Proposed Michigan Business Tax (MBT) Replacement
Last week Michigan Governor Rick Snyder released a draft of a proposed replacement of the Michigan Business Tax (MBT) with the Michigan Corporate Income Tax. The important word in the new tax name is “Corporate”. If passed in its present...
The Electronic Health Records (EHR) incentives and their “Meaningful Use”
The Health Information Technology for Economic and Clinical Health Act (HITECH Act) established incentives for eligible healthcare providers to increase their Medicare and Medicaid reimbursements for “meaningful use” of electronic health record (EHR) systems (Link: http://www.cms.gov/ehrincentiveprograms/) The HITECH Act...
The Great 1099 Roundup begins in 2011 for real estate owners
Recent legislation has added a new burden to the owners of rental real estate. Starting in 2011, if you write checks totaling $600 or more per year to an individual, partnership or corporation, you must issue a tax Forms 1099MISC. ...
Stabenow bill would drop required IRS filings
According to this article in the Detroit Free Press, Debbie Stabenow introduced legislation that would kill the new 1099 filing requirements which were wrapped up in the health care bill passed last year. The requirements, which would go into effect...
SR IN THE NEWS: “ShindelRock grows staff & revenues, plans internship program”
I'm thankful to Jon Zemke at Metromode for featuring ShindelRock in his Oakland County Innovation and Job News column. The article, "ShindelRock grows staff & revenues, plans internship program", highlighted our plans for growth, which is always positive and something...
The IRS “Trusts” You
One of the traps we see all too often with companies that are having cash flow issues is to delay payment of their payroll tax obligations. Since the IRS doesn't call you when they don't get their money, it is...
Gift Tax Basics
Despite the turmoil within the Estate Tax arena most experts (including the ones here at ShindelRock) are confident that Gift and Estate Taxes are not going away any time soon. Gift taxes are still being collected and are still an...
ShindelRock names Marianne Lilly, CPA, CFE, Senior Manager
ShindelRock veteran Marianne Lilly, CPA, CFE was recently named Senior Manager at our Novi offices. Marianne was previously the audit manager for our audit and accounting services practice. In her new role, she is responsible for managing the Firm’s assurance...
Highlights of the Tax Relief Act
Last week President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. This legislation included a number of provisions which extended tax cuts which were slated to sunset (go away) at the end...
ShindelRock adds accountant Heather Lerner to team
ShindelRock welcomes Heather Lerner, CA, as a new Senior Staff Accountant in our Novi office. Lerner was previously a manager at Koster, Spinks & Koster LLP in Toronto. In her new role, she is responsible for working with the audit...