Blog posts from: 2019

Guest Author Duane Reynolds: Ever hear of IRS Form 8822?

Did you move to a new home or change your mailing address lately? Do you plan to do so soon? Has your business moved recently or designated a different individual to receive IRS notifications? If you answered “yes” to any...

How long should a business keep its records?

This question is regularly asked by our clients. Retention of financial records can be time-consuming, and many times will require a significant amount of floor space to keep these records. Some of our clients are hesitant to throw any records...

When to expect your tax refund

  • December 5, 2019
  • Maria Montie, CPA, MST, CVA, MAFF

A recent article from the CPA Practice Advisor outlines when taxpayers can expect to receive their tax refund in 2020 using projections based on previous years. Several factors can affect when a taxpayer may receive their return, including: When they...

Five tips to make the most of your non-cash donations

According to a recent article in USA Today, taxpayers should take into account these five tips when making non-cash donations this holiday season. Assess the condition of your items. The IRS says clothing and other household items should be in...

Michigan Treasury outsourcing collection of past-due taxes

  • November 18, 2019
  • Maria Montie, CPA, MST, CVA, MAFF

Michiganders with past-due tax debts or other state debts may receive a call this fall from one of two contractors operating on behalf of the Michigan Department of Treasury. Beginning on Nov. 15, taxpayers who have been referred to collections...

Freelance Hustle podcast: “Everything you need to know about write offs” with Karla Harrington

Karla Harrington was a guest on season two of the podcast Freelance Hustle, discussing ways small businesses owners and freelancers may qualify for tax write-offs of legitimate business expenses. She provides an overview of write-offs and why they are beneficial...

SR Client Question: How safe are password managers?

Many of our clients use password managers to protect and store their password libraries.  With sometimes hundreds of unique log-ins between business and personal accounts, it can become unmanageable to remember each username and password.  The convenient password managers built...

SR in the news: “Some courts prefer back-of-the-envelope calculations, expert says”

BVWire, October 23, 2019--Although some appraisers are categorically opposed to calculation engagements, it is not unusual for courts to want a back-of-the-envelope calculation, a veteran BV expert says. David Shindel (ShindelRock), a credentialed valuator and master analyst in financial forensics,...

Understanding the purpose of a cost segregation study

Property acquired or constructed by a taxpayer can be ‘depreciated’ (expensed) for tax purposes over its useful life. The IRS has specific guidelines as to the specific useful life of property. There are different useful lives for different properties. For...

ShindelRock acquires accounting firm Kushner, Kippelman & Taub

ShindelRock is pleased to announce the acquisition of Farmington Hills-based accounting firm Kushner, Kippelman & Taub.  The addition of the KK&T team of accounting professionals gives ShindelRock more resources to service clients' assurance and business tax strategy and preparation needs. Please help us welcome...