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SBA streamlines forgiveness process for most PPP loans.
The U.S. Small Business Administration (SBA) published new guidance Wednesday designed to simplify and speed up the forgiveness process for businesses and not-for-profits with Paycheck Protection Program (PPP) loans of $150,000 or less.
Advance Child Tax Credit Payments in 2021
Important changes to the Child Tax Credit will help many families get advance payments of the credit starting this summer. The IRS will pay half the total credit amount in advance monthly payments beginning July 15. You will claim the other half when you file your 2021 income tax return. These changes apply to tax year 2021 only.
$2M in COVID-19 Workplace Safety Grants Now Available
The State of Michigan has launched another round of funding for the Michigan COVID-19 Safety Grant Program. These grants will provide small businesses with fewer than 250 employees, including licensed non in-home childcare centers, matching funds of up to $10,000 to decrease the risk of COVID-19 spread through safety and health-related equipment purchased and training.
Our COVID-19 Policy
The well-being of our clients and employees is a top priority at Heemer, Klein & Company, PLLC. We understand the rapidly evolving situation with the coronavirus (COVID-19) is causing uncertainty in our community. We are monitoring reports from the major health organizations in order to take appropriate measures to control the spread of the virus.
See below for important information regarding client recommendations.
Paycheck Protection Program
The Paycheck Protection Program is available through March 31. Click here to stay up to date with the next round of PPP.
Individual Income Tax Preparation Services
Heemer, Klein & Company, PLLC has prepared over 75,000 individual tax returns (Form 1040) since our inception over 40 years ago. If Turbo Tax ® or the high fees at H & R Block® have frustrated you, we can help. From our Internet based tax preparation services via smart phones, emails, or our tax portal, to an appointment with our professional tax staff, we can make the filing process quick and easy. Call today for an appointment, free quote, or to get started. CPA in Sterling Heights, Warren and Richmond.
Find out what your CPA can do for you
From start-up to estate planning, tax saving strategies and reliable financial information from your CPA can make a substantial difference for you and your business. Call today to schedule a free initial consultation to discuss your goals and what Heemer, Klein & Company, PLLC can do to help you reach them.
New & Small Business Start-Up Specialists
No one has helped start more small businesses in the last 20 years than the experts at Heemer, Klein & Company, PLLC. Make us your first stop when considering your start-up options by calling today to schedule a free initial consultation to discuss your goals and what we can do to help you reach them.
Medical and Dental Practices Tax Experts
We are experts in the tax and accounting issues unique to medical and dental PLLCs. Powerful tax-saving plans specific to your practice, and fixed monthly/quarterly fees are core strategies for our healthcare professional clients. Call today to schedule a free initial consultation to find out why Heemer, Klein & Company, PLLC should be your first choice for tax and accounting services.
Franchise & Restaurant Specialty Services
If you currently operate a franchise or are considering one, your next call should be to the franchise and restaurant experts at Heemer, Klein & Company, PLLC. Our roster of franchisee clients include Jets Pizza®, Subway®, Taco Bell®, KFC®, Sorrento Pizza®, Wear Master®, Mrs. Fields®, McDonalds®, and Pizza Hut® franchises, most with multiple locations from northern Michigan to Texas. Call today to schedule a free initial consultation with the leader in franchise tax and accounting.
Small Business LLC and the S Corporation Tax Election
This tax election known as a “S Corp. election” has several advantages over the C Corporation status or an LLC taxed as either a partnership or sole proprietorship. However, the conversion process must be handled just right and to maximize the tax benefits of the conversion, we will expertly plan each step. Therefore, if you are interested in tax saving strategies for your LLC, consult with the business tax and accounting experts from Heemer, Klein & Company, PLLC.
IRS issues info letters to Advance Child Tax Credit
IRS issues information letters to Advance Child Tax Credit recipients and recipients of the third round of Economic Impact Payments; taxpayers should hold onto letters to help the 2022 Filing Season experience.