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.
Why Health Practices Should Implement a Team-Based Care Model to Optimize Telemedicine and Streamline Efficiencies
The Covid-19 pandemic propelled the healthcare industry into telemedicine almost overnight. Now, more than two years later, doctors and health care practices and organizations are able to take a breath and consider how to optimize virtual visits for patients and...
How the Federal Reserve’s Rate Hike Could Impact Your Finances
The Federal Reserve recently raised its target federal funds rate by half-a-percentage point, which is the largest interest hike in more than 20 years. This follows an initial quarter-point increase in March. Read on to find out how rising interest rates could impact...
How to Implement Current Construction Industry Trends to Tackle Challenges and Boost Company Growth
The construction industry has seen its fair share of challenges throughout the past two years as the pandemic surged, and the jury’s still out on 2022. The good news is that following technology trends can help withstand challenges and leverage ongoing opportunities...
Going Solo Amid the Great Resignation? Why a Solo 401(k) Retirement Plan is a Good Option for Self-Employed Individuals
If you are a freelancer, an independent contractor, or a self-employed individual, you know the perks of working for yourself, but you likely also notice one major drawback: the lack of an employer-sponsored retirement plan like a 401(k). Enter the Solo 401(k) plan....
Keep This Checklist Handy for Regularly Evaluating the Financial Health of Your Small Business
Running a small business can be stressful and time consuming, so it’s understandable when the financial health of your business gets neglected. Getting into the habit of reviewing your company’s overall financial health is a smart move to position your business for...
Small Businesses Need to Be Aware of These Red Flags That Can Trigger a Tax Audit
In general, the likelihood of an IRS tax audit for a small business is slim, but there are various factors that can greatly increase the chances of being targeted. The IRS checks for a range of red flags to pinpoint businesses that are more likely to have...
How Late-Start Savers and Investors Can Make Up for Lost Time and Retire with a Solid Nest Egg
The Federal Reserve reports that 26% of working Americans have no retirement savings. And among the working Americans who have retirement investment funds, 45% feel that their savings projections fall short of their long-term goals. If you’re a late retirement...
How Retail Companies Can Best Position Their Businesses for the Decrease in In-Person Shopping
Online shopping isn’t new by any means, but the EY Future Consumer Index, which has surveyed thousands of consumers since the Covid-19 pandemic began, discovered that 43% of U.S. consumers now shop more often online than in brick-and-mortar stores. All signs point to...
Don’t Fall Short of Savings Goals by Believing These Common Retirement Misconceptions
Although retirement planning often involves some guesswork regarding the future of the economy as well as each retiree’s individual circumstances, there are some general misconceptions to avoid in order to be sure you’re building a solid nest egg. We go through these...