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Ball, Shanaman & Tenorio

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United States
Farmington Hills, MI
Ball, Shanaman & Tenorio

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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 career 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.

10/23/2026

If you’re responsible for collecting, accounting for or remitting federal taxes withheld from employee paychecks, beware of the trust fund recovery penalty (TFRP). As a responsible individual, you may be personally liable for a 100% penalty on income and employment taxes your business either fails to collect or fails to remit to the IRS. Your actions must be “willful,” meaning you’ve been, or should have been, aware of the responsibility and either intentionally disregarded the law or were indifferent to it. According to the IRS, no “evil intent or bad motive” is required. Call us at (800) 501-7302 if you receive a letter from the IRS about the TFRP or for help with tax compliance.

10/21/2026

Eligibility for Achieving a Better Life Experience (ABLE) accounts has expanded to individuals whose blindness or disability began before age 46. Until this year, the blindness or disability had to have begun before age 26. As a result, many people who weren’t previously eligible can benefit from these accounts beginning in 2026. ABLE accounts offer tax-advantaged savings for qualified disability expenses. The 2026 contribution limit is generally $20,000. In some cases, 529 plan funds can be rolled over tax-free to ABLE accounts, counting toward the annual limit. Call us at (800) 501-7302 to learn more.

10/20/2026

You may need to make quarterly estimated tax payments if you own a sole proprietorship or an interest in a pass-through entity, which includes partnerships, S corporations and most limited liability companies. Changes in your business’s taxable income, deductions or overall tax situation may have altered your expected tax liability. A year-end projection can help you determine whether you’ll need to adjust your fourth-quarter estimated tax payment that’s due by January 15, 2027. Call us at (800) 501-7302 to review your situation.

10/19/2026

Buyer beware! If you acquire a business with delinquent tax obligations, you could become liable for those debts. Your exposure primarily depends on how the deal is structured. In an asset purchase, buyers can generally avoid liabilities associated with the business, but certain state laws may allow creditors or tax authorities to pursue transferred assets. When buying ownership interests, liabilities typically remain with the business entity. Due diligence should include reviewing several years of tax returns for unpaid income, payroll, sales and property taxes, uncertain tax positions, and undisclosed liabilities. Call us at (800) 501-7302 for help identifying potential risks before closing.

10/16/2026

Employers: The IRS recently updated its FAQs on the qualified overtime pay tax deduction for employees created in 2025. The guidance provides new details on how you must identify, calculate and report qualified overtime income. For example, it clarifies that only FLSA-mandated overtime premiums qualify, notifies employers that separate reporting on Forms W-2 is required beginning in 2026, and confirms that overtime pay remains subject to federal income tax withholding. These changes may call for payroll system updates and a closer review of employee classifications and overtime practices. Call us for help preparing for the new requirements.

10/14/2026

How much should you budget for retirement expenses? One common guideline says 60% to 70% of your current income. Some expenses might decrease or disappear (commuting costs, mortgage payments), while others are likely to increase (health care, property taxes). Specificity, not to mention incorporating inflation into your calculation, is important. We can help — call us at (800) 501-7302.

10/13/2026

If you ever wonder how your business’s financial results stack up against others in your industry, consider a benchmarking study. It can show you exactly where you stand. Contact us at (800) 501-7302 to get started. We’ll help you compare key financial metrics, highlight what you’re doing well and uncover areas that need attention. From there, we’ll help build a strategy to strengthen your financial footing and minimize risks in an ever-changing market. Let’s turn your financial statements into action plans!

10/12/2026

If your business offers employees a 401(k) plan, be sure to comply with all applicable regulations. Misunderstanding or inadvertently ignoring eligibility rules — for example, when workers must be allowed to start participating — can result in IRS penalties. It can also harm employees who are mistakenly excluded. Contact us at (800) 501-7302 with questions.

10/09/2026

Cryptocurrency holders: Be alert for a new IRS impersonation scam. Fraudsters are mailing fake IRS letters directing recipients to a bogus “Digital Asset Compliance Portal.” The letters instruct recipients to scan a QR code that leads to a fraudulent website designed to look like IRS.gov. The site may ask for personal information, cryptocurrency wallet details, or exchange account credentials that criminals can use to steal identities or digital assets. If you receive one of these letters, don’t respond. Report any suspicious communication to the IRS immediately. If you have questions about an IRS notice or digital asset reporting, we’re here to help. Contact us at (800) 501-7302.

10/07/2026

Reconstructing business mileage records months after the fact can be frustrating — and unreliable. If you or your employees use personal vehicles for business, establish a system for logging trips as they occur. QuickBooks users can take advantage of mobile tools that automatically track trips and classify business vs. personal mileage. Other mileage apps or a well-maintained manual log can also work. As year end approaches, make sure your records include key details, such as mileage and business purpose. Timely, accurate documentation is essential for bookkeeping, employee reimbursements and tax reporting. Call us at (800) 501-7302 for help improving your mileage tracking process.

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

http://www.ballshan.com/

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