The IRS has provided four examples of the interaction of the new limit on the deduction on state and local taxes (SALT) under Code Sec. 164(b)(6) with the tax benefit rule for refunds under&...
The tax credit for new qualified plug-in electric drive motor vehicles sold by General Motors, LLC, will begin to phase out April 1, 2019. The credit begins to phase out in the second calendar quarter...
The IRS has provided the adjustments to the limitation on foreign housing expenses for specific locations for tax year 2019. Generally, a qualified individual whose entire tax year is within the appli...
The IRS has provided a waiver for any individual who, for the 2018 tax year, failed to meet the eligibility requirements of Code Sec. 911(d)(1) due to war, civil unrest, or similar adverse c...
As part of its ongoing security review, the IRS is revising the application process for obtaining an employer identification number (EIN). Starting May 13, 2019, only individuals with social security ...
The IRS has published the nonconventional source fuel reference price for calendar year 2018. The credit period for the nonconventional source production credit under Code Sec. 45K ended on ...
The Michigan Department of Treasury has issued a press release warning personal income taxpayers about a scam in which scammers attempt to collect past-due tax debts with fake letters. Taxpayers are s...
Schlaupitz & Madhavan, P.C. was founded in 2003 to bring the combined services of local public accounting, higher level business planning and financial advisory services to owners of privately held businesses, boards of non-profit organizations, and individuals who need a higher level of assistance to manage their business and financial interests.
We work with privately held businesses and non-profit organizations from start-up and early growth through mature phases including succession planning. We also provide assistance to financially distressed businesses. Our traditional services include independent audit, review and compilation reports, strategic business planning, tax preparation and planning, and accounting support services including payroll. We offer valuable analyses, counsel and other services in order to:
• Clarify business and personal goals
• Prepare business plans, financial models, and tax strategies that address those goals
• Install appropriate accounting methods and sharp financial management practices
• Evaluate business results, identify opportunities and solve problems
• Fulfill interim management needs of CEO, CFO or Controller
Schlaupitz & Madhavan brings to your business a complementary team of specialists in accounting and tax along with highly educated professionals with extensive experience in industry. Our team has the technical experience you need and the practical real work experience to help you achieve your goals! Our area of expertise includes:
- Real Estate
- Medical Practices & Practitioners
- Legal Practices
- Service Industries
- Estates and Trusts
- Nonprofit Organizations
We view every client relationship like a partnership, and truly believe that our success is a result of your success. We are committed to providing close, personal attention to our clients.
We have conveniently located offices in Troy, MI and Ann Arbor, MI to serve your needs.