Blog posts from: 2015

SR Client News: Floyd Leg launches Kickstarter Campaign

  • November 17, 2015
  • Mark Hughes CPA CFE

Check out our client Floyd (of Floyd Leg fame) as they begin a new Kickstarter campaign for their innovative, easy to assemble bed frame:

Retirement contribution COLA limits

  • November 17, 2015
  • Mark Hughes CPA CFE

The Internal Revenue Service announced cost-of-living adjustments affecting dollar limitations for tax year 2016. Some limitations such as those governing 401(k) plans and IRAs, will remain unchanged because the increase in the Consumer Price Index did not meet the statutory...

Top 10 year-end tax planning tips

  • November 12, 2015
  • Mark Hughes CPA CFE

As 2015 draws to a close, a turbulent economic and legislative environment means taxpayers need to keep a close eye on several major planning issues, according to Grant Thornton LLP in an Accounting Today article. Check on Congress The most...

‘File and Suspend’ strategy to maximize social security may disappear

“File and suspend” is an advanced claiming strategy that has helped retirement savers at all income levels, especially women, maximize their social security benefits. Under the “file and suspend” strategy, one spouse files for Social Security benefits and then immediately suspends those...

SEC gives go-ahead to crowdfunding

The Securities and Exchange Commission recently adopted final rules to allow companies to offer and sell securities through crowdfunding, which will make it easier for startup companies to attract financing in accordance with the JOBS Act, the Jumpstart Our Business...

Tax relief for education expenses

  • November 3, 2015
  • Mark Hughes CPA CFE

This article appeared in Accounting Today. Below is a brief, general overview of some tax relief available for dealing with education expenses. For more information, refer to IRS Publication 970. This publication is generally updated annually at the beginning of the...

Congratulations to SR Client Detroit Denim, NEIdeas Grant Winner!

  • November 2, 2015
  • Steve Wisinski, CPA, MAFF

We're thrilled to congratulate ShindelRock client Detroit Denim, recently awarded the NEIdea $10,000 grant from NEI!  Way to go Erik, Brenna and team! From The Detroit Free Press, by Tom Walsh: Detroit Denim Started in 2010 by Eric Yelsma after...

Requirements and time deadlines of the Affordable Care Act

Health Care Reform brings uncertainty for businesses of all sizes. The Affordable Care Act (ACA) was signed into law on March 23, 2010. Various provisions of the ACA have been phased in over the years and will continue to be...

Making the most of required minimum distributions

If you’re a retiree that has sufficient assets and doesn’t need to spend the required minimum distributions from your retirement plans, you might be frustrated by being forced to take them and incur the associated tax liability. Here are several...

Tax treatment and planning strategies for nonresident individuals

  • October 22, 2015
  • Maria Montie, CPA, MST, CVA, MAFF

President Barack Obama's executive action on immigration announced on Nov. 20, 2014, would allow some unauthorized  aliens to temporarily work and remain in the United States. Although opposed in Congress and, at this writing, still blocked from implementation in a lawsuit...