<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1018706268302959&amp;ev=PageView&amp;noscript=1">
((o
Knowledge • News • Insights
 o))
In Partnership With

What's New in the Blog

CPA's Clark Schaefer Hackett | This Week on the COVID-19 Recovery Resource Center

Michigan Business Network
April 3, 2020 6:00 PM

Read More

CPA's Clark Schaefer Hackett | On demand: Practical Steps to Navigate COVID-19

Michigan Business Network
April 1, 2020 4:00 PM

COVID-19 RESPONSE

How does the recent legislation impact your business?

Over the past two weeks, you've likely been inundated with information and guidance around COVID-19. Yesterday, we held a webinar with nearly 1,000 people in attendance, focused on recent coronavirus-related legislation and more importantly, what actions businesses should be taking now.

Read More

CPA's Clark Schaefer Hackett | International Tax Updates

Michigan Business Network
March 27, 2020 5:30 PM

International Tax Updates

When the IRS extended the individual federal tax deadline from April 15, 2020, to July 15, 2020, there was some confusion around the impact on two important international tax deadlines.

Read More

Congress releases $2 trillion stimulus bill - what does it mean to you?

Michigan Business Network
March 26, 2020 11:00 AM

 

Earlier today, the U.S. Senate and House of Representatives released a stimulus package to provide relief from the coronavirus to both individuals and businesses. Expert, Phil Hurak has summarized the provisions.


Read More

Ohio issues Stay at Home Order - We remain operational

Michigan Business Network
March 22, 2020 11:00 PM

Read More

CPA's Clark Schaefer Hackett | Families First Coronavirus Response Act

Michigan Business Network
March 20, 2020 1:00 PM

Paid sick and emergency leave provisions signed by President Trump

On Wednesday evening, March 18, President Trump signed the Families First Coronavirus Response Act. CSH’s Phil Hurak details the provisions provided for employers, employees and self-employed individuals in the unprecedented act.


Read More

CPA's Clark Schaefer Hackett | Our Response to COVID-19 and the Tax Deadline Extension

Michigan Business Network
March 19, 2020 9:00 PM

Our Response to COVID-19 and the Tax Deadline Extension

Read More

A Visual Guide to Green Energy Tax Incentives

Michigan Business Network
February 11, 2020 9:00 AM

On December 20, 2019, the Tax Extender and Disaster Relief Act of 2019 was signed into law, extending the availability of two green energy tax incentives: the New Energy Efficient Home Credit (a.k.a. “45L”) and the Energy-Efficient Commercial Buildings Deduction (a.k.a. “179D”). These two incentives can be tremendously beneficial to those constructing or remodeling energy efficient homes or commercial buildings. Both incentives were retroactively reinstated and are now available for projects placed in service through December 31, 2020.

Read More

Cost Segregation Studies as an Estate Planning Tool

Michigan Business Network
January 24, 2020 8:00 AM

 

If you own a building or have renovated a building in the last few years, you can likely benefit from a cost segregation study.

 

Cost segregation studies separate real property into various depreciable categories. Most real property is depreciated over 27.5 years (for residential rental) or 39 years (for nonresidential). By performing a cost segregation study, you can reclassify a portion of that real property into personal property. These newly created asset classes depreciate at a much faster rate—normally 5, 7 or 15 years.

Read More

Business Travelers: Take Note of Updates to Per Diem Rates

Michigan Business Network
January 21, 2020 11:00 AM

Business travelers: Take note of updates to per diem rates

The IRS recently issued guidance on how businesses, self-employed individuals and qualified employees can use the per diem rules to substantiate their business travel expenses for tax purposes. The guidance in Revenue Procedure 2019-48 modifies 2011 guidance to reflect changes made by the Tax Cuts and Jobs Act (TCJA).

The per diem rules themselves haven’t significantly changed. Primarily, RP 2019-48 deletes guidance for taxpayers who, before the TCJA, were allowed to deduct certain unreimbursed business travel expenses. Here’s a refresher on what changed under the TCJA and the rules for using per diem rates.

Read More

NEWER POSTS  |  ALL POSTS  |   |