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.
The 2025 SALT deduction cap increase might save you substantial taxes
If you pay more than $10,000 in state and local taxes (SALT), such as property tax and state income tax, a 2025 tax law change could significantly reduce your federal income tax liability. For 2018–2024, the SALT itemized deduction was limited to $10,000. For 2025, you can deduct up to $40,000. But the deduction drops by 30% of the amount by which modified adjusted gross income (MAGI) exceeds $500,000; when MAGI reaches $600,000, the $10,000 cap applies. (Be aware that lower limits and thresholds apply to married taxpayers filing separately.) To maximize your deduction, you may want to take steps to keep your MAGI under the reduction threshold or accelerate property tax payments into 2025. ... See MoreSee Less
Should your business maximize deductions for real estate improvements now or spread them out?
Have you made improvements to business real estate? You may be eligible for tax breaks for qualified improvement property (QIP). QIP includes any improvement to an interior portion of a nonresidential building that’s placed in service after the date the building was placed in service. QIP can be depreciated over 15 years (rather than 39). It’s also eligible for bonus depreciation and Sec. 179 expensing, which have been enhanced for 2025 and beyond. While maximizing first-year depreciation can be beneficial, sometimes spreading out depreciation deductions over multiple years can be better, such as if you’re in a higher tax bracket in the future. We can help you determine what’s best for you. ... See MoreSee Less
Boost your tax savings by donating appreciated stock instead of cash
Are you charitably inclined and looking for a powerful year-end tax-saving strategy? Consider donating appreciated publicly traded stock you’ve held more than one year to a qualified charity. You may be able to enjoy two tax benefits: First, if you itemize deductions, you can claim a charitable deduction equal to the stock’s fair market value. Second, you won’t be subject to the capital gains tax you’d owe if you sold the stock. Donating appreciated stock can be especially beneficial if you’re facing the 3.8% net investment income tax or the top 20% long-term capital gains rate this year. To learn more about minimizing capital gains tax or maximizing charitable deductions, contact us today. ... See MoreSee Less