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.
Receive $10,000 in cash at your business? The IRS wants to know about it
If your business receives large amounts of cash or cash equivalents, you may be required to report the transactions to the IRS. Each person engaged in a trade or business who receives more than $10,000 in cash in one transaction, or in two or more related transactions, must file Form 8300. Transactions conducted in a 24-hour period are considered related. Cash equivalents include cashier’s checks, bank drafts, traveler’s checks and money orders. (Currently, digital asset receipts don’t have to be reported on Form 8300.) Many businesses are now required to e-file these forms. The rules apply to individuals, businesses, associations, trusts and estates. Contact us with questions. ... See MoreSee Less
Payroll tax implications of new tax breaks on tips and overtime
For 2025–2028, the One Big Beautiful Bill Act creates a new federal income tax deduction that can offset up to $25,000 of annual tip income. It begins to phase out when income is more than $150,000 ($300,000 for joint filers). The deduction is available if a worker receives tips in a job designated as one where tips are customary. However, the U.S. Treasury Dept. has released a draft list of occupations it proposes to receive the tax break and there are some surprising jobs on it, including plumbers, electricians, digital content creators and movers. Tips can be paid in cash, with credit cards or through tip-sharing arrangements. The deduction can be claimed even if a worker doesn’t itemize. ... See MoreSee Less
Run a business with your spouse? You may encounter unique tax issues
If you and your spouse operate an unincorporated small business, you face some unique tax issues. For example, an unincorporated spousal business is generally classified as a partnership for federal tax purposes. (However, in community property states, you can treat the business as a sole proprietorship.) As a partnership, you must file an annual partnership return and both spouses must receive Schedules K-1, which allocate taxable income, deductions and credits between the two. With your joint tax return, you must also pay self-employment (SE) tax on your share of the net SE income passed through to you by the partnership. Your spouse must do the same. Contact us for tax-saving strategies. ... See MoreSee Less