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.
How Small Businesses Can Improve Marketing and Advertising Outreach on a Shoestring Budget
With the inflation rate accelerating to a 40-year high, businesses are finding less wiggle room to expend on marketing and advertising strategies. Fortunately, even with widespread rising costs, there are resourceful methods for businesses to grow and improve their...
How Your Veterinary Practice Can Retain Employees Through the Great Resignation
The pandemic ushered in a new era now referred to as the Great Resignation. A record number of American workers quit their jobs in 2021, many of them with no immediate plans to return to the workforce—they’re taking care of family, retiring early, living on savings,...
These Retirement Distribution Plans Will Set You Up for Long-Term Financial Security
A retirement withdrawal strategy can help you establish the appropriate amount of money to take out of your investment accounts each year. The amount you decide to make available to yourself will affect your quality of life in retirement, and you want to make sure...
How Construction Firms Can Save Time and Money Among Labor Shortages and Supply Chain Issues
Last year 35% of contractors reported turning down work due to skilled labor shortages. Couple this with a lack of resources due to supply chain issues and an industry that doesn’t seem to be slowing down, despite a short stall at the beginning of the pandemic, and...
Don’t Overlook These Tax Deductions and Credits for the Self-Employed
There are some valuable tax deductions available for self-employed people. The key is knowing what they are and how they can help reduce your tax bill. Here are some key self-employment tax deductions to remember. Home Office Deductions This deduction allows you to...
How the Consolidated Appropriations Act Will Change the Way Americans Shop for Healthcare
The Consolidated Appropriations Act (CAA) was signed into law in late December, 2020 under former President Trump. It tackles multiple long-debated healthcare policies. The law stipulates new regulations that will require providers, insurers, and employers to provide...
Changes Are Coming to 401(k)s and IRAs in 2022
The IRS has made some changes for Americans saving for retirement with 401(k) and IRA accounts in 2022. We discuss these changes, as well as what’s staying the same, below. Changes to 401(K)s Contribution limits to workplace 401(k)s are going up in 2022. Workers will...
Estate Planning Tips to Keep Inheritance Safe for Heirs
Contrary to popular belief, estate planning isn’t just for the wealthy. Your estate includes everything you own, and it’s worth taking the time to plan for what will happen to it. Below we’ll go over steps you can take to be sure your money and assets are kept safe...
Simple Steps for Staying on Target with Financial Goals
Setting goals is a necessary start to achieving a financially secure future, but sticking to those goals is another hurdle altogether. Unexpected expenses, the costs of day-to-day life, and failure to track spending all have the potential to derail any roadmap we may...