When disasters strike the American people, it can be a beautiful thing to witness the country coming together to support and rally around those affected. Unfortunately though, there are many who choose to take advantage during times of need. The IRS issued a recent...
MKR Blog
Recent Increase in Indiana Laws and Fees
Although the Indiana state legislative session began back in January and concluded in late April, there were many changes made that have just recently taken effect, namely, 45 different taxes and fees that have either been increased or newly imposed. One increase that...
IRS Changing Phone Policy
For years, taxpayers have been told that the IRS will never call to inquire about their taxes or collect unpaid funds. Rather, the IRS has operated under the communication policy that they will contact taxpayers by written notice only. However, immediately following...
Trumpcare: What It Repeals, Replaces And Keeps The Same
On the mind of many Americans in recent months is how our new President will alter the healthcare system. His promise throughout the campaign was that Obamacare would be “repealed and replaced” as quickly as possible. However, we all know the feeling when our time...
Millennials and Roth IRA’s: Why the Two Make a Perfect Pair
What, or who, is a “Millennial”? Numerous individuals who find themselves in this generation do not like the connotations the word ascribes, but if you were born in the 80s or 90s, then you fit into what most researchers would call the Millennial generation. Many at...
Tax Deductions You May Be Unaware Of
We are deep in the throws of tax season, and although many of you have already filed, it certainly never hurts to become more aware of possible deductions. And it goes without saying that we all love saving money or getting a larger return. Below are some unusual...
How Trump’s Tax Plan Differs From the GOP’s & How Those Differences Could Affect You
Now that our 45th President has officially been inaugurated, many of his campaign claims are beginning to take shape, including his tax plan. However, it seems that President Trump’s plan does not align as closely as one might think with the GOP’s plan, which has...
Trump’s Tax Plan and How It May Affect You in 2017
The dust has ultimately settled from the somewhat turbulent Presidential Election of 2016 and preparations are fully underway for our new President’s January 20th inauguration. The transition period from President Obama to President Trump is in full swing with staff...
Health Care Reform: Financial Impact 2013 and Beyond
As the third year of the Patient Protection and Affordable Care Act (PPACA) approaches, employers need to be aware of additional fees that will be assessed on insurers and plan administrators of self-insured plans beginning in 2013. In addition, reporting health care...
ABS Seeks Feedback Specific to Auditor’s Reports
An Invitation to Comment: Improving the Auditor's Report (ITC) was released June 22 by the International Auditing and Assurance Standards Board (IAASB), seeking input on potential changes to improve the information provided in the auditor's report on financial...
How Families Can Achieve Financial Stability and Build Wealth
Achieving financial stability and building wealth are essential goals for families striving for a secure future. Financial stability means having a reliable income, manageable debt, and the ability to handle unexpected expenses, while wealth building focuses on...
Breaking Through Growth Plateaus: Strategies to Scale Your Professional Services Firm
Scaling a professional services firm presents unique challenges. Growth plateaus—periods where growth slows or flatlines—are common. Overcoming these plateaus requires strategic planning and execution. Here are actionable strategies to help make your business more...
Small Businesses Can Implement These Actionable Steps for Long-Term Financial Stability Amid Cash Flow Challenges
Small businesses often face cash flow challenges that can threaten their financial stability, so it’s crucial to implement effective strategies for long-term cash planning, ensuring sustainability and success. Read on as we explore actionable steps that small...
How Retailers Can Use Push and Pull Marketing To Reach Target Audiences
Mastering the art of marketing is a required skill to reach and engage target audiences effectively. Two powerful strategies to accomplish this are push and pull marketing. Understanding the distinct roles of these approaches can make all the difference in driving...
Understanding 401(k) Loans: What You Need to Know
If you’re considering tapping into your 401(k) for a loan, you should be aware of how these loans function. In this article, we’ll delve into the ins and outs of 401(k) loans, exploring their benefits and potential drawbacks. Whether facing financial hurdles or...
These Strategies Will Help Increase Your Social Security Payments
As you approach retirement, understanding your Social Security benefits becomes crucial for financial planning. Your benefit amount hinges on factors like earnings history and age at sign-up. With careful planning and strategic decision-making, you can maximize your...
Small Businesses Can Use These Strategies to Avoid Common Financial Pitfalls
Navigating the financial landscape is paramount for small businesses to thrive, but there are ample opportunities for errors that can hinder success. In this article, we’ll go over key strategies that small businesses can implement to sidestep common mistakes and...
How to Reduce Turnover and Inspire Retention in Your Veterinary Practice
Employee retention is an essential component of success for any veterinary practice. High turnover rates can disrupt workflow, impact client satisfaction, and hinder business growth. In this article, we’ll explore effective strategies to help you retain talented...
How Will the Economy Impact the Construction Industry in 2024?
Understanding how economic trends influence construction can provide valuable insights for businesses and professionals in the field. For instance, high interest rates and slower economic growth will put increasing pressure on construction and manufacturing this year....
Small Businesses Should Prepare for These Possible Hurdles in 2024
Small businesses are not immune to the effects of broader economic shifts. As highlighted by the pandemic, major global and domestic events have the potential to profoundly influence businesses across the board, regardless of size. In 2024, larger economic conditions...