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PPP Update - (11/20)

The IRS has released additional guidance regarding the PPP Loan. In this quick video, Jon shares his thoughts on the recent update.

If you have any additional questions about how this might affect your business, please contact our office at 231-935-1590. We’d love to discuss it with you.

Webinar Library

Election 2020: Tax Implications - (11/12)

Today Jon Sluis and Rick Delaney discuss potential tax implications from the recent presidential election.

Regardless of who wins, it’s important to plan ahead but also not be too rash in any decision making.

If you have any questions on how this election might affect you personally, give us a call at 231-935-1590 – we’re here to help!

Ask the Experts: Wills, Trusts, & Estates - (11/5)

It’s November 5th, the election is over but the results aren’t in. As soon as the dust settles we’ll be discussing tax implications and strategies.

This week we finish our Ask the Experts, Wills, Trusts, & Estates video as Jon and Jeff welcome back Cortney Danbrook from Danbrook Adams Raymond PLC (https://darlawyers.com/).

Now more than ever it is important to make sure your information is up to date and that you have a plan in place.

Scary Accounting Stories - (10/30)

Happy Halloween! Today, in honor of the holiday, we’ve put together some scary accounting stories from our accountants.

We hope you enjoy!

Integrated Payroll 2020 Update - (10/22)

In today’s video Andrew Nichols from Integrated Payroll brings us some information regarding payroll. This information includes IRS and other government agency notifications, Form 941 Information and more.

If you have any questions about your payroll, even if you are not a client of Integrated Payroll, give the staff a call at (231) 935-0225.

Ask the Experts: Wills, Trusts, and Estates - Part 2 - (10/15)

Today Jon and Jeff welcome back Cortney Danbrook from Danbrook Adams Raymond PLC (https://darlawyers.com/) to delve deeper into wills, trusts, and estates.

From tax implications to changing family dynamics, we discuss wills and trusts in detail.

Ask the Experts: Wills, Trusts, and Estates (10/8)

Today Jon and Jeff welcome Cortney Danbrook from Danbrook Adams Raymond PLC (https://darlawyers.com/) to discuss wills, trusts, and estates and why now is the time to update your existing plans, or create new ones if you haven’t already.

While wills and trusts aren’t the most exciting things to think about, planning now can prevent a lot of hardship in the future.

We’ll discuss the difference between wills, trusts and estates, and we’ll also share some examples of what happens when things aren’t planned out correctly.

Perspectives on Running a Business During COVID-19 (10/1)

We sat down with several business owners and managers from around the area to discuss how the COVID crisis impacted their operation, and what pivots they did to adjust to the challenges.

Special thanks to:

Image360 – https://traversecitymi.image360.com/
Common Good Bakery – https://www.commongoodbakery.com/
Safe Harbor – https://www.gtsafeharbor.org/
Roaster Jack – https://www.roasterjack.com/
Plant Masters – http://plant-masters.com/
Comfort Keepers – https://www.comfortkeepers.com/offices/michigan/traverse-city/

Video produced by: Insight Digital

Additionally, thank you to Shea Petaja for her assistance in this production.

New Videos, PPP Update and Tax Planning (9/24)

In today’s video Jon will be discussing upcoming videos and an update on the Payroll Protection Program (PPP) Loan Forgiveness process.

Because of COVID, PPP and other ongoing events, we encourage you to contact our office to discuss and plan for your 2020 taxes.

We’re here to help!

Backup Solutions - Protect Your Data (9/17)

Join us today as Stan Kirby from Insight Digital joins us to discuss back up solutions.

From thumb drives and portable hard drives, to cloud backups, there are lots of options to choose from when protecting your data.

We’ll discuss the pro’s and con’s of each back up type, as well as versioning, QuickBooks backups and the difference between file backups and system images.

If you’re concerned about protecting your data and aren’t sure if you’re set up correctly, we’re here to help. Call Insight Digital at 231-421-3553 for a consultation.

Buying a Business (9/10)

Buying a business is a rewarding yet daunting task. You may find yourself having to invent solutions to overcome hurdles that you never thought would exist. When first considering a purchase, some of the best ways to lower potential hurdles is through an honest assessment of that business’s stage of its life cycle, its operating cash flow, and the quality of its assets. Your conclusions may determine just how difficult or rewarding that purchase will become. In today’s video Jon and Jeff will be discussing things to consider when preparing to buy a business, and what goes into a proper valuation.

