5 possible tax aspects of a parent moving into a nursing home
If your parent is entering a nursing home, there may be tax breaks. For example, the costs of qualified long-term care, including nursing home care, are deductible as medical expenses to the extent they, along with other medical expenses, exceed 7.5% of adjusted gross income (AGI). If your parent qualifies as your dependent, you can include any medical expenses you incur for your parent along with your own when determining your medical deduction. Premiums paid for a qualified long-term care insurance contract are deductible as medical expenses (subject to annual limitations based on age) to the extent they, along with other medical expenses, exceed the percentage-of-AGI threshold.
2-Day Online auction of Precision Tooling & Warehouse Support Equipment
The public will have a major opportunity to participate in a 2-day facility liquidation auction. Assets in this auction include a massive selection of tooling, forklifts, compressors, plant support equipment & much more. Registration is free and open and you will get more details by clicking the following link aucto.com. Polk & AssociatesLarge enough to serve a […]
Multifamily Marketing’s (Not-So-New) Tech Essential
As the health crisis hit the world, every business sector had to look far and wide for new resources to tap—and most professionals found that, sometimes, the most useful solutions are not the newest ones. QR codes have been around for more than 20 years, but they have taken off since the onset of COVID-19, […]
Multifamily Marketing’s New Hot Tool: TikTok
As the pandemic forced an increasing number of businesses to switch to online operations, the real estate industry took to an unlikely platform: TikTok. According to official data provided by the platform, 42 percent of TikTok users say they’re using the app to discover new things, from dance trends and songs to lifestyle hacks and pranks, […]
Self Storage Rents Continue Strong Performance
Self storage fundamentals remained strong in May, with substantial rent growth registered across the U.S. On a year-over-year basis, street-rate rents increased 10.7 percent for the average 10×10 non-climate-controlled units and 12.8 percent for the climate-controlled units of similar size. The sector also saw considerable rent growth on a month-over-month basis—up 1.6 percent and 2.2 […]
The hottest real estate markets to invest in, according to experts
Work from home, but invest across the nation. Real estate investments shouldn’t be limited to where you physically live, as you may be missing out on some of the hottest markets in the nation. The experts at Roofstock agree completely, which is why they are on a mission to make buying and selling properties a breeze while breaking […]
Michigan adds requirement for unemployment, relaxes rules for manufacturing workers
Although Gov. Gretchen Whitmer vetoed one Republican-sponsored unemployment bill this week, she signed another one into law. Whitmer signed Senate Bill 501, which adds a requirement for people on unemployment and relaxes the rules for laid-off manufacturing workers expecting to get recalled. Sen. Ken Horn, R-Frankenmuth, sponsored the bill. Whitmer vetoed a Republican bill this week that […]
West Michigan manufacturers see opportunity in automation, Industry 4.0 as labor shortage persists
Dowagiac-based Lyons Industries Inc. has long been notorious for dirty, thankless work. Lance Lyons, a third-generation president for the bathroom fixtures manufacturer, once passed through a Burger King drive-thru when a restaurant employee spotted his company T-shirt. “The woman recognized my shirt and said, ‘I heard that place is really tough to work at,’” Lyons […]
$6 Million Appropriation Will Provide Long-Term Solutions to Talent Crisis
As part of MMA’s effort to provide solutions to the acute need for manufacturing talent now and in the future, I am proud to announce that this week Governor Gretchen Whitmer signed into law a $6 million appropriation secured by MMA to double the number of schools participating in the Partnership Response in Manufacturing Education […]
Get serious about your strategic planning meetings
Businesses should take strategic planning seriously. One way is to hold meetings focused on plotting your company’s future. To get the most from these gatherings, follow some best practices for any formal business meeting. Set a clear and feasible agenda so there will be no surprises. If necessary, lay down rules to preserve decorum and prevent (or resolve) conflicts. Choose a facilitator to oversee the meeting. If no one at your company feels up to the task, you could engage a qualified outside consultant. Record the minutes of the meeting to document what took place and which (if any) decisions were made. Contact us for help with the financial aspects of strategic planning.
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