2012 brings changes for Michigan retirees
Attention Michigan retirees (or any Michigan resident receiving IRA or pension distributions): Beginning in 2012 the state of Michigan will begin its newly restructured tax program. This includes the taxation of pension and IRA income for some (not all) recipients...
Year End Tax-Planning Using Charitable Contributions
As December 31 fast approaches, you might want to do some simple income tax planning. No one likes surprises after the first of the year when they prepare their tax returns. How can I minimize my tax bill? If you...
SR Spotlight on: Monica Silwanowicz, CPA
On October 16, amidst 20,000 runners cruising through downtown Detroit, ShindelRock’s own Monica Silwanowicz completed the entire 26.2 miles of the 34th Detroit Free Press Marathon. The course crossed the U.S./Canadian border twice and offered runners musical entertainment along the...
Thanksgiving – and tax planning…
On behalf of everyone at ShindelRock, we wish our clients and friends a very happy Thanksgiving!! Enjoy your Thanksgiving, watch some football, eat too much turkey, and enjoy time with your family. It will definitely be a time to relax...
SR Glossary: Below Market Loans
In the course of running a smaller company there comes times where the owner(s) may need to loan the company money. What is usually lost in this whole transaction are the details: How is it going to be repaid? When...
Newest IRS Scam
There is a new fraud scheme filtering its way through email boxes which targets people responsible for making various payments through the IRS’s EFTPS payment system. (If you don’t know what EFTPS is then this scam won’t fool you, but...
How will patient-centered care affect your medical practice?
For health care providers, the patient-centered care initiative starting in 2013 can largely impact the reimbursements your practice will receive from Medicare. There are steps that you as a health care provider should take to properly prepare your practice for...
Five qualities to look for when hiring a bookkeeper
Hiring a bookkeeper can be a tedious undertaking. However, knowing the right characteristics to look for can make the process less daunting. The following is a list of five important qualities to look for in a bookkeeper: 1. Tech Savvy...
2012 brings increased limits on retirement contributions
Effective for the year 2012 the Internal Revenue Service has raise the amounts that can be contributed to retirement accounts: Type of Retirement Plan 2011 Contribution Limit 2012 Contribution Limit Increase in Contribution 401(k), 403(b) and 457(b) $16,500 $17,000 $500...
Client Question: What’s a QR code?
Maybe you've seen this quirky black and white box and wondered "What IS that thing?" It's called a quick response code, or QR code. You snap the image like a picture with your smartphone, and your phone "reads" the QR...