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Business Consulting and
Tax Planning Services

Looking Out for Your Business's Bottom Line

Do you know how your business stands against your competition? Has the value of your company been determined lately? If not, your bottom line may be hurting unnecessarily. Every corporation has its area weakness, and our skilled staff has the expertise to help you find and fix your problem.

Tax Solutions Consultants

Accurately Assessing the Value of Your Business

Our detail-focused team uses time-tested valuation methods in all our work. We also investigate how your company compares to your competition. As a result, you can expect to receive a thorough assessment that provides you with an accurate business value with us.

To Discuss your Business Valuation Needs

Call for a consultation to discuss your tax audit needs. Get an expert second opinion on your business's valuation. Call on (248) 566 3362 & (248) 509 2218 for more information.

Business Valuation Services

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Get a Qualified Tax Professional on Your Side

With all the paperwork and numbers involved, preparing your annual income taxes can be complicated. With that being said, it's always possible that something could be missed or overlooked.

If you're concerned about the accuracy of your prior or current income taxes, turn to Tax Solutions Consultants. Our team of tax planning professionals will make sure your returns are correct and that you're getting all the credits and deductions you're due.

Saving You Money With a Thorough Tax Analysis

We'll provide an in-depth review of your prior tax returns to see if they were done correctly. If changes are needed, we'll work with you to provide the best solution possible. You can also count on us to analyze your current taxes and assist you with all future filings based on current tax law. If there's a way to save you money, we'll find it!

