MKR Blog
If you are involved with a not-for-profit organization, you may wish to check out a Workshop for Small and Medium-Sized 501(c)(3) Organizations given by Internal Revenue Service and hosted by Central Indiana community Foundation. Cost is $20. Registration deadline is...
WASHINGTON (AP) - If you earn less than $200,000 a year, there's a strong chance you don't have to worry about an Internal Revenue Service audit. But if you make more than $1 million annually, the odds have been rising that you'll be hearing from the tax man. The IRS...
By AccountingWEB Staff Time is running out before the payroll tax rate automatically increases in two weeks, and the dispute over how to fund it continues. The tax measure at issue would maintain the payroll tax rate at 4.2 percent for the year 2012 instead of...
The IRS released the 2012 mileage rates today.
This holiday season, online shoppers will find more states are looking to make sure gift givers also give their state its fair share – in terms of sales tax for online purchases, according to CCH, a Wolters Kluwer business and a global provider of tax, accounting and...
By Ken Berry Just a week after this year's Veterans Day, President Obama signed new legislation providing a tax credit to employers who hire military veterans. The VOW to Hire Heroes Act is a small piece of a much larger jobs bill that has stalled in Congress....
The Federal government once again is giving a FUTA Credit reduction for the following 20 states due to the individual states unpaid federal loan. State Credit Reduction Arkansas 0.3% California 0.3% Connecticut 0.3% Florida 0.3% Georgia 0.3% Illinois 0.3%...
IR-2011-103, October 20, 2011 The Internal Revenue Service (IRS) has announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2012. In general, many of the pension plan limitations will change...
We would like to welcome the newest member of the CWMcF family, which actually happens to be a family member of Partner Steve Reed. Steve’s daughter, Amanda O’Brien, was hired as a staff accountant and QuickBooks ProAdvisor.
Though Pete McAllister, CPA has known for about a month now, CWMcF discovered this week that Pete was awarded a 5-Star ranking in the Indianapolis Monthly’s October Issue of Top Local Professionals. How’s that for modesty? (and a job well done. ) Congratulations...
Economies always run in cycles, which means that, at some point, inevitably, there will be a downturn. And the best time to prepare for an economic downturn is before things start to take a tumble. In this article, we’ll go over strategies you can use to keep your...
What happens when it’s time to step back from running your professional services firm? Is there a clear path for the future of your business? In this article, we’ll go over how to create a solid succession plan, whether you’re looking to sell, merge, or pass the firm...
The One Big Beautiful Bill (OBBB) signed by President Trump includes a federal cap on the state and local tax (SALT). Until 2024, SALT was capped at $10,000 under the 2017 Tax Cuts and Jobs Act (TCJA), but the OBBB increased it to $40,000. The cap will rise by 1% each...
Small businesses are finally seeing signs of life after a rocky few years. Since January, average earnings have climbed by 75%. That’s an encouraging statistic, yet monthly revenues still lag behind the record highs of the past two years. This signals that progress is...
Recent surveys reveal that Americans spend hours each week thinking about their finances. Rising prices, mounting debt, and uncertainty about the future all contribute to financial stress. Add in steep housing costs, concerns over tariffs raising the price of goods,...
Small retailers have a rough go competing against big chains and e-commerce giants, but there’s one thing these smaller stores have that Amazon doesn’t: community. Local stores have the opportunity to build connections with their customers. Building partnerships...
A noticeable trend in 2025 points to a resurgence in independent veterinary ownership. In an era dominated by corporate consolidation, 2025 is shaping up to be a turning point — especially for veterinarians ready to reclaim ownership, redefine care models, and build...
As small business owners face continued inflation and rising tariffs, the One Big Beautiful Bill Act (OBBB) could provide critical financial relief for Main Street businesses. By extending key provisions from the Tax Cuts and Jobs Act of 2017 (TCJA), the legislation...
President Trump’s “Big Beautiful Bill” has been making headlines, particularly for what it could mean for older Americans collecting Social Security. While many headlines have suggested that the bill would eliminate taxes on Social Security benefits, that’s not...
Transferring an SBA loan isn’t a straightforward process. Whether you’re selling your company or planning for a family succession, understanding how to transfer an SBA loan and what’s legally allowed is critical for staying compliant and protecting your finances. In...