Things to Know About Bartering
Many small business owners can save money through bartering to get products or services they need. This can be a great practice for a growing small business if done right, and business owners use the fair market value of property or...
Meet the SR team: Adriana Markovich, Certified QuickBooks Advisor
A monthly series introducing you to a ShindelRock teammate...this month, we meet Adriana Markovich, Certified QuickBooks Advisor and Paraprofessional. What is a Quickbooks advisor? What specifically do you offer clients? Certified QuickBooks ProAdvisors are typically CPAs, accountants, advisors or consultants...
Client Question: What happens when you walk away from your home?
No one wants to be faced with the decision of walking away from their home. However, it is important to know what you can expect and the things you need to consider in case you are ever faced with this...
Client Question: What is the difference between a Dependent and an Exemption?
While every individual tax return is different, some tax rules affect every person who files a federal income tax return. These rules include dependents and exemptions. Below are some simple facts about dependents and exemptions that will help you determine...
Our Special Day!
Everyone has special days that they are fond of, and one of my favorites is April 15th (17th this year). It generally means the end of a long winter (although it was not that bad this year), and the end...
Depreciation: IRS Regulation Rewrite Rules on Deduction vs. Capitalization
Depreciation has been around forever and we all thought we knew everything about it. Well maybe not, but the IRS has updated the rules on “capitalization”, “facilitative costs” and “de minimis rules”. CAPITALIZATION: A taxpayer must capitalize amounts paid...
10 facts about claiming the Child Tax Credit
The Child Tax Credit is available to eligible taxpayers with qualifying children under the age of 17. Here are 10 facts that taxpayers should know regarding this beneficial tax credit: 1. Amount: With the Child Tax Credit, you may be able...
Client Question: When Should I Start Taking Social Security?
When you have been working for a long time, you generally start looking forward to retirement. You know you are eligible for Social Security benefits, and you have been thinking about when you should start taking the income you have...
Client Question: How do I change my name with the IRS?
If you have recently changed your name, such as after a marriage or divorce, you will need to take the necessary steps to ensure the name on your tax return matches the name registered with the Social Security Administration (SSA). ...