Blog posts from: 2017
SR Team Gives Back
The team at ShindelRock was delighted to make the Christmas of one deserving local family just a little merrier this year by collecting over $1,000 towards gifts for six young children and their mother. Happy holidays and happy 2018...
Guest Author Joseph J. Lezotte, CFP®, AIF®: Is a qualified charitable distribution right for you?
If you’re a charitably-minded individual at an age that requires you to take a required minimum distribution from your IRA and you don’t need the full amount to support you, a qualified charitable distribution (QCD) may be a good option....
ShindelRock hosts Gleaners Community Food Bank drive with clients and friends next week
ShindelRock will host a food drive for Gleaners Community Food Bank the week of November 13-17 and we're inviting all of our clients and friends to join in! Simply drop of a non-perishable food donation to the ShindelRock offices anytime...
Monitoring fraud risks in the supply chain
Supply chain professionals face significant challenges with fraud, waste, and abuse; however, not all companies have measures in place to detect or prevent these issues. Key strategies to mitigate risks include meticulous tracking of labor unit data to prevent fraudulent...
Shared services benefits for CPAs
Client needs have become increasingly complex over the years and with this comes new opportunities for accounting firms to evaluate how they might increase the services they are able to offer clients without adding overhead or resources in-house. A solution...
Back to school means giving back at ShindelRock
The ShindelRock staff came together to make sure 33 4th graders at Munger Elementary – Middle School in Detroit were ready for their big day today! Each student received a everything they might need to start the year off right,...
Fraud controls may be lacking at smaller organizations
Small organizations, defined as those with fewer than 100 employees, lag significantly behind larger counterparts in adopting formal anti-fraud measures, as revealed by a global survey conducted by the Association of Certified Fraud Examiners (ACFE). Industries most susceptible to fraud...
Are your business assets vulnerable to theft?
Employee dishonesty, particularly when individuals have excessive control over cash and accounting functions simultaneously, poses the greatest risk of theft and fraud. By implementing fundamental internal controls and maintaining vigilant oversight of accounting procedures, business owners can reduce opportunities for...
Changes to partnership audit procedures may prompt the need for review
Congress recently enacted significant changes to partnership audit and adjustment rules, expected to lead to higher audit rates for partnerships. Partners should carefully review and possibly revise their partnership's operating agreement in response to these changes. While these rules generally...
Failure to substantiate charitable contributions could cost you
Substantiation requirements for charitable contributions vary depending on the size and nature of the donations—and taxpayers should be prepared with adequate documentation. While a recent article in Forbes pokes fun at substantiating charitable contributions, it reminds us that the IRS...