If you have any questions on your individual situation, please call our office, we’re here to help.

Payroll Deferral Memorandum Update - Part 3 (9/1)

We’re coming to you a little early this week to discuss the guidance that was recently released regarding the Payroll Deferral Memorandum.

Jon Sluis is joined by Andrew Nichols of Integrated Payroll to discuss what he’s seeing from his clients and specifically what clients should be aware of if they decide to participate in this program.

If you have any questions on how this may affect your individual situation, please call our office, we’re here to help.

Payroll Deferral Memorandum Update (8/27)

Today Jon provides an update on the Payroll Deferral Memorandum President Trump signed as part of an executive order on August 8th. We’re only a few days from the start of this program.

While we still don’t have a lot of guidance regarding the specifics, Jon will discuss possible strategies and considerations based on the information we do have.

We will provide updates as new information is released.

If you have any questions on how this may affect your individual situation, please call our office, we’re here to help.

Wealth Transfer - Seize the Opportunity (8/20)

Today Jon and Jeff will be discussing “Seizing the Opportunity” within the wealth transfer arena (estate, trusts, and the like).
2020 has created the perfect storm and may provide significant wealth transfer opportunities.

We encourage you to consider the opportunities with us.
No one likes talking about these topics, but in today’s environment, waiting until later may not be a wise decision.

We’re here to help! If you have questions about how this bill will effect you, please contact our office.

President Trump's Executive Order - 8/13

In today’s video we’ll be taking a quick look at what we know, what we don’t know and what we need to consider regarding President Trump’s August 8 Executive Order.

At this time, there are a number of unknowns regarding the order’s specific impact and how people and businesses should prepare.

Jon discusses some of these points and breaks down the four main aspects of the order:

  • Memorandum on Evictions,
  • Student Loan Deferral,
  • Unemployment
  • and the Payroll Tax Holiday

We’re here to help! If you have questions about how this bill will effect you, please contact our office.

Working Remotely (8/6)

In today’s video, we hand things over to Stan Kirby from Insight Digital, part of the InSolutions family.

He’ll be discussing things to consider when moving your workforce offsite or when having employees work from home.

If you’d like more information about working offsite or working with Insight Digital as your IT Partner, please call their office at 231-421-3553.
You can visit their website here: http://www.insightdigital.us.

PPP Loan Forgiveness (7/23)

In this video we’ll be discussing the Payroll Protection Program loan, and whether to apply for forgiveness now or later. If you received a PPP loan – applying for forgiveness is a necessary step. But when and how do you do that? Do you do 8 week or 24 week?

Jon discusses these questions and more in today’s video.

Download the EZ-3508 form here

Career Changes, Early Retirement and the Tax Implications

Did being at home make you realize how much you love family and want to be with them more? Or as an essential worker on the front lines, are you ready to call it quits? Perhaps the new normal isn’t how you want to operate as you finish your career?

Because of COVID-19, early retirement may not be something that’s five years down the road – perhaps your thinking about it now! If there is any silver lining, this might be it. Instead of waiting until this all plays out, maybe it’s time to write the ending now.

In this webinar, Shea Petaja, with New Retirement Radio interviews Jon and Jeff on what the tax implications are now vs. later. You will hear about some deductions you will want to take advantage of yet this year and a few that perhaps you should spread out. If you’re ready to stop doing what you’ve always done, together we can help you pivot to make the change happen on your terms.

Paycheck Protection Program Flexibility Act of 2020

In this webinar we discuss changes and potential strategy shifts business owners should consider regarding the PPP Flexibility Act. The PPP Flexibility Act:

• Covers a longer period of time – 24 weeks from the date of the loan’s origination (or December 31, 2020, whichever comes earlier.) This is an increase from the original 8-week coverage period, although the 8-week covered period remains an option.
• Gives businesses more time to replace full-time equivalent employees (FTEs).
• Raises the cap on using funds for non-payroll related expenses to 40% (from 25%).

We will dive into these items and more and how it might affect your business.

