Stokes Tax & Accounting Services

Stokes Tax & Accounting Services Stokes Tax & Accounting is dedicated to your personal and business finances, providing quality personalized guidance around to all 50 states.

Stokes Tax & Accounting prides itself on the assortment of clients located throughout the entire United States, and the guaranteed excellent service provided to each and every one. We strive to meet each need and overcome each challenge presented to us by our clients, excelling and usually exceeding expectations. Whether you need guidance during the busy tax season, or want some financial advice w

hen things are going well, Stokes is available to optimize financial opportunities, and well versed in the laws and technicalities of the industry; with the company dating back to 1975, we have nearly forty years under our belt, experience which benefits you, whether your business or personal expenditures are small or large, same goes for your personnel. Our general accounting practices vary across the industry, a few of the services we offer are including but not limited to: general ledges and preparation of financial statements, bookkeeping, accounting system setup/support, payroll processing, cash flow budgeting and forecasting, personal financial statements, employee benefit plans, profit-sharing plans, corporate tax planning/return preparation, and litigation support. Stokes Tax & Accounting guarantees quality service, with outstanding, accurate results, with superb customer service unparalleled in the area’s industry. In addition to general accounting practices, Stokes also offers assurance and advisory services, available at your disposal: audits, reviews, compilations, entity selection and restructuring, accounting software selection, implementation, and support, business valuations, financial projections and forecasts, debt and finances advising, mergers and acquisitions, transaction structuring and negotiations, and business succession plans. With nearly four decades of practice in the accounting industry, Stokes Tax & Accounting not only serves the Davison and Clio areas, but also corporations and individuals scattered throughout the country. The service is unparalleled, and the quality is exceptional.

Are rental real estate activities eligible for the qualified business income (QBI) deduction? The answer is a distinct “...
06/05/2026

Are rental real estate activities eligible for the qualified business income (QBI) deduction? The answer is a distinct “maybe.” This tax break allows eligible sole proprietors and owners of “pass-through” entities to deduct up to 20% of QBI. Pass-through entities include partnerships, S corporations and most limited liability companies. However, income from a rental real estate activity is QBI only if the activity rises to the level of a trade or business or meets an IRS safe harbor, which generally requires separate records, sufficient rental services and specific documentation. Various limits and other restrictions also apply. Call us at (810) 653-3990 to learn more.

How does an LLC protect my personal assets? An LLC creates a legal separation between you and your business. If the busi...
06/04/2026

How does an LLC protect my personal assets? An LLC creates a legal separation between you and your business. If the business is sued or incurs debt, creditors generally cannot pursue your personal assets, provided you maintain proper business practices.

What is the biggest benefit of forming an LLC? One of the primary benefits is personal liability protection. In most cas...
06/03/2026

What is the biggest benefit of forming an LLC? One of the primary benefits is personal liability protection. In most cases, your personal assets—such as your home, savings, and personal property—are protected from business debts and lawsuits.

Now is the perfect time to tidy up your QuickBooks files. Unreconciled accounts, uncategorized transactions and outdated...
06/03/2026

Now is the perfect time to tidy up your QuickBooks files. Unreconciled accounts, uncategorized transactions and outdated records can distort your cash flow and profitability. Even with QuickBooks’ automation tools and AI-enabled features, consistent review and oversight are essential. Don’t forget your chart of accounts! An outdated or cluttered chart can muddy your results, making it harder to understand your true performance. Clean books support better financial decisions and smoother tax filings. Call us at (810) 653-3990 to help get your bookkeeping in top shape.

If you rent out your primary residence or vacation home for no more than 14 days, you don’t have to report the income. (...
06/02/2026

If you rent out your primary residence or vacation home for no more than 14 days, you don’t have to report the income. (But you can’t deduct related expenses, such as advertising and cleaning.) If you rent it out for more than 14 days, the income is taxable. And you may be able to deduct expenses such as utilities, repairs, insurance and depreciation. Exactly what you can deduct depends on personal vs. rental use. The rules are complex, but tax savings opportunities are available. Call us at (810) 653-3990 to learn more.

Tax deductions and tax credits may be the best part of preparing your tax return. Both reduce your tax bill, but in very...
06/02/2026

Tax deductions and tax credits may be the best part of preparing your tax return. Both reduce your tax bill, but in very different ways. Knowing the difference can create some very effective tax strategies that reduce your tax bill.

Self-employed. Remember to pay your Social Security and Medicare taxes in addition to your income taxes. Creating and fu...
06/01/2026

Self-employed. Remember to pay your Social Security and Medicare taxes in addition to your income taxes. Creating and funding a savings account for this purpose can help avoid the cash flow hit each quarter when you pay your estimated taxes.

Business owners: If you’re only reaching out at tax time, you may be missing some valuable insights. Why stop at tax fil...
06/01/2026

Business owners: If you’re only reaching out at tax time, you may be missing some valuable insights. Why stop at tax filings? Let us help you make smarter business decisions year-round — from improving cash flow to navigating economic uncertainty to planning for growth. Please call us at (810) 653-3990 to learn more about how we can support your strategic goals.

05/29/2026

Fast Fact: Equity denotes the value left over after liabilities have been removed. Recall the equation Assets = Liabilities + Equity. If you take your Assets and subtract your Liabilities, you are left with Equity, which is the portion of the company that is owned by the investors and owners.

Does your business provide complimentary on-site food and beverages for employees? The rules for deducting certain busin...
05/29/2026

Does your business provide complimentary on-site food and beverages for employees? The rules for deducting certain business meals have changed. Beginning in 2026, employers generally can’t deduct 1) meals treated as de minimis fringe benefits, or 2) employer-provided meals that are excludable from an employee’s income and provided for the employer’s convenience on business premises. For the 2025 tax year, generally the former were 100% deductible and the latter were 50% deductible. Contact us at (810) 653-3990 to discuss whether this change will affect your company and how to plan accordingly.

Address

8347 Davison Road
Davison, MI
48423

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 9am - 12pm

Telephone

(810) 653-3990

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