Ball, Shanaman & Tenorio

Ball, Shanaman & Tenorio No annoying tax professional lingo. Just straight, authoritative and friendly expert advice. Monroe, MI location:
214 E.

Elm Ave., Suite 207
Monroe, MI 48162
(734) 242-9270

Bonita Springs, FL Location:
27499 Riverview Center Blvd. Bonita Springs, FL 34134
(239) 444-1782

Ball, Shanaman and Tenorio is a full-service, year-round accounting and tax preparation firm serving clients from around the world in three conveniently located offices in southeast Michigan and southwest Florida. Following a corporate accounting c

areer with such companies as Ford Motor Company and Cargill, Inc., Fred Tenorio founded the company in 1988 in Monroe, Michigan. Originally focused on accounting services for small businesses, the company was the first in the Monroe area to introduce electronic filing, and from there its tax practice – with both individuals and businesses – has steadily grown. The success of the business, with expansion to two additional offices in Farmington Hills, MI (2002) and Bonita Springs, FL (2009) is due primarily to the loyalty and referrals of our satisfied customers. At the core of our success is a commitment to personalized service, where each staff member takes the time to get to know new clients and flexible hours are available to all clients, 7 days a week throughout the year (by appointment). The firm also maintains a commitment to continuing education. With a CPA and several Enrolled Agents among the staff, Ball, Shanaman and Tenorio requires each of its tax preparers to attend annual classes to ensure that they are aware of the most current regulations and new opportunities to save money for our clients. The company offers a wide range of services, from expert guidance with complex tax issues such as audits and IRS tax resolution problems, to general accounting, bookkeeping, and new business start-up consulting. The initial consultation with each client is free of charge. Last August, we were most gratified to be named the "Best Accountants" in metropolitan Detroit, from an annual, community-wide "Vote 4 the Best" campaign sponsored by the local NBC TV affiliate, WDIV. Such an accomplishment would not have been possible without our clients taking the time to vote, which reaffirmed their satisfaction with the quality of services we provide.

Historical financial statements show where your business has been, but forecasts and projections help you plan where it’...
05/30/2026

Historical financial statements show where your business has been, but forecasts and projections help you plan where it’s going. These terms aren’t interchangeable. A forecast reflects management’s best estimates of future financial results based on expected conditions and planned actions. Some businesses may even share forecasts with their lenders and investors. By contrast, a projection explores hypothetical “what if” scenarios under alternative assumptions and can be particularly beneficial for internal planning and decision-making. Contact us at (800) 501-7302 to determine the right approach for your business needs.

Does your business provide complimentary on-site food and beverages for employees? The rules for deducting certain busin...
05/29/2026

Does your business provide complimentary on-site food and beverages for employees? The rules for deducting certain business meals have changed. Beginning in 2026, employers generally can’t deduct 1) meals treated as de minimis fringe benefits, or 2) employer-provided meals that are excludable from an employee’s income and provided for the employer’s convenience on business premises. For the 2025 tax year, generally the former were 100% deductible and the latter were 50% deductible. Contact us at (800) 501-7302 to discuss whether this change will affect your company and how to plan accordingly.

F**A taxes on W-2 wages are split equally between employee and employer. For self-employment income, you pay both halves...
05/27/2026

F**A taxes on W-2 wages are split equally between employee and employer. For self-employment income, you pay both halves, but the “employer” half is deductible. If you own and work in a business structured as a partnership, the income passing through to you for income tax purposes generally is also subject to self-employment taxes, even if it isn’t distributed to you. If your income exceeds certain levels, you also could be subject to the 0.9% additional Medicare tax. Call us at (800) 501-7302 to review your situation.

