The CPA Group ClientLine Newsletter

The CPA Group, P.C.

4267 Canal Avenue SW

Grandville, MI 49418

Phone: 616-538-0460

April 2025

Misconceptions Holding Young Women Back

Despite inroads working women have made in recent years, according to the American Association of University Women (AAUW), on average, they still earn 16% less than men — 84 cents for every $1 a male counterpart earns. The gap is wider for working mothers.

Succession Planning

Don’t fail to plan for what will happen to your business when you retire. Perhaps your partner wants to buy you out or you want to leave the business to heirs. If you’re planning to sell your business to outside investors, you’ll need to complete a valuation.

What To Know About 401(k)s

One of the common retirement plans offered by employers is a 401(k) plan. These plans make saving for retirement convenient. But make sure you understand the basics so you can capitalize on plan options and determine how your 401(k) fits into your overall retirement strategy.

April 2025 Client Profile

The Roberts family hired a live-in au pair to help care for their children while the parents work. One of their co-workers mentioned something about a "Nanny Tax," and the Roberts aren't sure if it applies to their situation.

Diversify Your Investments

Mutual funds and exchange-traded funds (ETFs) are both baskets of individual securities that offer a variety of asset classes and niche markets that can help investors diversify their portfolios. There are differences between them, however, that could make one option preferable for a particular investor.

Professional Financial Designations

When choosing your financial team it is important to understand the differences between various professional designations.

Balance Transfers and Your Credit Score

Here are some tips for consolidating credit card debt that will potentially boost your score.

April 2025 Q and A

Let's talk about using the standard mileage and actual expense method for an automobile deduction.

Is Your Hobby a Business or Is Your Business a Hobby?

Everyone has hobbies and sometimes those hobbies provide some income. But when does your hobby become a business? Getting the right classification determines how this income is taxed.

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