BHT&D Certified Public Accountants Blog

Sources cited by the Washington Post indicate that if the IRS does not have direct deposit information on record for you, paper stimulus checks will be mailed out starting on April 24th. The IRS plans to issue checks at a rate of about 5 million checks per week, which could take up to 20 weeks to complete. They will be sent out in reverse 'adjusted gross income' order, starting with people with the lowest income first:

Tags: Economic Impact Payment, IRS Direct Deposit, IRS Paper Check, Stimulus Payment

To answer questions about paid sick leave and unemployment, we are providing a chart about recent federal and Michigan state updates.

The comprehensive chart answers questions about:

Tags: Michigan, COVID-19, Paid Sick Leave, Michigan Unemployment

With over 4.5 million users world wide, QuickBooks is the leading software choice for small businesses.  QuickBooks is popular in large part due to how easy the program is to learn. You do not need to have an accounting degree, or for that matter really understand all accounting concepts to use the program.  For this same reason, QuickBooks can allow for some very interesting things to occur.

Tags: Small Business Accounting, QuickBooks Tips, QuickBooks, Small Business

There are several new forms that have been issued by the IRS related to reporting requirements under the Affordable Care Act.

Tags: Individual Tax Return, Tax Planning, Premium Tax Credit, Affordable Care Act

Tax planning this fall could mean more money in your pocket at April 15th.

Tags: Individual Tax Return, Tax Planning, Tax Deductions, Retirement Plan, Business Tax, Tax Return, Farm Taxes

Many of today's businesses involve activities in multiple areas. In a retail environment, this might involve food sales versus non-food sales.

Tags: Small Business Accounting, QuickBooks Tips, QuickBooks

On April 14, 2014, the IRS issued a warning about telephone scams. This is likely to be an ongoing issue. So, we wanted to make sure you were aware of this. The IRS article states:

Tags: IRS, IRS Telephone Scams

There were many tax provisions that expired as of December 31, 2013. Is Congress taking any action to extend these provisions?

Tags: Expire Act, Tax Provisions, Small Business Accounting

A tax deduction question we often hear is, "What are my options for deducting my automobile expenses?" The Internal Revenue Code allows for two methods for deducting automobile expenses incurred for business use purposes, the standard mileage rate method and the actual expense method. Are you using the best method for you?

Tags: Automobile Expense Tax Deductions, Tax Deductions

Sometimes, we are asked, "How can I contribute more to my retirement than is allowed under a simple IRA plan?" In this article, we'll discuss some of the retirement plan options to address this question.

Tags: Retirement Plan, Simple IRA Plan