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.
Changes to charitable donation deductions are on the horizon
Changes to charitable donation deductions are on the horizon. Beginning in 2026, if you itemize deductions, your otherwise allowable charitable deductions will be limited to the amount that exceeds 0.5% of your 2026 adjusted gross income. In addition, if you’ll be in the 37% income tax bracket, your tax benefit generally will be as if you were in the 35% bracket. If you’ll be affected, you may want to accelerate donations into 2025 and then bunch donations into alternating years. But if you claim the standard deduction, in 2026 you can potentially benefit from a new charitable deduction for nonitemizers of up to $1,000 ($2,000 for married couples filing jointly). Contact us to learn more. ... See MoreSee Less
Significant changes to information reporting go into effect for the 2026 tax year
If your business has employees or independent contractors, you’re subject to various information reporting requirements. Some significant changes to these rules will go into effect for the 2026 tax year (forms that will be filed in early 2027 to report 2026 amounts). Specifically, new reporting will be required to help employees and others claim tax deductions for qualified tips income and qualified overtime income. But there also will be some reporting relief for businesses. Effective for payments made after 2025, the reporting threshold for filing Form 1099-MISC and Form 1099-NEC will increase to $2,000 (from $600 for 2025), with inflation adjustments for payments made after 2026. ... See MoreSee Less
Checking off RMDs on the year-end to-do list
If you’re age 73 or older and have one or more tax-advantaged retirement accounts or you’re younger and have inherited such an account, you may need to take required minimum distributions (RMDs) by Dec. 31. If you don’t comply, you can owe a penalty equal to 25% of the amount you should have withdrawn but didn’t. (If the failure is corrected in a “timely” manner, the penalty drops to 10%.) The RMD rules can be confusing, especially if you’ve inherited a retirement account. If you’re subject to RMDs, it’s also important to accurately calculate your 2025 RMD. We can help ensure you’re in compliance. Please contact us today. ... See MoreSee Less