The One Big Beautiful Bill: What It Means for Your Taxes and Business
The One Big Beautiful Bill Act brings major 2025 tax changes that affect both individuals and businesses. This guide breaks down permanent rate cuts, expanded deductions, business write-offs, and new tax breaks—so you can understand what’s different and how to plan for the year ahead.
Navigating Sales Tax Compliance in Michigan: A Guide for Small Businesses
Managing sales tax can be confusing, but getting it right is essential for every Michigan small business. Learn how to register, what’s taxable or exempt, and how to keep your filings accurate and on time. Stay compliant and avoid costly mistakes with clear tips tailored for rural businesses.
Understanding 1031 Exchanges: A Powerful Tool for Small Business Owners
Looking to upgrade or diversify your business property in rural Michigan? A 1031 exchange can help you defer taxes and reinvest more money in your business. Discover how this powerful tool allows small business owners to grow, save, and make smarter real estate decisions.
Benefits of Outsourced Bookkeeping
Tired of spending late nights on bookkeeping instead of growing your business? Outsourcing your bookkeeping can help you reclaim your time, reduce stress, and ensure your finances are managed with expert precision. Discover how letting professionals handle your books enables you to focus on what matters most—building your business.
SIMPLE IRA vs. 401(k): Retirement Planning for Mid Michigan Small Businesses
Discover the differences between SIMPLE IRA and 401(k) plans for your Mid Michigan small business. Learn how to offer retirement benefits to attract talent and secure your team’s future. Raymond & King CPAs, based in the Thumb Region, guide you through 2025 retirement planning options. Contact us for expert advice!
How Depreciation Works for Mid Michigan Farmers Buying Equipment
Maximize tax savings on farm equipment with depreciation! Mid Michigan farmers can use Section 179 and bonus depreciation to reduce taxable income when buying tractors or irrigation systems. Raymond & King CPAs, experts in backroom accounting for farms under $10 million, help Thumb Region farmers optimize deductions. Learn how to plan smart for 2025 taxes.
Why Donating Stock to Your Church Can Be a Smart Charitable Move
One of the biggest advantages of donating stock instead of cash is the potential tax savings. When you donate appreciated stock that you’ve held for more than a year, you can avoid paying capital gains tax on the stock’s increase in value. Additionally, you may be able to claim a charitable deduction for the full fair market value of the stock on the date of the donation. This dual benefit can make a big difference come tax time.
Top 5 Accounting Tips for Small Businesses in Michigan's Thumb Region
Discover 5 essential accounting tips to help small business owners in Michigan’s Thumb Region save time, reduce stress, and stay financially organized. From tax planning to bookkeeping best practices, these expert insights from Raymond & King CPAs PLLC will set your business up for success