West Michigan-based CPA and advisory firm EHTC announced today the expansion of its comprehensive services to the Detroit region. Ross Connolly, Transaction Advisory Services Senior Manager based in Birmingham, will lead the effort.

Charitable giving has long been a cornerstone of wealth management, offering both philanthropic impact and strategic tax benefits. Yet, as recent legislative changes are reshaping the next era of charitable giving, high-net-worth individuals and their advisors must be adaptable—balancing generosity with compliance and forward-thinking planning.

On October 7, 2025, Michigan Gov. Gretchen Witmer signed a budget package that updates important state tax rules, including decoupling from portions of the One Big Beautiful Bill Act (OBBBA), updating conformity to the Internal Revenue Code (IRC), and creating the Comprehensive Road Funding Tax Act to divert some tax revenue to road funding.

With the passage of the OBBBA, shifting interest rates, and evolving policies, proactive tax planning is essential for both individuals and businesses. To help you navigate these changes, EHTC is proud to offer two year-end tax planning resources. These guides are designed to help you identify opportunities, mitigate risks, and make informed decisions as you prepare for 2026 and beyond.

The IRS has furloughed nearly half of its employees after updating its government shutdown contingency plan last week, and the agency is now set to permanently lose nearly 1,500 employees as the administration pushes broad reductions in force. The moves could freeze audit activity, slow down new guidance, and create processing backlogs.

Executive Order 14247 directs the Treasury to end paper checks for federal payments, including tax refunds, effective September 30, 2025, and transition to electronic payment methods. The order aims to reduce costs, delays, and risks associated with paper payments, and the EHTC Tax Services team is here to discuss how the executive order applies to you.

State tax laws are evolving rapidly, with broadening nexus standards, shifting apportionment rules, aggressive enforcement tactics, and growing divergence from federal standards. As a result, companies of all sizes are turning to experienced state tax advisors. Staying compliant is no longer enough; you need to stay ahead.

Many business owners shy away from exit planning, especially if they’re not actively thinking about selling. Transaction readiness isn’t just about preparing for a sale, though. It’s a smart business strategy that adds value at every stage of ownership.

The president signed into law a sweeping reconciliation tax bill in a July 4 signing ceremony, capping a furious sprint to finish the legislation before the self-imposed holiday deadline. The Senate approved the bill in a 51-50 vote on July 1 after making a number of last-minute changes following intense bicameral negotiations.

Manufacturers are navigating an environment of constant disruption. Today, finding new sources of growth is no longer about simply scaling operations. Sustainable success requires proactive, long-term strategic planning focused on attractive markets.

The U.S. House of Representatives voted 215 to 214 on May 22 to advance a nearly $4 trillion tax bill after reaching a compromise on key tax issues, but significant challenges await in the Senate.

Drake is the head coach of GVSU Bass Anglers, a competitive bass fishing club sport at Grand Valley State University. This year, his two worlds converged in a meaningful way: EHTC signed on as the title sponsor of Bass Anglers’ 2025 competitive season.

In 2024, EHTC was proud to partner with PAWS With a Cause, an organization that trains and places custom assistance dogs for individuals with disabilities. Today, we’re reflecting on that experience, sharing how your generosity made a difference, and inviting you to join us again in 2025 as we tee off for this year’s Chipping for Charity partner, AYA Youth Collective.

When most people think about business valuation, they immediately associate it with a specific transaction: a sale, a merger, a gift or estate transfer, or perhaps a legal dispute. And while these are certainly common triggers for a valuation engagement, they represent only a slice of the bigger picture.

After years of sustained growth and careful planning, EHTC officially moved into our new Ada office last September. This relocation marked a significant milestone for the firm as we settled into a space designed not only to meet the needs of our growing team, but also to engage more deeply with our clients and community.

Succession happens—planning makes the difference. As your family considers a transfer of ownership between generations, it’s vital to understand why a well-conceived plan is so important and what the critical elements of the process are.

On January 17, Michigan Gov. Gretchen Whitmer signed H.B. 5022 (Public Act 216 of 2024), a taxpayer-friendly bill that makes welcome changes to the state’s flow-through entity (FTE) tax rules. The new rules are effective retroactively to tax years beginning on or after January 1, 2024.

Michigan’s new R&D Tax Credit, effective January 1, 2025, offers incentives for businesses conducting R&D in the state. Large businesses can claim up to $2M, while small businesses can receive up to $250K. An additional credit is available for university collaborations.

As 2024 draws to a close, business leaders are gearing up for year-end audit preparation. Even for well-prepared organizations, audits can be a challenging process.

Effective planning and goal-setting are crucial for success—neglecting these steps can lead to failure. This insight highlights key points, best practices, and important reminders for leaders to consider as they begin their audit preparations.

As we approach the end of the year, now is the time for individuals, business owners, and family offices to review their 2024 and 2025 tax situations and identify opportunities for reducing, deferring, or accelerating their tax obligations.