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Meet our 2017 Interns – Josh Kukla

  Interns complete the Circle of Tax Season, and we’d like to introduce ours! Meet Josh Kukla: “I am 19 years old and attending Davenport University.  This is my second year in college, but I am finishing my bachelor degree in three years, so I am technically a junior this year.  I am going...

for my Bachelors in Accounting right now and trying to figure out what path I would like to take for my Master’s program.  A cool fact about me is during my Junior year of high school (2014) I was Division 1, Singles, State Champion Bowler.  I have also bowled three 300 games.”

HIRING: Bookkeeper (Full-Time)

Our team continues to grow!  Progressive CPA firm in Downtown Grand Rapids, Michigan, seeking to add a self-motivated Bookkeeper with a minimum of five years’ experience to our team. The right team-member will have a minimum Associate’s Degree in Accounting and prior experience in a public accounting firm, along with the following skills and...

experience: Experience with financial statement prep and analysis Experience in general ledger maintenance and journal entries, account reconciliation, and fixed asset maintenance Experience with basic tax concepts Experience with preparing payroll and all applicable tax returns Proficiency with QuickBooks and Microsoft Office products Ability to quickly learn other software applications Effective oral and written communication You... [read more]

GRBJ Highlight: The presidential candidates and their tax policies

Tax policy is becoming one of the major issues of the 2016 presidential campaign. How will the upcoming election impact your personal tax situation? Here is a summation of each candidate’s business, individual and estate tax proposals. This is not an endorsement of either candidate; rather, it’s an overview of their platforms as they...

pertain to taxes. Hillary Clinton Cut taxes for small businesses by expanding Section 179 expensing, increase the number of businesses that are eligible for cash basis accounting, quadruple the size of the startup deduction from $5,000 to $20,000, create a small business “standard deduction,” and expand the Affordable Care Act credit for small businesses. Enact business... [read more]

GRBJ Highlight: Is it a business or a hobby?

Is your “business” not really a business, but just a hobby in the eyes of the IRS? At what point is the work you perform deemed to constitute a “business” on your tax returns? It depends, but I can assure you that you would rather have the IRS treat your activity as a business...

and not hobby. An individual conducting an activity as a for-profit business is allowed to deduct expenses that are ordinary and necessary in carrying on the trade or business. If expenses exceed income, the loss is deductible against other forms of income, such as wages, interest, dividends, etc. If the loss is attributable to an activity... [read more]

3rd Annual Charity Outing: Huge Success

Nothing but rain clouds in the sky until the 21 golf teams of our third annual charity golf outing started arriving to Boulder Creek Golf Club in Belmont, MI on August 25th to play 18 holes in support of The First Tee of West Michigan. After two successful outings in the previous years, hosting...

another event was a no brainer. So why The First Tee? Kids + Community + Golf = a perfect fit!  The mission of The First Tee of West Michigan is simple: “To impact the lives of young people by providing educational programs that build character, instill life-enhancing values and promote healthy choices through the game of... [read more]

GRBJ Highlight: The rescission doctrine is a real-life do-over

Have you ever made a business decision and later wished you hadn’t? Do you wish you could go back and change it? Similar to a mulligan in golf, the IRS has a do-over option for you. Under a rescission doctrine, both the company and the IRS are able to undo transactions as though they...

never occurred. There are a variety of different instances that might make you want to rescind your legal documents. Termination of an S-corporation, conversion of an LLC into a corporation, sale of property, approval of stock transfers, or sale of a business are all examples of appropriate circumstances where rescission doctrines could be used. If any... [read more]

GRBJ Highlight: Hot-button tax issues straight from Washington

I recently had the opportunity to attend a national real estate and partnership tax conference in Washington, D.C. Snoozefest, right? Maybe for you, but it was a great chance for me to hear from the foremost leaders in the field. One of the sessions was a legislative outlook for real estate. The panel consisted...

of a D.C. tax think tank senior vice president and a true Washington insider who has written various Department of Treasury regulations and is currently working for a prominent U.S. senator. The first item they discussed was regarding the state of taxation in the current Congress. They stated that the U.S. Senate breaks on July 15... [read more]

Join us for the 3rd annual charity golf outing!

Proceeds Benefit: The First Tee of West Michigan Date: August 25th, 2016 Location: Boulder Creek Golf Club Event Schedule: 10am registration, 11am shotgun start Registration request by July 29th 2016 For registration and sponsorship information, download the registration form here Questions? Contact Tiffany Taft: 616-458-1835/  

Steve Struck Promoted to Partner

Growing up in New Jersey, Steven Struck has traded fist pumping “down the shore” for family vacations at the lake. He’s come a long way since beginning his career in accounting. Steve started off his undergraduate studies at Calvin College as a psychology major not knowing which direction he wanted to go. Combining his...

love for helping others with a few business classes and a career placement exam, Steve found his passion in accounting. Anyone who knows Steve knows he loves working with people. He began his career at a large firm and gained a great deal of experience, but he found himself working less with clients which is what... [read more]

GRBJ Highlight: Estate Planning 101

Our firm recently had the privilege of sponsoring an estate planning seminar at the Grand Rapids Community Foundation. The seminar consisted of a panel of three leading Grand Rapids estate planning attorneys discussing key components of estate planning and illustrating its importance with case studies. Overall, it was a very well attended and extremely...

informative event. I trust those who attended left with lots of valuable information. For those of you who could not attend, here is a quick synopsis of estate planning and why it should matter to you. What is estate planning? Estate planning is the process of deciding how you want to have your assets transferred after... [read more]

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