment.
Posted by Jim Biehl on February 6, 2019
Have you ever wondered how some companies last for generations while others fade into obsolescence? In the firm’s long history of working with closely-held businesses, …
Posted by Jim Biehl on August 26, 2014
1. Do I have to charge sales tax on my sales to customers in my home state? Individuals or businesses that sell tangible personal property …
Posted by Jim Biehl on August 5, 2014
As companies expand and begin to sell, deliver, and/or maintain products in multiple states, there are tax impacts that need to be researched …
Posted by Jim Biehl on June 24, 2014
Almost all 50 states have a type of sales tax. This tax often helps fund vital projects such as roads, police, …