Blog
The MKR CPAs & Advisors blog.
Hidden Retirement Fees to Be Aware Of
Financial advisors commonly advise their clients to seek investments with high returns in order to maximize their retirement funds, but most investors don’t realize that high fees are eating into those earnings. While fund fees have steadily declined in recent years,...
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How to Handle an Inherited IRA
You have several options when you inherit an IRA, so it’s no wonder that most people on the receiving end have questions about taking distributions, tax implications, and incorporating the inheritance into their existing financial plan. For starters, it helps to...
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The Effect of the Tax Cuts and Jobs Act on Employee Reimbursement
Are your employees reimbursed for work-related travel expenses? If not, you might want to reconsider. Changes under the Tax Cuts and Jobs Act make reimbursements even more attractive to employees. The new tax code implemented significant changes to moving and travel...
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How to Determine if Your Taxes Will Increase for the 2019 Tax-Filing Season
President Trump signed the Tax Cuts and Jobs Act in December of last year, but the income tax credits, deductions, and individual tax rates aren’t applicable until the 2019 tax-filing season. Various factors, such as your tax bracket, can influence whether your taxes...
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How to Avoid the Alternative Minimum Tax
Congress originally designed the Alternative Minimum Tax (AMT) to make sure wealthy taxpayers who take advantage of multiple tax breaks and itemized deductions would still pay their fair share in federal income taxes each year. The AMT produces around $60 billion a...
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Here’s How Medicare for All Could Affect Americans
According to CNBC, 70% of Americans support Medicare for all, but the term is still murky for Americans. What does it actually mean and how could it affect Americans? Implemented in its most historical meaning, Medicare-for-all would completely wipe out private...
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QuickBooks Desktop vs. QuickBooks Online
When choosing whether to invest in a desktop or online QuickBooks product, we would suggest you evaluate three differences in the products. 1. Accessibility If you want the option to access your QuickBooks file from anywhere with internet connection, you will want...
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