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Frequently Asked Questions

Find quick answers to common questions about taxes, payroll, bookkeeping, and business formation. At Dynamite Tax & Financial Service, we make finances simple and stress-free.

What services does Dynamite Tax & Financial Service in Southfield, MI provide?

We specialize in individual tax preparation, business tax preparation, bookkeeping, payroll services, tax planning, and business formation. Our goal is to help individual and business owners stay compliant, maximize refunds, and reduce tax liability.

Do I need to schedule a tax appointment or can I walk in?

We recommend scheduling an appointment to ensure personalized service. However, our Southfield office does accept walk-ins during regular tax season hours. Virtual appointments are also available for clients across Michigan and nationwide.

What documents should I bring for tax preparation in Michigan?

Bring a valid photo ID, Social Security card (or ITIN), last year’s tax return, W-2s, 1099s, income records, receipts for deductions, and business records (if applicable). This ensures your return is accurate and complete. We also send a checklist before your appointment for your convenience.

When is the deadline to file taxes in Michigan?

The federal tax deadline is usually April 15. Filing early helps avoid delays, secure faster refunds, and resolve any issues with the IRS. Dynamite Tax & Financial Service also assists with tax extensions if needed.

Can you help if I owe back taxes to the IRS?

Yes. We help individuals and businesses in Southfield and beyond with back taxes, tax debt relief, IRS letters, and payment plan negotiations. Our IRS representation ensures you don’t face tax problems alone.

Do you offer virtual tax preparation services?

Yes, we provide secure virtual tax filing services for individuals and businesses. Clients can upload their documents online, and we’ll prepare and e-file taxes without the need to visit our Southfield office.

Can you help me start a business in Michigan?

Absolutely. We guide entrepreneurs through LLC formation, corporation setup, EIN registration, operating agreements, and tax registrations. Our business startup services ensure you’re compliant from day one.

Do you provide bookkeeping and payroll services near Southfield, MI?

Yes, we offer reliable bookkeeping, payroll processing, and financial reporting for small businesses in Southfield and throughout Michigan. Our services save you time and help you focus on growth.

How do you help with business compliance?

We help keep your business compliant with state and federal tax laws, annual filings, payroll tax requirements, and financial reporting. Our goal is to prevent costly penalties and keep your business running smoothly.

How much does tax preparation cost in Michigan?

Our tax preparation fees vary based on complexity (individual, small business, or corporate returns). We provide upfront pricing with no hidden fees so you know exactly what to expect.

Do you offer payment plans for tax and accounting services?

Yes, we offer flexible payment options to make our services affordable for individuals and small business owners.

Where is Dynamite Tax & Financial Service located?

Our office is conveniently located at 21751 W Eleven Mile Road, STE 115, Southfield, MI 48076, near major highways for easy access.

What areas do you serve?

We proudly serve Southfield, Detroit, Royal Oak, Farmington Hills, Troy, Novi, and surrounding Michigan communities, plus nationwide clients through our secure virtual tax services.

What are your office hours?

We’re open Monday–Friday, 9:00 AM – 5:00 PM. During tax season, we offer extended hours and Saturday appointments by request.

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How Small Businesses in Michigan Can Reach Break-Even Faster

Business

September 20, 2025•2 min read

Every small business owner in Michigan wants to know one crucial number: your break-even point. This is the point where your sales cover all your costs—meaning you’re no longer losing money and every sale beyond that becomes profit.

Whether you’re running a consulting firm in Detroit, a retail shop in Grand Rapids, or a family-owned service business in Lansing, understanding your break-even point can help you plan smarter, grow faster, and stay competitive in today’s market.

A Simple Break-Even Example for Service Businesses

Let’s break it down:

Fixed Costs (rent, software, insurance): $4,000 per month
Price Per Session: $200
Variable Costs (materials, travel, admin support): $50 per session

Formula:

Break-Even Point = Fixed Costs ÷ (Sales Price – Variable Costs)

4,000 ÷ (200 – 50) = 26.6 sessions

That means you need to deliver 27 sessions per month to break even. Every session after that? Pure profit.

Why Knowing Your Break-Even Point Matters

When you calculate your break-even point, you gain:

✅ Confident Pricing – Know your numbers and charge rates that truly cover costs.
✅ Realistic Sales Goals – Set targets that align with your actual expenses.
✅ Growth Clarity – Decide when it’s time to expand, hire employees, or invest in new tools.

For Michigan entrepreneurs, this insight can mean the difference between struggling to stay afloat and confidently scaling your business.

Partner with a Local Expert for Break-Even Success

Here’s the truth: break-even numbers are only as good as the bookkeeping and tax records behind them. That’s why so many business owners in Michigan turn to Dynamite Tax & Financial Service.

As your trusted Michigan Accountant, Michigan Tax Preparer, and provider of Michigan CFO Services, we help small businesses: