Blog posts from: 2012

AMT and the Fiscal Cliff

  • December 28, 2012
  • Steve Wisinski, CPA, MAFF

One item that has not been talked about during the "fiscal cliff" discussions is the AMT and the affect that it could have on a significant number of people in 2012 if the "patch" isn't done.  For the last number...

Congratulations Marianne Lilly, ShindelRock’s newest CVA!

  • December 27, 2012
  • Steve Wisinski, CPA, MAFF

Marianne Lilly, CPA, CVA, CFE, has successfully completed the certification process with the National Association of Certified Valuators and Analysts (NACVA) to earn her designation of Certified Valuation Analyst (CVA).  As part of the ShindelRock business valuation team, which now...

Happy Holidays to all our clients and friends!

On behalf of everyone at ShindelRock, we wish our clients and friends a very happy holiday season!! Enjoy some time with your friends and family.  But remember, there are only 6 days until the new year starts. So after your...

8 Questions to ask yourself before you start a business

If you have ever thought about, discussed, or fantasize about quitting your day job and becoming your own boss, you are not alone. What could be better than setting your own hours, reporting to yourself and pursuing your own goals?...

SR Client Question: Do I need to pay tax on money I give as a gift to someone?

If you gave money or property to someone as a gift, you might owe federal gift tax. Many gifts are not subject to the gift tax, but the following are eight ways to identify if you might owe a gift...

SR Client Question: Can an LLC Own Shares of an S Corporation?

An S corporation has strict limitations on who can own stock that are imposed upon it by the Internal Revenue Code (IRC) Section 1361(c), which provides that an S corporation can only have shareholders that are individuals or certain trusts...

AICPA explains Fiscal Cliff in plain English in Dec. 18 webinar

The AICPA | PFP Division presents:  The Fiscal Cliff: What It Means for You in Plain English Speakers:Michael Goodman, CPA/PFSTed Sarenski, CPA/PFS The “fiscal cliff” is the combination of tax increases and spending cuts scheduled to take effect on Jan....

Changes Arising From the Patient Protection and Affordable Care Act

Many have been talking about The Patient Protection and Affordable Care Act, informally referred to as “Obamacare”.  The question on everyone’s mind seems to be, “How will this affect my income taxes next year?” “Obamacare” will implement several tax changes. ...

Various Tax Benefits Increase Due to Inflation Adjustments for 2013

  • December 6, 2012
  • Steve Wisinski, CPA, MAFF

For tax year 2013, the Internal Revenue Service announced recently annual inflation adjustments for more tax provisions, including: The annual exclusion for gifts rises to $14,000 for 2013, up from $13,000 for 2012. The amount used to reduce the net...

SR Client Question: What is the “Fiscal Cliff”?

The term “fiscal cliff” has been all over the news lately.  But what does it really mean? The fiscal cliff refers to a group of pending tax law changes and the effect it will have on the average household.  For...