Blog
The MKR CPAs & Advisors blog.
How to Tackle Snowball Debt After a Year of Furloughs and Layoffs
For the greater part of 2020, millions of Americans have faced furloughs and layoffs, subsequently relying on credit cards to keep their heads above water. Here’s how to get out from under those ballooning balances. The Coronavirus Effect on Debt When the stimulus...
What’s Included in the Proposed Bipartisan $908 Billion Pandemic Relief Bill?
A group of centrist lawmakers recently revealed an economic relief bill totaling approximately $908 billion. The plan has gained some traction among both congressional Democrats and Senate Republicans, getting talks moving again after Democrats and Republicans have...
What You Should Know About Recent Updates to CARES Act Reporting Requirements for Healthcare Providers
The Coronavirus Aid, Relief, and Economic Security (CARES) Act Provider Relief Fund was initially established to provide funding to healthcare service providers impacted by the COVID-19 pandemic. While the financial support has provided much-needed relief, the...
Retirement Plan Options for Small Businesses to Help Attract New Employees
As a small business employer, signifying your commitment to employees’ long-term financial goals by offering a tax-favored retirement benefit is a solid way to draw in and retain valuable employees. Retirement plans may seem complex and costly, but there are...
Roth Conversions Are Trending. Is It the Right Move for You?
Legislative passages in 2020, including the SECURE Act, which made changes to beneficiary distributions, and the CARES Act, which included a waiver of required minimum distributions (RMDs), helped to expand the playing field for savers. These two factors, combined...
Changes to the Veterinary Industry Caused by Covid-19 Could Institute Long-Term Better Business Practices
Much like boredom breeds creativity, challenging times breed innovation. Though we will eventually return to normal, it will be a new normal—one where veterinarians have learned to adapt, survive, and even thrive during a global health crisis and economic downturn....
The CARES ACT Makes 401(k) Withdrawals Easier, but Should You?
Customarily, retirement savings plans such as 401(k)s are tough to withdraw from before age 59.5 without accruing penalties and tax withholdings, but the CARES Act, which was passed by Congress in response to the economic hit caused by the Covid-19 pandemic,...