Many companies are revamping their retirement savings programs and employees need to revise their financial plans to protect their nest eggs. What's the best way to do it? First, do not stop contributing even if you are unhappy with the new option. You still should keep contributing to your company’s 401(k) plan. There are few…
As a valued Lewis & Knopf, CPAs, P.C. client, you deserve to be informed first on important tax and accounting updates, and we want you to be aware of a recent tax legislation that has passed, Public Act 38 of 2011. The plan will cut overall business taxes and eliminate some tax credits. As your…
The June 2011 Client Bulletin is now available. Please click on the link below to view the full issue. This month's issue contains the following articles: Choosing the Right 401(k) Avoid Higher Medicare Premiums Small Businesses Fight Soaring Health Care Costs Tax Calendar For more information about these topics, please contact our professionals at 810-238-4617.
At Lewis & Knopf, CPAs, P.C., it is our priority to make sure you stay informed and "ahead of the game." We take a sincere interest in your financial well-being and are here to help you with any issues that may arise. With this in mind, due to the lack of amnesty programs throughout the…
Time is of the essence in today's volatile financial environment, and you deserve to be informed first on important tax and accounting updates. At Lewis& Knopf, CPAs, P.C., our advisors understand your needs and are mindful of the issues you face. With this in mind, we wanted to make you aware of an important announcement alert…
The flow of cash leaving your business can be a major concern during this economic slump. Of course, this is a sensitive matter, because you do not want to jeopardize long-standing relationships with suppliers or clients. With that in mind, here are several ideas to consider. Arrange to pay large bills at the latest date…
As the owner of a small business, you have probably realized the need for an Internet presence in this competitive business environment. However, after you have developed a website, it may become stale if you do not update it on a regular basis. And then there is no reason for clients and prospects to return…
Essentially, a “business plan” is a blueprint for running the company on an annual basis. But a comprehensive plan can do much more than that. Here are several benefits you may typically realize from a business plan: The plan can provide a needed sense of direction. It will show you where you are, where you’re…
Business Standard Mileage Rate for 2011 The IRS has announced the optional business standard mileage rate for 2011. The rate is 51 cents per mile for calculating the deductible costs of operating a car, van, or pickup or panel truck for business purposes. Taxpayers have the option of calculating and deducting the actual costs of…
The May 2011 Issue of the Client Bulletin is now available. Please check out the publication for timely financial information that could affect you. The publication includes the following articles: With Savings Bonds, Prepaying Tax May Be a Good Tactic Use Appreciated Assets for Charitable Donations Going for the Gold Tax Calendar For more information…
