Diplomat Advisors

Diplomat Advisors Tax Preparation, IRS Representation, Business Management, Legal Services We are a full-service Accounting firm licensed in MI.

We offer a broad range of services for business owners, executives, and independent professionals. We are affordable, experienced, and friendly.

03/27/2026

Not sure what to do if you’re missing your Form W-2? The has guidance on steps to take if you haven’t received your forms or if the information provided is incorrect. Remember, you must file your tax return on time, even if you’re missing your W-2.

Check out https://ow.ly/ePjP50YzINj for more information.

03/27/2026

Big news 🚨 The employer tax credit for paid family and medical leave is now permanent and more flexible, thanks to President Trump! Find out how your business can benefit ⬇️

03/27/2026

Whether you run a small business or manage a large organization, don’t let paperwork slow you down! The IRS requires electronic filing for anyone submitting 10 or more information returns, but online filing is an efficient way to fulfill your wage reporting requirement. With Social Security’s Business Services Online, you can file W-2s quickly, securely, and for free – no special software needed.
Get instant confirmation, reduce errors, and track your submissions in real time.
Learn more: https://ow.ly/z5wt50Yynrl

Pass-through entities generally don’t owe federal income tax at the entity level, but they still must file federal incom...
01/29/2026

Pass-through entities generally don’t owe federal income tax at the entity level, but they still must file federal income tax returns. These entities include partnerships, limited liability companies treated as partnerships for tax purposes and S corporations. If your pass-through entity uses the calendar year for tax purposes, as most do, the filing deadline for the 2025 tax year is March 16, 2026 (because March 15 is on a Sunday). The deadline can be extended to Sept. 15, 2026, by filing for an extension by March 16. If you do that, you (and any other owners) will also likely also need to file an extension to Oct. 15, 2026, for your individual return. Call us at (833) 398-4242 to get things rolling.

The IRS considers a paper return that’s due April 15 to be timely filed if it’s postmarked by midnight. Sounds straightf...
01/28/2026

The IRS considers a paper return that’s due April 15 to be timely filed if it’s postmarked by midnight. Sounds straightforward, but let’s say you mail your return with a payment on April 15, and the envelope gets lost. You don’t figure this out and refile until a couple of months later. Despite your efforts to timely file and pay, you can still be hit with both failure-to-file and failure-to-pay penalties. One way to minimize this risk is to use certified or registered mail or an IRS-approved private delivery service. A better way is to work with a tax professional who’ll e-file your return and help ensure you claim every break you’re entitled to while staying compliant with tax law. Contact us at (833) 398-4242 to start your 2025 return.

Every year, many taxpayers experience damage to their homes or personal property from storms, floods, wildfires or other...
01/27/2026

Every year, many taxpayers experience damage to their homes or personal property from storms, floods, wildfires or other disasters. For 2025 income tax returns due April 15, 2026, personal casualty loss deductions are generally limited to those due to federally declared disasters. But, effective for losses occurring on or after Jan. 1, 2026, eligible disasters also include certain state-declared disasters. Even when the cause of a loss qualifies you for the deduction, additional limits apply. For example, your deduction is reduced by insurance proceeds received, a 10% of adjusted gross income floor applies, and you must itemize deductions. Contact us at (833) 398-4242 for help determining if you’re eligible.

Bookkeeping software helps small businesses track income, reconcile accounts and generate reports. But technology can’t ...
01/26/2026

Bookkeeping software helps small businesses track income, reconcile accounts and generate reports. But technology can’t replace professional judgment or real-world experience. An outside bookkeeping or accounting professional adds context and clarity to your company’s financial data. We can help you interpret results, stay compliant with changing tax laws, manage cash flow and make smarter business decisions. Contact us at (833) 398-4242 to turn your financial data into a strategic plan that drives growth.

With 2025 in the rear view mirror and the tax filing deadline on the road ahead, it’s a good time for businesses to star...
01/22/2026

With 2025 in the rear view mirror and the tax filing deadline on the road ahead, it’s a good time for businesses to start gathering information about their deductible expenses for 2025. But what’s deductible (and what’s not) might not be as clear-cut as you think. Most business deductions aren’t specifically listed in the Internal Revenue Code (IRC). The general rule is what’s stated in the first sentence of IRC Section 162, that you can write off “all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business.” In addition, you must be able to substantiate the expenses. We can help you determine what you can deduct on your 2025 tax return. Contact us at (833) 398-4242.

Have you considered an employee stock ownership plan (ESOP) for your business? An ESOP is a form of qualified retirement...
01/21/2026

Have you considered an employee stock ownership plan (ESOP) for your business? An ESOP is a form of qualified retirement plan. More specifically, it’s a profit-sharing plan that allows employees to own shares of their employer’s company and cash in those shares when they retire or otherwise leave their jobs. Many small to midsize businesses have implemented ESOPs because of their exciting advantages. But ESOPs do present some hurdles to clear. Please contact us at (833) 398-4242 to learn more about whether an ESOP might be right for you.

There are many personal rewards for taking care of an elderly relative. You could also be eligible for tax breaks. For e...
01/20/2026

There are many personal rewards for taking care of an elderly relative. You could also be eligible for tax breaks. For example, if the person qualifies as your dependent and you itemize deductions on your return, you can include any medical expenses you incur for him or her along with your own when determining your medical deduction. If you aren’t married, you may qualify for head-of-household status, which has a higher standard deduction and in come cases lower tax rates than single filer status. You may also qualify for the Credit for Other Dependents or the dependent care credit for costs you incur for the individual’s care to enable you (and your spouse, if applicable) to go to work. Contact us at (833) 398-4242 with questions.

For small business owners, investing in new equipment, expanding facilities or launching a new product can be a big deci...
01/19/2026

For small business owners, investing in new equipment, expanding facilities or launching a new product can be a big decision. With limited funds, it’s essential to pinpoint the opportunities that deliver the most value. Financial models like accounting payback, net present value and internal rate of return offer a disciplined, data-driven approach to evaluating your options. We can help you apply these models to make confident, informed capital-budgeting decisions that fuel long-term success. Call us at (833) 398-4242 to get started.

Address

23131 Michigan Avenue
Dearborn, MI
48124

Opening Hours

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

Telephone

+13136874321

Website

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