fbpx

Blog

Bookkeeping Services for Law Firms

Importance of Accounting & Bookkeeping Services for Law Firms

Every business owner should maintain well-organized financial records, but for a law firm, the stakes are especially high. As in other industries, clean, detailed books help the law practice to thrive and grow. They allow owners to better understand their financial position and plan for the future and give banks and other potential lenders confidence …

Importance of Accounting & Bookkeeping Services for Law Firms Read More »

michigan pass-through entity tax

Should you make the Michigan flow-through Entity Tax Election?

MICHIGAN FLOW-THROUGH ENTITY TAX ELECTION  House Bill 5376, enacted on December 20, 2021, by Michigan Governor Whitmer, offers owners of Michigan pass-through entities (e.g., LLCs and S Corporations) a workaround to the state and local tax (“SALT”) deduction limitation enacted by the Tax Cuts and Jobs Act (“TCJA”) for as long as the aforementioned provision …

Should you make the Michigan flow-through Entity Tax Election? Read More »

Scroll to Top