News & Insights
Stay informed with the latest insights, analysis, and guidance from EHTC's team of accounting, tax, and advisory professionals.
IRS Finalizes Rules on Occupations Eligible for OBBBA No Tax on Tips
The One Big Beautiful Bill Act (OBBBA) introduced a significant new tax deduction for workers related to qualified tip income, effective for tax years 2025 through 2028. Treasury and the IRS on April 10 issued final regulations clarifying which occupations customarily and regularly receive tips for purposes of the OBBBA deduction.
The Case for Outsourcing Your Accounting Function
Most businesses don’t realize their accounting function is a problem until something stressful happens. CAS Director Chris Gallagher, CPA, examines what drives businesses toward outsourced accounting solutions, what can be gained, and what to consider when evaluating fit.
How to Prepare Your Business for Sale
For most closely held business owners, the sale of their company will be the most significant financial event of their lifetime. However, the majority begin thinking about it too late. Throughout his 20-year career in transaction advisory, Partner Ryan McCaslin has seen firsthand how preparation, or the lack of it, can make or break the outcome of a sale.
Year-End Accounting: Reflecting on the Past and Preparing for the Future
For finance and accounting professionals, closing out one fiscal year while segueing seamlessly into the next places heavy demands on time and resources. However, a thorough review of the past year and a proactive approach to the future can make the process far more manageable.
West Michigan CPA and Advisory Firm Expands Services to Detroit
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.
Are Wealth Holders Prepared for the Next Era of Charitable Giving?
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.
Michigan Budget Bills Make Sweeping Tax Changes
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.
2025 Year-End Tax Planning for Individuals and Businesses
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.
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