Blog
The MKR CPAs & Advisors blog.
Pros and Cons of Health Savings Accounts
Established in 2003, HSAs allow individuals with high-deductible health plans to pay for current healthcare expenses and save for future healthcare expenses on a tax-favored basis. Money is deposited pre-tax, it grows tax-free, and is distributed tax-free as long as...
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Why American Workers Could See an Increase in Tax Refunds Next Year
The majority of American taxpayers typically receive a refund from their federal tax returns, and in 2019 those refunds could increase by 26 percent, which is higher than previous years. The jump in expected refunds is most likely a result of the recent tax overhaul...
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Summer Time Clean Up
Summer is the perfect time to get your QuickBooks cleaned up. MKR provides hands-on training and consultation services for QuickBooks during this time of year. It is our pleasure to conduct an on-site visit to assist with any questions or concerns you have in working...
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How to Roll Over a 401(k) Plan When You Change Jobs
When you accept a new job with a new company, you need to decide what to do with the money in your 401(k) plan. Here are your options. 1. Leave the money in your former employer’s 401(k) plan While this is typically an option, and your funds will continue to grow...
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The Effect of Rising Interest Rates on Small Businesses
Amidst a strengthening labor market, rising economic activity, and a declining unemployment rate, the Federal Open Market Committee (FOMC) decided last month to raise the federal funds rate – the interest rate at which banks and credit unions lend Federal Reserve...
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QuickBooks Certifications
QuickBooks, created by intuit, is an accounting software that many businesses use to track their financial information including invoices, bills, paychecks, and inventory. To become a certified QuickBooks ProAdvisor, one must complete a series of comprehensive tests...
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Top Tax Write-Offs for the Self-Employed
Understanding self-employment taxes can be intimidating, but it’s important to educate yourself so you don’t miss out on deductions that can lower your tax bill. Below is a list of 15 self-employment tax deductions you may be eligible for as a freelancer or a...
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This is When You Should Start Collecting Social Security
As you approach retirement you’re probably going to be asking yourself when to collect social security benefits. After all, the longer you wait, the more money you can secure. For instance, as long as you’ve paid into the program for 40 quarters (or roughly 10 years),...
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Successful Entrepreneurs Can Benefit Small Businesses
Big Leadership Mindset: How the Practices and Philosophies of the World’s Most Successful Entrepreneurs Can Benefit Small Businesses Self-made millionaires and billionaires don’t just happen by luck or chance, though sometimes luck and chance play a role. In large...
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How Rising Gas Prices Could Affect Your Summer Travel Budget
While many Americans don’t check the stock market every day, the price of gasoline is one economic indicator Americans regularly pay attention to. And gas prices are on the rise, which means your summer travel budget could take a hit. With the national average now...
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