blogs| PLW CPA PLLC | MI

As the calendar year draws to a close, many business owners are focused on finishing client work, managing operations, and preparing for the holiday rush. Tax planning can easily become an...

10 End-of-Year (EOY) Questions for Businesses To Ask

Year-end tax planning gives you an opportunity to review the decisions that shaped your finances throughout the year before key deadlines pass. A thoughtful review may help reduce surprises at...

End-Of-Year Tax Moves - Individual

Payroll may run in the background of your business, but its impact is anything but minor. Your employees rely on receiving the right pay at the right time, while your company must meet tax, wage,...

Payroll Compliance Check - What It Is and How It Works

Business owners need dependable financial information to manage everyday responsibilities and make informed plans for the future. Whether a company is newly launched or well established, organized...

The Role of a Bookkeeper Versus an Accountant: What’s the Difference?

As December 31 draws closer, it is a good time for business owners to look beyond closing the books and start making informed tax decisions. Although filing deadlines may be months away, actions...

6 Smart Tax Moves to Make Before Year-End - Business

Business ownership requires constant decision-making, and many choices carry important accounting and tax consequences. Whether you are starting a company or reassessing established processes, a...

Common Accounting Questions for Business Owners

Many business owners wait until deadlines are approaching to think about tax season, but that last-minute rush often creates unnecessary pressure. A smoother experience usually comes from building...

Key Things You Can Do Now to Make 2027’s Tax Season Easier

Running a small business means balancing countless moving parts, and with so many demands competing for attention, administrative details can easily be overlooked. Payroll classification is one of...

Payroll Classification Explained

Business travel can lead to meaningful tax savings, but only when expenses are clearly tied to legitimate work activity. Many owners assume that any trip involving a meeting or conference fully...

Business Travel Tax Deductions: What Does and Doesn’t Count

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