Category: Business Practices
ACA Healthcare Compliance Deadline for Large Employers Extended
Employers with more than 50 employees who have struggled to understand their responsibilities under the Affordable Care Act (ACA) can breathe a sigh of relief: the Obama Administration announced recently it has delayed until 2015 the requirement that large employers...
Reminder: Do Not Forget the Health Insurance Deduction if You Are Self-Employed
If you are self-employed, there are still deductions for medical, dental or long-term care insurance premiums that are paid for themselves, their spouse and their dependents. The insurance can also cover your child who was under age 27 at the...
SR Client Question: Can I deduct 100% of meals and entertainment expenses?
Businesses, including sole proprietors, are normally allowed to deduct only 50% of their meal and entertainment expenses. The reason is because the IRS believes that taxpayers benefit personally from the amount of meal and entertainment expenses they claim as deductions,...
Schedule a Foreign Asset Reporting seminar for your group today
ShindelRock tax experts are offering free seminars for interested employers and civic groups interested in learning more about foreign asset reporting. Previous groups that have found this seminar helpful include the Oakland County Bar Tax Committee and the Michigan Indian...
Six Things Really Productive People Do
We all have the same 24 hours in a day, but specific choices that allow some people to make the most of every day, and still feel happy and relaxed. From an INC. article titled “6 Things Really Productive People...
IRS Audit Technique Guide Sheds Light on Examinations of Cash Businesses
The IRS has previously issued an Audit Techniques Guide (ATG) for examinations of cash intensive businesses. The IRS noted in the ATG that many cash intensive businesses have weak internal controls, lack an audit trail, and have inadequate books and...
Tip Reporting Basics
Tip reporting for businesses has become an extremely complicated area of law. The business rules involve not only numerous areas of taxation but also employee reporting and wage and hour laws. State and local governments also enforce their own separate...
Client Question: Are Electronic Health Record incentive payments are taxable?
Yes! A popular belief is that the incentive payments made to eligible professionals and hospitals that adopt, implement, upgrade or otherwise demonstrate "meaningful use" of certified electronic health records (EHR) are not taxable. This is not the case. In fact,...
How to Make Great Decisions…Most of the Time
People, especially business owners, make thousands of small decisions each day but can struggle when the big ones come along. It's been suggested by the scientific community that people make around 35,000 decisions every day. Most people manage these mundane...
Special Guest Author John Carter: Michigan Franchise Investment Law
McDonald’s, Burger King, and Dunkin Donuts are three examples of popular franchise businesses. The Michigan Franchise Investment Law defines a “Franchise” as follows: “Franchise” means a contractor agreement, either express or implied, whether oral or written, between 2 or more...