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Monthly Archives: July 2020

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unemployment benefits taxes

Do You Have to Pay Taxes on Unemployment?

tax preparationBy MI Tax CPAJuly 24, 2020

You pay taxes on windfalls like lottery wins and game show earnings, but not on stimulus checks sent out by governors and presidents. So what about when it comes to unemployment? It can be hard to keep track of everything that American citizens are required to pay taxes on and everything we aren’t. Between federal…

Prepare Your Business for a Recession

How to Prepare Your Business for a Recession? 9 Best Ways

businessBy MI Tax CPAJuly 1, 2020

Preparation gives your business the best chance of surviving a recession. While it might feel like doomsday is near, there are many strategies you can deploy to minimize the fallout.  By the same token, failure to prepare for recessions can force your business to make rash decisions in response to stressful economic conditions.  We’ll cover…

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