Blog posts from: 2016
ShindelRock’s Maria Montie participates in The Field event
Banking and accounting experts Kyle Sasena of Level One Bank, Maria Montie of ShindelRock Accounting, and Amanda Gavalier of Momentum Bookkeeping participated in a round table style conversation for The Field, Detroit's new nonprofit trade organization formed to provide a platform...
Getting retirement benefits abroad: What you need to know
If you plan on retiring overseas, it may still be possible to receive your retirement benefits while living abroad. Here's what the Social Security website advises: If you’ve worked in both the United States and another country, it may be possible...
Guest Author Harry Glanz: How to avoid the most common mortgage mistakes
The most common mistake people make is NOT having a complete plan in place before shopping for a new home. A thorough plan is needed for goals and objectives. Having an effective plan in place entails sitting down with clients...
The many ways scammers can get their hands on your money
Scams often share key traits that can help you spot them and protect yourself: 1. **Guaranteed Returns**: Scams promise high profits with little or no risk. 2. **Unrealistic Claims**: They offer extraordinary returns through supposed special expertise or systems. 3....
See and hear ShindelRock’s Steve Rock and Monica Silwanowicz on the radio!
Steve Rock and Monica Silwanowicz were special guests on 97.1 The Ticket for the Hardcore Mortgage show on Saturday--they did a great job! Click here for an audio recording of the show.
Where do my sales need to be in order for my company to breakeven?
A common question among business owners is how to determine the "breakeven point," which is the level of sales needed to cover all company expenses. To calculate this, you need to break down expenses into three categories: (1) Cost of...
IRS provides guidance on using QTIP elections for reducing estate taxes
The IRS has released new procedures that help a taxpayer make the decision on whether to opt for a qualified terminable interest property (QTIP) election to reduce estate taxes. In Rev. Proc. 2016-49, the IRS removed a prohibition on utilizing a...
Bringing analytics to life
In the digital age, analytics have become crucial for business decision-making due to the vast amount of data available. Finance professionals must understand and leverage analytics to unlock the potential of Big Data, especially in areas like accounts receivable (AR)....
Financial record keeping for small businesses: What to keep and for how long
Maintaining organized and current financial records is crucial for any business, including small ones. Proper record-keeping aids in preparing financial statements, tax returns, and tracking business growth while optimizing returns. Here's a guide to what documents to keep and for...
Choice of entity considerations: LLC or Corporation?
Are you deciding whether to form your company as an LLC or a corporation? Here are some key considerations to guide your choice: Liability Protection: LLCs might offer stronger protection than corporations. Although courts generally apply similar standards for both...