Small business owners see benefits from pass-through deduction, flat tax rate
The recent Tax Cuts and Jobs Act purported to simplify tax structures, rates and exemptions, but accountants say small businesses face plenty of nuances depending on their size, structure and profits. “One thing I have noticed, people thought they were going to be left with simpler tax laws and to some extent, some have,” said Sally Steffes, CPA and one of the partners at H&S Companies PC. “There are many variables to contend with.”
Small businesses join call for civil forfeiture reform
The state chapter of a small business advocacy group is among the supporters of a bipartisan bill package introduced this month to reform the way law enforcement seizes property from people suspected of crimes.
Q&A: Mandi Brower, Quality Car Wash
Mandi Brower’s first job with the family business was working in college as a cashier at the Quality Car Wash store on Eighth Street in Holland.
Alternative lender positions black-owned GR firm for growth
GRAND RAPIDS — When realized it needed to add vehicles to its fleet to grow the business, founder Rich Flowers ran into some roadblocks familiar to many African American and minority entrepreneurs.
Q&A: Justin Winslow, Michigan Restaurant & Lodging Association
The merger of the Michigan Restaurant Association and Check In Michigan, formerly known as the Michigan Lodging & Tourism Association, creates one of the largest trade groups advocating for business in Lansing.
EPS Security acquires Owosso firm
GRAND RAPIDS — EPS Security has made its second acquisition of 2018.
Niche law firm relocates HQ to downtown GR
GRAND RAPIDS — A niche law firm plans to relocate its Michigan headquarters to downtown, MiBiz has learned.
Startups find a place in West Michigan, despite cultural challenges
From the cannabis industry to beverage manufacturers to tech-focused firms, West Michigan continues to see an uptick in startups.
State extends funding to pair of capital funds
The Michigan Strategic Fund steered additional money into two capital funds that support high-tech startups and growing small businesses in the state.
The Invest Michigan Pre-Seed Fund II received $3 million to invest in startups through loans or equity. Grow Michigan LLC will receive $9.6 million for a second mezzanine-style fund that will provide loans to growing small businesses.
Grand Rapids, Start Garden seek to repair relationship
A recent kerfuffle between Grand Rapids economic development officials and executives at Start Garden Inc. highlights the challenges cities face when they try to encourage more entrepreneurial investments.