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.
Understanding spousal IRAs: A smart retirement strategy for couples
Retirement planning can be especially critical for couples where one spouse doesn’t work outside the home. In such cases, a spousal IRA can be an effective tool. An IRA contribution is generally only allowed if you earn compensation. But an exception exists. A spousal IRA allows a contribution for a spouse who doesn’t work outside the home. For 2025, an eligible couple can contribute $7,000 to an IRA for each spouse ($8,000 if the spouse will be 50 by the end of the year). However, if the working spouse is an active participant in an employer retirement plan, a deductible contribution can be made to the nonparticipant spouse’s IRA only if the couple’s income is under a certain threshold. ... See MoreSee Less
Tap into the 20% rehabilitation tax credit for business space improvements
If your business occupies a large space and you’re planning to relocate, expand or renovate in the future, consider the benefits of the rehabilitation tax credit. It’s equal to 20% of the qualified rehabilitation expenditures (QREs) for a qualified building that’s also a certified historic structure and meets other requirements. A QRE is any amount chargeable to capital and incurred in connection with the rehab (including reconstruction) of a qualified building. QREs can’t include building enlargement or acquisition costs. The 20% credit is allocated ratably over each year of the five-year period beginning in the year the building is placed in service. Interested? Contact us to discuss. ... See MoreSee Less
Milestone moments: How age affects certain tax provisions
They say age is just a number. But it’s much more than that in tax law. That’s because different tax rules kick in at specific ages. For example, the kiddie tax can potentially apply to an individual until age 24. After age 59½, you can receive distributions from tax-favored retirement accounts without being socked with the 10% early distribution penalty tax. And after reaching 73, you generally must begin taking annual required minimum distributions (RMDs) from tax-favored retirement accounts (traditional IRAs, SEPs, 401(k)s and SIMPLEs) and pay the resulting income tax. If you don’t withdraw at least the RMD amount for the year, you can be assessed a penalty tax. Contact us with questions. ... See MoreSee Less