Choosing a Successor: Eight Tips
It's not easy to decide to step down from your position leading a company. But when the time is right and the decision must be made, how do you choose…
Using Home Equity To Build a Business
While it is possible — and sometimes desirable — to use a business loan to start a business, you can also use your house for the seed money. Two options…
Incentive Trusts: Can They Work For You?
Incentive trusts, like other trusts, are established by a grantor who names a trustee and funds the trust with the grantor's assets. The difference between incentive trusts and other trusts…
Payroll: Deadlines Are Key
Simple payroll errors are avoidable, but if you don’t pay attention, you could end up facing consequences that cost thousands of dollars in compliance penalties. Not only that but you…
Michigan Employers Will See Unemployment Tax Savings in 2025
Amount of employee wages that are taxed will fall to $9,000Most Michigan businesses will pay less in unemployment insurance taxes in 2025, the Michigan Unemployment Insurance Agency (UIA) announced today.Effective…
5 Tips for Attracting, Engaging and Retaining Gen Z
Gen Z is a generation like no other, and in order to maintain your business, you’ll need to think about how you can accommodate the up-and-coming workforce.How does Gen Z…
The Importance of Offering an Employee Satisfaction Survey
How would you define an engaged workforce? You might say it’s an environment where everyone involved feels valued and supported.Workplace engagement is a crucial aspect of business success. In fact,…
What Estate Assets are Protected From Creditors?
The executors are settling an estate — but the decedent owes money. What can the creditors take and what is reserved for the inheritors? There is no easy answer, and…
A Plan for Your New Business in Retirement
To start a business, first, you need a business plan to clarify your vision and operations. It serves as a management tool to help you raise money, if required, to…
Using the Section 179 Deduction
Section 179 of the U.S. tax code offers a tax incentive to small and medium-sized businesses by allowing them to take a full deduction on tangible assets in the year…