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Petoskey
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Petoskey
Showing 51 to 52 of 52 CPAs in Petoskey, Michigan
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John E. Fought
Certified Public Accountant
Verified Licensed
Location Petoskey, Michigan 49770
Located in Petoskey, Michigan, John E. Fought brings over 15 years of experience as a Certified Public Accountant (CPA) to assist clients with their accounting and tax needs. He provides individual and business tax return preparation, as well as bookkeeping and financial statement compilation services to various business structures, including S-Corps, partnerships, and LLCs. Mr. Fought specializes in basic accounting services, individual tax services, and business tax services for small and medium-sized businesses, offering expertise in tax planning, compliance, and financial analysis to support informed decision-making.
CE
Charles E. Schafer
Certified Public Accountant
Verified Licensed
Location Petoskey, Michigan 49770
Based in Petoskey, Michigan, Charles E. Schafer is a seasoned accountant with over 20 years of experience providing financial guidance to various business structures, including S-Corps, partnerships, and LLCs. His practice offers a range of services, including basic accounting, small business accounting, and business tax services, catering to the needs of entrepreneurs and startups. Charles specializes in payroll processing and compliance, ensuring accurate and timely payments to employees, as well as representing clients before the IRS when necessary.

Michigan's evolving CPA market serves a state transitioning from traditional manufacturing to diversified technology and services economy. The Michigan Board of Accountancy requires 150 semester hours for licensure. CPAs must complete 80 hours of continuing professional education every two years, including 2 hours of ethics and minimum technical requirements.

Key Tax Considerations: Michigan has a flat 4.25% individual income tax and a 6% corporate income tax. CPAs commonly handle state income tax compliance, sales and use tax, personal property tax (recently reformed but still complex), and Michigan Business Tax successor provisions. The automotive industry creates specialized needs for supplier contracts, warranty reserves, and cost accounting. Cross-border issues with Ohio and Indiana are common for businesses and residents.

Industry Specializations: Automotive manufacturing and supply chain, technology and software (especially in Ann Arbor and Grand Rapids), healthcare systems, agriculture, tourism and hospitality, logistics, and emerging industries like electric vehicles and battery technology are key practice areas. CPAs often specialize in automotive cost accounting, manufacturing footprint optimization, or serving the growing tech startup community.

For CPA Professionals: The Michigan Association of CPAs serves practitioners statewide. Detroit metro offers the largest market with automotive focus, while Ann Arbor emphasizes technology and university-related services, and Grand Rapids provides regional headquarters opportunities. The state faces population challenges but offers affordable cost of living and growing opportunities in emerging industries. Economic transformation creates needs for restructuring advisory and helping traditional businesses adapt to changing markets.