As we approach the end of the year, now is the time for individuals, business owners, and family offices to review their 2024 and 2025 tax situations and identify opportunities for reducing, deferring, or accelerating their tax obligations.

The current tax landscape offers a unique opportunity to transfer wealth across generations with optimal tax efficiency. However, the beneficial provisions of the Tax Cuts and Jobs Act (TCJA) will sunset at the end of 2025, which may significantly impact estate planning strategies. With this in mind, high-net-worth families and individuals should consider the available strategies to mitigate future tax liabilities and preserve wealth for future generations.

The 36th Annual EHTC Chipping for Charity Golf Outing was a resounding success, highlighting the core values we hold dear at EHTC. This year’s event was not only a testament to our commitment to the community but also a celebration of teamwork, passion, and the spirit of giving.

For business owners with significant holdings, estate tax liabilities can pose unexpected and considerable challenges, potentially disrupting both the payment of estate taxes and the ongoing operations of the business. Developing a tax-efficient business succession plan is crucial to preserving wealth while ensuring the smooth transfer of business ownership.

Full-service CPA firm, EHTC, announces the hiring of Joanna (Jo) Gould, CPA as a Director in the Tax Department.

Gould has over nine years of experience in public accounting, with most of her career spent at a “Big Four” accounting firm in Grand Rapids. Gould specializes in tax compliance and planning for closely held businesses and their stakeholders, family offices, and high net-worth individuals.

As a college student, you know that an internship is a crucial part of your education — and your key to gaining real-world experience that so many prospective employers require. Choosing the right opportunity and the right organization can make all the difference. Beyond practical factors, such as relevance to the career path you’re on, the internship you select can help you understand what you want out of a work culture, as well as what you can expect in terms of growth and advancement.

Here are the first-hand experiences of three of our past interns, who all accepted positions with EHTC when their assignments were complete!

Exit planning is essential for business owners aiming for a seamless and valuable sale process. Engaging early and consistently reviewing value-adding initiatives can significantly enhance the outcome when it’s time to sell.

It may seem that there will always be time to address estate planning. However, a unique opportunity to maximize the amount of wealth that can be tax-efficiently passed to heirs will expire at the end of 2025.

In this article, we explain why 2024 is an ideal year to prioritize your wealth transfer plans!

Working capital is an extremely important part of any transaction and often causes confusion. It is important buyers and sellers fully understand the importance of the working capital PEG and how it affects the business transaction.

EHTC CPA and Assurance Services Manager, Mark Langejans, dives into the world of Assurance Services, particularly focusing on business audits.

BDO Alliance’s 2023 Private Capital Survey showed that the current environment has forced funds to focus on tending to their existing portfolio companies instead of pursuing new platform investments.

Strategic buyers often purchase Companies from the business founders who are looking for an exit plan for a variety of reasons. The diligence performed in each transaction is similar, although there are some distinct differences that should be considered.

West Michigan-based comprehensive accounting, tax, and business advisory firm, EHTC, promotes Accounting Services Director, Chelsea Sheafor, to partner-level.

As we gear up for the approaching tax season, we understand that this time of year can be accompanied by added stress.

At EHTC, we are committed to making your experience as smooth and successful as possible. We believe that staying organized and addressing important details ahead of time can greatly alleviate the pressure associated with tax season.

As we approach tax season, it's understandable that the process can become a source of stress! Life changes prompt us to reevaluate our financial strategies, and it might be the opportune moment to contemplate the shift away from opting for  the standard deduction and towards itemizing your deductions. Here’s how to get started!

EHTC is proud to announce it is one of West Michigan’s 2024 Best & Brightest Companies to Work For. Only companies that distinguish themselves as having the most innovative business acumen and human resource practices can be bestowed this honor. Considering the ten to one ratio of this program, these winning companies are truly innovative in their employee engagement execution.

Starting in 2024, the Corporate Transparency Act (“CTA”) mandates certain entities (primarily small and medium-size businesses) created in or registered to do business in the United States report information about their beneficial owners—the individuals who ultimately own or control a company—to the Financial Crimes Enforcement Network (“FinCEN”).

Growing your professional career can feel overwhelming at times, especially as you try to grow your network and business connections. EHTC Advisory Services Partner, Ryan McCaslin, shares his best advice for making the most of your career and your relationships.

Perhaps you’re looking into tackling your own accounting needs, or maybe you have a friend that can get into your company’s books on the weekend.

Both options may see viable and accessible, but both will likely lead you to more questions, concerns, and missed opportunities.

We hosted an intimate gathering of EHTC firm partners, building project partners, and community members to officially break ground on our Ada, Michigan property.