Harley M. Sherman, CPA

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Harley M. Sherman, CPA A CPA firm, specializing in individual and small business taxation and business issues. We take time to listen to our clients to minimize taxes and risk.

Specializing in income tax preparation and planning for individuals, families and small businesses. We are successful in recovering money from the IRS, work with our clients on Tax Planning to reduce income taxes. We also ensure prior years' Tax returns were prepared correctly. Harley has over 20 years of experience in personal income tax, home-based budgeting, small business start-up activities, accounting and income tax issues. He has been responsible for servicing clients in the medical, food service, real estate, governmental, and construction industries. He has an extensive background in accounting and auditing of Federally and privately funded construction projects and has attested on over $3 billion of construction projects, including Davis-Bacon Act and Disadvantaged Business Enterprise requirements.

📊 Revenue Isn’t the Same as ProfitStrong sales don’t always mean a healthy business. Check these four numbers regularly:...
10/21/2026

📊 Revenue Isn’t the Same as Profit

Strong sales don’t always mean a healthy business. Check these four numbers regularly:

- Revenue: What your business earns.
- Expenses: What it costs to operate.
- Profit: What remains after expenses.
- Cash flow: How money moves in and out.

Understanding all four helps you make better financial decisions.

10/21/2026

🎙️ Smart Money Podcast — Episode 35 is NOW HERE!

A brand-new episode with Harley Sherman is here! 💡💰

Tune in for another conversation about money, taxes, business, and making smarter financial decisions.

🎧 Listen to Episode 35 today!

Finish October with Your Finances in OrderBefore the month ends, have you reviewed your:- Income and expenses- Outstandi...
10/20/2026

Finish October with Your Finances in Order

Before the month ends, have you reviewed your:

- Income and expenses

- Outstanding invoices

- Cash flow

- Upcoming tax obligations

What’s one financial task you want to finish before November? Share below! 👇

💬 What’s Your Biggest Tax Planning Challenge?Which topic would you most like to understand?- Knowing how much tax you ow...
10/20/2026

💬 What’s Your Biggest Tax Planning Challenge?

Which topic would you most like to understand?

- Knowing how much tax you owe

- Making estimated tax payments

- Understanding deductions and tax brackets

- Managing tax extensions

Drop your answer in the comments! 👇

Educators Have New Options to Deduct 2026 Classroom Expenses – Did You Know?If you work as a K–12 teacher, instructor, c...
10/19/2026

Educators Have New Options to Deduct 2026 Classroom Expenses – Did You Know?

If you work as a K–12 teacher, instructor, counselor, principal or aide for at least 900 hours during the school year at a qualifying school, you may be able to deduct qualifying unreimbursed classroom expenses on your tax return.

For 2026, eligible educators may deduct up to $350 of qualifying expenses as an above-the-line deduction without itemizing, or up to $700 for a married couple filing jointly if both qualify, with a limit of $350 each.

Additionally, a new itemized deduction is available beginning in 2026 for educator expenses, with no separate dollar cap. You must itemize deductions to claim this additional deduction. It is also available to interscholastic sports administrators and coaches who meet the K–12 school and 900-hour requirements, and may cover additional expenses.

Eligible educators may claim both deductions, as long as the expenses used to figure each deduction do not overlap. A tax professional can help you determine whether you qualify and which deduction strategy yields the greatest possible tax savings.

💡 Tax Planning Shouldn’t Be a Last-Minute TaskWaiting until tax season to review your finances can leave you with fewer ...
10/15/2026

💡 Tax Planning Shouldn’t Be a Last-Minute Task

Waiting until tax season to review your finances can leave you with fewer options and unexpected tax bills.

Here are 4 things to stay on top of:
Track your income — Know what you’re earning throughout the year.

Review your expenses — Keep records organized and updated.

Plan estimated payments — Avoid surprises and potential underpayment penalties.

Ask questions early — Understand your options before deadlines arrive.

📅 Want to better understand your tax payments? Join Harley Sherman, CPA, for a free live webinar on October 29 at 1 PM ET covering tax liability, estimated tax payments, and extension payments.

🔗 Register here: https://go.hmshermancpa.com/tax-liability-webinar-hmshermancpa

🧾 A TAX FILING EXTENSION ISN'T AN EXTENSION TO PAY.This is an important distinction for federal individual income taxes....
10/15/2026

🧾 A TAX FILING EXTENSION ISN'T AN EXTENSION TO PAY.

This is an important distinction for federal individual income taxes.

🔹 More Time to File — An approved extension generally gives you additional time to submit your return.

🔹 Payment Is Still Due — Any tax owed is generally due by the original payment deadline.

🔹 Interest May Apply — Unpaid tax can accrue interest even when an extension has been filed.

🔹 Estimate Carefully — Review your expected liability and pay what you can by the deadline.

Want to understand estimated payments and extension rules in more detail? Join Harley Sherman, CPA, for our upcoming free webinar on October 29.

👉 Register here: https://go.hmshermancpa.com/tax-liability-webinar-hmshermancpa

💡 A QUICK FINANCIAL CHECK-IN FOR BUSINESS OWNERSCan you answer these four questions?💰 How much money came in last month?...
10/14/2026

💡 A QUICK FINANCIAL CHECK-IN FOR BUSINESS OWNERS

Can you answer these four questions?
💰 How much money came in last month?
💸 Where did most of your money go?
📊 Are you operating profitably?
🧾 What tax obligations are coming up?

You don't need to review every number every day, but regular check-ins can help you make more informed decisions.

How many can you answer confidently right now?

Address

20820 Greenfield Road, Suite 310
Oak Park, MI
48237

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 3pm

Telephone

+15862860915

Website

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