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.
Tax breaks in 2025 and how The One, Big, Beautiful Bill could change them
The U.S. House of Representatives passed The One, Big, Beautiful Bill in May, introducing possible significant changes to individual tax provisions. It’s now being considered by the Senate, which may make a number of changes. What’s in the bill? If enacted, there would be increases in the standard deduction and the Child Tax Credit. The state and local tax deduction cap would increase from $10,000 to $40,000 for those earning less than $500,000. The proposed law would also exempt tip income and overtime pay from federal income tax. But it would generally eliminate tax credits for new and used electric vehicles purchased after Dec. 31, 2025. Contact us with any questions about your situation. ... See MoreSee Less
5 tax breaks on the table: What business owners should know about the latest proposals
The One, Big, Beautiful Bill, which is currently being considered in Congress, could significantly reshape several business tax breaks. For example, the bonus depreciation deduction could change. Currently, businesses can deduct 40% of the cost of eligible new and used equipment in the year it’s placed in service (this will drop to 20% in 2026 and phase out entirely in 2027). The bill would restore 100% bonus depreciation retroactively for property acquired after Jan. 19, 2025, and extend it through 2029. Why it matters: A full deduction in the year of purchase allows for faster depreciation, freeing up cash flow. This could be especially beneficial for capital-intensive industries. ... See MoreSee Less
The advantages of a living trust for your estate plan
If you own substantial assets, you may want to consider setting up a living trust to bypass the probate process. Probate is a court-supervised procedure that ensures a deceased individual’s assets are distributed appropriately. However, it often involves complex legal steps, additional costs and public disclosure of your financial matters. A living trust can help you avoid these issues. From a federal income tax standpoint, a living trust is disregarded while you’re alive. The IRS treats the assets in the trust as if they’re still owned by you personally, meaning you must continue to report any income or deductions from those assets on your individual tax return. Contact us to learn more. ... See MoreSee Less