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Accounting

 

Combine Two Columns in Excel

14 Feb, by Jschultz in Accounting, Life

Excel Tip of the Day: Combine Two Columns in Excel Recently our firm came to the realization that accountants are close to being experts at Excel. Accountants work with this software constantly.  We use it for forecasts, financial statements, ratio analysis, amortization schedule creation, and…




Health Coverage Tax Credit

24 Sep, by Jschultz in Accounting, Tax, Tax-Preparation

What is the Premium Tax Credit As part of the provisions of the Affordable Care Act some taxpayers will become eligible for the Premium Tax Credit when filing their 2014 individual income tax return. This is a refundable tax credit that is intended to offset…




Controlled Group Businesses

23 Sep, by Jschultz in Accounting, Business, Tax, Tax-Preparation, Uncategorized

 Your Controlled Group As companies grow often they choose to set up additional entities, purchase other companies or combine their operations with other businesses. These types of combinations can complicate issues with the IRS, the Department of Labor, The Fair Standards Labor Act, ERISA, and…




Repost – Michigan Taxes

18 Sep, by Jschultz in Accounting, Tax, Tax-Preparation

On the August 2014 Michigan ballot, voters will be asked to repeal the personal property tax. Rather than attempt to persuade you one way or another on the issue, I will provide you with some perspective. With the “Great Recession” coming to an end we…




Small Business Owner Problems

09 Jul, by Jschultz in Accounting, Business, Tax, Tax-Preparation

The Story A small business owner can in for a consultation. They felt they were unprofitable and were considering closing their doors.  The husband and wife owned the company jointly and relied on it for their sole source of income.  The company employed ten full…




Trusted Michigan Business Adviser

27 Jun, by Jschultz in Accounting, Business, Tax, Tax-Preparation

  Schultz & Associates CPA, PLC has been a trusted Michigan business adviser to its clients for more than a decade. We have worked with the self-employed, managers, business owners and entrepreneurs. It is important to know which we are working with before we begin…




Website Gross Profit

02 May, by Jschultz in Accounting, Tax-Preparation

    So are you trying to build your website retail presence.  First we need to do is run the numbers.  But we need to work backwards. First things first.  What is your average internet sale amount? For the sake of conversation let us assume…