Harley M. Sherman, CPA

Harley M. Sherman, CPA A CPA firm, specializing in individual and small business taxation and business issues. We take time to listen to our clients to minimize taxes and risk.

Specializing in income tax preparation and planning for individuals, families and small businesses. We are successful in recovering money from the IRS, work with our clients on Tax Planning to reduce income taxes. We also ensure prior years' Tax returns were prepared correctly. Harley has over 20 years of experience in personal income tax, home-based budgeting, small business start-up activities,

accounting and income tax issues. He has been responsible for servicing clients in the medical, food service, real estate, governmental, and construction industries. He has an extensive background in accounting and auditing of Federally and privately funded construction projects and has attested on over $3 billion of construction projects, including Davis-Bacon Act and Disadvantaged Business Enterprise requirements.

Why Accurate Financial Data Matters for Decision-MakingBusiness decisions are only as strong as the information behind t...
05/29/2026

Why Accurate Financial Data Matters for Decision-Making

Business decisions are only as strong as the information behind them. Accurate financial data helps business owners make clearer, faster, and more confident decisions.

What Accurate Data Supports:
✅ Better budgeting decisions - Spending plans becomes more realistic and strategic.
✅ Improved profitability analysis - Understand what areas drive the strongest returns.
✅ Stronger forecasting ability - Prepare for future growth opportunities more confidently.
✅ More reliable reporting - Reduce errors and inconsistencies across records.

How to Improve Financial Accuracy:
🔥 Update bookkeeping consistently - Avoid falling behind on transactions.
🔥 Reconcile accounts monthly - Verify balances and identify discrepancies.
🔥 Maintain organized documentation - Support cleaner reporting and compliance.
🔥 Review reports regularly - Catch issues before they escalate.

Clear data creates stronger business decisions.

📈 Ready for better financial clarity? Let’s improve your reporting systems.

Good Financial Habits Strengthen Business GrowthStrong businesses are often built on consistent financial habits that im...
05/29/2026

Good Financial Habits Strengthen Business Growth

Strong businesses are often built on consistent financial habits that improve organization, clarity, and long-term decision-making.

Habits That Support Growth:
✅ Reviewing finances consistently - Stay aware of performance and trends regularly.
✅ Maintaining organized records - Accessible documentation improves efficiency and reporting accuracy.
✅ Tracking expenses carefully - Monitor spending behavior and reduce unnecessary costs.
✅ Communicating with your CPA regularly - Ongoing guidance improves planning and strategy.

Why Habits Matter:
⭐ Better financial awareness - You understand your business more clearly.
⭐ Improved operational control - Stronger systems reduce confusion.
⭐ Faster problem-solving - Issues are identified earlier.
⭐ Stronger long-term stability - Consistency supports sustainable growth.

Financial success is built through consistency.

🚀 Let’s strengthen your financial habits and systems together.

National 529 Day – Did You Know?If you put money into a 529 education savings plan, earnings may be withdrawn federal in...
05/29/2026

National 529 Day – Did You Know?

If you put money into a 529 education savings plan, earnings may be withdrawn federal income tax-free when used for qualified education expenses. Qualified expenses can include tuition, fees, books, supplies, computers, and for students enrolled at least half-time, certain room and board costs.

While 529 contributions are not deductible for federal income tax purposes, many states offer a full or partial state income tax deduction or credit for contributions. Some states and plan sponsors may also offer special incentives around National 529 Day.

Recent law changes expanded the use of 529 plans. In 2026, up to $20,000 per year, per student, may be used for qualified K–12 education expenses at public, private, or religious schools. Prior years were generally limited to $10,000 annually.

Should Small Businesses Have a Tax Strategy?Many business owners only think about taxes during filing season, but proact...
05/28/2026

Should Small Businesses Have a Tax Strategy?

Many business owners only think about taxes during filing season, but proactive tax strategies often create better financial outcomes and stronger long-term planning opportunities.

What a Tax Strategy Can Help With:
➡️ Managing estimated tax payments - Avoid underpayment surprises and penalties.
➡️ Identifying deduction opportunities - Maximize available tax-saving options legally.
➡️ Improving cash flow planning - Prepare for obligations throughout the year.
➡️ Supporting long-term financial goals - Tax decisions impact overall growth strategy.

Benefits of Planning Early:
⭐ More time to implement strategies - Better flexibility throughout the year.
⭐ Reduced filing season stress - Preparation improves organization.
⭐ Better financial forecasting - Taxes become part of the plan.
⭐ Increased financial confidence - Operate proactively instead of reactively.

Tax planning is part of smart business planning.

📅 Let’s build a smarter tax strategy for your business.

Why Consistent Financial Reviews Improve Business StabilityFinancial reviews are not just for year-end reporting. Consis...
05/28/2026

Why Consistent Financial Reviews Improve Business Stability

Financial reviews are not just for year-end reporting. Consistently reviewing your numbers helps identify opportunities, reduce risk, and improve overall business performance throughout the year.

What Regular Reviews Help You Monitor:
✅ Revenue consistency and trends - Understand how business performance changes month to month.
✅ Expense management opportunities - Identify unnecessary or rising operational costs.
✅ Profitability performance - Measure whether the business remains financially healthy.
✅ Tax preparation readiness - Avoid scrambling when deadlines approach.

