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Tax Tag

 

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…




Personal Property Tax Michigan

10 Jul, by Jschultz in Business, Tax, Tax-Preparation

  Personal Property Taxes on Michigan Businesses  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. Current Michigan…




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…




Child Employed by Parents

25 Jun, by Jschultz in Tax, Tax-Preparation

   Child Employed by Parents If you are the owner of a small business that is taxed as a sole proprietor, or a partnership owned wholly by husband and wife, then your child may be exempt from paying FICA tax and FUTA for federal tax…




Dentist Tax Accounting

01 May, by Jschultz in Accounting, Tax

  Dentist Tax Accounting Schultz & Associates, CPA provides specialty dentist tax accounting services for practices in the metro Detroit area. Navigating the tax implications of P.C’s or PLC’s can be complicated. The Firm’s managing partner has been working with them for twenty years and…




Personal Property Tax

23 Feb, by Jschultz in Accounting, Business, Tax, Tax-Preparation

Personal Property Tax is in for a major change in Michigan starting in 2014.  Most businesses with small amounts of personal property will no longer be subject to the Michigan personal property tax.  In order to qualify you must submit an affidavit Form 5076 to…




US Savings Bonds

16 Feb, by Jschultz in Tax, Tax-Preparation

Schultz & Associates, CPA is a metro Detroit accounting, auditing and income tax preparation and advisory firm. If your in of income tax Royal Oak may not have the right local firm you are looking for. US. Savings Bonds can be a good way to…




Retirement Plans

12 Feb, by Jschultz in Accounting, Tax, Tax-Preparation

    Many employers like the idea of retirement plans for employees. When business owners look for complex tax planning opportunities, depending on the size of the company and the goals of the owners, they will some time consider deferred compensation plans.  These are considered…