The stepped-up basis rules can reduce capital gains tax for family members who inherit your assets. Under these rules, w...
05/26/2026

The stepped-up basis rules can reduce capital gains tax for family members who inherit your assets. Under these rules, when your loved one inherits an asset, its tax basis is “stepped up” to its fair market value at the time of your death. If the heir later sells the asset, he or she will owe capital gains tax only on any appreciation after your date of death, rather than on the entire gain since you acquired it. Investment accounts, business interests, real estate and personal property are among the assets affected by the stepped-up basis rules. Call us at (800) 501-7302 for details.

Do you dream of retiring early? As in, really early? So do adherents of FIRE (Financial Independence, Retire Early). Man...
05/25/2026

Do you dream of retiring early? As in, really early? So do adherents of FIRE (Financial Independence, Retire Early). Many FIRE followers aim to retire in their 40s or even 30s! They make it happen by saving at least 50% of their current income, which some maximize by working second jobs. Obviously, this requires discipline and planning. But if early retirement is a priority, call us {Phone%} so we can help you make it happen.

In strategic planning, it can be hard for business owners to step back and evaluate opportunities objectively. An extern...
05/23/2026

In strategic planning, it can be hard for business owners to step back and evaluate opportunities objectively. An external advisory board can offer fresh, independent perspectives and seasoned guidance, especially when handling high-stakes, complex transactions. A board’s involvement can elevate professionalism, strengthen credibility with stakeholders and support smarter long-term decisions. Contact us at (800) 501-7302 to explore how creating an advisory board, or optimizing your current one, can help your business grow.

The IRS has issued final regulations on the tax deduction for qualified cash tips. The legislation commonly known as the...
05/22/2026

The IRS has issued final regulations on the tax deduction for qualified cash tips. The legislation commonly known as the “One Big Beautiful Bill Act” created the deduction of up to $25,000 per year for 2025 through 2028. Qualified tips generally refer to cash tips received by an individual in an occupation that “customarily and regularly” received tips on or before Dec. 31, 2024. The final regs list more than 70 eligible occupations. In addition to occupations previously listed in the proposed regs, the final regs add visual artists, floral designers and gas pump attendants. The final regs also provide clarifications to the definition of a qualified cash tip. For more details, call us at (800) 501-7302.

If the IRS audits your income tax return, you may need to produce documentation. In general, the IRS has three years to ...
05/20/2026

If the IRS audits your income tax return, you may need to produce documentation. In general, the IRS has three years to assess additional tax, starting from the date the return was filed or due, whichever is later. For example, if you filed your 2022 return by the April 18 deadline in 2023, the IRS generally has until April 18, 2026, to assess a tax deficiency. So you potentially can discard records related to that return after April 2026. But records should be held longer in certain situations. And you should keep copies of your returns forever. Call us at (800) 501-7302 with questions.

Two federal tax breaks can help offset the cost of accessibility improvements. In 2026, qualifying small businesses (wit...
05/19/2026

Two federal tax breaks can help offset the cost of accessibility improvements. In 2026, qualifying small businesses (with $1 million or less in gross receipts or no more than 30 full-time employees in 2025) may claim the Disabled Access Credit. It’s generally worth 50% of eligible accessibility costs (up to a $5,000 maximum). Businesses of any size may also deduct up to $15,000 per year for qualified architectural and transportation barrier removal. You can claim both benefits in the same year, but not for the same expense. New construction isn’t eligible for either break. If you’re planning upgrades, call us at (800) 501-7302 to help you make the most of these incentives.

A donor-advised fund (DAF) is one option available to support charities while reducing your taxable estate. By contribut...
05/18/2026

A donor-advised fund (DAF) is one option available to support charities while reducing your taxable estate. By contributing cash or appreciated assets to a DAF, you also may qualify for an immediate charitable income tax deduction without needing to identify the specific charitable recipients right away. This gives you more time to research potential recipients or change the organizations you support from year to year. For families focused on legacy planning, DAFs can also help align heirs around charitable goals. Contact us at (800) 501-7302 for additional details.

Address

31860 Northwestern Highway
Farmington Hills, MI
48334

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+18005017302

Website

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