Do You Provide Property or Service to the Government? Make sure you know this new tax law.

  • June 7, 2011
  • Steve Wisinski, CPA, MAFF

Starting January 1, 2013, you may be subject to a 3% withholding tax on your payment.  This was part of the Tax Increase Prevention and Reconciliation Act of 2005; its implementation has been delayed several times. Payments from federal, state...

New law creates refund opportunities for business owners

The Small Business Jobs Act of 2010, signed into law by President Obama September 27, 2010, had a little-reported change regarding general business tax credits that can have a big impact on the cash flow of some small businesses.  The...

It’s Official – no more MBT (well, starting 1/1/12…)

  • May 26, 2011
  • Steve Wisinski, CPA, MAFF

On May 25, 2011, Gov. Rick Snyder signed bills that, according to Mr. Snyder, “bring greater fairness and simplicity” to Michigan’s tax structure.  As of January 1, 2012 the Michigan Business Tax (MBT) will be eliminated; replaced by the Michigan...

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

  • May 13, 2011
  • Steve Wisinski, CPA, MAFF

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.