MKR Blog
As a small business employer, signifying your commitment to employees’ long-term financial goals by offering a tax-favored retirement benefit is a solid way to draw in and retain valuable employees. Retirement plans may seem complex and costly, but there are...
Much like boredom breeds creativity, challenging times breed innovation. Though we will eventually return to normal, it will be a new normal—one where veterinarians have learned to adapt, survive, and even thrive during a global health crisis and economic downturn....
On Aug. 28, 2020, as part of COVID-19 relief, President Trump issued a presidential memorandum allowing employers to suspend withholding and paying to the IRS eligible employees’ Social Security payroll taxes from September 1, 2020 through December 31, 2020. The IRS...
The Setting Every Community Up for Retirement Enhancement (SECURE) Act changed the rules for employers on retirement plans, making it easier for employers to offer 401(k) plans and for employees to take part in them. Here’s how. Multiple Employer Plans Known as MEPs,...
Experiencing business growth is always exciting for an entrepreneur, but periods of growth aren’t always continuous given that every business has ups and downs. Implement growth strategies with the tips below to help your business become more sustainably profitable...
Failure is a very real possibility for small businesses. It’s a reality that will test your resolve as a business owner as well as the durability of your business strategy. When giving up feels like the only option, here are some tips to turn a sinking ship around....
Congress passed the Paycheck Protection Program Flexibility Act (PPPFA) on June 5, 2020, amending several provisions in the original PPP loan program. Along with granting business owners more flexibility and time to spend the PPP loan proceeds, the Act permits funds...
On March 27 the CARES Act was signed into law in response to the COVID-19 pandemic. Below is an overview of the types of assistance available to small businesses in an effort to lessen some of the economic impact. Paycheck Protection Program (PPP) Loan This is a $350...
Entrepreneurs are tasked with not only managing their business finances, but their personal finances as well, and when needs, circumstances, and priorities don’t align with the two, managing it all can feel overwhelming. To keep personal finances from getting pushed...
With the learning curve of the first tax filing season in the TCJA era behind us, year-end tax planning is a perfect time to incorporate those lessons learned. Here is a general overview of some steps business owners can take in their year-end tax planning....
Indianapolis, IN - Daniel L. Kittell, CPA, Managing Partner of MKR CPAs & Advisors, has been named a 2026 Five Star Investment Professional, an honor that recognizes only a select group of financial services professionals in the Indianapolis market for their...
It happens to even the most organized taxpayers; a missed deadline, a late payment. The IRS just rolled out a program that can automatically clear certain penalties without you lifting a finger. See who qualifies and what to do if a notice still slips through.
AI can spot an abnormal finding buried in a routine scan — but what happens next often falls through the cracks. See why detection alone isn’t enough, and what practices need to actually close the follow-through gap.
A 401(k) is a start, not a finish line. Once you’re out of the workforce, you’ll need a plan for turning savings into income, managing taxes, covering healthcare costs, and protecting your legacy. Here’s what a complete retirement plan actually requires.
Key Takeaways: Winning new clients matters, but firms that can't retain them must keep replacing lost revenue before growth is possible. Reliability and follow-through, not just expertise, are what build or break client trust over time. Proactive, consistent...
Key Takeaways: Keeping a gap between income and spending, even as income grows, is the foundational habit behind long-term wealth building. High-interest debt quietly drains money that could otherwise go toward saving and investing — paying it down is one of the best...
Key Takeaways: A Roth conversion moves money from a traditional account into a Roth, taxed now in exchange for tax-free growth and withdrawals later. Converting during a temporarily lower-income year, such as between jobs, can let you convert at a lower tax rate. A...
Key Takeaways: RMDs become mandatory at age 73, and missing one can trigger a penalty of up to 25% of the required amount. A new temporary $6,000 deduction ($12,000 for joint filers) is available for taxpayers 65+ through 2028. Investment gains, pension income, and...
Key Takeaways: Customers judge prices relative to context, not in isolation — comparison and framing shape perceived value. Honest scarcity (real low stock, real deadlines) motivates buyers; manufactured urgency erodes trust. Transparency about why prices are what...
Key Takeaways: The OBBBA made most 2017 TCJA tax cuts permanent, avoiding a scheduled tax increase in 2026. New "no tax on tips" (up to $25,000) and "no tax on overtime" (up to $12,500) deductions are now in effect. The Child Tax Credit rose to $2,200 per child, and...