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.
Here are the Key Trends Affecting Retail Businesses in 2023
The retail industry has experienced considerable changes in the past few years, and 2023 is on track for continued transformation. Retail companies can expect to see several key trends impacting businesses this year, including the growth of e-commerce, the focus on...
Small Businesses Can Expect to Face These Challenges in 2023
Whether anticipated or unexpected, small businesses in every industry face a lot of challenges. Both veteran and new businesses need to be prepared, flexible, and adaptable in order to succeed. Here are the most significant business challenges in 2023. Economic...
How Your Professional Services Firm Can Create a Brand Development Strategy
A well-crafted brand development strategy can help your firm establish a clear identity, communicate your company values to potential clients, and build trust and loyalty among existing clients.
Small Businesses Can Dodge the Attention of the IRS by Avoiding These Tax Mistakes
Filing taxes puts stress on small business owners, because most know that mistakes on business tax returns can affect your business’s success. Here are some common tax mistakes to avoid.
You Can Use IRA Funds for These Life Moments and Avoid the Early Withdrawal Penalty
Typically, withdrawing from an IRA before age 59 ½ will trigger a 10% early withdrawal penalty. However, there are some key milestones where that penalty is waived. Here’s when you can avoid the IRA early withdrawal penalty.
How to Take Retirement Withdrawals in a Down Market with Minimal Damage to Your Long-Term Financial Plan
Retirees routinely withdraw cash from retirement accounts to cover basic living expenses, but selling low could negatively affect your retirement portfolio. If the economy experiences a downturn during your retirement years, you can use the strategies discussed below to minimize the impact to your long-term financial plan.
These Easy-to-Implement Customer Service Tips Will Help Your Veterinary Practice Gain Repeat Clients
Veterinary practices that provide award-winning services don’t hesitate on the small stuff – the over-and-beyond touches that make them stand out and keep clients coming back.
Why the IRS is Warning of the Possibility of a Smaller Tax Refund in 2023
The IRS wants American taxpayers to be prepared for a potentially smaller tax refund in 2023. There are a few contributing factors that prompted the warning from the IRS in a recent statement, and we go over those factors in this new December 2022 article.
Here’s What Retirees Can Expect from Social Security Benefits in 2023
Retirees are feeling the effects of soaring inflation, and it’s stretching their budgets. More than 70 million retired Americans depend on a Social Security benefit program as a source of income, especially during economic downturns, so annual changes to payouts are...