MKR Blog
Posted by AccountingWEB in Tax, Payroll Tax on 10/07/2011 - 08:38 By Ken Berry The Internal Revenue Service (IRS) is extending an olive branch to employers that may have misclassified "employees" as "independent contractors." Under a new initiative announced by the...
This summer Pete McAllister and Dan Kittell presented at a luncheon in cooperation with WealthCare Partners on Social Security. Dan Kittell presented on the beginnings of Social Security and it's history while Pete McAllister presented on Taxation of Social Security...
QuickBooks 2012 – Frequently Asked Questions About Upgrading. QuickBooks 2012 {or any new version for that matter} from QuickBooks users. Each year when Intuit releases a new version of QuickBooks, I’m flooded with a sea of phone calls/emails from QuickBooks users...
Intuit looks to give SMBs a faster way to invoice with QuickBooks Mobile and other business apps for Android smartphones.
IRS announced that the mileage rate will increase 4.5¢. The new mileage rate will be 55.5¢ per mile for business travel from July 1, 2011 to December 31, 2011. The rate for using a car to get medical care will also increase 4.5¢ for the last half of 2011 from 19¢ to...
Congress announced that the FUTA surcharge rate will no longer need to be paid. Employers have paid this surcharge for many years and this .2% will no longer need to be paid. Employers have been paying 6.2% on the first $7000.00 of each employee's annual wages for...
Here is a link to QBlittlesquare.com where you can find all sorts of neat things for QB for the Mac and Mac user. http://www.qblittlesquare.com/
Intuit will be discontinuing support for all versions of QB 2008 on May 31, 2011. If you use payroll, payment solutions (credit card processing), online banking, or the email functionality from within the program, you will need to purchase QB 2011 in order to continue...
The Indiana Department of Revenue wants taxpayers who sent in paper checks for payment of their 2010 income tax liability to anticipate that those checks could take until June 1, 2011 to process. The Department received about 500,000 paper returns and checks after the...
PHISHING EMAIL ALERT You may have received an official looking email from Intuit saying that you will not be able to access your Intuit QuickBooks account with the Intuit Security Tool after April 10th. DO NOT CLICK THE LINK IN THIS EMAIL. This is not a legitimate...
The Small Business Administration (SBA) recently announced significant changes to its 504 Loan Program. This program has traditionally been a vital resource for small businesses seeking long-term, fixed-rate financing, and earlier this month, the SBA introduced a rule...
Required Minimum Distributions (RMDs) are mandatory withdrawals from certain retirement accounts. They can significantly impact your tax burden and overall financial well-being. In 2024, changes introduced by the Secure 2.0 Act have increased the minimum age for RMDs,...
In recent years, IRS imposters have become increasingly adept at deceiving taxpayers, resulting in nearly $5 million in losses, according to the Federal Trade Commission (FTC). These scammers are honing their tactics and targeting vulnerable people, making it crucial for everyone to stay vigilant. Here’s what you need to know to protect yourself from becoming a victim.
A crucial tax benefit for businesses is on the verge of expiring. The Qualified Business Income (QBI) deduction, a significant component of the 2017 Tax Cuts and Jobs Act (TCJA), is set to end on December 31, 2025. Read on as we go over how this deduction works and how its impending expiration could affect small businesses.
Effective positioning is crucial for brands seeking to connect with their target audiences and drive sales. But what exactly is positioning, and why does it matter? This article will explore the fundamentals of positioning and practical steps for retailers to develop a compelling positioning strategy.
Developing an exit strategy is essential for veterinary practice owners, and you likely need to begin sooner than you think. A well-crafted exit plan ensures the transition is smooth, maximizes the value of your practice, and aligns with both your financial and...
As we approach 2025, several significant changes are on the horizon for Social Security beneficiaries. From cost-of-living adjustments (COLA) to shifts in the full retirement age (FRA), these updates will impact millions of Americans who rely on Social Security as a...
With less than three months before the 2024 presidential election, inflation remains stubborn and economic uncertainty continues. Both political and economic unpredictability can create volatility that requires businesses to be more strategic with financial...
Managing cash flow in the construction industry can be challenging, and it’s crucial to understand the difference between income and cash flow to avoid falling for the illusion of profitability. Many construction businesses may appear profitable on paper, but they...
A combination of rising living costs, high inflation, unexpected financial emergencies, and reliance on credit has created a perfect storm for personal debt. In fact, American household debt increased from 16.9 trillion in 2022 to 17.05 trillion in the first quarter...