Blog posts from: 2018

How small business owners can save on college

Small business owners with college-bound children can save thousands of dollars a year if they plan ahead and adopt a few simple strategies. While it's best to plan when children are young, even some last-minute tips can cut parents' costs....

New limitations for retirement plan funding

The IRS recently announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019.  The IRS today issued technical guidance detailing these items in Notice 2018-83. Highlights of changes for 2019 The contribution...

Children and FICA withholding rules

If a child under age 18 is paid a wage from a sole proprietorship in which one parent is an owner or a partnership in which each owner is a parent, no FICA withholding is required.  However, if the wage...

Changes to amended returns

  • November 28, 2018
  • Karla Harrington CPA

Starting with the 2017 tax season, the state of Michigan has changed how amended returns are prepared.  They no longer have the MI-1040X. You now must check a box on the regular MI-1040 form to indicate it’s amended and add...

ShindelRock sends 100,000 thank yous to American service members

  • November 26, 2018
  • Steve Wisinski, CPA, MAFF

ShindelRock team members took part in the national 100,000 Thank Yous effort to send handwritten thank you notes to American service members!  All cards will be donated to Operation S.E.N.D. through Military Missions, which ships out 8,000+ care packages to...

Why you should think twice before relying on public service loan forgiveness

ShindelRock has recently had several clients in their residencies contemplate working for a certain hospital because of the possibility of student debt cancellation under the public service loan forgiveness program. As a word of caution, a recent CNBC article highlighted...

ShindelRock family generously supports Kennedy’s Disease Association

  • November 15, 2018
  • Steve Wisinski, CPA, MAFF

ShindelRock was a proud sponsor of and match donor to the 2018 Ed Montie 5K, a run to support Kennedy's Disease research and those seeking a cause and cure of this genetic disorder, which afflicts men in their adult years....

Join ShindelRock as we help Gleaners feed Metro Detroit’s hungry!

  • November 13, 2018
  • Steve Wisinski, CPA, MAFF

Each holiday season, ShindelRock teams up with Gleaners to provide hungry children, families, and seniors in our community with the nutritious and healthy meals they need.  We've created two simple ways to get involved: DONATE FOOD: By purchasing food directly...

Nurses working independently must apply for LLC, not PLLC

Nurses working independently in the state if Michigan must apply for an LLC, not a PLLC. Here’s why. Under the Public Health Code, a nurse must work under the delegation and general supervision of a physician. Therefore, the service being...

Understanding business fraud warning signs

According to a recent article in the Journal of Accountancy, accountants and business owners should watch for these five common fraud red flags. Living beyond means Unusual email Loose controls Not-so-friendly kickbacks Exceptional performance or cooked books? These are the...