Using Home Equity To Build a Business
While it is possible — and sometimes desirable — to use a business loan to start a business, you can also use your house for the seed money. Two options…
Payroll: Deadlines Are Key
Simple payroll errors are avoidable, but if you don’t pay attention, you could end up facing consequences that cost thousands of dollars in compliance penalties. Not only that but you…
Michigan Employers Will See Unemployment Tax Savings in 2025
Amount of employee wages that are taxed will fall to $9,000Most Michigan businesses will pay less in unemployment insurance taxes in 2025, the Michigan Unemployment Insurance Agency (UIA) announced today.Effective…
A Plan for Your New Business in Retirement
To start a business, first, you need a business plan to clarify your vision and operations. It serves as a management tool to help you raise money, if required, to…
Using the Section 179 Deduction
Section 179 of the U.S. tax code offers a tax incentive to small and medium-sized businesses by allowing them to take a full deduction on tangible assets in the year…
The Fine Lines Between Employee and Freelancer
Are you aware of just how important it is to properly classify those who work for you? It’s crucial that you accurately classify them. Otherwise, you could face serious consequences…
Offering Financial Wellness Programs to Employees
A recent survey reported that 80% of respondents had at least some level of financial stress; 27% reported high or overwhelming stress. A second survey found that 72% of Americans…
Falling Interest Rates: How They Can Help and Hurt Your Finances
The Fed's big moveMany economists were waiting for the Fed's interest rate cut in September. It was the first time the Fed lowered its benchmark interest rate since it began…
Employers’ Responsibilities Under the SECURE 2.0 Act
The SECURE 2.0 Act aims to expand the ease of saving for retirement, to simplify the management of retirement plans, and in general to improve financial security for American workers…
The Changing Role of the CFO
We have experienced so much business disruption in recent years, and one change that should not be overlooked is the new role of the chief financial officer.Business success means keeping…