AHP Articles

Created: Tuesday, February 8, 2022

Did you give to charity in 2021? Andrews Hooper Pavlik PLC wants to make sure you have substantiation

If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the donations. But what happens if you haven’t received such a letter — can you still claim a deduction for the gift on your 2021 income tax return? It depends.
Created: Friday, February 4, 2022

Advance Child Tax Credit Payments – Letter 6419

This past week, the IRS began mailing letters to recipients of advance child tax credit payments. If you received this letter, DO NOT THROW IT AWAY. Please retain it and provide it to Andrews Hooper Pavlik with your other tax documents. This document is necessary for calculating the remaining child tax credit available on your 2021 tax return.
Created: Tuesday, February 1, 2022

Keeping meticulous records is the key to tax deductions and painless IRS audits

If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. Specifically, you should carefully record your expenses in order to claim all of the tax deductions to which you’re entitled. And you want to make sure you can defend the amounts reported on your tax returns in case you’re ever audited by the IRS.
Created: Wednesday, January 26, 2022


Andrews Hooper Pavlik PLC (AHP) is pleased to announce the merger of McMahan, Thomson & Associates, P.C. (MTA) with AHP effective January 1, 2022. McMahan, Thomson & Associates, P.C., is a certified public accounting firm in Midland, Michigan. The addition of the MTA partners and staff increases the AHP offices in nine cities throughout the state of Michigan to include over 170 team members.
Created: Tuesday, January 25, 2022

Smooth sailing: Tips to speed processing and avoid hassles this tax season with Andrews Hooper Pavlik PLC

The IRS began accepting 2021 individual tax returns on January 24. If you haven’t prepared yet for tax season, here are three quick tips to help speed processing and avoid hassles.
Created: Tuesday, January 18, 2022

Help safeguard your personal information with Andrews Hooper Pavlik PLC by filing your 2021 tax return early

The IRS announced it is opening the 2021 individual income tax return filing season on January 24. (Business returns are already being accepted.) Even if you typically don’t file until much closer to the April deadline (or you file for an extension until October), consider filing earlier this year. Why? You can potentially protect yourself from tax identity theft — and there may be other benefits, too.
Created: Tuesday, January 11, 2022

Andrews Hooper Pavlik PLC wants to know how will revised tax limits affect your 2022 taxes?

While Congress didn’t pass the Build Back Better Act in 2021, there are still tax changes that may affect your tax situation for this year. That’s because some tax figures are adjusted annually for inflation.
Created: Tuesday, January 4, 2022

Defer tax with a like-kind exchange

Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is with a Section 1031 “like-kind” exchange where you exchange the property rather than sell it. With real estate prices up in some markets (and higher resulting tax bills), the like-kind exchange strategy may be attractive.
Created: Monday, December 20, 2021

Amendment to the Income Tax Act

Michigan Governor Gretchen Whitmer signed House Bill 5376 into law on December 20, 2021 which amended the Income Tax Act and implemented an elective flow-through entity tax in Michigan.
Business concept of planning 2021. Male hand flips wooden cubes and changes the inscription 'Taxes 2020' to 'Taxes 2021'. Beautiful orange background, copy space.
Created: Friday, April 23, 2021

Unemployed Last Year? Buying Health Insurance This Year? You May Benefit from Favorable New Changes

In recent months, there have been a number of tax changes that may affect your individual tax bill. Many of these changes were enacted to help mitigate the financial damage caused by COVID-19.