by williamsandknack | Nov 25, 2021 | Uncategorized
The White House first released its proposed Tax Reform Plan in April, 2017. The initial release was one page and short on details. Following that, the Secretary of the Treasury released more details on the proposed “Trump Tax Plan.” The Trump Tax Plan would have the...
by williamsandknack | Nov 25, 2021 | Uncategorized
On Saturday, December 2, 2017, the Senate garnered 51 votes to pass its proposed Tax Reform Bill. It now goes to the Joint Committee on Taxation, a joint creature of the Senate and the House, for reconciliation to try to work out the differences in the two proposed...
by williamsandknack | Nov 25, 2021 | Uncategorized
Most people will die with at least some debt to their name. The average total balance of debt for U.S. consumers in what is considered to be the “middle to upper middle class” is $290,000. What happens to these debts when you die? In short, when you die, debt incurred...
by williamsandknack | Nov 25, 2021 | Uncategorized
ne common mistake made by business owners in either new or well-established businesses is that their company is set up as a limited liability company (LLC) with the State of Michigan and elects to be treated as an S corporation for Federal Income Tax purposes. The...
by williamsandknack | Nov 25, 2021 | Uncategorized
When people ask me what type of law I practice, I tell them that we handle mostly business law, estate planning, and probate. Because “business law” is so broad, I will often extrapolate on that and talk about how we assist entrepreneurs with everything from the start...
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