MKR Blog
By Ken Berry, AccountingWeb.com Do you have clients who still receive their Social Security checks in the mail? Mail carriers won't be dropping them in your clients' mailboxes in the near future. The government has announced it will no longer be issuing paper checks,...
Posted by AccountingWEB in Tax, Payroll Tax on 10/07/2011 - 08:38 By Ken Berry The Internal Revenue Service (IRS) is extending an olive branch to employers that may have misclassified "employees" as "independent contractors." Under a new initiative announced by the...
This summer Pete McAllister and Dan Kittell presented at a luncheon in cooperation with WealthCare Partners on Social Security. Dan Kittell presented on the beginnings of Social Security and it's history while Pete McAllister presented on Taxation of Social Security...
The Indiana Department of Revenue wants taxpayers who sent in paper checks for payment of their 2010 income tax liability to anticipate that those checks could take until June 1, 2011 to process. The Department received about 500,000 paper returns and checks after the...
Running a small business in 2025 presents both challenges and opportunities. To stay ahead of the competition, you must adopt a proactive approach to planning and execution. By focusing on the following strategies, you can set your business up for success this year...
For construction companies, growth and profitability often hinge on that company’s ability to overcome progress barriers. Whether it’s delays in project timelines, inefficiencies in communication, or outdated practices, construction firms need innovative solutions to...
After Donald Trump’s win in November, taxpayers are wondering how a second Trump term could reshape U.S. tax policy. Trump’s first term saw sweeping changes under the Tax Cuts and Jobs Act (TCJA) of 2017. With key provisions of that legislation set to expire in 2025,...
For small businesses, growth is both a challenge and an opportunity. To navigate this journey successfully, entrepreneurs should rely on practical strategies that ensure sustainable growth. Here are some proven approaches to help your small business thrive. Control...
Essential changes to Individual Retirement Accounts (IRAs) and 401(k) plans are set to take effect in 2025, primarily due to the SECURE 2.0 Act. These modifications, set to phase in over the next several years, will impact your retirement savings strategy. Here’s what...
Independent healthcare practices face a range of challenges in managing payments and maximizing revenue, but recent developments in patient expectations and legislation provide fresh challenges and opportunities. Here’s how independent practices can leverage these...
As the United States prepares for a second Trump presidency, small business owners are paying close attention to the policies that could shape their future. Trump’s economic priorities, including tax reform and deregulation, will echo those from his first term. Here’s...
Professional services firms face unique challenges when trying to scale. Effective growth requires a strategic focus on critical areas that impact efficiency, profitability, and client satisfaction. The following article explores the top key areas professional...
The Small Business Administration (SBA) recently announced significant changes to its 504 Loan Program. This program has traditionally been a vital resource for small businesses seeking long-term, fixed-rate financing, and earlier this month, the SBA introduced a rule...
Required Minimum Distributions (RMDs) are mandatory withdrawals from certain retirement accounts. They can significantly impact your tax burden and overall financial well-being. In 2024, changes introduced by the Secure 2.0 Act have increased the minimum age for RMDs,...