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.
What the new tax law could mean for you
President Trump signed the One, Big, Beautiful Bill Act (OBBBA) into law on July 4. Here are some of the favorable changes that may affect you and your family. Starting in 2025, the child tax credit rises to $2,200 per qualifying child under 17 (up from $2,000). The deduction limit for state and local taxes (SALT) for 2025 is increased to $40,000. For 2026, the deduction limit rises to $40,400 and increases by one percent over the previous year’s amount in 2027–2029. The SALT deduction limit will return to $10,000 in 2030. The deduction is phased out for higher-income taxpayers. These are just a couple provisions in the massive new law. Contact us if you have questions about your situation. ... See MoreSee Less
Significant business tax provisions in the One, Big, Beautiful Bill Act
The One, Big, Beautiful Bill Act was enacted on July 4. The new law includes favorable changes for business taxpayers. For example, it permanently restores the 100% first-year depreciation deduction for eligible assets acquired after Jan. 19, 2025. This is up from the previous 40% bonus depreciation rate. The law also allows taxpayers to immediately deduct eligible domestic research and experimental expenses paid or incurred beginning in 2025. Before the law was enacted, those expenses had to be amortized over five years. Eligible small businesses can generally apply the new immediate deduction rule retroactively to 2022. Contact us to learn more about how the law applies in your situation. ... See MoreSee Less
Understanding spousal IRAs: A smart retirement strategy for couples
Retirement planning can be especially critical for couples where one spouse doesn’t work outside the home. In such cases, a spousal IRA can be an effective tool. An IRA contribution is generally only allowed if you earn compensation. But an exception exists. A spousal IRA allows a contribution for a spouse who doesn’t work outside the home. For 2025, an eligible couple can contribute $7,000 to an IRA for each spouse ($8,000 if the spouse will be 50 by the end of the year). However, if the working spouse is an active participant in an employer retirement plan, a deductible contribution can be made to the nonparticipant spouse’s IRA only if the couple’s income is under a certain threshold. ... See MoreSee Less