Blog posts from: 2016

ShindelRock’s Maria Montie participates in The Field event

Banking and accounting experts Kyle Sasena of Level One Bank, Maria Montie of ShindelRock Accounting, and Amanda Gavalier of Momentum Bookkeeping participated in a round table style conversation for The Field, Detroit's new nonprofit trade organization formed to provide a platform...

FASB clarifies practices for reporting cash flows

To help reduce the diversity in practice as  to how certain cash receipts and cash payments are presented and classified in the statement of cash flows, the Financial Accounting Standards Board (FASB) recently issued Accounting Standards Update No. 2016-15, Statement of Cash...

Getting retirement benefits abroad: What you need to know

If you plan on retiring overseas, it may still be possible to receive your retirement benefits while living abroad. Here's what the Social Security website advises: If you’ve worked in both the United States and another country, it may be possible...

Guest Author Harry Glanz: How to avoid the most common mortgage mistakes

The most common mistake people make is NOT having a complete plan in place before shopping for a new home.  A thorough plan is needed for goals and objectives.  Having an effective plan in place entails sitting down with clients...

The many ways scammers can get their hands on your money

Scams come in all shapes and sizes, but many share similar characteristics. And if you know what they are, you can save yourself from being swindled. Some of the more common characteristics of investment fraud include: The investments are promoted...

See and hear ShindelRock’s Steve Rock and Monica Silwanowicz on the radio!

Steve Rock and Monica Silwanowicz were special guests on 97.1 The Ticket for the Hardcore Mortgage show on Saturday--they did a great job!  Click here for an audio recording of the show.

Where do my sales need to be in order for my company to breakeven?

This is a very common question many business owners ask.  The “breakeven point” is a crucial figure since it quantifies the amount of sales needed in order to cover the expenses of the company.  In order to determine your company’s...

IRS provides guidance on using QTIP elections for reducing estate taxes

The IRS has released new procedures that help a taxpayer make the decision on whether to opt for a qualified terminable interest property (QTIP) election to reduce estate taxes. In Rev. Proc. 2016-49, the IRS removed a prohibition on utilizing a...

Five steps to bringing analytics to life

In today’s digital world, the use of analytics has been recognized as a critical part of any decision-making process in businesses. The explosion in the amount of transactional and non-transactional data that organizations have access to has made the need...

Financial record keeping for small businesses: What to keep and for how long

It's important for a business of any size to keep well-organized and up-to-date financial records. For the purposes of a small business, this can be through either hard copy or electronic filing. Not only will this organizational practice help prepare...