Harley M. Sherman, CPA

Harley M. Sherman, CPA A CPA firm, specializing in individual and small business taxation and business issues. We take time to listen to our clients to minimize taxes and risk.

Specializing in income tax preparation and planning for individuals, families and small businesses. We are successful in recovering money from the IRS, work with our clients on Tax Planning to reduce income taxes. We also ensure prior years' Tax returns were prepared correctly. Harley has over 20 years of experience in personal income tax, home-based budgeting, small business start-up activities,

accounting and income tax issues. He has been responsible for servicing clients in the medical, food service, real estate, governmental, and construction industries. He has an extensive background in accounting and auditing of Federally and privately funded construction projects and has attested on over $3 billion of construction projects, including Davis-Bacon Act and Disadvantaged Business Enterprise requirements.

Free Webinar for Airbnb HostsAre You Maximizing Your Short-Term Rental Deductions?Many rental owners miss valuable deduc...
06/17/2026

Free Webinar for Airbnb Hosts

Are You Maximizing Your Short-Term Rental Deductions?

Many rental owners miss valuable deductions simply because they don't know what to track throughout the year.

Join Harley Sherman, CPA to learn:
• Common rental deductions
• Recordkeeping best practices
• Tax reporting requirements

Available Sessions:

📅 August 25, 2026 — 1:00 PM

📅 August 27, 2026 — 7:00 PM

🎟️ Watch out for the reservation link!

06/17/2026

🎙️ Smart Money Podcast — Episode 20 Is Now HERE!

A brand-new episode of the Smart Money Podcast by Harley Sherman, CPA is here. Tune in for more practical tax insights, financial guidance, and strategies to help you make smarter financial decisions.

▶️ Watch now and stay connected for future episodes and financial tips.

What Strong Bookkeeping Can Do for Your BusinessBookkeeping is more than recording transactions. Accurate books support ...
06/16/2026

What Strong Bookkeeping Can Do for Your Business

Bookkeeping is more than recording transactions. Accurate books support decision-making, tax planning, and long-term growth.

Strong Bookkeeping Helps You:
• Monitor profitability accurately
• Improve cash flow visibility
• Prepare for tax season efficiently
• Make better business decisions

📚 Better books lead to better business insights.

What Financial Documents Should You Keep?Proper documentation is one of the foundations of good financial management. Ke...
06/16/2026

What Financial Documents Should You Keep?

Proper documentation is one of the foundations of good financial management. Keeping organized records helps support tax filings, financial reporting, and future business decisions.

Important Documents to Retain:
✅ Income records and invoices - Document revenue sources and customer payments.
✅ Expense receipts and bills - Support deductions and verify business purchases.
✅ Bank and credit card statements - Provide transaction history and reconciliation support.
✅ Tax returns and supporting schedules - Maintain historical records for future reference.

Why This Matters:
⭐ Supports compliance requirements - Proper records help validate reported information.
⭐ Improves financial accuracy - Reliable documents reduce reporting errors.
⭐ Simplifies tax preparation - Everything is easier to locate when needed.
⭐ Reduces audit stress - Documentation supports reported deductions and income.

📁 Organized records create stronger financial systems.

IRS Offer in Compromise Program – Did You Know?People who cannot pay their tax bills in full may have options to resolve...
06/15/2026

IRS Offer in Compromise Program – Did You Know?

People who cannot pay their tax bills in full may have options to resolve the situation. One of these options is the Offer in Compromise (OIC) program, which allows eligible taxpayers to settle their debts with the IRS for less than the full amount owed.

Anyone considering an OIC should first check whether they qualify using the IRS Pre-Qualifier tool online (link below). Eligible taxpayers may then submit an application. In most cases, the application must be accompanied by a $205 fee and an initial payment toward the tax debt, although these requirements may be waived for lower-income applicants.

An OIC application requires detailed financial information and must be carefully prepared. Beware of aggressive ads promising to settle tax debts quickly for a small fraction of the amount owed. Companies behind these ads, often referred to as OIC mills, may charge substantial fees while submitting applications for people who have little chance of qualifying. A trusted tax professional can help ensure that an OIC application is complete, accurate, and has a reasonable chance of acceptance.

