CTA Update: Nationwide Injunction Puts Filing Deadline on Hold
If you’ve been following the Corporate Transparency Act (CTA) developments and its Beneficial Ownership Information (BOI) filing requirements, you know the deadlines have shifted multiple times over the past few weeks. As of now, a nationwide injunction has halted enforcement...
How Section 1256 Contracts Can Reduce Taxes for Investors
For most individual taxpayers, capital losses are limited to a $3,000 deduction per year, with any extra losses carried forward to future years. This can delay the tax benefits of those losses. However, there’s an exception for certain investments...
Welcome Back Stephanie Bodmer
Welcome back to Stephanie Bodmer, a recent Oakland University graduate with a BS in Accounting! After interning at ShindelRock last summer, where she prepared 1040 tax returns and gained experience with QuickBooks and UltraTax, Stephanie is excited to further develop...
Meet our Tax Season Intern: Connor Moran
Meet our tax season intern from Western Michigan University, majoring in Accounting and originally from Woodhaven, MI. This first-time accounting intern chose ShindelRock for its great workplace culture and looks forward to gaining hands-on experience with 1099s, PPTs, Business Returns,...
Rottman, Kingston & Neuvirth P.C. is now part of ShindelRock
Rottman, Kingston & Neuvirth P.C. is now part of ShindelRock. ShindelRock, a public accounting firm in Novi, Mich., is pleased to announce the acquisition of Farmington Hills, Mich.-based public accounting firm Rottman, Kingston & Neuvirth P.C. The professionals at RKN...
Reviving Accounting: Careers That Shape the Future
It’s no secret that over the past 15 years, the accounting profession has been struggling to maintain a sufficient hiring pool and keep enrollment up; with the situation continuing to worsen. The Wall Street Journal recently highlighted these issues in...
8 Year End Tax Tips
With year-end fast approaching, it is essential to focus on key deadlines and financial strategies that may affect your tax position. Taking timely action on these matters can help you optimize deductions, minimize liabilities, and close the year on a...
Businesses Get Relief as the Corporate Transparency Act is Delayed
A significant update has emerged for businesses facing the upcoming January 1 deadline to report beneficial ownership information (BOI) to the Financial Crimes Enforcement Network. A federal judge in Texas has issued a preliminary injunction halting the nationwide enforcement of...
How IRA Owners Can Donate to Charity in 2024
In 2024, owners of Individual Retirement Accounts (IRAs) have a great way to give back to their communities. If you’re 70½ or older, you can donate up to $105,000 directly from your IRA to a charity, under a Qualified Charitable...
GUEST AUTHOR: 2025 Retirement Update – New IRS Limits and SECURE 2.0 Provisions Taking Effect for Small Plans
The weather is getting colder, decorations are going up, and people are making travel plans across the country. It can only mean one thing…time to start planning for the 2025 tax year! The IRS recently announced the 2025 contribution limit...