As was recently reported in the Jackson Citizen Patriot newspaper, the Jackson, Michigan area is experiencing an oil exploration boom. Many exploration and drilling companies are combing the area, signing leases with landowners, and exploring the sub… Read More

A recent Tax Court decision held that investors in certain businesses could deduct losses associated with those businesses against salary and investment income. This decision goes against a long-standing position taken by the IRS that such losses cou… Read More

With the current economic downturn, many employers are faced with the economic reality of being unable to continue the safe harbor matching contribution or non-elective employer contribution for their 401(k) plans. The mid-year termination of a safe… Read More

Amendments to Michigan’s Foreclosure by Advertisement statutes go into effect July 5, 2009 and expire two years later. The primary change is a 90-day pre-foreclosure process which is meant to help the borrower avoid foreclosure. Before starting a f… Read More

People make mistakes, but that one mistake should not haunt them for the rest of their lives. Under a little known or talked about Michigan law, someone with a criminal conviction (with some exceptions) can seal or expunge their record after a certai… Read More

Other than Estate Planning, the most neglected area of personal and business financial planning is the establishment of a perpetuation plan for your business. Most small business owners are so consumed by the day-to-day activities of their business t… Read More

Michigan is considered a no-fault divorce state. Basically, this means you do not have to give the court a reason for no longer wanting to be married. Whether your spouse is abusive or just refuses to pick up dirty socks, it doesn’t matter. It also… Read More

Credit repair scams are becoming popular with today’s economy and consumers need to be cautious when looking for help. Federal law regulates the activities of these credit repair organizations. A credit repair organization is any person or company… Read More