MKR Blog
More people are working remotely now more than ever, and the change from office to home might have proven to be a surprising adjustment. The flexibility that comes with working from a home office is a definite advantage, but staying focused, motivated, and disciplined...
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...
Since early March, the COVID-19 pandemic has been making a substantial financial impact on millions of people across the country. With 22 million jobless claims in just one month and a slowly moving economy, many homeowners are left wondering if their properties will...
The Coronavirus Aid, Relief, and Economic Security (CARES) Act passed by Congress at the end of March provides direct economic assistance to Americans during the COVID-19 pandemic. In the bill, certain provisions allow people to withdraw from their retirement...
The U.S. Government has already started sending stimulus payments to Americans from the $2 trillion coronavirus stimulus bill known as the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was signed into law on March 27, 2020. But there is still some...
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...
Whether you’re working with a robust tax refund, a work bonus, or an inheritance of some kind, here’s a list of positive moves to make with that windfall. Evaluate Your Debt There’s “bad” debt and “good” debt. Good debt is an investment that will grow in value or...
A new scoring model from Fair Isaac Corp., the company behind the FICO score, is set to be implemented later this year by Equifax and other major credit bureaus. The popular score is commonly used by lenders to determine your eligibility and interest rate for certain...
The start of a new year is a time for fresh starts and new goals, but it’s also the beginning of the oft-dreaded tax season, which means Tax identity thieves are on the lookout for information they can use in order to create fraudulent tax returns. Here are some tips...
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...