Blog posts from: 2019

PPT exemption reporting change

  • February 14, 2019
  • Karla Harrington CPA

ShindelRock clients have begun receiving pre-printed PPT forms for the 2019 filings.  With that, for Oakland County resident at least, there is include a cover letter indicating a change in law regarding exemption filings. We have confirmed this is a...

SR tax team checks in on up-to-the-minute 2019 tax season updates

The ShindelRock tax team spent a few hours yesterday checking in on the latest tax law updates and changes, in preparation to serve our clients this tax season. Did you know, most tax law changes are only scheduled to last...

ShindelRock’s Karla Harrington featured on podcast “The Freelance Hustle”

Listen to the latest episode of "The Freelance Hustle", where ShindelRock Manager Karla Harrington guides listeners through choosing between different corporate entity structures; picking the right tax and accounting advisor for your needs (and how much it costs!); if your...

ShindelRock Business Tax Tip #1, as heard this week on WJR

IRS issues final regulations under section 199A (20% deduction)

The U.S. Department of the Treasury has issued final regulations and other guidance on a substantial provision of the Tax Cuts and Jobs Act, which allows owners of sole proprietorships, partnerships, trusts, and S corporations to deduct up to 20...

Listen for ShindelRock on WJR-AM radio in February and March!

ShindelRock's Maria Montie spent the morning at WJR's Fisher Building studio sharing her expertise in making complex business taxes easier. Listen for her tips and advice airing in the morning for the next 8 weeks! PS--Can you spy a Detroit radio legend in...

2019 Social Security benefits increase; 2.8% COLA increase

Each year, the Social Security Administration announce the annual cost-of-living adjustment (COLA). Usually, there is an increase in the Social Security and Supplemental Security Income (SSI) benefit amount people receive each month, starting the following January. Law requires that federal...

Sale of improved land: Capital or ordinary gain?

When real property is subdivided into lots and actively sold, the common result is that the gain on sale of the property is subject to ordinary income tax treatment. However, this may not always be the case under Sec. 1237....