Category: Business Practices
ShindelRock brings tax tips for business owners to WJR radio
We're kicking off an 8-week series on WJR-AM radio in Detroit on Monday featuring ShindelRock partner Maria Montie sharing tax tips for business owners. Tune in and let us know what you think!
Guest Author Steven Enwright: Choosing the right corporate structure for your business
Selecting a type of business entity is often the first step in the business establishment process. The choice is often dictated by the short and long term goals of the owners and the eventual operation plan for the business. The...
Obligation Assessment for Michigan employers comes to an end
In 2020, Michigan employers will no longer see an Obligation Assessment (OA) on their tax rate notice thanks to the early payoff of federal bonds issued in 2012. In 2012, the Unemployment Insurance Agency (UIA), in partnership with the Michigan...
Understanding the changes to Form W-4
With the release of 2020 Form W-4 by the Internal Revenue Service on December 4, 2019, employers should be prepared to assist and answer questions from employees about the process of completing the new document when the new form takes...
Unusual Payroll Trap: 53 weeks in 2020
Small business owners should beware of an unusual feature of the year 2020 that could cause a snafu in small business payroll systems. This year, New Year's Day fell on a Wednesday, and it is also a leap year, giving...
How long should a business keep its records?
This question is regularly asked by our clients. Retention of financial records can be time-consuming, and many times will require a significant amount of floor space to keep these records. Some of our clients are hesitant to throw any records...
Freelance Hustle podcast: “Everything you need to know about write offs” with Karla Harrington
Karla Harrington was a guest on season two of the podcast Freelance Hustle, discussing ways small businesses owners and freelancers may qualify for tax write-offs of legitimate business expenses. She provides an overview of write-offs and why they are beneficial...
SR Client Question: How safe are password managers?
Many of our clients use password managers to protect and store their password libraries. With sometimes hundreds of unique log-ins between business and personal accounts, it can become unmanageable to remember each username and password. The convenient password managers built...
SR in the news: “Some courts prefer back-of-the-envelope calculations, expert says”
BVWire, October 23, 2019--Although some appraisers are categorically opposed to calculation engagements, it is not unusual for courts to want a back-of-the-envelope calculation, a veteran BV expert says. David Shindel (ShindelRock), a credentialed valuator and master analyst in financial forensics,...
Understanding the purpose of a cost segregation study
Property acquired or constructed by a taxpayer can be ‘depreciated’ (expensed) for tax purposes over its useful life. The IRS has specific guidelines as to the specific useful life of property. There are different useful lives for different properties. For...