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.
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...
How the IRS’s $80 Billion Funding Plan Will Affect Taxpayers
The IRS has released a plan for the nearly $80 billion in funding enacted through the Inflation Reduction Act. The plan includes improvements to customer service, technology, and enforcement. In this article we will explore how the funding plan will affect taxpayers....
What Potential Changes Are on the Table for Social Security Reform?
According to the Social Security Administration, the last 12 Trustees Reports, which report annually on the current and projected financial status of the Social Security program, indicated that reserves will be drained between 2033 and 2035. If that happens, scheduled...
Inflation Catches Up with Taxes: Here are the Tax Adjustments Released by the IRS for 2023
The IRS makes tax adjustments every year but because of high inflation, the adjustments for the 2023 tax year are more significant, including changes to standard deduction amounts and tax brackets. Read on for an understanding of the most significant changes in order...
Use These Strategies to Minimize Taxes on Retirement Savings
A key approach to minimizing taxes, especially as you near retirement, is to implement tax planning strategies that can help you save money and maximize your retirement savings. Here are some tax-efficient strategies to consider. Contribute to Tax Advantage Retirement...
How Your Healthcare Practice Can Maximize Point of Service Collections
Healthcare practices rely on prompt payment for provided services to maintain financial health of their business. Point of service collections refer to the process of collecting credit card or cash payments at the time of service, rather than going through a billing...
How to Save for Retirement When You’re Still Paying Off Debt
Saving for retirement should be a critical component of any financial plan, but it can be challenging if you’re also working toward debt repayment. The good news is that it’s possible to do both at the same time. The key is to be consistent and disciplined, and in...