FINRA's BrokerCheck

News + Events

It has been a tumultuous time since June for dental labs and dentists in regard to Michigan’s sales and use tax treatment of dental prostheses, but certainty appears to be on the horizon. As you likely recall, in mid-June, the Michigan Department of Treasury unexpectedly, and informally, announced that effective July 1, 2017, dental labs were to charge sales tax to dentists on sales of dental prostheses (bridges, crowns, dentures, etc.), but the labs would then be able to buy their materials and equipment tax-exempt for industrial processing. This was a change from Treasury’s long-standing interpretation of the law as saying that labs were providing a service to dentists and thus should not charge sales tax, but instead should pay sales/use tax on their purchase of materials and equipment...

Monday, 04 December 2017

Senate passes tax reform bill

Early Saturday morning, Republicans passed – by a thin margin – the Senate’s version of tax reform. Although this is a significant step forward towards actual legislation, the House and Senate still must reconcile their differences before a bill can be sent to President Trump for signature into law. With all that in mind, below are a few ideas to consider during year-end tax planning: Lower Individual Tax Rates Depending on an individual’s annual income and which rates the House and Senate agree on, there is a good chance many taxpayers may end up paying a lower tax rate in 2018. Consider, when possible, deferring bonuses and other items of income...

The Social Security Administration (SSA) has announced a correction to the wage base for 2018. The maximum amount of earnings subject to Social Security tax for 2018 has been reduced to $128,400, down from the previous $128,700 announced on Oct. 13, 2017. The Medicare tax rate for 2018 will remain at 1...

With services like Airbnb on the rise, property owners often rent their space when they’re away. But there’s more to renting than making extra cash – there are guidelines to consider. On Nov. 28, 2017, the Michigan Court of Appeals published a case (Rentschler v...

House Republican leaders released their highly anticipated Tax Cuts and Jobs Act, detailing sweeping changes to the corporate and individual tax systems. Here are the policy highlights: Individuals: Individual tax rates collapse into four brackets at 12 percent, 25 percent, 35 percent and 39.6 percent; the highest tax bracket will remain at 39.6 percent, with the income threshold at $1 million for married couples, $500,000 for individuals...

WASHINGTON – The Internal Revenue Service today alerted tax professionals and their clients to a fake insurance tax form scam that is being used to access annuity and life insurance accounts. Cybercriminals currently are combining several tactics to create a complex scheme through which both tax professionals and taxpayers have been victimized. There may be variations but here’s how one scam works: The cybercriminal, impersonating a legitimate cloud-based storage provider, entices a tax professional with a phishing email. The tax professional, thinking they are interacting with the legitimate cloud-based storage provider, provides their email credentials including username and password...

The Disaster Tax Relief and Airport and Airway Extension Act signed on September 29, 2017 provides tax relief for taxpayers impacted by Hurricanes Harvey, Irma and Maria. One key provision in the bill allows companies located in areas deemed disaster zones to seek an employee retention credit to continue to pay their employees during the time their business was inoperable due to the hurricane. A business is considered inoperable, for example, if hurricane damage causes the business to be inaccessible to employees, raw materials, utilities or customers. Any employee whose place of employment was impacted by the hurricane is eligible for the credit...

Rehmann announced today that it has been included on the The National Association of Plan Advisors’ (NAPA) first-ever top defined contribution (DC) Advisor Firms list. Since its inception, NAPA’s various industry lists have been a valuable “Who’s Who” of who matters in the world of retirement plans and retirement plan advisors. The NAPA Top DC Advisor Firms list highlights the nation’s leading retirement plan advisors – and unlike other lists – focuses on individual offices, and on the DC practice specifically. To be considered, firms had to submit responses to an application form, including information about their practices, notably their DC assets under advisement...

Friday, 20 October 2017

Fall 2017 ACA Update

Over the course of 2017, there certainly has been a lot of talk about the Affordable Care Act (ACA) in Washington. As things currently stand, it looks like many of the provisions of the ACA are here to stay for the foreseeable future. But, with all this discussion, there have been some changes made by the Internal Revenue Service, Department of Labor, the U.S...

The Social Security Administration (SSA) has announced the social security wage base will increase in 2018. The maximum amount of wages in 2018 subject to the 6.2 percent Social Security tax (old age, survivor, and disability insurance) will rise from $127,200 to $128,700, resulting in a tax increase of $93. The SSA also announced Social Security and Supplemental Security Income (SSI) beneficiaries will receive a 2 percent cost-of-living adjustment (COLA) for 2018...

Page 9 of 32

Meet The Rehmann Team

Start typing a name ...
Searching for "{{nameQuery}}"...
Start typing a experience ...
Searching for "{{experienceQuery}}"...
Start typing a location ...
Searching for "{{locationQuery}}"...
Or view a list of team members