Tax Solutions Consultants

Saving You Money With a Thorough Tax Analysis

Standard Deductions
Joint or Qualifying Widow(er) $24,800 $24,400 $24,000 $12,700 $12,600 $12,600 $12,400 $12,200
Single 12,400 12,200 12,000 6,350 6,300 6,300 6,200 6,100
Head of Household 18,650 18,350 18,000 9,350 9,300 9,250 9,100 8,950
Married Filing Separately 12,400 12,200 12,000 6,350 6,300 6,300 6,200 6,100
Additional for ElderlylBlind-Married 1,300 1,300 1,300 1,250 1,250 1,250 1,200 1,200
Additional for Elderly/Blind-UnMrd 1,650 1,650 1,600 1,550 1,550 1,550 1,550 1,500
Taxpayer Claimed as Dependent 1,100 1,100 1,050 1,050 1,050 1,050 1,000 1,000
Personal/Dependent Exemption $0 $0 $0 $4,050 $4,050 $4,000 $3,950 $3,900
Unearned Income w/out Kiddie Tax $2,200 $2,200 $2,100 $2,100 $2,100 $2,100 $2,000 $2,000
Beginning of 22% (25%) Bracket
Joint or Qualifying Widow(er) $80,250 $78,950 $77,400 $75,900 $75,300 $74,900 $73,800 $72,500
Single 40,125 39,475 38,700 37,950 37,650 37,450 36,900 36,250
Head of Household 53,700 52,850 51,800 50,800 50,400 50,200 49,400 48,680
Married Filing Separately 40,125 39,475 38,700 37,950 37,650 37,450 36,900 36,250
Estates and Nongrantor Trusts 0 0 0 2,550 2,550 2,500 2,500 2,450
Beginning of 24% (31 %) Bracket
Joint or Qualifying Widow(er) $171,050 $168,400 $165,000 $153,100 $151 ,900 $151,200 $148,850 $146,400
Single 85,525 84,200 82,500 91,900 91,150 90,750 89,350 87,850
Head of Household 85,500 84,200 82,500 131,200 130,150 129,600 127,550 125,450
Married Filing Separately 85,525 84,200 82,500 76,550 75,950 75,600 74,425 73,200
Estates and Nongrantor Trusts 2,600 2,600 2,550 6,000 5,950 5,900 5,800 5,700
Beginning of 32 % (36%) Bracket
Joint or Qualifying Widow(er) $326,600 $321,450 $315,000 $233,350 $231,450 $230,450 $226,850 $223,050
Single 163 ,300 160,725 157,500 191,650 190,150 189,300 186,350 183,250
Head of Household 163,300 160,700 157,500 212,500 210,800 209,850 206,600 199,175
Married Filing Separately 163,300 160,725 157,500 116,675 115,725 115,225 113,425 111,525
Estates and Nongrantor Trusts N/A N/A N/A 9,150 9,050 9,050 8,900 8,750
Beginning of 35% (39.6%) Bracket
Joint $414,700 $408,200 $400,000 $416,700 $413,350 $411,500 $405,100 $398,350
Single, HOH, Married Filing Sep 207,350 204,100 200,000 208,350 206,675 205,750 202,550 199,175
Estates and Nongrantor Trusts 9,450 9,300 9,150 12,580 12,400 12,300 12,150 11 ,950
Beginning of 37% (39.6%) Bracket
Joint & Qualifying Widow (each) $622,050 $612,350 $600,000 $470,700 $466,950 $464,850 $457,600 $450.00
Single 518,400 510,300 500,000 418,400 415,050 413,200 406,750 400,000
Head of Household 518,400 510,300 500,000 444,550 441 ,000 439,000 432,200 425,000
Married Filing Separately 311,025 306,\75 300,000 235,350 233,475 232,425 228,800 225,000
Estates and Nongrantor Trusts 12,950 12,750 12,500 12,400 12,400 12,300 12,150 11,950
Beginning/Ending of Personal
Phaseout Range -Based on AGI
Joint or Qualifying Widow(er) N/A N/A N/A $313,800 $311,300 $309,900 $305,050 $300,000
Single N/A N/A N/A 261,500 259,400 258,250 254,200 250,000
Head of Household N/A N/A N/A 287,650 285 ,350 284,050 279,650 275 ,000
Married Filing Separately N/A N/A N/A 156,900 155,650 154,950 152,525 150,000
Beginning of Itemized Deduction
Phaseout Range -Based on AGI
Joint or Qualifying Widow(er) N/A N/A N/A $313,800 $3 11,300 $309,900 $305,050 $300,000
Single N/A N/A N/A 261 ,500 259,400 258,250 254,200 250,000
Head of Household N/A N/A N/A 287,650 285,350 284,050 279,650 275,000
Married Filing Separately N/A N/A N/A 156,900 155,650 154,950 152,525 150,000
BeginningfEnding of U.S. Savings
Interest Exclusion -Based on
Joint Return $123,550 $121,600 $119,300 $117,250 $1 16,300 $115,750 $113,950 $112,050
Unmarried 82,350 81 , 100 79,550 78,150 77,500 77,200 76,000 74,700
Married Filing Separately 0 0 0 0 0 0 0 0
Maximum Rate on Net Capital Gains 28% 28% 28% 28% 28% 28% 28% 28 %
Alternative Minimum Tax (AMT)
AM TI Less Exemption up to $175,000 $197,900 $194,800 $191,100 $187,800 $186,300 $185,400 $182,500 $179,500
AMTI Less Exemption over $175,000 197,900 194,800 191,100 187,800 186,300 185,400 182,500 179,500
($87,500 if Married Filing Separately) 98,950 97,400 95,500 93,900 93,150 92,700 91,250 89,750
Estate & Gift Exemption $11.58M $11.40 M $11.l8M $5.49 M $5.45 M $5.43 M $5 .34 M $5.25 M
AMT E xemption Amounts
Joint or Qualifying Widow(er) $113,400 $111,700 $109,400 $84,500 $83,800 $83,400 $82,100 $80,800
Single, HOH 72,900 71,700 70,300 54,300 53,900 53,600 52,800 $51,900
Estates & Trusts 25,400 25,000 24,600 24,100 23,900 23,800 23 ,500 $23,100
FICA/SE Tax Information'
FICA/SE Tax Max Earnings $137,700 $132,900 $128,400 $127,200 $118,500 $1 18,500 $117,000 $113,700
FICA (OASDI and HI) Tax Rate (EE) 7.65% 7.65% 7.65% 7.65% 7.65 % 7.65% 7.65% 7.65%
Maximum FICA Tax (Employee) $8,537 $8,240 $7 ,961 $7,886 $7,347 $7 ,347 $7,301 $7,049
Qualified Transportation Fringe
Vehicle/Transit Pass Limit $270 $265 $260 $255 $255 $250 $250 $245
Qualified Parking Limit 270 265 260 255 255 250 250 245
Max Deductible 401(k) Contribution $19,500 $19,000 $18,500 $18,000 $18,000 $18,000 $17,500 $17,500
Max IRA Contribution 6,000/7,000 6,000/7 ,000 5,500/6,500 5,500/6,500 5,500/6,500 5,500/6,500 5,500/6,500 5,500/6,500
Section 179 Deduction $1.04 M $1.02 M $1.00 M $510,000 $500,000 $500,000 $25 ,000 $500,000
Qualifying Property $2.59 M $2 .55 M $2 .50 M $2 .03 M $2.01 M $2.00 M $200,000 $2 .00 M
Earnings Ceiling for Social Security
Below Age 65 $18,240 $17,640 $17,040 $16,920 $15,720 $15,720 $15,480 $15 ,120
Age 65 $48,600 $46,920 $45,360 $44,880 $4 1,880 $41 ,880 $41 ,400 $40,080
Age 66-69 No Limit No Limit No Limit No Limit No Limit No Limit No Limit No Limit
Age 70 and Above No Limit No Limit No Limit No Limit No Limit No Limit No Limit No Limit

