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What's New in the Blog

Clark Schaefer Hackett | How to Best Leverage the Inflation Reduction Act’s Clean Vehicle Credit

Michigan Business Network
September 28, 2022 5:00 PM

While the expanded Clean Vehicle Credit seems promising, questions have arisen about just how immediate its impact will be. Learn more from CSH tax expert David Johnson.

Clean Vehicle Credit Comes with CaveatsI

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Clark Schaefer Hackett | IRS Penalty Relief for Certain Taxpayers Who Filed Late Returns due to COVID

Michigan Business Network
September 14, 2022 5:00 PM

IRS Notice 2022-36 to Reduce and Eliminate Certain Penalties

The IRS is providing broad-based penalty relief to most taxpayers who filed certain 2019 and/or 2020 tax returns late due to the Covid-19 pandemic. Read our article to find out whether you might qualify.

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Clark Schaefer Hackett | You Could be Affected by New Tax Provisions in the Inflation Reduction Act

Michigan Business Network
August 25, 2022 5:00 PM

Inflation Reduction Act: New Taxes Are Part of the Equation

Last week, President Biden signed the Inflation Reduction Act into law. Most Americans will eventually be affected by the new legislation, which aims to reduce the federal deficit by $90 billion in the next 10 years. CSH's Justin Vanderglas provides an overview of the new provisions related to climate change, health care, and—significantly—taxes.

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Clark Schaefer Hackett | If You Use or Manufacture Semiconductors, the CHIPS Act Brings Good News

Michigan Business Network
August 23, 2022 10:00 AM

Expanded semiconductor production to benefit many industries

President Biden recently signed The Creating Helpful Incentives to Produce Semiconductors for America Act. Part of the CHIPS and Science Act of 2022, the bill provides $52 million for tax incentives designed to increase semiconductor production in the US. Read our article for all the details.

The Creating Helpful Incentives to Produce Semiconductors for America Act (CHIPS Act) was recently passed by Congress as part of the CHIPS and Science Act of 2022 and signed into law by President Biden on August 9, 2022. Among other things, the $52 billion package provides generous tax incentives to increase domestic production of semiconductors, also known as chips.

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Clark Schaefer Hackett | The Most Strategic Companies Employ Annual HR Audits

Michigan Business Network
July 21, 2022 8:00 AM

Benchmark your HR function to chart a path to improvement


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Clark Schaefer Hackett | Documents and Records to Keep for Tax Filing Plus other Tax Tips

Michigan Business Network
July 15, 2022 11:00 AM

Even though last year's tax filing may be in the rearview mirror, it’s not too early to think about tax preparation for this year. One of the biggest impediments to completing individual and corporate tax returns is lack of proper documentation and recordkeeping—here’s what you should be sure to hang on to, and other tax tips to help you through the year.


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Clark Schaefer Hackett | An HR Audit Is a Healthy Choice for Your Organization

Michigan Business Network
July 8, 2022 11:00 AM

A clean bill of health for your company’s HR function  

An HR audit can review your company’s current policies, procedures, documentation, and internal systems with the goal of highlighting areas that need improvement to meet current compliance standards. Download our HR audit checklist and see what’s involved.


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Clark Schaefer Hackett | Is Your Company Planning to Build, Purchase, or Renovate a Building?

Michigan Business Network
June 21, 2022 5:00 PM

Cost segregation allows property owners to frontload depreciation and take tax deductions earlier

This straightforward process classifies your property into categories with different depreciation rates. For example, building components like carpet, lighting, and cabinetry can be classified into 5-, 7- or 15-year categories. In contrast, a commercial building depreciates over 39 years.

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Clark Schaefer Hackett | Tax Updates Affect Inherited IRAs and Standard Business Mileage

Michigan Business Network
June 17, 2022 3:00 PM

The SECURE Act nixed the “stretch IRA” and replaced it with a new 10-year rule on inherited IRAs. However, subsequent IRS guidance has created confusion about when certain beneficiaries must begin taking distributions. CSH’s Bill Edwards explains the details.

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Clark Schaefer Hackett | Have You Recently Purchased or Renovated a Commercial Property?

Michigan Business Network
June 15, 2022 11:00 AM

A Cost Segregation Study May Lower Your Current Tax Liability and Free Up Capital

Are you like many of our clients, looking for ways to increase your bottom line that don’t require much effort? A cost segregation study could provide tangible benefits to your business’ bottom line. Don’t just take our word for it: review our cost segregation case study to see how one manufacturer who purchased and renovated a property benefited from cost segregation.

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