taxes

What Small Businesses Should Know About Accepting Cryptocurrency Payments

The digital finance world is continuously evolving, and cryptocurrencies are at the forefront of this transformation. Small businesses in the UK are increasingly exploring the potential of these digital currencies as a means of payment. This integration offers a multitude of advantages, including access to a broader market and streamlined transactions. However, it also requires

By |2024-01-05T17:43:08-05:00December 19th, 2023|Guest Columns|

The Great Tax Incentive Hunt: Your Pocketbook’s Most Wanted!

No one likes paying taxes. But did you know there was a way you could make the taxman work for you instead? Enter tax incentives: these handy government-sponsored discounts on your taxes that reward specific behaviors that benefit not only yourself, but the economy as a whole. Photo by Amol Tyagi on Unsplash The Golden

By |2023-11-20T08:14:02-05:00November 20th, 2023|Business|

Self-Employed Legal Fees Deduction: Increasing Tax Savings

You are in charge of your own taxes as a self-employed person, which can be a difficult undertaking. Maximizing tax savings while remaining legal is one of the difficulties. Using tax deductions for business expenses, such as legal bills, is one approach to achieve this. To make the most of these deductions, though, it's crucial

By |2023-07-08T10:53:18-04:00July 8th, 2023|Guest Columns|

Cannabis News With Rick Thompson, March 1 Edition

FLINT - Michigan NORML Executive Director Rick Thompson provides the latest cannabis business news. Stories include nearly $60 million from cannabis taxes given to cities and counties that have opted into cannabis sales, nearly $52,000 per dispensary....with Ann Arbor getting $2 million alone. More info at Four20Post  https://youtu.be/slGJw8bG-e4

By |2023-03-01T16:41:51-05:00March 1st, 2023|Marijuana Business, News|

Report: 63 Percent Of Michigan Corporations Pay Zero Taxes

LANSING – With Tax Day just behind us, a new national report details how wealthy corporations are shirking their responsibility to support Michigan communities. The report recently released by the Economic Policy Institute and the SEIU shows that 63 percent of all Michigan corporations pay zero in corporate income taxes.   The report, titled Reclaiming

By |2022-04-24T16:55:55-04:00April 24th, 2022|Featured, Politics, Politics/Government|

Marijuana Regulatory Agency Announces Workgroup To Discuss Licensing, Taxes

LANSING - The Marijuana Regulatory Agency has scheduled on Sept. 21 a workgroup to discuss and provide suggestions on the marijuana licensing process related to the Medical Marihuana Facilities Licensing Act and the Michigan Regulation and Taxation of Marihuana Act. The deadline to email your request to participate in the licensing stakeholder workgroup is Monday,

By |2020-08-21T09:47:17-04:00August 21st, 2020|Marijuana Business, News|

Biz Gets Break After $3.2 Billion Unemployment Debt Paid Off Early

LANSING - The state's Unemployment Insurance Agency (UIA) announced it has paid off a $3.2 billion debt to the feds, meaning a break for Michigan businesses that no longer have to pay the obligation assessment as part of their unemployment taxes. Gov. Gretchen Whitmer's office said this means $55 million will now stay with businesses,

Whitmer Signs Wayfair Bills, With a Warning About Internet Sales Tax

LANSING - Legislation codifying into state law a U.S. Supreme Court decision regarding internet sales tax provisions for online retail entities and setting other requirements has been signed into law by Governor Gretchen Whitmer. But Whitmer, in signing the bills Thursday, criticized the inclusion of language in HB 4540 (PA 143, effective January 1), HB 4541 (PA 144,

By |2019-12-20T15:18:04-05:00December 13th, 2019|Politics, Politics/Government|

Internet Sales Tax Bills Sent To Whitmer

LANSING - The state is close to being in line for a potential annual windfall of tens of millions in new revenue after the Senate passed legislation Wednesday requiring the collection of sales tax from online retailers and sent the package to Governor Gretchen Whitmer's desk. Passing the Senate were HB 4540, HB 4541, HB 4542 and HB 4543. The

By |2019-12-05T09:15:21-05:00December 5th, 2019|Featured, Politics/Government|

LLamasoft Adds Tax, Tariff, Duty Analysis

ANN ARBOR—LLamasoft, the developer of supply chain analysis and design software. Announced that its software now offers analytics for evaluating alternate business strategies in response to new international taxes and duties. Company officials said the enhanced capability gives multinational enterprises the ability to fully evaluate new sourcing, procurement, and distribution strategies to minimize the impact