OIC Pre-Qualifier Online Tool: https://irs.treasury.gov/oic_pre_qualifier/

🚨 Last Chance to Help Us Choose the Webinar Time!We're finalizing the schedule for our upcoming FREE Short-Term Rental W...
06/12/2026

🚨 Last Chance to Help Us Choose the Webinar Time!

We're finalizing the schedule for our upcoming FREE Short-Term Rental Webinar with Harley Sherman, CPA, and need your feedback before we open registration.

This webinar will cover tax deductions, recordkeeping, compliance requirements, and profitability strategies for Airbnb hosts, vacation rental owners, and real estate investors.

⏰ Which time works best for you?

🔹 Comment "1 PM" for an afternoon session

🔹 Comment "7 PM" for an evening session

We're making the final decision soon, and your vote could help determine the webinar time.

👇 Cast your vote in the comments now!

06/10/2026

Smart Money Podcast — Episode 19 Is Now HERE! 🎧

A new episode of the Smart Money Podcast by Harley Sherman, CPA is here. Tune in for practical tax insights, financial strategies, and business tips to help you stay informed and make smarter financial decisions.

▶️ Watch now and follow for more Smart Money updates.

Financial Growth Starts with Better VisibilityBusiness owners cannot improve what they cannot see. Financial visibility ...
06/09/2026

Financial Growth Starts with Better Visibility

Business owners cannot improve what they cannot see. Financial visibility allows you to identify opportunities, monitor performance, and make informed decisions with greater confidence.

What Visibility Helps You Understand:
⭐ Revenue performance trends - Measure growth and identify seasonal patterns.
⭐ Profitability by period - Evaluate whether the business is generating sustainable returns.
⭐ Cash flow movement - Understand how money enters and leaves the business.
⭐ Expense behavior - Track where resources are being allocated.

📈 Better visibility leads to better business decisions.

Friendly Tax Reminder 📅Don’t Forget — 2nd Quarter Estimated Tax Payments Are Due June 15A quick reminder that second-qua...
06/09/2026

Friendly Tax Reminder 📅

Don’t Forget — 2nd Quarter Estimated Tax Payments Are Due June 15

A quick reminder that second-quarter estimated tax payments are due on June 15, 2026. Making timely payments can help avoid penalties, interest charges, and unexpected tax balances later in the year.

This deadline may apply to:
☑️ Individuals and Sole Proprietors - Second installment of 2026 federal estimated taxes.
☑️ Partners and S Corporation Shareholders - Estimated tax payments on pass-through income.
☑️ C Corporations - Second installment of federal estimated income tax payments.
☑️ Trusts and Estates - Certain entities may have quarterly estimated tax requirements.
☑️ Tax-Exempt Organizations - Organizations with unrelated business taxable income may need to make estimated payments.
☑️ State Estimated Taxes - Many states also require quarterly estimated tax payments, including PTE-E taxes where applicable.

Planning ahead helps keep your tax obligations manageable throughout the year.

📞 Not sure if you need to make an estimated payment? Contact our office before the June 15 deadline.

Why Reviewing Expenses Monthly Can Save Your Business MoneyMany business expenses start small and go unnoticed until the...
06/08/2026

Why Reviewing Expenses Monthly Can Save Your Business Money

Many business expenses start small and go unnoticed until they significantly impact profitability. Reviewing expenses monthly helps identify trends, unnecessary spending, and opportunities to improve efficiency.

Benefits of Monthly Reviews:
• Identify recurring charges quickly - Spot subscriptions or services no longer providing value.
• Monitor spending trends consistently - Track increases before they affect profitability.
• Improve budgeting accuracy - Use actual spending data to make informed adjustments.
• Strengthen cash flow management - Understand where money is going each month.

📊 Small reviews today can prevent bigger problems tomorrow.

Address

20820 Greenfield Road, Suite 310
Oak Park, MI
48237

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 3pm

Telephone

+15862860915

Website

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