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.
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...
Professional services firms face unique challenges when trying to scale. Effective growth requires a strategic focus on critical areas that impact efficiency, profitability, and client satisfaction. The following article explores the top key areas professional...
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...