Tax reform has been a major topic of discussion in Washington, but it’s still unclear exactly what such legislation will include and whether it will be signed into law this year. However, the last major tax legislation that was signed into law — back in December of 2015 — still has a significant impact on […]
December Tax Developments
Protecting Americans From Tax Hikes Act of 2015 (PATH) This bill was signed by President Obama on December 18, 2015, and made permanent various tax provisions. A sample of items made permanent by this act: The American Opportunity Tax Credit (education expenses) The $250 “above-the-line” deduction for teachers for expenses paid for books, supplies and […]
College Tax Credits
The IRS recently released a reminder that now is a good time for parents and students to check and see what college tax credits they might be eligible for in the 2014 calendar year. There are two college tax credits: the American Opportunity Credit and the Lifetime Learning Credit. American Opportunity Credit: Maximum credit is […]
Spotlight On: Transition Planning
Business owners know that at a certain point they will want to transition out of the workforce in some capacity. As a business owner, this makes transition planning of the utmost importance. Dan Kolean enjoys assisting clients with transition planning. Dan likes to help you get answers to questions like: What are you looking forward […]
Spotlight On: Dental & Orthodontic Practices
One of our partners, Andy Johnson, has developed a specialty working with various West Michigan area dental and orthodontic practices. For more than a decade, he has enjoyed working closely with practitioners, helping them gain control of finances to run stronger, more efficient practices. Here are some of the services we offer to our dental […]