News & Insights
Stay informed with the latest insights, analysis, and guidance from EHTC's team of accounting, tax, and advisory professionals.
Looking Back: PAWS With a Cause and the Power of Community Giving
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.
Using Valuation as a Strategic Tool: Not Just for Transactions
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.
From Vision to Village: Inside EHTC’s Purposeful Move to Ada
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.
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.
2024 Year-End Tax Planning for Individuals
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.
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