MKR Blog
Change in the State Unemployment Tax Rates and Wage Base (Indiana Clients): After a rather confusing first quarter 2010, the Indiana General Assembly has changed the wage base for state unemployment taxes and adjusted the rates accordingly. The wage base has been...
Change in the Federal Unemployment Tax:Â By now many of you have received notification from the Indiana Department of Workforce Development regarding the reduction in the federal tax credit and the impact it will have on your Federal Unemployment taxes for 2010...
The Biannual business entity reports for your businesses are due every two years in the anniversary month of your formation. Failure to file these reports causes your business to be put on inactive status and will generate an Administrative Dissolution. Reversing...
Beginning in 2011, taxpayers who have been using Form 8109-B (coupon that you take to the bank) will be required to make deposits electronically via EFTPS (Electronic Federal Tax Payment System). The EFTPS is a free service from the U.S. Department of Treasury. In...
We have received reports of people receiving emails that appear to be from the IRS/EFTPS that indicate that a payment has errors. If you receive this email, DO NOT respond to it or click on any of the links imbedded in the email. The IRS and EFTPS does not send email...
Cadick Williams McAllister Ford, P.C. QuickBooks Professionals.
Just received this note from Intuit: A commercial power failure has disrupted some of our online services. We are operating on back-up power and are working to restore services. We'll provide an update on this issue at 12:30 p.m. Pacific time.
Earlier this year Congress passed the Hiring Incentives to Restore Employment Act. (HIRE) One of the provisions of the act allows employers who hire a previously unemployed individual an exemption for matching social security tax on their wages. In order to qualify,...
Cindy here with important news for those of you who are using Intuit's Payroll services to process your company's payroll. The online outages this week have created some issues that you should be aware of. I have attached a link to the latest information regarding...
Intuit recently released a new update for QuickBooks Pro, Premier, Simple Start 2010 and Enterprise 10.0 and wanted to let you know it's now available. And as always it's free of charge. This latest QuickBooks Update includes password security compliance requirements...
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...
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...