Norton & Kidd CPAs, P.C.

07/31/2026

We’re Moving Clio!

Starting August 1st we will be located at 108 N Mill St. This is just north of Vienna Rd next to the clock tower and PNC.

Our new Clio location will offer enhanced parking, spacious meeting rooms, and the same trusted team you rely on. All bookkeeping, payroll, tax, and advisory services will continue seamlessly, and our secure online platform stays fully accessible.

We look forward to welcoming you to our new location later this fall after we complete some upgrades.

All other offices remain unchanged.

Any questions feel free to call 989-791-1040 or email [email protected]

04/05/2026

11/16/2025

Are you thinking about making financial gifts to loved ones? Would you also like to reduce your capital gains tax? If so, consider giving appreciated stock instead of cash. You might be able to eliminate all federal tax liability on the appreciation, or at least significantly reduce it, by giving appreciated stock instead of cash to loved ones in the 0% bracket. The recipients can sell the assets at no or a low federal tax cost. Before acting, make sure the recipients won’t be subject to the “kiddie tax.” Also consider any gift and generation-skipping transfer tax consequences. We can answer any questions you have and suggest other ways you can reduce taxes on your investments.

09/16/2025

Attention Michigan Employers & Employees!

The Michigan Earned Sick Time Act (ESTA) goes into effect on February 21, 2025 for most employers. Small businesses (

09/05/2025

Come join us at Auto Fest 2025 this weekend in Frankenmuth!

09/05/2025

As summer gives way to fall, many businesses begin their annual budget-setting processes. Here are five ways to improve this often-difficult task: 1) Optimize data to eliminate confusing or conflicting information that could hamper budget performance. 2) Involve the entire organization to gain insights from each department’s knowledge base. 3) “Sell” your budget to staff, clearly explaining its rationale and objectives. 4) Once the budget is in place, monitor cash flow carefully and create a plan for shortfalls. 5) Get an objective opinion on your budgeting process. We can show you how to better analyze historical financial data, identify cost-saving opportunities and more.

07/18/2025

President Trump signed the One, Big, Beautiful Bill Act (OBBBA) into law on July 4. Here are some of the favorable changes that may affect you and your family. Starting in 2025, the child tax credit rises to $2,200 per qualifying child under 17 (up from $2,000). The deduction limit for state and local taxes (SALT) for 2025 is increased to $40,000. For 2026, the deduction limit rises to $40,400 and increases by one percent over the previous year’s amount in 2027–2029. The SALT deduction limit will return to $10,000 in 2030. The deduction is reduced (but not below $10,000) for higher-income taxpayers. These are just a couple provisions in the massive new law. Contact us if you have questions about your situation.

07/11/2025

Summer is when many people clean out closets, hold yard sales and sell items online. Is that money taxable? If you sell personally owned items, you generally only have to report income if you receive more than you paid for the items (or the price of a gift that you sell). Most items decrease in value over time, so chances are you’re incurring a loss and don’t need to report a sale. But if you’re fortunate enough to buy an item for $1, then find out it’s an antique that you sell for a small fortune, the sale is likely taxable. Keep accurate records. Also, if an occasional sale becomes an ongoing activity, the IRS may decide you’re running a taxable business. Contact us with questions.

01/28/2025

The IRS will start the 2025 filing season for individual income tax returns on Jan. 27. Even if you usually don’t file until April, you may want to file early. It can potentially protect you from tax identity theft. In this crime, a thief uses your personal information to file a fraudulent return early in the filing season and claim a bogus refund. Another benefit of early filing is that if you’re getting a refund, you’ll get it faster. This year, the filing deadline to submit 2024 returns, file for an extension and pay tax owed is generally April 15. If you’re requesting an extension, you’ll have until Oct. 15 to file. Contact us for an appointment to prepare your return.