blogs| PLW CPA PLLC | MI

Choosing the right business structure is more than an administrative formality—it sets the foundation for how your company will be taxed, managed, and legally protected as it grows. Many business...

Long-Term Tax Impacts of Business Structures

A mid-year tax checkup is one of the most effective ways to keep your business on track long before deadlines arrive. Taking time to evaluate your financial standing now helps you make smarter...

Why a Mid-Year Tax Check is Crucial for your Business

Commercial real estate offers more than rental income and long-term appreciation — it also provides a variety of tax benefits that can strengthen your overall financial strategy. These advantages...

Tax Benefits of Commercial Real Estate - Business Tax Prep

Running a business is already a full-time challenge, so the last thing you want is to leave money on the table at tax time. Many business owners assume the most valuable deductions are buried deep...

Discover Overlooked Tax Breaks Hidden in Your Everyday Paperwork

An S-corp election can reduce self-employment taxes for some Michigan small business owners, but it is not a fit for everyone. The strategy changes how owners are paid, adds payroll requirements,...

S-Corp Election for Michigan Small Businesses: When It Helps (and When It Doesn’t)

The FICA Tip Credit allows eligible restaurants to recover a portion of payroll taxes paid on employee tips, but only when tips are reported correctly. The credit is based on reported tip income...

FICA Tip Credit: How Restaurants Claim It (and What Doesn’t Count as Tips)

A 1031 exchange allows Metro Detroit real estate investors to defer capital gains taxes when selling and reinvesting in like-kind property—but only if strict IRS deadlines are met. You must...

1031 Exchange Timeline & Mistakes Metro Detroit Investors Make