Category: Tax
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...
My 2024 Tax Filing Is on Extension—Now What? (For Small Business Owners and S-Corp Filers)
If you're a small business owner or S-Corporation filer who requested an extension for your 2024 tax return, you’ve bought yourself a little breathing room—but it’s not a pause button. An extension gives you more time to file, not more...
Quarterly Tax Payment Tips for Self-Employed Professionals in Michigan
If you are self-employed in Michigan, quarterly estimated tax payments are an essential part of staying compliant with both the IRS and the Michigan Department of Treasury. Unlike employees whose taxes are automatically withheld, self-employed individuals must estimate and remit...
Tax Deadlines Approaching? Here’s Why Filing an Extension Might Make Sense
As the April 15 tax filing deadline approaches, some individuals and businesses may benefit from pressing pause. Filing an extension can buy you extra time to organize documents, explore deductions, or resolve complex tax issues without rushing the process. But...
BOI Reporting Requirements Extended Again
The Financial Crimes Enforcement Network (FinCEN) has officially extended the March 21, 2024 deadline for beneficial ownership information (BOI) reporting—but don’t relax just yet. A new deadline will be announced by March 21. This update follows a Texas court decision...