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GRBJ Highlight: Do you know where your personal assets will go when you’re gone?

The staff at Baker Holtz contribute regularly to the Grand Rapids Business Journal blog.  In this article, tax manager Melissa Seguin asks: “Do you know where your personal assets will go when you’re gone?”   If you don’t know, chances are someone else will make that decision for you. Planning for events that will take place after...

your death may seem futile, since you won’t be here. But when you work tirelessly over the course of your life creating wealth for you and your family, it only makes sense that you choose who gets to enjoy the fruits of your labor. Proper estate planning ensures that your loved ones receive your money in... [read more]

GRBJ Highlight: Michigan’s personal property tax reform – it’s not as easy as it sounds

The staff at Baker Holtz contribute regularly to the Grand Rapids Business Journal blog.  In this article, Baker Holtz principle Steven Struck discusses why Michigan’s personal property tax reform is not as easy as it sounds. On Aug. 5, Michigan voters elected to repeal Michigan’s personal property tax, or PPT. What does this mean for Michigan businesses?...

First, know that the repeal is complicated and that PPT is not completely going away anytime soon. While the repeal is scheduled to begin on Jan. 1, 2016, it actually takes seven years to fully phase in, and after the full phase in, some property will still be subject to PPT. The reform package includes three... [read more]

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