As a member of the hospitality industry, you know all too well that sound financial management can keep your business on track and strengthen your operations. If you start to feel a strain on your financials, you should reassess your accounting proce...

The Coronavirus Aid, Relief and Economic Security Act (CARES Act) introduced several areas of financial assistance and relief for business owners, but one of the more hyped provisions included is the loan forgiveness outlined under the Small Business...

In an effort to enhance Governor Whitmer’s “Stay Home, Stay Safe” executive order, Oakland County Executive David Coulter has put an executive health order in place requiring COVID-19 screening procedures for employees of essential businesses a...

Small businesses across the nation continue to be significantly impacted by the Coronavirus (COVID-19) outbreak, leaving them in need of financial assistance to stay afloat. As part of its Economic Injury Disaster Loan Program, the U.S. Small Busines...

Will you get the bank financing your company needs? Usually, credit approval is based on the Five C’s – capacity, capital, character, conditions and collateral – the factors banks and other sources of financing have used for many decades to hel...

Starting a new business is an exciting time. But before you even open the doors, you generally have to spend a lot of money. You may have to train workers and pay for rent, utilities, marketing and more. Entrepreneurs are often unaware that many exp...

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 upda...

The IRS has announced that, for 2014, it will allow qualifying small businesses to account for tangible property on a go-forward basis for that year and without filing Form 3115. Essentially, the new rule makes it easier for small businesses to adopt...