Blog posts from: 2015
Guest Author Heather Ptasznik: Are you thinking of hiring an intern?
This is the time of year when the hiring of interns is at its peak. Although a major opportunity for both the intern and your company, if not undertaken in compliance with the law, mistakes can result in expensive legal...
Is it possible for your IRA to pay federal income tax?
Yes! If the IRA invests in a certain type of partnership, the ordinary partnership income can be subject to federal income tax at the IRA level, not the individual level. The type of partnership is a publicly traded partnership (PTP)...
SR in the News: Don’t miss our ad in Crain’s Detroit Business!
Maybe you missed our recent ad in Crain's Detroit Business...here it is (click on the ad for a larger version)! Many thanks to our willing client, Detroit Denim, for joining us! Look for it to appear again in future issues...
Meet the SR Team: Amanda Tobias
You’re a Staff Accountant at ShindelRock–tell us about what you do for clients. I am currently responsible for working on tax returns, tax projections and assisting in preparing financial statement. What do you like about your job and the work...
Social media: Be careful what you ‘like’
The question and answer below appeared in The Journal of Accountancy. Q: Is there any drawback from “liking” things on Facebook (i.e., clicking the Like button)? A: In the past, “liking” a company or group Facebook page (such as the up-and-coming...
IRS updates per diem rates for lodging and meals
The Internal Revenue Service has set the special per diem rates starting Oct. 1, 2015, which taxpayers can use to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home. Notice 2015-63 includes the special...
The arms race in sales tax
When tax codes were originally created, the economy was mostly focused on the manufacturing of tangible goods. As the economy shifted from manufacturing to services, and in particular with the advent of digital commerce, state tax codes have become outdated,...
Unemployment Insurance Agency extends deadline for employers to settle their accounts
Beginning with the third quarter of 2015, the Taxable Wage Base (TWB), or the maximum annual wage on which an employer must pay unemployment taxes, will be lowered from the current rate of $9,500 to $9,000. This means that non-delinquent...
R&D tax credits clarified for internal use software
This article appeared in Accounting Today. Proposed regulations released by the Treasury Department in January provide guidance on the definition of internal use software for the R&D tax credit. The IRS regulations help clear up the confusion that has long reigned over...
Addressing common payroll misconceptions
In honor of National Payroll Week, Accounting Today recently interviewed Chris Rush, division vice president of strategy for ADP Small Business Services, about common questions the company receives from customers on payroll. Below is a summary of the interview. For...