Business Taxes

Category: Business Taxes

What Is an Employee Benefit Plan Audit and Form 5500?

Employee benefit plans are vital for providing workers with retirement, health, and other benefits. Ensuring these plans are managed correctly and transparently is crucial for the well-being of participants and beneficiaries.  This article delves into the significance of employee benefit plan audits, the requirements and responsibilities associated with Form 5500, and the essential role of …

Navigating Tax Pitfalls for Michigan Small Businesses

The Importance of Accurate Record-Keeping Running a small business in Michigan comes with its unique set of challenges, especially when it comes to managing taxes. To help local entrepreneurs navigate the complex landscape of tax obligations and opportunities, we’ve compiled a guide to avoiding common tax mistakes that can adversely affect your business. Accurate record-keeping …