Blog posts from: 2015

ShindelRock is expanding!

ShindelRock is pleased to announce the opening of a downtown Detroit office, to better serve the tax and accounting needs of clients who are a part of that city's burgeoning new economic activity.  "With the resurgence of Downtown, Midtown, and Corktown, Detroit is...

ABLE Act helps individuals with disabilities

Included in the Tax Increase Prevention Act of 2014 is a new type of tax-advantaged savings program for individuals with disabilities that begins in tax years after December 31, 2014. The new provisions are provided in the Achieving a Better...

URGENT: Wait to file taxes if you received a Form 1095-A from Healthcare.gov

Approximately 800,000 taxpayers who received health care coverage through the federal insurance marketplace Healthcare.gov were sent the wrong information on their Form 1095-A and are being urged to wait to file their taxes until the first week of March when...

Meet the SR Team: Carla Striker

  • February 12, 2015
  • Kelly O'Donnell

You’re a Staff Accountant at ShindelRock–tell us about what you do for clients. My days are filled with tax projections, tax returns and financial statement preparation.  I am also helping clients with their bookkeeping needs. What do you like about...

Summary of changes for sales, use and withholding taxpayers in 2015

  • February 10, 2015
  • Mark Hughes CPA CFE

Last month, the Michigan Department of Treasury will begin to process current-year Sales, Use, and Withholding (SUW) tax returns with a new online system. As a result of this new processing system, there will be changes to the SUW forms...

IRS addresses mortgage interest deduction when property is owned by more than one taxpayer

  • February 5, 2015
  • Mark Hughes CPA CFE

The IRS recently addressed the issue of who is entitled to claim a home mortgage interest deduction where the underlying property is owned by more than one taxpayer, and mortgage payments are made by one or both of them. In general, a...

Beware of calls from IRS impersonators this filing season

The Treasury Inspector General for Taxpayer Administration (TIGTA) is reminding taxpayers to beware of phone calls from individuals claiming to represent the IRS in an effort to defraud them. Since October 2013, the TIGTA has received reports of roughly 290,000...

IRS warns of tax refund delays

  • January 29, 2015
  • Mark Hughes CPA CFE

Due to recent IRS budget cuts, individuals who file paper tax returns could wait an extra week for their refund this year or possibly longer. And filers with errors or questions that require additional review will also face delays. These budget cuts...

SR Client Question: Does my benefit plan need an audit?

  • January 27, 2015
  • Marianne Lilly, CPA, CGMA, CFE

The Internal Revenue Service and the Department of Labor require that Form 5500 be filed for certain benefit plans including Profit Sharing and 401(k) Plans (hereinafter “Plans”) regardless of the number of participants. Plans with over 100 participants at the...

Guest Author Victor Hicks II, CFP, AIF: Fidelity Bonding vs. Fiduciary Liability Insurance for 401(k) Plan Sponsors

Fidelity Bonding vs. Fiduciary Liability Insurance for 401(k) Plan Sponsors By: Victor H. Hicks II, CFP®, AIF® Owner, Managing Principal Lumin Financial, LLC An Independent Registered Investment Adviser vhicks@luminfinancial.com Our clients often ask: Fidelity bonding or fiduciary liability insurance? It’s...