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Thursday, 30 January 2014

January 2014 Risk Report

Written by Rehmann Team

Rehmann Corporate Investigative Services (RCIS) compiles Risk Report to help raise your awareness of the risks facing you and your company today – from fraud to malware and more. If you would like to learn more about protecting yourself against these threats, we can help: call us today at 248.267.8445...

Wednesday, 29 January 2014

Is the Glass Half Full When it Comes to Unemployment? Or is it Half Empty?

Written by Peak Advisor Alliance

You're probably familiar with that famous saying about the three types of lies: there are lies, damned lies and statistics. When trying to parse the implications of economic data from government and non-government organizations, the myriad of ways in which statistics can be sliced and diced quickly becomes apparent. December's jobs report, which was released last week, is a prime example. The unemployment rate fell from 7...

Published in Wealth Management

Weakness in the housing market has led to an increase in the number of vacant, abandoned and foreclosed residential properties, which in turn has increased the potential for banks to report higher levels of other real estate owned (OREO). Since OREO consists of real property held by a bank for reasons other than to conduct its business, it not only brings different operational risks associated with managing real estate versus an impaired loan, but also could signal deteriorating credit (due to a growing level of non-earning assets). As a result, loan reclassification and presentation as OREO can have a significant impact on the bank's financial statement. Recently at issue was the question of when a bank should be considered to have taken physical possession of a real estate property collateralizing a loan, and when the loan should be re-classified...

Thursday, 23 January 2014

The Markets

Written by Peak Advisor Alliance

Last week, we learned from CNBC China's annual trade was more than $4 trillion in 2013. That pushed the PRC ahead of the United States and gave it standing as the world's biggest trader. According to The New York Times, China's annual trade surplus, in U.S...

Published in International
Wednesday, 22 January 2014

The Frugal Habits of Millionaires

Written by Forefield Inc.

The word "millionaire" typically conjures up images of a lavish, jet-setting lifestyle, but behind the scenes, that may not always be the case. Like Warren Buffett, who famously still lives in the relatively modest house in Omaha, Nebraska, that he bought in 1958 for $31,500, many millionaires (and billionaires) live a modest, if not downright frugal lifestyle--a lifestyle that may have helped them become millionaires in the first place. We've all heard the saying "It takes money to make money." So how can you find extra dollars to save and invest?..

Published in Wealth Management
Tuesday, 21 January 2014

Total tax insights calculator

Written by The Rehmann Team

The American Institute of CPAs (AICPA) has revealed its Total Tax Insights calculator. The calculator has been updated to help individuals determine the impact of 20 different tax burdens applicable in 2013, including: Changes to the federal tax rates The Medicare surtax State and local taxes for expenses including cable, cells phones, gasoline and other expenses To use the calculator, enter basic information including your county or city, marital status and adjusted gross income. To get the best picture of your overall tax burden, be as comprehensive as you can -- include all expenses such as electricity, groceries and gasoline. Once you finish entering your data, you will be able to see your estimate tax liability...

Published in Tax
Tuesday, 21 January 2014

Market Outlook - January 2014

Written by Rehmann Team

Economic The U.S. unemployment rate improved, declining to 7.0 percent from 7...

Published in Wealth Management
Thursday, 16 January 2014

Not-for-Profit Industry Update - January 2014

Written by Rehmann Team

A number of trends in not-for-profit will continue to make their mark in 2014. Rehmann has taken a look at some these trends and is pleased to start off your new year with an update on the accounting and tax topics impacting the industry.ContentsAccounting UpdateFederal Awards UpdateYear-End Tax Filing Requirements Accounting Update Accounting Standards UpdateThe ASU 2013-12 update revises the definition of a public business entity to include five criteria. The types of business entities that are excluded from the scope of the Private Company Decision-Making Framework are not-for-profit entities and employee benefit plans...

Published in Not-for-Profit
Thursday, 16 January 2014

Ten Practice Pitfalls to Avoid

Written by Rehmann Team

As featured in The Journal of the Michigan Dental Association. When you first dreamed of becoming a dentist, your focus was on acquiring the skills to become a top-notch practitioner and helping your patients improve their dental health and smiles. But all dentists put on two hats the minute they buy a practice: professional clinician and business owner. Dentists who don’t devote enough consideration to the latter may find themselves barely earning a living and putting their financial future in peril...

Published in Dental
Wednesday, 15 January 2014

Higher Education Industry Update - January 2014

Written by Rehmann Team

A number of trends in higher education will continue to make their mark in 2014. Rehmann has taken a look at some these trends and is pleased to start off your new year with an update on the accounting and tax topics impacting the industry.ContentsTopics and Trends to Watch Accounting UpdateFederal Awards UpdateYear-End Tax Filing Requirements Topics and Trends to Watch As we surveyed the higher education landscape both in the year(s) just past and those that lie ahead, certain trends and news items appeared more notable than others. They include: Enrollment decreasesContinual increasing enrollment in 2007–2012 came to a halt in the spring of 2013 with an average 2...

Published in Higher Education
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