Tax

3 days ago
2 min

Recovery Rebate Credit

Didn’t receive the Economic Impact Payments or received payments less than the full amount? You could qualify for the Recovery Rebate Credit

Dec 28, 2020
2 min

Tax Changes under Biden on the Horizon? A few things to consider as the calendar turns to 2021

If new tax law is passed, it is a real possibility that these changes could be made retroactive to January 1, 2021.

Dec 22, 2020
2 min

PPP Loan Expense Deductibility

On Monday December 21, 2020, the House of Representatives and Senate approved the COVID-Related Tax Relief Act of 2020 (COVIDTRA). This act

Nov 19, 2020
2 min

New Rules for 2020 RMDs

There are two recently enacted laws which effect required minimum distributions (RMDs) from traditional IRAs, 401(k)s, and ...

Oct 21, 2020
2 min

Are you wondering why you received interest on your 2019 Federal income tax refund?

Close to 14 million individual taxpayers who filed their 2019 Federal income tax returns on time and received a refund will or...

Aug 12, 2020
2 min

Is Your Online Business Overpaying Michigan Sales Tax?

Possibly due to the Marketplace Facilitators Tax Law. Third-party sellers on websites such as Amazon, Etsy, Walmart, UberEATS, Shopify, etc.

Jul 21, 2020
2 min

Michigan Small Business Restart Program

Small businesses and nonprofits may apply for grants of up to $20,000, and awardees will be announced no later than September 30th.

May 13, 2020
2 min

Tax Advantages of Hiring your Children

As a business owner, hiring your children has always been a great tax planning strategy. However, with the passing of the Tax Cuts and Jobs

Mar 20, 2020
2 min

COVID-19 Resources

Beginning Monday, March 23rd, we have established the following BKC office guidelines until further notice:

Jan 3, 2020
1 min

MI Obligation Assessment For Unemployment

New for 2020, employers will no longer have the obligation assessment portion with the tax rates.

Dec 18, 2019
4 min

Tax Gain Harvesting

Would you like to pay 0% federal income tax on your income and utilize one of the “loopholes” you hear about in the lengthy tax

Nov 18, 2019
4 min

How Are My Cryptocurrency Transactions Taxed?

Cryptocurrency is rapidly growing with popularity around the globe. Make sure you are taking into account the tax implications.

Oct 23, 2019
3 min

Plan Now for the Upcoming Tax Filing Season

Year-end is quickly approaching, and now is a great time to do some tax planning. Here are a few ways to be prepared.

Aug 14, 2019
2 min

Will You be Caught Paying Capital Gains Tax on the Sale of Your Home?

The housing market is hot right now, that is if you’re on the selling end. Home prices are at record highs, home builders can’t keep up w...

May 9, 2019
2 min

Summer Day Camps and the Child and Dependent Care Credit

Despite ending April with a snow storm, summer is quickly approaching. For some taxpayers, that means finding summer camps to keep their ...

Mar 14, 2018
1 min

529 Savings Plan | Tax Reform Update

#taxreform #tax #individual

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