MKR CPA Blog
Explore our monthly updates featuring expert insights on accounting news, retirement tips, and industry-specific content for veterinarians, retail & distribution firms, small businesses, and construction companies.
Effective Financial Tools to Reduce Your Tax Burden
Americans are no strangers to seeking out ways to legally minimize their tax burdens. Fortunately, there are several financial tools available that can help taxpayers slash their tax liability. In this article, we explore how these tools help you optimize your tax...
Recent Changes to SBA Loan Programs Make Access to Loans Easier for Small Businesses
The Small Business Administration (SBA) recently changed the rules that apply to both the 7(a) and 504 loan programs. The goal is to streamline the loan application process, broaden the amount and variety of lenders, and relax regulations in order to reach more small...
Small Retailers Can Use These Strategies to Compete with Larger Stores
Small retailers often find it challenging to compete and thrive in markets driven by big stores and retail chains. However, with the right strategies and a focused effort, small retailers can carve out a niche and strongly compete with larger stores. Here are some key...
The Secure Act 2.0 Delayed the Starting Age for Required Minimum Distribution, but is This a Good Move?
The passage of the Secure Act 2.0 in December of 2022 pushed back Required Minimum Distribution (RMDs) from age 72 to age 73 in 2023 (and age 75 in 2033). While proponents of this move argue that it provides advantages, such as allowing individuals more time to...
Here’s Why a Health Savings Account is Becoming a Valuable Retirement Tool
Retirement planning involves careful consideration of various financial strategies, and while traditional retirement accounts such as 401(k)s and IRAs are still go-to options, the Health Savings Account (HSA) is becoming a valuable retirement tool. Here’s why. What is...
The Fed Announced its 10th Rate Hike. Are the Increases Working to Slow Inflation?
Last year the Federal Reserve began raising interest rates at a pace not seen since inflation soared this high 40 years ago. By raising interest rates, borrowing becomes more expensive for individuals and businesses, which can lead to reduced spending and investment....
Times in Life When You Should Pause or Slow Down on Saving for Retirement
Saving for retirement is an essential financial goal, but there are certain circumstances in life when it may be best to push pause on retirement contributions. By recognizing these situations, you can better allocate resources and make informed decisions. Read this article for more details and recommendations.
How to Maintain a Financially Healthy Veterinary Practice in Order to Achieve Optimal Client Care
Veterinary practices strive to provide optimal client care for their clients and patients. Veterinarian practices also need to maintain healthy finances. In this article we discuss establishing effective financial management strategies that will help clinics allocate resources efficiently, invest in quality care, and improve their overall capacity to serve their clients and their pets.
The Benefits of Drone Technology for Construction Firms
Construction firms are catching on to the value that drones – or unmanned aerial vehicles (UAVs) – add to construction projects. In this article, we’ll explore some of the benefits of construction firms using drone technology. Enhanced Accuracy Drones have the...