FINRA's BrokerCheck

Tax

Wednesday, 13 December 2017

Ensuring your year-end donations are tax deductible

Written by Thomson Reuters

Many people make donations at the end of the year. To be deductible on your 2017 return, a charitable donation must be made by December 31, 2017. According to the IRS, a donation generally is “made” at the time of its “unconditional delivery.” But what does this mean?..

Tuesday, 21 November 2017

Property tax: A fixed expense?

Written by The Rehmann Team

Download a copy of this article   Many businesses categorize property taxes as an operational fixed expense. And although property taxes have the propensity to be time related, there is more to them than just a yearly due date. Did you know that you have the authority to challenge excessive property values and reduce the amount of your fixed expense? Here are a few tips to help you ensure you are paying the correct amount of property tax liability...

Friday, 17 November 2017

House Passes Tax Bill; Senate GOP Unveils Plan

Written by Wolters Kluwer

The House, on November 16, 2017 approved its sweeping tax reform package — the Tax Cuts and Jobs Act (HR 1) — by a vote of 227-205, moving the GOP one-step closer to achieving a signature legislative victory. The Senate is now in the process of preparing its own tax reform package which, if passed. would then need to be reconciled with the House bill before a final bill can be sent to the White House.  The briefing, "House Passes Tax Bill; Senate GOP Unveils Plan" is available here...

Thursday, 05 October 2017

3 strategies for handling estimated tax payments

Written by Thomson Reuters

In today’s economy, many individuals are self-employed. Others generate income from interest, rent or dividends. If these circumstances sound familiar, you might be at risk of penalties if you don’t pay enough tax during the year through estimated tax payments and withholding. Here are three strategies to help avoid underpayment penalties: Know the minimum payment rules...

Since the Michigan Supreme Court refused to hear LaBelle Management Inc.v Dept. of Treasury, (“LaBelle”), the Michigan Court of Appeals decision became final and binding precedent. Therefore, Michigan Department of Treasury (“Treasury”) issued a “Notice to Taxpayers Regarding LaBelle” on February 28, 2017...

Monday, 10 July 2017

Three Considerations for Michigan Unitary Taxation

Written by Michael Bannasch, CPA, MST

Although Michigan was late to the unitary taxation bandwagon, the issue is so complex, and sometimes so controversial, that there have been some growing pains in order to get the kinks worked out and get things running smoothly. There have been several major court cases, with the latest being LaBelle Management, Inc. v. Department of Treasury, in which the court opined on the meaning of indirect ownership for purposes of meeting the unitary group control test...

Wednesday, 28 June 2017

Must our plan cover a surrogate’s pregnancy expenses?

Written by Thomson Reuters

Question: Can our company’s major medical plan exclude coverage for the pregnancy and birth-related medical expenses of a participant who acts as a surrogate for someone else? Answer: Federal agencies haven’t yet issued specific guidance on this issue. But at least two legal hurdles may prohibit enforcement of an exclusion from coverage for the pregnancy and birth-related medical expenses of a participant acting as a surrogate: the Pregnancy Discrimination Act (PDA) and the Affordable Care Act (ACA). The PDA The Equal Employment Opportunity Commission interprets the PDA (which applies to most employers with 15 or more employees) as prohibiting employer-sponsored major medical plans from excluding coverage for pregnancy-related medical conditions...

Wednesday, 28 June 2017

Key ACA indexing adjustments for 2018 have been announced

Written by Thomson Reuters

The IRS has announced 2018 indexing adjustments for two key percentages under the Affordable Care Act (ACA). They are as follows: 1.Affordability. This is the required contribution percentage used to determine whether employer-sponsored health coverage offered by an applicable large employer (ALE) is “affordable” for purposes of employer shared responsibility...

Wednesday, 28 June 2017

Skiing the slalom of ACA and EEOC rules on wellness programs

Written by Thomson Reuters

Sometimes complying with federal regulations governing health care plans can be like skiing a slalom course. You have to weave through obstacles and be ready to make a tough decision at every twist and turn. Such is the case today for employers sponsoring wellness programs that feature certain design elements intended to maximize employee participation. Issue overview Years ago, the Affordable Care Act (ACA) codified parameters for the financial incentives you can offer employees to motivate them to take part in a wellness program...

Monday, 19 June 2017

IRS warns of new phone scam

Written by Thomson Reuters

The IRS has warned taxpayers of a new scam linked to the Electronic Federal Tax Payment System (EFTPS).The IRS reports the scam is being seen nationwide. In this scam, a con artist, claiming to be from the Service, says that certified letters were sent but were returned as undeliverable. The scammer threatens arrest if a payment is not made through a prepaid debit card...

Page 6 of 23

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