Zerbo Consulting Group, PC

07/15/2025

When planning your estate, start early and update often. It’s crucial to have a plan that grows with you because financial landscapes shift, tax laws change and life circumstances evolve. Here are 5 quick tips. 1) Structure assets to minimize taxes and maximize wealth transfers. 2) Consider trusts to protect assets, control distributions and avoid probate. 3) Ensure accounts (bank, retirement, insurance) have up-to-date beneficiaries. 4) Use annual gift tax exclusions to reduce your taxable estate. 5) Update documents when life changes occur. Contact us at (248) 960-0278 for assistance.

07/14/2025

Don’t let inherited retirement account rules catch you off guard! Most nonspouse beneficiaries must fully withdraw inherited IRA or 401(k) funds within 10 years if the original owner died after 2019. Depending on the situation, you may not have the option to wait and take a lump-sum distribution at the 10-year mark but instead be required to take annual required minimum distributions (RMDs). Not taking an RMD can trigger a penalty equal to 25% of the missed RMD. Could you be affected? Let’s review your circumstances together. Call us at (248) 960-0278.

07/11/2025

Two commonly misunderstood tax terms are deductions and credits. What’s the difference? Deductions reduce the amount of a taxpayer’s income before tax is calculated. For example, on your individual return, you can take the standard deduction or itemize deductions depending on which strategy will most reduce your taxable income. Credits, on the other hand, reduce the actual tax due, dollar-for-dollar, generally making them more valuable than deductions. Certain credits, such as the Child Tax Credit, are partially or fully refundable. This means that if a taxpayer’s bill is less than the amount of the credit, he or she may receive the difference as a refund. Contact us at (248) 960-0278 with your tax questions.

07/09/2025

Taxes don’t have to be stressful! Whether you're an employee, independent contractor, business owner or retiree, our tax services are designed to minimize your tax liability, maximize your refund and keep you compliant with current tax laws. Contact us at (248) 960-0278 for professional support tailored to your unique situation.

07/08/2025

As a business owner, you’ve likely experienced moments when a big decision lay solely on your shoulders. But here’s the thing: You don’t have to go it alone. We can help you identify your business’s biggest challenges and find solutions for them. Call us today at (248) 960-0278 to schedule a consultation.

07/07/2025

Static budgets can quickly fall out of sync with reality in today’s volatile markets. Rolling forecasts offer a smarter, more flexible approach, updating your projections throughout the year to reflect real-time changes in your business, industry and market. They complement your annual budget and help you make better decisions, faster. Want to improve your forecasting and budgeting? Let’s talk. Call us at (248) 960-0278.

07/04/2025

The IRS is warning of an increase in scams targeting older adults. These scams are designed to deceive or scare vulnerable individuals into paying fake penalties, ransoms or revealing personal information. Tactics range from bogus prize notifications to impersonating IRS agents, police or other government officials. Scammers typically make contact via phone, text or email, often with a false sense of urgency. As part of the World Elder Abuse Awareness Day, the IRS recently expanded its efforts to help seniors identify red flags and avoid becoming victims. Contact us at (248) 960-0278 if you’re unsure if a message is legitimate. To learn more about these threats and how to protect yourself or a loved one, visit the IRS here: https://bit.ly/3Xrj66J

07/02/2025

Running a business is complex. We can make it simpler. Our team offers full-service accounting, bookkeeping, tax and advisory services tailored to your business goals. Whether you're launching a startup or scaling an established company, we can help you plan strategically. Contact us at (248) 960-0278 to learn how we can be a partner in your success and provide you financial peace of mind.

07/01/2025

Worried about taxes during retirement? Roth IRAs offer tax-free retirement income. But there’s a current tax cost to this future benefit: Contributions aren’t deductible. Also, the annual contribution limits are relatively modest, and your maximum contribution might be reduced or eliminated based on your income. Nevertheless, the Roth IRA’s tax-free growth potential can be a powerful wealth-building tool. And annual Roth IRA contributions aren’t the only way to take advantage of this potential. Call us at (248) 960-0278 to discuss how a Roth account might fit into your strategy.

06/30/2025

Mergers and acquisitions are often rife with pitfalls that can undermine a buyer’s return on investment or strategic goals. The best way to avoid getting tripped up is thorough due diligence that includes a comprehensive business valuation. It can identify much more than just whether the deal price accurately reflects the company’s value. Contact us at (248) 960-0278 with your M&A questions.

06/27/2025

Want to pay less in taxes and grow your savings? Tax-advantaged accounts like IRAs, HSAs, and 529 plans make it possible. Learn how to use them to your advantage! https://bit.ly/4jYBH2h

📞:(248) 960-0278

Tax-advantaged accounts are powerful tools for growing your savings while reducing your tax burden. These accounts are designed to encourage saving for specific purposes, such as retirement, healthcare, or education, by offering tax benefits. Understanding how these accounts work and choosing the ri...

06/25/2025

Ready to take control of your money? Start with a realistic budget and implement these simple tips to help you spend smarter, save more, and hit your financial goals. https://bit.ly/43p0LIO

📞:(248) 960-0278

Creating a realistic budget is one of the most effective ways to take control of your finances. Whether you're saving for a major purchase, paying off debt, or building an emergency fund, a well-thought-out budget helps you make informed financial decisions. Here are five practical tips to help you....