Residential Land Developers and the Completed Contract Method of Accounting

Under IRC Section 460(e), taxpayers that have large home construction contracts could defer taxable income until 95% of estimated costs have been incurred. ... read more >

A Few Reminders from the DOL on Appropriate Plan Operations

ERISA

By Patrick Kerns

Often, some of the most helpful tools can be hiding in plain sight! The United States Department of Labor has an informative Frequently Asked Questions ... read more >

Employer's Guide to the ACA Reporting Requirements: Affordable Care Act Whitepaper Now Available

Schneider Downs has released a detailed whitepaper, Employer’s Guide to the New ACA Reporting Standards. This whitepaper was developed to provide ... read more >

Danger! Additional Monitoring Ahead: The New Uniform Grant Guidance Category for Not-for-Profits

As not-for-profits wind down the current year and solidify planning for the upcoming year, there is a new category to add to your checklist, subrecipient ... read more >

FAST Act - Highway Funding is in Place for the Next Five Years

On December 4, 2015 President Obama signed the “Fixing America’s Surface Transportation Act” which was recently passed by the Senate ... read more >

IRS Increases De Minimis Safe Harbor Threshold

Tax

By Gary Sliman

The IRS issued Notice 2015-82 on November 24, 2015, stating that taxpayers without an applicable financial statement can elect to deduct purchases of tangible ... read more >

Advertising Check - Reaching Millennials

Auto dealerships budget and spend, on average, close to 1% of sales on advertising and other marketing efforts. It may not seem like a large expense, but ... read more >

Postcard from The Motor City

International

By Mary Richter

On November 12, I attended a reception in Detroit sponsored by the German American Chamber of Commerce of Midwest Michigan. The Key Note speaker was Mchigan ... read more >