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CFOs’ Top Tips for Today’s Economy

With many industries feeling the impact of declining oil prices, Doeren Mayhew recently gathered a panel of seasoned CFOs from the construction, energy and service industries to share their perspectives on best practices and steps to overcome challenges in today’s economy. Featuring speakers from Global Fabrication Services, Lockwood International, The Signature Group and Karsten Interiors, the panel identified three ar... more

2016 Standard Mileage Rates

The Internal Revenue Service (IRS) has issued the 2016 optional standard mileage rates for calculating the deductible costs of operating an automobile for business, charitable, medical and moving purposes. The decline in gas prices appeared to spur the drop in the optional rates. New Rates Check our the new standard mileage rates for 2016 below. Doing business standard mileage rate drops from 57.5 cents a mile to ... more

Ask the Advisors – The Current State of M&A Market

What is the current state of the U.S. M&A market, and what are the contributing factors? M&A activity in the United States remained strong in 2015 surpassing 2014’s record year following the financial crisis of 2009, both in terms of deal volume and deal value. There are certainly a number of factors contributing to the increase in M&A beyond overall growth and expansion in the United States. Two fac... more

Save More by Deducting State and Local Sales Tax

For the last several years, taxpayers have been allowed to take an itemized deduction for state and local sales taxes in lieu of state and local income taxes. This break can be valuable to those residing in states with no or low income taxes or who purchase major items, such as a car or boat. But it had expired Dec. 31, 2014. Now the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) has made the break permanent.... more

20 Cash-Flow Management Ideas for Today’s Economy

Whether your business is booming as part of an industry thriving in today’s economy or suffering as part of a sector affected by the oil slump, cash flow can be an ongoing challenge. For growing businesses, cash can actually be extremely tight as you spend more to fulfill increased sales. If you’re feeling the squeeze on cash flow, consider these ideas for building reserves, improving margins, focusing spending and cr... more

February Deadline Approaches for Michigan’s PPT Reform

Taking effect this year is a set of new personal property tax (PPT) amendments stemming from the reform movement Michigan voters put into motion in 2014. The reform includes two major provisions shifting small taxpayer exemption measurements and updating the definition of eligible manufacturing personal property. Beginning the phase-in period in 2014, the provisions will be fully implemented on this year’s PPT returns d... more

Doeren Mayhew Merges in Adler & Company, P.C.

Doeren Mayhew, a top 60 Michigan-based CPA and advisory firm, announced today it has merged in a local Farmington Hills-based CPA firm, Adler & Company, P.C. Effective immediately, the entity will transition to operate under the Doeren Mayhew name. Adler & Company’s founder, Jay Adler, along with all his staff, have joined the Doeren Mayhew team in the national headquarters located on Big Beaver Road in Troy,... more

Contractors: 5 Questions to Start Your Year

Ready or not, a new year is here. As your construction business looks to make it a successful one, consider these five best practices for optimizing your financial position. Are you taking advantage of all the tax savings opportunities available to you? Frequently overlooked by construction professionals, the Research and Development (R&D) tax credit rewards businesses for improvements to their processes or technolo... more

Final Standard on Recognition and Measurement of Financial Assets and Financial Liabilities Issued

Last week, the Financial Accounting Standards Board issued Accounting Standard Update (ASU) 2016-1, Recognition and Measurement of Financial Assets and Financial Liabilities, which addresses classification and measurement of financial instruments accounted for under U.S. GAAP. Once fully adopted, ASU 2016-01 significantly revises how entities account and disclose financial assets and financial liabilities. For those en... more

Ask the Advisors – The Impact of Unstable Oil Prices on M&A

What impact is the unstable price of oil having on mergers and acquisitions in Houston, and what should I be doing now if my industry is being affected? While M&A activity continues to be strong nationally, we have certainly seen a slow-down for industries related to oil and gas. Regardless of where the business is today, the key is to focus on building value now so you are ready to capitalize on the upswing when i... more
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Doeren Mayhew CPAs and advisors is a certified public accounting firm serving businesses nationwide from offices in Florida, Michigan, North Carolina and Texas. Our award-winning CPAs and investment bankers provide comprehensive accounting and consulting services, specializing in domestic and international tax planning, construction accounting, manufacturing accounting, mergers and acquisitions, lawsuits and litigation support, business valuations and more. Combining a deeply rooted history with a progressive mindset, the firm offers insight into the business, oversight to ensure best practices and foresight for what's ahead. Visit for more information.