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...
As we move through 2025, construction businesses are navigating a mix of challenges and fresh opportunities. A steady economic rebound, higher levels of government investment, and rising demand for infrastructure, housing, and commercial development are driving growth...
As the Federal Reserve continues to hold interest rates at elevated levels to combat inflation, consumers face both challenges and opportunities. While borrowing has become more expensive, savers can take advantage of higher yields and rethink their spending habits....
If you use Venmo, PayPal, or CashApp to accept payments for freelance work, side gigs, or online sales, you’ll want to pay close attention to this year’s tax changes. New tax rules are making it harder to fly under the radar, even if you only earn a few thousand...
As markets continue to experience turbulence driven by renewed tariffs, trade tensions, and global uncertainty, you might be rethinking how you save for retirement. One increasingly popular strategy is converting traditional retirement savings into Roth accounts....
As the healthcare landscape continues to evolve, the U.S. Department of Health and Human Services (HHS) is implementing a major overhaul of the Health Insurance Portability and Accountability Act (HIPAA) in 2025. These changes reflect shifting priorities in data...
The U.S. Small Business Administration (SBA) has introduced a new program as part of its 'Made in America' initiative to boost domestic manufacturing and help small businesses expand. The initiative focuses on two critical areas: cutting regulatory red tape and...
The professional services industry is undergoing a significant transformation in 2025, driven by rapid advancements in AI and automation. As firms seek greater efficiency, enhanced decision-making, and improved client service, AI-powered solutions are reshaping how...
If you're self-employed or earn income without tax withholding, you’re likely required to pay quarterly estimated taxes. Missing these payments can result in penalties and interest charges from the IRS, but don’t panic—you have options to correct the situation and...
What you choose to do with your tax refund can significantly impact your long-term financial health. Instead of splurging, consider using this extra cash to strengthen your finances. Smart strategies, such as building an emergency fund, paying off high-interest debt,...
Medicare is undergoing significant changes in 2025, impacting costs, prescription drug coverage, telehealth access, and caregiver support. Retirees should prepare for these updates to manage their healthcare expenses effectively. Below, we break down the key Medicare...