Blog posts from: 2016
Potential tax benefit for U.S. companies that export
U.S. exporters that create an Interest Charge Domestic International Sales Corporation (IC-DISC) can benefit from potentially large tax savings with relatively low initial costs. By incorporating an IC-DISC, exporters can transform at least one-half of their taxable income from qualified...
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...
IRS announces 2017 pension plan limitations
The IRS recently announced that the limit on elective deferral for contributions to 401(k) plans, 403(b) plans, most 457 plans, and the federal government’s Thrift Savings Plan remains $18,000 for 2017, and the catch-up contribution limit for those 50 and...
UPDATE: House delays new overtime rule
On September 28, 2016, the U.S. House of Representatives voted to delay the U.S. Department of Labor’s rule raising the threshold for exemption to overtime pay by an additional six months . The rule, which is set to take effect December...
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.
Don’t miss ShindelRock on 97.1 The Ticket this Saturday morning!
Steve Rock, senior managing partner of ShindelRock, and Monica Silwanowicz, manager of ShindelRock, will join the Capital Mortgage Funding team on 97.1 The Ticket radio in Detroit this Saturday, October 29 from 9-10 a.m. This live episode of the...
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...