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...
SR Guest Author Justin Rush, CFP®: What to ask when choosing a financial planner
When searching for a financial planner, it’s not uncommon to meet with multiple firms prior to making a final decision. Different financial planners may have different opinions, philosophies, and personalities compared to one another. Without being immersed in this field, it...
Welcome new Staff Accountant Olivia Metcalfe!
We're thrilled to welcome (or rather, welcome back!) Olivia Metcalfe, our 2023 Spring Tax Season Intern who was recently hired on full-time as a Staff Accountant! Olivia is a 2022 graduate of Wayne State University and comes from a family...
Law changes to IRS Code Section 174 create uncertainty around R&D deductions
The Tax Cuts and Jobs Act of 2017 enacted a series of new provisions to the Internal Revenue Code. A change to Section 174, enacted in 1954 to allow businesses to deduct the costs of research and experimental expenditures, has...
Inheritance or gifts from foreign persons may require Form 3520 reporting
Although a gift or inheritance doesn’t generate any U.S. income tax reporting, it may generate other filing responsibilities for the recipient. As related to inheritances and gifts from foreign persons to a U.S. citizen or U.S. resident, Form 3520 (Annual...
SR In the News: MICPA’s Off the Ledger Podcast featuring SR Manager Amanda Sayn
ShindelRock Manager and Emerging Leaders Taskforce Chair Amanda Sayn was the featured guest on the latest episode of the MICPA podcast "Off the Ledger", where Michigan CPAs get real and cover everything from stories, personal financial tips, and leadership development....