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As Rehmann enters its 75th year of delivering business wisdom, the financial services firm has promoted Thomas Wiggins, CFP, to principal. Wiggins has worked in financial planning for more than 20 years serving high net worth individuals and business owners. He has worked with Fortune 200 companies to help design and service their defined contribution and non-qualified retirement plans. Wiggins works with the senior executives of client companies of Rehmann's Family CFO Program, where he focuses on asset management, financial planning and providing customized solutions to help clients reach their goals...

Thursday, 07 January 2016

IRS Identity Protection PIN (IP PIN)

Are you a taxpayer who has used an Identity Protection PIN (IP PIN) on your prior tax returns? Have you experienced tax-related identity theft in the past? If so, we want to make you aware of a recent error on the IRS' CP01A Notice dated January 4, 2016. From the IRS: "Due to an error, taxpayers are receiving Identity Protection PIN letters with an incorrect year listed...

On December 18, 2015, the House and Senate passed the Protecting Americans from Tax Hikes Act of 2015, also known as the “extenders package.” As part of this legislation, the research & development (R&D) tax credit has been improved and extended retroactively to January 1, 2015. President Obama is expected to sign the bill.  As a result of this legislation, Rehmann is pleased to announce that the R&D credit is now a permanent tax credit in the Internal Revenue Code...

Friday, 18 December 2015

Tax extender legislation passes

Today, December 18, 2015, Congress passed legislation extending a number of expired tax provisions. Taxpayers and tax advisors gain more certainty because of the permanent extension of several provisions and multiple year extension of others. President Obama is expected to sign the legislation. Some of the highlights of this legislation are as follows: Extension and modification of increased expensing limitations and treatment of certain real property as section 179 property Under this provision, small business expense limits and phase-out amounts in effect from 2010 through 2014 ($500,000 and $2 million, respectively) are being permanently extended...

The Internal Revenue Service today issued the 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2016, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 54 cents per mile for business miles driven, down from 57.5 cents for 2015 19 cents per mile driven for medical or moving purposes, down from 23 cents for 2015 14 cents per mile driven in service of charitable organizations The business mileage rate decreased 3...

Monday, 14 December 2015

Rehmann welcomes Sam Hodges

Sam Hodges, CPA, CGMA, has joined Rehmann as a tax principal, with a focus on providing highly customized state and local tax services. Prior to his new position, Hodges managed his own state tax consulting firm for nearly a decade. His diverse portfolio includes various roles at national and international companies – including Big Four accounting firms – and spans a broad range of industries. He also represents clients in the Michigan Tax Tribunal...

Tuesday, 01 December 2015

Michael Bannasch joins Rehmann

Michael Bannasch, CPA, MST, has joined Rehmann as a state and local tax senior manager. He will be based in Ann Arbor but serve as a firm-wide resource, providing consulting services to help clients minimize tax and manage risk. Prior to his new role, Bannasch served as a tax manager with a local accounting firm. He began his public accounting career in 2001 and has served clients in a variety of industries...

Tuesday, 01 December 2015

Rehmann welcomes Stephen Chang

Stephen Chang, CPA, has been named senior manager of Rehmann’s audit and assurance department. In his new role with the firm, Chang will serve commercial clients. Prior to joining Rehmann, Chang was assurance manager at PricewaterhouseCoopers LLP and technical accounting manager at Chrysler Group LLC. He began his public accounting career in 2002...

Stacie Kwaiser, CPA, has been named Rehmann's new Chief Operating Officer (COO) and will assume responsibility for the role January 1, 2016. Kwaiser has been with the firm for 19 years, most recently serving as Regional Managing Principal for Rehmann's offices in Saginaw, Lansing, Midland and Cheboygan. "Stacie has demonstrated that she is a true leader – someone who understands what it takes to help us continue exceeding expectations for clients and associates," said Rehmann CEO Randy Rupp. "I'm very excited to see the great things she'll do as our COO...

Rehmann Principal Andy Rose, CPA, CGMA has relocated to the Firm’s Lansing office from Saginaw. Rose leads Rehmann’s Commercial Industry Group, which includes the firm’s construction, real estate and dealership teams. He currently heads efforts to inform and support clients on tangible property regulation changes as well as revenue recognition issues. “I’m very excited about being able to continue integrating Rehmann’s key services for clients in the Greater Lansing area,” Rose said...

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