AHP Articles

Calculator, money, note pad with tax credit written on it.
Created: Monday, March 15, 2021

Employee Retention Credit Expanded by the American Rescue Plan Act

An eligible employer is allowed a credit against their Medicare payroll taxes for each quarter in an amount equal to 70% of the qualified wages in 2021. The Act extends the Employee Retention Credit (ERC) from June 30, 2021 until December 31, 2021.
Money, U.S. Tax Return Check, Tax Form 1040
Created: Friday, March 12, 2021

American Rescue Plan Act Includes New Individual Tax Provisions

On Thursday, March 11, 2021, President Biden signed into law the American Rescue Plan Act. The Act includes a new round of economic stimulus payments and several tax-related provisions for individuals. This article provides an overview of the individual povisions that were included in the Act.
Created: Wednesday, March 3, 2021

PPP Adjusted to Prioritize Very Small Businesses

When the Small Business Administration (SBA) launched the Paycheck Protection Program (PPP) last year, the program’s stated objective was “to provide a direct incentive for small businesses to keep their workers on the payroll.” However, according to federal officials, the recently issued second round of funding has distributed only a small percentage of the $15 billion set aside for small businesses and low- to moderate-income “first-draw” borrowers.
Man working on computer with lock icon over the keyboard
Created: Friday, February 26, 2021

IRS Recommends Individuals Be Aware of the Potential Threat of Unemployment Benefits Identity Theft

What should you do if you received a Form 1099-G from your state for unemployment benefits you did not receive?
Hands of two individuals holding an ipad while discussing business.
Created: Tuesday, February 2, 2021

Payroll Tax Changes and Other Related Matters for 2021

Federal and State of Michigan tax changes and information for this year. Learn more about the 2021 changes in this article.
Man holding sign that says FFCRA
Created: Monday, January 18, 2021

Extension of Payroll Tax Credits Under the FFCRA (as Enacted with the Signing of the CAA)

The Consolidated Appropriations Act (CAA), 2021, signed into law on December 27, 2020, extended the employer tax credits available to employers who voluntarily pay eligible employees sick leave and/or expanded family and medical leave through March 31, 2021. Learn more about the extension in this article.
Woman with hand on computer keyboard, pen in hand, with papers clipped together and a binder entitled Grants on top
Created: Friday, January 15, 2021

Michigan Small Business Survival Grant Program to Begin Accepting Applications Tuesday

The State of Michigan announced a new grant program for small businesses who are experiencing ongoing loss from COVID-19 and the Gatherings and Mask Order. Learn more about the Program in this article.
Corona Virus image with COVID-19 Corona Virus next to it
Created: Monday, December 28, 2020

Pandemic Relief Package for Individuals and Businesses Signed by President Trump

Congress has passed new stimulus relief legislation which contains multiple provisions to help taxpayers, including individuals and businesses. The President signed this legislation yesterday after almost a week of uncertainty about whether he would or would not sign it. After review and analysis of the new legislation, this article highlights what we believe will be of most interest.
Man and woman at restaurant/deli counter handing over a food bag
Created: Monday, December 14, 2020

Michigan Strategic Fund Unveils $10 Million in Grants for Small Businesses

The Michigan Strategic Fund has approved a $10 million grant program to assist small businesses who have been adversely affected by the Coronavirus pandemic.
Image with waves, lock, ATM receipt, credit cards, fishing hooks, I.D., etc.
Created: Wednesday, November 11, 2020

Should You Go Phishing with Your Employees?

Every business owner is aware of the threat posed by cybercriminals. If a hacker were to gain access to the sensitive data about your business, customers or employees, the damage to your reputation and profitability could be severe.