Category: Tax
New Rules for Itemized Deductions: What You Need to Know
The One Big Beautiful Bill Act (OBBBA) introduced sweeping changes to the tax code. While most headlines focused on corporate rates and clean energy, several important updates were made to itemized deductions that will impact millions of individual taxpayers beginning...
EV and Clean Energy Tax Credits Are Ending: What to Know Before Year-End
For years, federal tax credits have helped individuals and businesses adopt cleaner energy strategies. From electric vehicles to high-efficiency HVAC upgrades, these incentives have played a major role in supporting the transition to more sustainable technology. But as of September...
SR Guest Author Jill Neuvirth: Valuable Tax Incentives Just Got Better
The Research & Experimentation Credit (R&D Tax Credit) is one of the most valuable incentives available to U.S. businesses, rewarding companies that invest in innovation. Whether developing new products, improving existing processes, or enhancing software and technology, eligible taxpayers can...
What the One Big Beautiful Bill Act Means for Individuals and Businesses
The One Big Beautiful Bill Act (OBBBA), now just over one month fresh into law, is full of tax code changes that could have major implications for individuals and business owners. With over 90 provisions packed in, it touches everything...
Tax Rules for Gifts to Employees
Giving gifts to employees is a thoughtful gesture, but if you're not careful, it can also be a tax surprise for both the employee and your business. Before you hand out that gift card, here's what you need to know...
The Hidden Tax Trap of Owning Real Estate in an S-Corp
Choosing an entity structure is not just a legal decision, it is a critical tax planning strategy with long-term consequences. The type of entity that owns real estate will have long term tax consequences. All types of ownership have pros...
Form 8300: Key Rules for Business Owners
If your business receives significant payments in cash, it is important to understand the federal reporting rules that may apply. Specifically, the IRS requires certain transactions to be reported using Form 8300, and failure to comply can result in substantial...
Meet our Summer Intern: Luka Stanic
Meet our summer intern, Luka Stanic, a rising senior at Hillsdale College majoring in Accounting. Originally from Chicago, IL, Luka chose ShindelRock for its collaborative environment and the opportunity to learn directly from experienced professionals eager to share guidance and...
Meet our Summer Intern: Andie Martin
Meet our summer intern, Andie Martin, from Saginaw Valley State University. Majoring in Accounting and originally from New Boston, MI, she chose ShindelRock after experiencing the firm's welcoming atmosphere and the rare opportunity to work one-on-one with team members on...
Federal Government Shifts to Mandatory Electronic Payments
In March 2025, President Trump signed Executive Order 14247, initiating a major transformation in the way the federal government handles payments. Beginning on September 30, 2025, all payments made by the federal government, including tax refunds, Social Security benefits, and...