How This Supports Stability:
💯 Better operational awareness - You understand your business more clearly.
💯 Faster strategic adjustments - Small corrections can be made earlier.
💯 More confident planning decisions - Use updated financial information consistently.
💯 Reduced stress and uncertainty - Preparation improves confidence.

Financial awareness creates stronger businesses.

📊 Stay informed and proactive — schedule a financial review today.

Did You Know?Late Bookkeeping Can Affect More Than TaxesWhen bookkeeping falls behind, it impacts much more than tax fil...
05/27/2026

Did You Know?

Late Bookkeeping Can Affect More Than Taxes

When bookkeeping falls behind, it impacts much more than tax filing. Delayed records can affect business planning, reporting accuracy, and overall financial awareness.

What Delayed Bookkeeping Can Cause:
⭐ Inaccurate financial reports - Outdated information makes decision-making more difficult.
⭐ Cash flow confusion - Business owners may not know their true financial position.
⭐ Missed deductions or expenses - Important transactions can be overlooked.
⭐ Increased stress during deadlines - Everything becomes reactive instead of organized.

Benefits of Staying Updated:
✅ Better financial visibility - Know where your business stands at all times.
✅ Faster reporting preparation - Information is easier to access when needed.
✅ More accurate decision-making - Reliable numbers support stronger planning.
✅ Reduced year-end pressure - Stay prepared throughout the year.

Timely bookkeeping creates better business clarity.

📚 Let’s get your books updated and back on track.

05/27/2026

Smart Money Podcast — Episode 17 Is Here

Episode 17 of the Smart Money Podcast by Harley Sherman, CPA is now available. Tune in for more valuable financial insights, tax strategies, and practical business guidance designed to help you stay informed year-round.

▶️ Watch now and follow for more Smart Money updates.

Small Financial Improvements Can Create Big ResultsMany businesses think financial improvement requires major operationa...
05/26/2026

Small Financial Improvements Can Create Big Results

Many businesses think financial improvement requires major operational changes, but often the biggest results come from smaller, consistent improvements made over time.

Simple Improvements Worth Making:
• Updating bookkeeping more consistently - Current financial data supports more accurate decision-making.
• Reviewing expenses monthly - Small recurring costs can quietly reduce profitability over time.
• Tracking invoices more carefully - Faster collections improve overall cash flow.
• Planning for taxes year-round - Preparation reduces stress and improves strategy.

What Small Improvements Lead To:
• Better financial organization - Cleaner systems improve efficiency.
• Increased operational confidence - Business owners feel more in control.
• Reduced financial surprises - Issues are identified earlier.
• Stronger long-term growth potential - Consistency compounds over time.

What Financial Reports Should Business Owners Review Regularly?Understanding your financial reports helps you make more ...
05/26/2026

What Financial Reports Should Business Owners Review Regularly?

Understanding your financial reports helps you make more informed business decisions, improve profitability, and stay financially prepared throughout the year.

Key Reports to Review:
• Profit and Loss Statements - Track revenue, expenses, and profitability trends to understand overall business performance.
• Balance Sheets - Review assets, liabilities, and overall financial position to measure business stability.
• Cash Flow Reports - Monitor available cash and identify timing issues with expenses or receivables.
• Accounts Receivable Reports - Stay aware of unpaid invoices and improve collection processes.

Benefits of Reviewing Reports Consistently:
• Faster financial awareness - Spot concerns before they become larger issues.
• Improved business planning - Use accurate numbers to guide decisions.
• Better tax preparation - Cleaner reporting simplifies compliance.
• Stronger financial confidence - Operate with greater clarity and control.

Reports provide direction — not just numbers.

📈 Need help understanding your financial reports? Let’s review them together.

Why Reviewing Your Financial Goals Mid-Year MattersAs businesses move through the second quarter of the year, this is th...
05/25/2026

Why Reviewing Your Financial Goals Mid-Year Matters

As businesses move through the second quarter of the year, this is the ideal time to revisit financial goals and evaluate progress. Waiting until year-end often leaves little time to adjust strategies or correct financial issues.

What Mid-Year Reviews Help You Identify:
✅ Revenue trends and performance changes - Understand whether business growth is aligning with expectations and identify areas needing improvement.
✅ Expense increases or inefficiencies - Review spending patterns to reduce unnecessary operational costs before they impact profitability.
✅ Cash flow strengths and weaknesses - Evaluate whether current cash flow supports upcoming obligations and business goals.
✅ Tax planning opportunities - Early adjustments may help improve year-end tax outcomes and reduce surprises.

Why This Matters:
⭐ Better decision-making throughout the year - Use current financial data instead of waiting until deadlines approach.
⭐ More flexibility to make adjustments - Proactive planning creates stronger financial control.
⭐ Improved budgeting accuracy - Updated information supports smarter forecasting.
⭐ Reduced year-end pressure - Stay organized before busy filing seasons return.

Mid-year reviews create stronger year-end results.

📊 Let’s review your financial goals and keep your business on track.

Address

20820 Greenfield Road, Suite 310
Oak Park, MI
48237

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 3pm

Telephone

+15862860915

Website

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