You’ve got money in the bank and you want to invest it. What to do? Dan Stiebel of Coldwell Banker Commercial says the appeal of owning a physical asset such as property can’t be discounted. “It’s a little more work than buying a stock with a dividend,"...
Recent legislation from the State of Michigan could result in significant federal tax savings for the owners of flow-through entities that are otherwise limited in their ability to claim itemized deductions for state and local taxes (SALT). After announcing a new tax, the first thing that...
Credit unions are continuing to thrive as the COVID-19 pandemic grinds on, with Traverse City area credit unions showing among the highest growth rates in the state. But while local credit union executives say they expect continued growth this year, spiraling inflation has them worried that...
As a business owner, processing payroll and expenses can be challenging. Add determining when and how to finance things like expansion and major purchases, and follow that up with the yearly changes in tax laws, and it’s clear that unless you’re an expert or have...
The rich aren’t so different from the rest of us. They’re just more obsessed with privacy and time management. That’s the picture local business owners paint of their wealthy customers and clients, who are largely business owners, professionals and retirees. Very few are trust fund babies...
Northern Michigan Angels (NMA) is driving Traverse City’s evolution as an epicenter for technology, innovation and entrepreneurship. The angel investing group formed in 2012, with the mission of helping to “grow the economic base of the northern Michigan region through investment in scalable early stage companies,...
Is blockchain poised to change the world of banking and finance? According to most industry experts, the answer is yes – but with a caveat. In all likelihood, blockchain technology will eventually bring huge changes to the banking industry. How long it takes to reach that...
It was no April Fool's prank when customers of the First Financial Bank (FFB) found their bank gone on April 1.First National Bank of America (FNBA) purchased FFB, closing the Traverse City office on March 31 and re-opening the branch the next day as an...
TRAVERSE CITY - Shares in private jets, you've heard of. But fractional ownership in helicopters? The quiet contender is gaining altitude in professional circles. According to Kevin Nelson, founder and president of Nelson AerodynamiX, there's good reason for that.While owning a private jet might prove...
REGION - Skilled Manufacturing received $7.8 million in federally guaranteed loans last year. The money enabled the Traverse City company - a tier 1 automotive supply company that had diversified into aerospace less than two years before - to buy more equipment, hire 75 more...
