Stop Counting Manually! Automate Your Tally in Excel
Automate your workflow with auto tally in excel. Save time, reduce errors, and boost efficiency for Michigan non-profit bookkeeping.
Amended Earned Sick Time Act and Minimum Wage Laws
Sourced from the American Society of Employers‘ newsletter. On Thursday, February 20, 2025, just before the Earned Sick Time Act and Minimum Wage Act (ESTA) were to take effect, the Michigan Legislature amended the two laws. The Governor is expected to sign these amendments into law soon. The following are the amendments to these laws. …
What Is The Earned Sick Time Act (ESTA) in Michigan?
Michigan’s Earned Sick Time Act (ESTA) is set to take effect on February 21, 2025, introducing significant changes to employee sick leave entitlements across the state. This article delves into the specifics of ESTA, its legislative journey, and its implications for both employers and employees. What Is The Earned Sick Time Act? The Earned Sick …
Tax Dates 2025: New Tax Updates & Deadlines
Tax season is here again! Staying on top of important dates and updates is essential to avoid late fees and ensure you don’t miss out on tax benefits. Let’s go over what you need to know for 2025. Key Tax Dates for 2025 Welcome to the CPA Nerd’s ultimate guide to the essential tax dates …
1040 Checklist: 2024 Tax Prep Made Easy
Welcome to your stress-free tax preparation headquarters! With tax season just around the corner, CPA Nerds is here to simplify the process and make filing your taxes a breeze. Say hello to our updated 1040 Checklist—a handy tool designed to take the hassle out of tax prep and keep you organized every step of the …
Does Michigan Tax Retirement Income?
Understanding how your retirement income will be taxed, particularly at the state level, is a huge consideration when planning. For residents of Michigan or those planning to retire there, it’s essential to know how the state handles the taxation of retirement income. Let CPA Nerds guide you through Michigan’s tax laws and help you make …
Introducing Our New Gateway Portal
Using Our New Gateway Portal At CPA Nerds, we’re like the superheroes of privacy and security – we’ve got your back! Your comfort is our top priority, especially when it comes to handling your important tax info. That’s why we’ve leveled up our security game! Our new, shiny multifactor authentication process is like a secret …
The Importance of Non-Profit Expert Financial Audits and Reviews
Strengthening Non-Profits: Financial Audits In the world of non-profit organizations, financial transparency and accountability are paramount. Non-Profit Expert Financial Audits and Reviews need to meet state and federal regulations, as well as to assure donors and stakeholders of their fiscal responsibility, many non-profits turn to expert accounting teams for financial preparation and audit reviews. These …
The Masters Rule Rent Deduction
The “Masters” Rule In the case of Sinopoli v. Commissioner,[1] the taxpayers aimed to take advantage of IRC 280A(g), a clause that permits individuals to lease their personal homes for a maximum of 14 days each year without reporting the income. The taxpayer’s S corporation claimed rental expenses exceeding $290,000 across three years, alleging this …
What Is a 1099-C? Most Important Questions Answered
When navigating the vast landscape of tax forms, you might come across Form 1099-C and wonder about its significance. Fear not, you are not alone in this bewildering tax labyrinth. We understand that tax forms and regulations can be as perplexing as navigating a maze. CPA Nerds shall unravel the enigma of the elusive 1099-C …