Blog posts from: 2023
Remembering Amelia Escobedo
We remember our friend and longtime colleague Amelia Escobedo, who passed away on August 6. Amelia was a friendly face in the ShindelRock lobby, greeting guests and assisting clients with a cheerful attitude and a can-do spirit. Her gentle, kind...
Insurance proceeds for rent loss are not subject to sales tax in Florida
With the many hurricane loss claims in recent years in Florida, there is some confusion about whether insurance claims proceeds for lost rent on commercial rental properties must be reported on your monthly Sales and Use Tax Return (Form...
Do you have a hobby or a business? The IRS will want to know…
From collecting stamps and woodworking to crafting and quilting, people have all kinds of hobbies – and most of these hobbies will never turn a profit. For hobbies that do earn income, people should know that they must report it...
Appraisal requirement may cause some to rethink charitable donation of cryptocurrency
In January 2023, the IRS advised that taxpayers will be denied a charitable contribution deduction for a donation of digital assets in excess of $5,000 without a qualified appraisal. While digital assets may have a value listed on an exchange...
Meet the SR Staff: Josh Hilton, Intern
We get to know Josh Hilton, a recent graduate of Madonna University, as he joins our ShindelRock team as a Summer 2023 intern: What are you doing during your internship at ShindelRock? What do you hope to come away with...
Meet the SR Team: Emilie Nussbaum, Intern
We get to know Emilie Nussbaum, a rising junior at Michigan State University, as she joins our ShindelRock team as a Summer 2023 intern: What are you doing during your internship at ShindelRock? What do you hope to come away...
Department of Defense offers free tax filing resources for military members
Active military service can make tax filing challenging, especially if the service member is deployed or on an intensive training mission. MilTax is a Department of Defense program designed to lessen the burden on service members by offering free tax return...
Tax benefits (and pitfalls) of hiring your minor children as a small business owner
School breaks can be a great time to enlist minor children to work in your small business. As long as they're doing legitimate work for your business, you can hire your child tax-free and pay each of them up to...
Corporate Transparency Act reporting requirements coming in 2024
A new law intended to help prevent and combat money laundering, terrorist financing, corruption, tax fraud, and other illicit activity will affect millions of American businesses when it goes into effect on January 1, 2024. Broadly speaking, new regulations created...
Tax issues when operating a business as a married couple
One of the advantages of operating one's own business is hiring family members. However, the employment tax requirements for family employees may vary from those that apply to other employees. The IRS points out some issues to consider when operating...