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Insights

Get business and industry-specific news and knowledge straight from our consultants and accounting specialists.

Industrial Automation Companies

The “Value” of Specialization

Bryan Powrozek

Architecture & Engineering Firms

A&E Firms: Why You Should Track WIP

Ben Smith

Transaction Support

7 Ways to Increase Business Value Even When You’re Not for Sale

Tim Hilligoss

Tax & Assurance Guidance

Is Immediate R&D Expensing on The Horizon?

Sarah Russell

Industrial Automation Companies

Beyond the Multiple: How Profitability Impacts Value

Bryan Powrozek

International Businesses

Branch or Subsidiary? Using an EOR to Bridge the Gap

Teresa Gordon

International Businesses

Important Filing Requirement for Foreign-Owned U.S. Companies

The last thing any business wants to receive is an audit notice from the Internal Revenue Service (IRS). Your first reaction will naturally be panic or fear. So, what protective measures can a business or business owner put in place?

by Nina Wang

June 5, 2023

Manufacturers & Distributors

Sales and Use Tax Rule Changes for MI Manufacturers

Michigan manufacturers and distributors should be aware of recent changes in the sales tax rules resulting from Public Act 20 and 21 of 2023 (“the Act”).

by Ruben Ramirez

June 5, 2023

Architecture & Engineering Firms

7 ESOP Considerations for A&E Firms

Employee Stock Ownership Plans can help facilitate succession planning while offering special advantages for owners and employees of architecture and engineering firms, including significant tax benefits. Learn more about the benefits of an ESOP and discover why you should consider one for your A&E firm.

by Kevin Johns

May 31, 2023

International Businesses

2023 SelectUSA Investment Summit Highlights

I was excited to be back in Washington, D.C. for the 2023 SelectUSA Investment Summit earlier this month (May 1-4, 2023). My last time attending this informative and engaging international conference was in 2019 before the pandemic. It was great to connect with old friends and meet people from different countries all around the world.

by Nina Wang

May 25, 2023

General

Association for Accounting Marketing Awards Clayton & McKervey at 2023 Marketing Achievement Awards

Clayton & McKervey, a leading full-service CPA firm, is proud to announce that the Association for Accounting Marketing (AAM) has presented them with the award for Marketing Achievement in Video and Multimedia for Budget below $9,999 on May 8, 2023, at the AAM’s annual summit in Salt Lake City, Utah.

by Clayton & McKervey

May 23, 2023

Tax & Assurance Guidance

Reduced Michigan Income Tax Rate for the 2023 Tax Year

Michigan’s state income tax rate will be reduced from 4.25% to 4.05% for the 2023 tax year. This temporary tax rate reduction will apply to all individuals and fiduciaries. The announcement was made by Michigan Treasurer Rachael Eubanks on March 29, 2023 following the release of the state’s fiscal year 2022 Annual Comprehensive Financial Report.

by Margaret Amsden