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We are committed to bringing you the latest news and impacts related to the Coronavirus and business operations—COVID-19 Resources. In addition, we can help navigate the challenges ahead.

Sign up for our newsletter to keep informed

PPP Loan Round 2 – Should You Apply?

Posted by Jim Biehl on January 14, 2021

Jim Biehl

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. 

Read more

Inventory Optimization Creates Expanded Working Capital

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.


Read more

Financial Tips for Managing the COVID-19 Fallout

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.


Read more

MMA October: COVID-19 Financial Tips

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.


Read more

Navigating Global Trade During a Worldwide Pandemic

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.”


Read more

COVID-19 Cash Flow Planning

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.


Read more

New Survey Findings Reveal the Impact of COVID-19 on Manufacturers

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.


Read more

To “C” or not to “C”? That is the Question

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?


Read more

Demystifying the Financial Statement

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.


Read more

I Bought the Building, So Now What?

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.


Read more

The Secret to Longevity in Business

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, …


Read more

Top 5 Questions about Sales & Use Tax

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 …


Read more

Top 5 Questions on State Income Tax Nexus

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 …


Read more

Sales Tax – Evolving Nexus Standards

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, …


Read more

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PPP Loan Round 2 – Should You Apply?

Posted by Jim Biehl on January 14, 2021

Jim Biehl

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. 

Read more

Inventory Optimization Creates Expanded Working Capital

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.


Read more

Financial Tips for Managing the COVID-19 Fallout

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.


Read more

MMA October: COVID-19 Financial Tips

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.


Read more

Navigating Global Trade During a Worldwide Pandemic

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.”


Read more

COVID-19 Cash Flow Planning

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.


Read more

New Survey Findings Reveal the Impact of COVID-19 on Manufacturers

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.


Read more

To “C” or not to “C”? That is the Question

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?


Read more

Demystifying the Financial Statement

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.


Read more

I Bought the Building, So Now What?

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.


Read more

The Secret to Longevity in Business

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, …


Read more

Top 5 Questions about Sales & Use Tax

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 …


Read more

Top 5 Questions on State Income Tax Nexus

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 …


Read more

Sales Tax – Evolving Nexus Standards

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, …


Read more

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  • From the President
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  • Beth Butchart
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  • Casey Haggerty
  • Clayton & McKervey
  • David Van Damme
  • Denise Asker
  • Eric Lin
  • Jim Biehl
  • Julie Killian
  • Kevin Johns
  • Margaret Amsden
  • Miroslav Georgiev
  • Nina Wang
  • Robert Dutkiewicz
  • Ruben Ramirez
  • Sarah Russell
  • Sue Tuson
  • Tarah Ablett
  • Teresa Gordon
  • Tim Finerty
  • Tim Hilligoss
  • Wendy Reedy

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Additional news from Clayton & McKervey can be found below.

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