News & Insights
Stay informed with the latest insights, analysis, and guidance from EHTC's team of accounting, tax, and advisory professionals.
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.
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.
EHTC Welcomes New Tax Services Director to Enhance Private Client Services
Full-service CPA firm, EHTC, announces the hiring of Joanna (Jo) Gould, CPA as a Director in the Tax Department.
Gould has over nine years of experience in public accounting, with most of her career spent at a “Big Four” accounting firm in Grand Rapids. Gould specializes in tax compliance and planning for closely held businesses and their stakeholders, family offices, and high net-worth individuals.
Navigating Standard vs. Itemized Deductions: A Thoughtful Consideration
As we approach tax season, it's understandable that the process can become a source of stress! Life changes prompt us to reevaluate our financial strategies, and it might be the opportune moment to contemplate the shift away from opting for the standard deduction and towards itemizing your deductions. Here’s how to get started!
Corporate Transparency Act (CTA) — Beneficial Ownership Information Reporting
Starting in 2024, the Corporate Transparency Act (“CTA”) mandates certain entities (primarily small and medium-size businesses) created in or registered to do business in the United States report information about their beneficial owners—the individuals who ultimately own or control a company—to the Financial Crimes Enforcement Network (“FinCEN”).
Accountant or CPA: Who Do You Need to Hire and When?
Perhaps you’re looking into tackling your own accounting needs, or maybe you have a friend that can get into your company’s books on the weekend.
Both options may see viable and accessible, but both will likely lead you to more questions, concerns, and missed opportunities.
Debunking the Myths: An Accounting Firm’s Culture and the Truth about Accountants
When people think of accountants and finance professionals, they often conjure up images of serious, number-crunching individuals buried in stacks of paperwork, devoid of any fun or excitement. However, at EHTC, we believe in shattering these stereotypes and fostering a vibrant culture that challenges these misconceptions head-on.
West Michigan Accounting & Advisory Firm adds Partner to Growing Transaction Advisory Practice
West Michigan-based accounting, tax, and business advisory firm, EHTC, welcomes their new Transaction Advisory Services (TAS) Partner, Ryan McCaslin. McCaslin will be leading their TAS group focused on buy-and-sell side financial due diligence and consulting services.
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