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Tips and News from GK & Co.
The following articles and press releases have been developed by Groen, Kluka & Company and GK & Co. Financial Services, LLC as a service to clients, referral sources, media professionals and site visitors. These articles represent timely financial management issues that can help you better care for your finances. If you have any questions about these articles, or are a media professional who would like more information, please call Kevin J. Delaere, CPA/PFS, CFP(r) at 248-362-5000.
Tips
- Beware of "Fishy" Tax Return Notices
- The IRS is warning that phishing schemes are common and dangerous.
- Eligibility Guidelines for COBRA
- There are several qualifying events for both spouses and children you should be aware of.
- Getting a Filing Extension Will Be Easier
- It will soon be easier for taxpayers to obtain extensions for their 2005 tax returns
- Prepare for New Indexing in 2006
- Indexing Issues in 2006...
- What small to midsized business should know about employee health coverage
- the Small Employer Health Market Reform Act would establish uniform rating rules that all insurers in the state would abide by, thus spreading risk more evenly among insurers and stabilizing rates for small businesses in Michigan.
- Surprise! You're Too Young to Retire
- In a recent survey, 80% of American workers either incorrectly guessed or didn't know their eligibility age for full Social Security retirement benefits. Do you know yours?
- The $10 will soon be changing
- Check out the look of the new $10 in early 2006. Also what's on store for the $5 bill?
- Health Savings Accounts Can Save You Money
- The recently passed 2003 Health Savings Act contains important provisions that create private tax-free accounts that individuals can use to save for their health costs.
- Money doesn't grow on trees, but it could be hidden in the walls
- What would you say if someone offered you a dollar in exchange for a dime? To the skeptic, that statement would sound too good to be true.
News
2008
- 2/13 - Business Incentives in the Economic Stimulus Act of 2008
- Business Incentives in the Economic Stimulus Act of 2008
- 2/13 - President Bush Signs The Economic Stimulus Act of 2008
- President Bush Signs The Economic Stimulus Act of 2008
- 1/16 - Role Reversal-Adult Children & Their Parents
- When Adult Children Should Talk to Parents About Money
2007
- 12/27 - 2007 AMT Exemption Increased
- AMT Patched passed by Congress and signed by the President.
- 12/14 - Fed Cuts Rates
- Economic news mixed
- 12/1 - Protect your Company Against Fraud
- There are a number of ways you can reduce the chance of risk in your business. And Groen, Kluka & Co. can help.
- 11/20 - Don't Delay in Finalizing Your Estate Plan
- The tex benefits of an estate plan make it a practical subject for many taxpayers
2006
- 6/5 - A Recap of the Tax Increase Prevention and Reconciliation Act
- Investments and capital gain rates, the alternative minimum tax and the "Kiddie" tax are all affected.
- 6/1 - Kluka Recognized for Community Service
- Kluka recognized for many years of volunteer service by Farmington Youth Assistance
- 4/10 - Plan ahead for college education costs
- Pay for the college costs of your children or grandchildren and simultaneously trim your tax bill.
- 4/8 - Take Advantage of Section 179
- Depreciation allowance for equipment provides significant tax breaks
- 3/22 - Investing for Life Stages
- Personal investing is a process and should be revisited each year as your life changes.
- 2/27 - The AMT is not just for the wealthy
- Also known as the Stealth Tax, the alternative minimum tax is affecting more middle-income American taxpayers.
- 2/21 - Two more GK & Co. Shareholders Earn CFE Designation
- Groen, Kluka & Company now positioned as one of the leading providers of fraud examination services in Southeastern Michigan.
- 2/15 - Hollister Certified in Managerial Accounting
- This CMA Designation Further Increases the Level of Services Provided to GK & Co. Clients.
- 2/13 - Secured Server Gives Clients Safe Access to Tax Returns
- This feature gives Groen, Kluka & Company a client-friendly competitive advantage.
- 2/2 - Small Business Tax Filing Burden Eased
- Form 944 replaces Form 941 and filing regulations for some will be reduced from quarterly to annually.
- 1/20 - Groen, Kluka & Company, P.C. Names Four New Shareholders
- Papas, Delaere, Scheuring and Barnes Named Partners
- 1/18 - Changes to your 2006 Tax Return
- There are a few new changes to your 2006 tax bill you should be aware of...
- 1/8 - Section 199 Tax Breaks affect Manufacturers and other Industries
- Section 199 will have an impact on a wide range of sole proprietors, partnerships and LLCs.
- 1/6 - 2006 Mileage Rate Allowance Change
- 44.5 cents per mile is the new figure until further notice.
2005
- 12/20 - Here are 2006's Important Tax Dates
- IRS Tax Deadlines for 2006...
- 12/8 - Planning now for your 2006 tax season
- Planning for possible alternative minimum taxes and best managing your S-Corporation are two examples of tax planning in advance that Groen, Kluka & Co. can assist you with.
- 12/5 - Fraud Examination Added as a New GK & Co. Service
- Groen, Kluka & Company Adds Fraud Examination to Its Service Offering
- 12/2 - Maximum Allowable 401(k) Contributions Change
- Tax Credits and Deductions both Added and Subtracted for 2006
- 12/1 - 2006 changes in standard deduction, personal exemptions
- 2006 Tax Changes are on the Way
- 1/11 - IRS Announces Pension Plan Limitations for 2006
- See how your annual qualified plan limits have changed from 2005 to 2006.
2004
- 8/19 - Groen, Kluka & Company’s William Barnes Earns CDFA Certification
- William (Bill) Barnes, CPA, CFPTM, MST has recently completed a specialized educational program in professional divorce planning and as a result is now a Certified Divorce Financial Analyst (CDFA).
- 8/19 - Paying For College Costs: The Coverdell Education Savings Account vs. The 529 Savings Plan
- To most parents, saving for their children’s higher education costs can seem like a daunting task, which makes planning all the more critical.
- 4/27 - Trusts are not just for the Wealthy!
- Contrary to what many people think, trusts are not reserved for the wealthy. The truth is, people from all walks of life may benefit from a trust. What Is a Trust?
- 3/1 - Election Year Brings Many Financial Management Issues to the Forefront
- The Federal deficit is at $407 billion and the total gross Federal debt outstanding is about $7.5 trillion dollars and rising. These numbers sound big, and in many contexts they are, while in others they are not.
- 2/10 - GK & Co. Financial Services, LLC Comments on the Market's Current Status
- We're in a boom, so now what? Look around and it's hard not to find good news about the economy. The year-end numbers are still coming in but the information we already have from 2003 is positive.
- 1/23 - Groen, Kluka & Company, P.C. Reminds You of Personal Tax Law Changes for Your 2003 Tax Return
- To remind all Michigan residents of tax cuts that affect them as part of the 2003 Jobs and Growth Act signed into law by President George Bush.
- 1/12 - Groen, Kluka & Company's Zann Earns "Certified Valuation Analyst (CVA)" Designation
- James C. Zann, CPA, CVA has received the "Certified Valuation Analyst" designation through the National Association of Certified Valuation Analysts.
- 1/12 - Top Two Problems Faced by Tax Payers Identified by Groen, Kluka & Company, P.C.
- The top two problems facing taxpayers today are the Alternative Minimum Tax (AMT) and sole proprietor tax noncompliance
- 1/7 - Groen, Kluka & Co. Announces the Rollout of its Wealth Management Group
- This alliance provides access to a broad range of traditional financial services as well as the ability to work with some of the most respected money managers and insurance providers in the nation.