Additionally, we’ll discuss ways business owners can leverage these changes to their advantage, and why some businesses may not want to wait 24 months to apply for full loan forgiveness.

Breaking Updates to the PPP Loan Forgiveness Application

The forgiveness application was released by the SBA on Friday and the application and instructions provide new guidance (and further lack of guidance) in what was asked for/spelled out. It added further complexities on some things and added additional limitations that were not previously provided. It’s time to regroup, re-evaluate PPP planning already performed and work to ensure that if your company is hoping for forgiveness it will actually take place.

FAQs From Different Perspectives

This week, we’ll be presenting how the CARES Act is impacting individuals and businesses around Northern Michigan by talking with several different staff members here and hearing impressions from their point of view.

We’ll be talking with:

  • Susan Tipton – InSolutions – Office Manager
  • Corrine DiPisa – InTrust CPA – Staff Accountant
  • Rick Delaney – Intrust CPA – Tax Accountant
  • Andrew Nichols – Integrated Payroll – Operations Manager

Things to Consider as Reopening Approaches

This week on the webinar, we’ll explore things to consider as reopening approaches, including:

• renewed demands on cash flow
• phasing in employees who are returning to work
• considerations for customer contact

Additionally we will answer some questions we’ve received regarding more specific CARES circumstances.

Please stay tuned as new videos are coming in the Invision Series.

Please click here to download the Power Point Slides

Payroll Protection Program Loan Considerations and More

This week we will dive a little more into the Payroll Protection Program loan forgiveness considerations:

• What we know
• What we have a good idea on
• What we don’t know (but hope to get more clarification on in the coming weeks)

We’ll also touch on
• Things to consider when ramping back up / calling back employees
• Use of the low tax rates
• “Just because you can, doesn’t mean you should” regarding ability to defer RMD and ability to access retirement funds

At the end of the video we’ll answer questions we’ve been frequently asked.

Please click here to download the Power Point Slides

Moving Forward in this New Reality.

Reality may be setting in for you. Perhaps you are feeling some fatigue as you try to figure these details out. We are now entering the implementation phase – taking what we know and taking action to move forward. This week we will discuss:

• The Unemployment process
• More detailed Paycheck Protection Program (PPP) uses
• Other updates and practical guidance

Some additional links to help with Unemployment Insurance:

UIA Director Steve Gray Answers FAQs about unemployment benefits

How to File a Claim

How to File for Pandemic Unemployment Assistance

Create a MiWAM! Account

How to Claim Your Weeks of Unemployement Benefits

It’s All In the Details &
Self Employed

Today Jon and Jeff discuss the Recovery Rebate Credit, how this is the week of self employed, unemployment issues and the Business Incentive roll out.
Stay tuned to the end where Jon and Jeff answer some questions from our clients.

View Presentation Slides

Alphabet Soup - PPP / EIDL / ERC

Join us as we discuss the various CARES loan programs that are available for small business. We’ll make sense of the many acronyms and provide advice for what to business owners should consider when choosing the right course of action.

Payroll Protection Program (PPP), Economic Injury Disaster Loan (EIDL), Employee Retention Credit (ERC), and Payroll Tax Holiday

View Presentation Slides

CARES & You – Impact of the CARES Act

Congress has passed the $2 trillion, 883-page bill, called the “CARES Act” – a stimulus package that will have direct and lasting impact on each of us.

This bill impacts individuals and businesses alike in immediate ways, so we want to make sure you know what to expect without having to read 883 pages.

This webinar addresses some of the main points of the bill that will impact you.

View Presentation Slides

Implications of:
COVID-19 & Stay Home, Stay Safe

This Webinar is for business owners and key management individuals. Even if you are self employed or the company’s only employee, put on your “employer” hat today while watching this video. And in that context and throughout today’s discussion, one of the key principals to keep in mind – “Do what is right for the long term success of the business”.


Impact of:
Families First Coronavirus Response Bill

Last night Jon and Jeff held a brief webinar to discuss the potential impacts the Families First Coronavirus Response Bill might have.

Take a look and let us know if you have any questions.

We’d like to remind everyone that this is a fluid situation, subject to change.  For specific advice related to your circumstances, please contact us.  We’re here to help.