News & Insights
Stay informed with the latest insights, analysis, and guidance from EHTC's team of accounting, tax, and advisory professionals.
How to Plan for Succession: Preserving, Protecting, and Passing on Wealth
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.
Michigan Makes Taxpayer-Friendly Changes to FTE Rules
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 Introduces New R&D Tax Credit
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.
Eight Tips for a Smoother Year-End Audit Process
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.
The Essential Guide to Exit Planning: Maximizing Value from Day One
Exit planning is essential for business owners aiming for a seamless and valuable sale process. Engaging early and consistently reviewing value-adding initiatives can significantly enhance the outcome when it’s time to sell.
The Importance of the Working Capital Calculation in Mergers and Acquisitions
Working capital is an extremely important part of any transaction and often causes confusion. It is important buyers and sellers fully understand the importance of the working capital PEG and how it affects the business transaction.
Demystifying Business Audits: Understanding Assurance Services
EHTC CPA and Assurance Services Manager, Mark Langejans, dives into the world of Assurance Services, particularly focusing on business audits.
Streamlining Your Tax Filing Experience with EHTC
As we gear up for the approaching tax season, we understand that this time of year can be accompanied by added stress.
At EHTC, we are committed to making your experience as smooth and successful as possible. We believe that staying organized and addressing important details ahead of time can greatly alleviate the pressure associated with tax season.
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