The recently enacted Tax Cuts and Jobs Act (TCJA) has altered the tax landscape for businesses and individuals. The changes are extensive, and this blog post provides a high-level overview of some of the highlights to keep you informed.
The domestic production activity deduction (DPAD) is a provision enacted in the American Jobs Creation Act of 2004 that is often missed by both veteran and rookie tax preparers. Businesses that have qualified production activities are entitled to a 9% deduction for those activities.
President Trump Declares Disaster Declaration for Mid-Michigan Governor Rick Snyder’s request for disaster declaration was approved by President Trump on Wednesday, August 2, 2017. Four counties, Bay, Gladwin, Isabella and Midland, have been included in the declaration. The declaration is aimed at providing relief via individual assistance and hazard mitigation assistance for local governments. The
Attorney General Bill Schuette reminds Michigan consumers to remain vigilant this tax season. The IRS recently employed four private debt collection agencies to collect some overdue federal tax debts, and collection efforts will begin this week.