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www.schultz-cpa.com Tag

 

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…

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…

CPA Firm Tax Tip

24 Apr, by Jschultz in Tax

    CPA Firm Tax Tip Recently I ran into a mess when our CPA firm was called to assist with a trust issue. It was in regards to a decedents grantor trust. The beneficiaries of the trust were mostly minor children and according to…

#taxesarehard

23 Apr, by Jschultz in Tax

  There are a lot of good things happening at our Firm and one of them is my commitment to figuring out what a hash tag is by year end.  That being said, we have purchased the domain www.taxesarehard.com and are now using the hash…

Tax Season Recap

22 Apr, by Jschultz in Accounting, Tax, Tax-Preparation

  The 2014 filing season is over as I write on Earth Day 2014 this tax season recap.  I have some optimism from the season which saw small business owners seeing increased revenue, employee’s receiving cash and stock bonuses and clients starts to put more…

Statutory Employee

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

Statutory Employees are essentially independent contractors. It is mostly at the convince of the contractor that an vendor decides to treat them as a statutory employee. They are not common law employees. The are not eligible for benefits. This classification is available to certain drivers…

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…