Blog posts from: 2017

Michigan’s minimum wage to increase on January 1

On January 1, Michigan's minimum wage will increase to $9.25 per hour, up from $8.90 per hour. The increase is the third and final scheduled increase approved in 2014 by the Legislature. They started in 2016, when the minimum wage...

How to prepare for the annual review of your employee retirement plan

This article appeared in the Journal of Accountancy on November 1, 2017. Many business owners believe their work is done once they establish an employee retirement plan. They don't realize how important it is to review the plan annually and...

SR Team Gives Back

  • December 18, 2017
  • Kelly O'Donnell

The team at ShindelRock was delighted to make the Christmas of one deserving local family just a little merrier this year by collecting over $1,000 towards gifts for six young children and their mother.   Happy holidays and happy 2018...

Year-end checklist for employers

Courtesy of PayChex, below is a year-end checklist for employers. Have you reported the following information? All payroll checks issued in-house Voided checks Employee pension information Group Term Life adjustments Tax deposits made for an amount other than the amount...

Guest Author Joseph J. Lezotte, CFP®, AIF®: Is a qualified charitable distribution right for you?

If you’re a charitably-minded individual at an age that requires you to take a required minimum distribution from your IRA and you don’t need the full amount to support you, a qualified charitable distribution (QCD) may be a good option....

Using the Corporations Online Filing System (COFS)

The State of Michigan recently made changes the to the way Corporations and LLCs renew their annual reports online. The Corporations Online Filing System (COFS) is now available and allows businesses to submit documents and annual filings online, pay filing...

Understanding and minimizing the chance of employee fraud

Do you ever wonder if any of your employees are capable of committing fraud? According to Donald Cressey, PhD, trusted persons can become trust violators if three factors are present. These factors are referred to as the “Fraud Triangle”. A...

IRS announces 2018 pension plan limitations

The Internal Revenue Service issued the annual cost of living adjustments Thursday for 401(k) contributions, pension plans and other retirement-related matters. The contribution limit for workers who are enrolled in 401(k), 403(b), most 457 plans, and the federal government’s Thrift...

ShindelRock hosts Gleaners Community Food Bank drive with clients and friends next week

  • November 7, 2017
  • Kelly O'Donnell

ShindelRock will host a food drive for Gleaners Community Food Bank the week of November 13-17 and we're inviting all of our clients and friends to join in!  Simply drop of a non-perishable food donation to the ShindelRock offices anytime...

Reporting cash transactions over $10,000

The Internal Revenue Code (IRC) provides that any person who, in the course of its trade or business, receives in excess of $10,000 in cash in a single transaction (or in two or more related transactions) must report the transaction...