The IRS will waive the estimated tax penalty for any qualifying farmer or fisherman who files their 2018 federal income tax return and pays any tax due by Monday, April 15, 2019. The deadline is Wedne...
The nonpartisan Joint Committee on Taxation (JCT) on March 13 released a slideshow overview of the Code Sec. 199A deduction for qualified business income (QBI). The deduction was enacted und...
The IRS has updated its Frequently Asked Questions (FAQs) on FATCA (Foreign Account Tax Compliance Act) General Compliance.Updated Q/A #23 addresses whether a withholding agent can be subjec...
The IRS has acquiesced in result only in J.M Jacobs,148 TC No. 24, Dec. 60,947, relating to whether the taxpayer’s expenses for provision of pregame meals at away city hotels to profes...
The IRS has issued a Frequently Asked Question (FAQ) on Code Sec. 162(q). The FAQ addressed whether taxpayers are not allowed to deduct their attorney’s fees related to the settlement of a ...
The Michigan Department of Treasury has issued a press release informing personal income taxpayers that if their household income is $60,000 or less a year, they may be eligible for a homestead proper...
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.