Welcome to Seber Tans, PLC
Choosing the right accounting firm is one of the most important business decisions you will make. Any firm can add up the numbers and tell you where you’ve been, but Seber Tans will help you focus on where you want to go. In Southwest Michigan, the firm that unites professional expertise with creativity and vision is Seber Tans. With a team of experienced professionals on our staff, we can provide the capabilities of a large national organization, plus the personal attention of an independent firm. Clients choose us because we offer much more than off-the-shelf solutions. We will listen, ask questions, and learn all we can about your current situation. From that input, we’ll find creative solutions to help you focus on your opportunities rather than your obstacles. Join us and see why our clients trust us for their accounting, tax, and business advising needs.
Watch out for “income in respect of a decedent” issues when receiving an inheritance
Most people appreciate inheritances. But in some cases, they may turn out to be too good to be true. “Income in respect of a decedent” (IRD) may create a surprise tax bill for those inheriting certain types of property. Fortunately, there may be ways to minimize the IRD tax bite. For the most part, property you inherit isn’t included in your income for tax purposes. Items that are IRD, however, do have to be included, although you may also be entitled to a deduction on account of them. One common IRD item is the decedent’s last paycheck, received after death. Other common IRD items include pension benefits and amounts in a decedent’s IRA at death. Contact us if you have questions. ... See MoreSee Less
When businesses may want to take a contrary approach with income and deductions
In general, businesses want to delay taxable income into future years and accelerate deductions into the current year. But they sometimes want to do the opposite. One reason might be future tax law changes that will raise tax rates. Another reason may be because you expect a pass-through entity to pay taxes at higher rates in the future. There are ways to accelerate income into the current year and delay deductions to later years. For example, sell appreciated assets that have capital gains this year rather than waiting until a future year. Or depreciate assets over several years rather than claiming big first-year Section 179 deductions or bonus depreciation deductions. Contact us for help. ... See MoreSee Less
Another tax season under our collective belts! It was a fun evening, finally able to relax and enjoy good food, conversation and laughs with staff and family at The University Roadhouse at our “after tax season” party on April 15th. Thank you to our partners for providing this opportunity to celebrate, and thanks to the amazing crew at the Roadhouse for another year of great food and service! ... See MoreSee Less