Michigan’s New Sick Time Law: What Small Businesses Need to Know

by Capocore Professonal Advisors | Feb 3, 2025 | Business Brief, Capocore News, Company, Small Business Tax

Starting February 21, 2025, all Michigan businesses with one or more employees will be required to provide paid sick leave under the Earned Sick Time Act (ESTA). This law applies to all employers, regardless of size, and introduces new compliance requirements that...

🚨 Important Security Alert: Protect Yourself from Phishing Emails 🚨

by Capocore Professonal Advisors | Jan 22, 2025 | Business Brief, Capocore News, Individual Tax Brief, Small Business Tax

At Capocore CPA, your security is our top priority! We want to remind you to stay vigilant against phishing attempts, especially during tax season. We will be collecting our client’s 2024 Individual Income Tax Information & Organizers through SafeSend Gather. The...

Michigan Minimum Wage Rate 2025 Increase Schedule  

by Capocore Professonal Advisors | Dec 18, 2024 | Capocore News, Small Business Tax

LANSING, Mich. — Michigan’s Minimum Wage will increase twice in 2025 – first increasing on Jan. 1, 2025, following the usual rate increase schedule, and again on Feb. 21, 2025, in accordance with the recent Michigan Supreme Court ruling regarding the...

Important Alert for Business Owners: Beware of Fraudulent Beneficial Ownership Reporting Requests

by Capocore Professonal Advisors | Oct 21, 2024 | Small Business Tax

Business owners should be aware of a rising trend involving fraudulent requests related to Beneficial Ownership Reporting. These scams can create confusion and potentially expose your business to risks. Key Points to Consider: Understanding Beneficial Ownership...

Coronavirus (COVID-19) Legislation— Businesses

by Capocore Professonal Advisors | Oct 19, 2020 | Small Business Tax

Recent legislation, such as the Families First Coronavirus Response Act and the Coronavirus, Aid, Relief, and Economic Security (CARES) Act has provided some financial and tax relief for certain taxpayers. The following is a summary of some of the provisions. Filing...

Putting your child on your business’s payroll?

by Capocore Professonal Advisors | May 29, 2018 | Small Business Tax

If you own a business and have a child in high school or college, hiring him or her for the summer can provide a multitude of benefits, including tax savings. And hiring your child may make more sense than ever due to changes under the Tax Cuts and Jobs Act (TCJA)....