Beals, Caruana & McVety, PC

09/01/2026

Building your legacy takes more than good accounting. 💼 Discover how our Wealth Management services can help guide your investments and secure your long-term financial future.

08/31/2026

•The penny may be on its way out. The Common Cents Act would stop new penny production and establish a rounding standard for cash purchases, rounding transactions to the nearest five cents when needed.
A small change that could impact businesses and consumers alike. Source:

New law aims to address how businesses and consumers should transact amid the phase-out of the penny.

08/24/2026

•Oil prices rose sharply as renewed U.S.-Iran tensions raised concerns about global energy supplies.
Brent crude increased 7.2%, while U.S. oil futures climbed 6.6%.
Changes in energy markets can impact more than fuel prices, influencing transportation costs, inflation, and the broader economy. Source:

Oil rose sharply amid renewed tensions in the Middle East after Iran launched an attack on U.S. forces using ballistic missiles.

08/20/2026

Join us for a Medicare 101 Webinar on 09/09/2026

08/17/2026

•Severe weather risks are changing.
New research from First Street found that severe convective storms—including tornadoes, hail, and damaging winds—are now among the costliest natural disasters worldwide.
In 2025, these storms caused $82 billion in losses, with $68 billion in the U.S.
For homeowners, rising weather-related costs can impact more than repairs. Reviewing your coverage and emergency preparedness can help you stay ready as risks evolve. Source:

Severe "convective" storms account for roughly a third of global natural disaster economic losses, a new study finds.

08/11/2026

Today we remember and wish a very happy birthday to a former owner of our CPA firm, Cass Beals, who left such a lasting impact on all of us. It's hard to believe it has been four years since he passed away. His leadership, wisdom, humor, and friendship meant so much to the firm and to the many lives he touched. The lessons he taught us continue to influence the way we work and serve our clients today.

Happy Birthday Cass! You are greatly missed and will never be forgotten. 🎉🎂🎊🎈🎁

08/10/2026

The Federal Reserve left interest rates unchanged at its July meeting, but not without debate. The decision came with a 9-3 vote, highlighting ongoing concerns about inflation and the path forward for the economy. For consumers and businesses, interest rates remain closely tied to inflation, borrowing costs, employment, and the broader economic outlook. Source:

Despite increasing support for a rate increase, the Federal Open Market Committee voted 9-3 to leave the federal funds rate in a range between 3.5% and 3.75%.

08/05/2026

AI is creating new opportunities, but history reminds us that innovation cycles require careful consideration. Our friends at Michigan Financial Companies explore what the Enron story can teach investors about today’s AI boom.
Source:

Can the AI boom be compared to Enron? Learn how investor expectations, valuation, and future earnings shape AI investing—and why history offers important lessons.

08/01/2026

At Beals, Caruana & McVety, P.C., we provide professional, thorough, and timely services tailored to your unique financial goals—from comprehensive tax strategy and accurate bookkeeping to long-term wealth management. Let our team of trusted experts handle the heavy lifting so you can focus on running your business and securing your future. 💼

📞 Call us today at (248) 251-1050 or visit myaccountantsmi.com to learn how we can support your financial success.

07/28/2026

Small-cap stocks are off to a strong start this year, with the Russell 2000 Index up more than 21%, its best first-half performance since 1991. AI investment has helped drive gains beyond large technology companies, benefiting smaller businesses tied to semiconductors, equipment, and connectivity. While interest rates remain a key factor, the rally highlights how market trends can impact companies of all sizes. Source:

The advance marks a sharp turnaround after years of underperformance versus large-cap peers.