Blog posts from: 2017
Protecting your child from identity theft
Just when you thought identity theft couldn’t get any worse, an emerging market for identity theft thieves is now children. This crime, unfortunately, has the ability to go undetected as young children likely won’t use their social security numbers for...
Understanding the recent changes to Michigan’s unclaimed property laws
Beginning in 2018, all entities registered to do business in the State of Michigan with nothing to report will be required to submit negative reports. In an effort to help our clients understand the recent changes to our state’s unclaimed...
Why hiring an expert for trust and estate planning is critical
A recent blog post from the AICPA highlights the importance of estate planning with the story of superstar, Prince, who left no will or estate plan for his $250 million fortune. Although it’s been more than a year, the court...
Negative reporting for unclaimed property starts in 2018
Beginning in 2018, all entities registered to do business in the State of Michigan with nothing to report will be required to submit negative reports. All entities have the ability to both report and remit payments electronically. Additionally, Michigan's Voluntary...
How businesses can better plan strategically
Instead of approaching business as a series of problems to be solved – say, how to cut down on spending, or how to keep employees from getting bored at work – organizations should take a more appreciative look at themselves....
Five management mistakes that can come back to haunt you
Don't be haunted by the ghosts of mistakes past. Instead, find out how to fix what's broken and never make the same scary mistake twice. You don’t have to be alone in a dark, scary house or visiting a graveyard...
Strategies to retain talent following an acquisition
Here are a few best practices to effectively assess and retain top talent in an acquisition: Define strategy and culture. What is the goal of the deal: to expand an existing business line or to diversify? The buying company must define...
Cast a critical eye as a first step to fighting fraud
A healthy dose of professional skepticism is essential in fighting fraud, even if it goes against human nature to be skeptical of people we’ve come to trust. A Crowe Horwath report outlines steps stakeholders can take to encourage such skepticism....
Achieving “Inbox Zero”
Email is one of the electronic age’s most valuable communication tools. However, if this medium is not managed properly all those messages can clog an inbox and grind productivity to a halt. The following steps will allow you to maintain...
Client Question: How long should I keep my tax records?
FROM THE IRS: The length of time you should keep a document depends on the action, expense, or event the document records. Generally, you must keep your records that support an item of income or deductions on a tax return...