MKR Blog
Here are a few quick thoughts on financial aid for college educations: A parent's income is usually the biggest factor in the calculation of a student's expected family contribution (EFC). EFC is the minimum amount that the student and/or their family is expected to...
The IRS plans to start processing returns that were delayed, due to the December tax law changes, on February 14, 2011.  Although the IRS may be delayed, we are ready to process your return so do not delay in submitting your material to us.  Our goal is to...
Tax updates The standard mileage rate for business driving for 2011 is now 51 cents per mile this is up 1 cent from the 2010 rate. The tax credit for energy saving home improvement went down.  The credit is now 10% which was 30%. The cap on this credit is now...
It can be a little tricky if you are using QuickBooks with Enhanced payroll and want to electronically file your Indiana copies of the W-2's. Give one of our three Quickbooks ProAdvisor's a call. Cindy, Sheryl, or Jean will be able to walk you through the steps to...
Special Outreach Efforts to Unemployed The IRS is working and coordinating with state departments of revenue and state workforce agencies to help taxpayers who are having problems meeting their tax liabilities because of unemployment or other financial problems. These...
You'll get an extra three days to file your federal income tax return this year. The deadline will be April 18th. The IRS is pushing back the date because of a holiday in the District of Columbia on April 15th. By law, holidays in the district have the same effect as...
Stephen Reed was promoted to Partner on January 1, 2011. Steve is a 1985 graduate of Anderson University. He joined the firm in 1990 as a staff accountant and then was promoted to manager in 2000. Steve will be overseeing quality control in financial statement...
Effect ive December 13, 2010, all payments made through INtax using a credit card will be charged a fee of $1 plus 2 percent per payment transaction. The credit card company that processes your payment assesses this fee, not the Indiana Department of Revenue. ...
Here is a link for QuickBooks users who have a payroll subscription. This link will give you access to the latest payroll updates (you need to have them!) and information for preparing year end returns. Year End Center
As 2010 draws to a close, we would like to wish our clients a Happy and prosporus New Year. In addition, be looking for you individual tax organizers in mail the first week of January.
The Trump administration’s tariffs on key trading partners, including Canada, Mexico, and China, could have far-reaching consequences for U.S. consumers. With a 25% tariff on Canadian and Mexican goods, a 10% tariff on Chinese imports, and a lower 10% tariff on...
As veterinary medicine continues to evolve, 2025 promises to be a transformative year. Industry professionals face emerging legislation, possible new roles, energized investor interest, and shifting dynamics in the pet insurance market. Here are the top trends shaping...
Tax season 2025 is here, and staying on top of important deadlines is essential for avoiding late fees and penalties. Knowing key dates like the federal income tax filing deadline, quarterly estimated tax payment due dates, and extensions can help you stay organized...
Running a small business in 2025 presents both challenges and opportunities. To stay ahead of the competition, you must adopt a proactive approach to planning and execution. By focusing on the following strategies, you can set your business up for success this year...
For construction companies, growth and profitability often hinge on that company’s ability to overcome progress barriers. Whether it’s delays in project timelines, inefficiencies in communication, or outdated practices, construction firms need innovative solutions to...
After Donald Trump’s win in November, taxpayers are wondering how a second Trump term could reshape U.S. tax policy. Trump’s first term saw sweeping changes under the Tax Cuts and Jobs Act (TCJA) of 2017. With key provisions of that legislation set to expire in 2025,...
For small businesses, growth is both a challenge and an opportunity. To navigate this journey successfully, entrepreneurs should rely on practical strategies that ensure sustainable growth. Here are some proven approaches to help your small business thrive. Control...
Essential changes to Individual Retirement Accounts (IRAs) and 401(k) plans are set to take effect in 2025, primarily due to the SECURE 2.0 Act. These modifications, set to phase in over the next several years, will impact your retirement savings strategy. Here’s what...
Independent healthcare practices face a range of challenges in managing payments and maximizing revenue, but recent developments in patient expectations and legislation provide fresh challenges and opportunities. Here’s how independent practices can leverage these...
As the United States prepares for a second Trump presidency, small business owners are paying close attention to the policies that could shape their future. Trump’s economic priorities, including tax reform and deregulation, will echo those from his first term. Here’s...