For the Long-Term Success of Your Defined Benefit Plan

Employers who offer defined benefit plans, such as pensions, typically enjoy better employee retention and loyalty. But if those plans aren't implemented correctly, they can be very costly to the employers.

For an expert analysis of your company's defined benefit plan that comes backed by over 60 years of combined experience, turn to Tax Solutions Consultants. Our team of professionals will make sure your plan is set up to work in your favor for years to come.

Tax Solutions Consultants

Identifying Ways to Reduce Your Tax Liability

Many employers find that they are limited in what they can contribute to their defined benefit plans. These limitations can hurt an employer's ability to adequately fund their retirement plans and increase the amount of taxes they owe.

But with Tax Solutions Consultants on your side, you may be able to take advantage of new tax law changes that you may not have known were available. You can rely on us to thoroughly analyze your defined benefit plan and then identify ways to reduce your tax liability while increasing the retirement contributions you can make.

Why Benchmark Your Company 401(k) Plan?

Welcome to Uncovering the Truth: Benchmarking Your Company's 401(k) Plan.

Benchmarking is simply the process of organizing, reviewing, and then evaluating to learn if your plan is competitive and provides an objective look at your 401(k) as a whole. See how your company 401(k) compares with other companies' 401(k) plans by using retirement plan benchmarking. The Benchmarking report will help you discover why making the right decisions for your company's 401(k) plan shouldn't be guesswork.

For people responsible for managing their company's 401(k) plan, those individuals who sign the 5500 form for ERISA, benchmarking is more relevant than ever between avoiding lawsuits, hiring and retaining employees, and contending with budgetary and investment pressures. Unfortunately, many 401(k) sponsors are unaware of how vital this information is to prove they have met the Fiduciary obligations. These reports are proof that you have met these standards. To receive further information regarding Benchmarking your Companies 401(k), please fill in the request form or give us a call at (248) 566 3362 & (248) 509 2218

Tax Solutions Consultants

A little bit about us, we provide ongoing educational services and customized support for 401(k) plan managers and offer comprehensive plan services that are designed to help employees optimize their retirement savings while easing the company's risk and administrative burden.

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