A $10,000,000 Gain–Tax Free? Yes, if you have a C corp. and you hurry…
The prospect of pocketing $10 million tax-free is thrilling for plenty of business owners. In fact, capital gains of up to $10 million from the sale of Qualified Small Business Stock (QSBS) can be excluded from income tax and alternative...
SR Client Question: “Do I need to disclose my foreign bank account?”
Yes! If you have a financial interest in or signature authority over a foreign financial account, the Bank Secrecy Act may require you to report the account yearly to the Internal Revenue Service. This includes bank accounts, brokerage accounts, mutual...
Snyder’s Budget Passes Michigan Senate and House
It appears that Governor Snyder’s sweeping budget is going to become law, enacting some sweeping changes to the taxing of businesses and individuals in the State of Michigan. Here are some of the details: Bye Bye MBT – the Michigan...
Changes to the Michigan Business Tax (MBT) & personal income taxes
On April 28, 2011, the Michigan House of Representatives passed a bill that would, if enacted, implement many of the corporate and personal income tax changes that Gov. Rick Snyder proposed in his budget. As the new corporate income tax...
Spring Cleaning Treasures
It's that time of the year again--spring cleaning. If you are like me, it is not enjoyable. It might be the garage, the basement, the kid's toys or your closet. Before you just start filling up garbage bags with unwanted...
Race for the Cure Registration Deadline is May 4th
As we posted a while back once again we are gathering up participants for ShindelRock's team for the Race for the Cure event on May 21st. See this post for details. The deadline for registering to join us is Wednesday,...
ShindelRock professionals present at MACPA Healthcare Conference
Steve Rock, Marianne Lilly, and Steve Wisinski presented "The Forensic Side of Physician Practices" at the MACPA Healthcare Conference April 28, 2011 in Livonia.
Tax Stats – the nitty gritty you’ve been dying to know
If you have ever been curious as to how many tax returns have been filed or what the total Adjusted Gross Income was of the entire United States, here's the link for you. It contains a whole host of information...
Tax Day! (and thanks)
As our firm evolves and grows, many new and varied due dates draw our focus. But April 15th (18th this year) will always hold a special meaning for us and our profession. Dates like this draw us to reflect on...
Score One for Small Businesses!
On Thursday, April 14, 2011, the President signed the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayment Act of 2011. It sounds ominous. Not so, it is a victory for small business. In 2010 there were 2 laws...