Blog posts from: 2018
Recent IRS guidance on the deductibility of meals
This month, the IRS issued guidance clarifying that taxpayers may generally continue to deduct 50% of the food and beverage expenses associated with operating their trade or business, despite changes to the meal and entertainment expense deduction under Sec. 274...
2019 filing season may be delayed, according to TIGTA
According to a report recently released by the Treasury Inspector General for Tax Administration (TIGTA), the 2019 filing season may be delayed. Here’s why. To implement the Tax Cuts and Jobs Act (TCJA), the IRS will need to create or...
Congratulations Marianne Lilly, 2018 MICPA Experience Woman to Watch
Congratulations Marianne Lilly, Partner at ShindelRock, on your Michigan Association of CPA Experienced Woman to Watch recognition at the MICPA Annual Dinner October 3, 2018! Your ShindelRock family joins our industry colleagues in recognizing your immense contributions to our field, including...
Congratulations Amanda Sayn, 2018 MICPA Emerging Leader
Congratulations Amanda Sayn, Senior Accountant at ShindelRock, and your Michigan Association of CPA Emerging Leaders Task Force co-members for all the hard work you have done! Amanda's team is being honored at the MICPA Annual Dinner October 3, 2018.
Take advantage of the federal paid-leave tax credit
A new general business tax credit is allowed for wages paid under a Family and Medical Leave Act (FMLA) policy for tax years 2018 – 2019. The credit is based on the amount of wages paid to the qualifying employee while...
Police officers not entitled to compensation under FLSA for donning and doffing police gear
A federal appeals court has affirmed a district court ruling that former sheriff deputies in a Florida police department were not entitled to compensation under the Fair Labor Standards Act (FLSA) for the time they spent donning and doffing police...
Sales tax to be collected from out-of-state online retailers
Following a recent U.S. Supreme Court decision, State Treasurer Nick Khouri announced a change to the state’s sales tax administration that will require many mail order and online retailers located outside of Michigan to pay the 6 percent sales tax...
New proposed regulations on 20% QBID
The IRS recently issued proposed regulations on the 20% flow-through deduction. There is a 45-day period for people to comment, so these are not final. However, they can be relied upon until the final ones are issued, and they provide...
Tax Reform Planning Series: Maximize your qualified business income deduction
You may have heard a lot of talk in the news about a new deduction for “pass-through” income, but it’s actually available for qualified business income from a sole proprietorship (including a farm), as well as from pass-through entities such...
IRS warns of scams related to natural disasters
With hurricane season underway, the IRS is reminding taxpayers that criminals and scammers often try to take advantage of the generosity of taxpayers who want to help victims of major disasters. Hurricane season runs June 1 to November 30, and...