Brett is the president and owner of Norton Kidd Accounting & Consulting, P.C. He graduated from Western Michigan University with a major in accounting and a minor in economics. Brett focuses on assisting individuals and closely held business owners increase their net worth through tax and financial planning strategies.
He is a member of the American Institute of Certified Public Accountants, the Michigan Association of Certified Public Accountants, and the Frankenmuth Bible Church.
Brett lives in the Frankenmuth community with his wife and three young children. He is a sports enthusiast and likes to spend time with his family at Higgins Lake.
I am writing to inform you of a significant new tax deduction taking effect in 2018 under the new tax law. It should provide a substantial tax benefit to individuals with "qualified business income" from a partnership, S corporation, LLC, or sole proprietorship. This income is sometimes referred to as "pass-through" income.
The deduction is 20% of your "qualified...
The year is quickly drawing to a close, but there’s still time to take steps to reduce your 2017 tax liability — you just must act by December 31
1. Pay your 2017 property tax bill that’s due in early 2018.
2. Make your January 1 mortgage payment.
3. Incur deductible medical expenses (if your deductible medical expenses for the year already exceed the...
With kids back in school, it’s a good time for parents (and grandparents) to think about college funding. One option, which can be especially beneficial if the children in question still have many years until they’ll be starting their higher education, is a Section 529 plan. Tax-deferred compounding 529 plans are generally state-sponsored, and the savings-plan option offers the...