Culver CPA Group

Starting in 2026, Michigan small business owners will file significantly fewer 1099 forms — but accurate recordkeeping remains just as critical as before. The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, raises the reporting thresholds for Form 1099-NEC and Form 1099-MISC from $600 to $2,000 and reinstates the original 1099-K thresholds. Here's what these changes mean in practical terms for your Michigan small business taxes, and the steps you should take to stay compliant. Read more from our website blog: https://culvercpagroup.com/1099-thresholds-2026/

Do you know what the “be nice” organization is all about? We enjoyed learning about their mission and hearing the beneficial impact it can have to businesses, schools and health organizations. Remember: healthy employees mean healthy businesses. Let’s take care of each other.

Filing Extensions for Small Businesses

What are you doing to combat fuel costs?

Charitable Giving Opportunities

The OBBB Act includes a shift in how charitable contributions are treated for both itemizers and non-itemizers. This creates some opportunities.

Starting in 2026 non-itemizers can claim a charitable deduction: up to $1,000 for single filers or $2,000 for married couples filing jointly. This deduction could open the door for broader participation in charitable giving for those who take the standard deduction.

But the bigger change is for itemizers. Starting in 2026, a 0.5% floor will apply to charitable deductions. That means only the portion of a taxpayer’s charitable contributions that exceeds 0.5% of their adjusted gross income (AGI) will be deductible. For corporations, the floor is 1%, and the deduction remains capped at 10% of taxable income.

Culver CPA Group enjoys helping charitable givers! Let us know how we can help you.

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Can we prepare and file a tax return for your Non Profit Organizations?

Childcare costs are placing a burden on U.S. families, and this is affecting the nation’s labor force.

The result is an affordability–participation paradox: families cannot afford to work without childcare, yet cannot afford childcare in order to work.

Read more on SBAM.org website

For employers, rising childcare costs create tangible business challenges: increased absenteeism, lower productivity, and higher turnover, especially among prime-earning women. Ensuring access to affordable care is therefore not just a social concern, it is a strategic workforce imperative, directly influencing talent retention, operational efficiency, and the long-term resilience of the organization’s labor force.
https://www.sbam.org/childcare-affordability-causing-a-she-cession/

Childcare Affordability Causing a She-Cession? Explore the impact of childcare costs on labor force participation and how it affects U.S. families and gender roles.

Our clients 😍our team! Our NPS is 88, and our averal overall customer service rating is 9.53 out of 10. Thank you! We love you too!

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Warning: Have you received an unexpected text from the State of Michigan? There is a phishing scam in play. Read about it with this weblink.