Blog posts from: 2013
Meet the SR team: Brett Baker, Staff Accountant
You're a Staff Accountant at ShindelRock--tell us about what you do for clients. I work with clients, both businesses and individuals to prepare tax returns, complete audits and reviews, and help clients to prepare for the coming year with tax...
Special Guest Author John Carter: Michigan Franchise Investment Law
McDonald’s, Burger King, and Dunkin Donuts are three examples of popular franchise businesses. The Michigan Franchise Investment Law defines a “Franchise” as follows: “Franchise” means a contractor agreement, either express or implied, whether oral or written, between 2 or more...
SR Glossary: Business Casualty Losses
Disasters happen. Unfortunately, something bad can, and probably will, happen to any business operating for a long enough period of time. However, through proper insurance, and the following guidance, hopefully when a disaster strikes, your business losses will be minimized. ...
News from Lansing: Business Personal Property Tax Returns
Given the looming personal property tax due date of Feb 20, business owners should be aware of a bill signed by Michigan Gov. Snyder on December 20, 2012. This bill eliminates the personal property tax for small taxpayers starting in...
How to make an S-Corp Election
A corporation informs the Internal Revenue Service of its choice to be taxed as an S-Corporation instead of as a C-Corporation using IRS Form 2553. It is extremely important for a newly formed corporation to make this decision early. Forming...
ShindelRock honors our friend and colleague Bob Miller
Bob Miller July 15, 2012 We remember our friend and colleague, Bob Miller, a consummate professional in the area of tax law. Bob's expertise in matters related to tax law, especially arcane or complicated special situations, was unparalleled. More...
Attention Teachers! Don’t lose the benefit of your out of pocket classroom expenses!
For tax years prior to 2014, K-12 teachers, teacher’s aides or principals are allowed to deduct up to $250 for supplies paid for out of your own pocket. However, for 2014 and forward (pending any law changes), that deduction has been...
Summary of the American Taxpayer Relief Act of 2012
The American Taxpayer Relief Act of 2012 (the Act) was signed into law by President Obama on January 2, 2013 and will protect the majority of taxpayers from seeing an increase in their income taxes, thus, averting the “Fiscal Cliff”,...
What to Expect for Personal Income Tax Refunds in 2013
The has IRS taken several steps to improve taxpayers' ability to understand their refund status in 2013. Starting this year, taxpayers will get a personalized refund date when they use Where’s My Refund? tool on the IRS website. The Where’s...
Special Guest Authors Bruce Gorosh & Jason Milstone: Homeowners Beware
HOMEOWNERS BEWARE By: Bruce M. Gorosh, Esq. and Jason M. Milstone, Esq. Bruce Gorosh and Jason Milstone specialize in all aspects of real estate and business law and litigation, including construction and landlord/tenant disputes. Mr. Gorosh graduated from Boston University...