Blog
The MKR CPAs & Advisors blog.
Amid Soaring Inflation, IRS Releases Higher Tax Brackets and Standard Deductions for 2023
In response to soaring inflation, the IRS has released higher tax brackets and standard deductions for tax year 2023 and subsequent returns filed in 2024. This means that more taxpayers’ earnings will remain in lower tax brackets, which should reduce their income...
Everyday Tips Financially Savvy People Use to Be Successful in Retirement
Dive into the secrets of retirement planning. Discover how starting early, setting clear goals, and diversifying investments can lead to a financially secure golden age. Whether you’re an early saver or starting late, find expert advice for every stage of your journey.
Tips to Avoid OSHA Violations and Fines in Construction
Learn vital steps to protect construction workers and businesses from OSHA violations and fines. Stay informed about changing regulations, prioritize worker training, and utilize OSHA consultation services to maintain a safe jobsite.
How to Choose a Business Structure for Your Small Business
Dive deep into the four main business structures: sole proprietorship, partnership, LLC, and corporation. Discover their pros, cons, and how to select the best one for your business’s unique needs and goals.
How Social Security’s COLA Predicted for 2024 Could Affect Retirees
Every October, retirees and individuals planning for their retirement expect the Social Security Administration to announce the cost-of-living adjustment (COLA) for the following year. The COLA aims to counteract the eroding effects of inflation on retirees’...
How to Improve Your Healthcare Practice’s Revenue Cycle for Efficiency and Profitability
Medical practices face the dual challenge of providing quality patient care while ensuring financial sustainability. Optimizing revenue cycle management – the series of processes that manage patient billing, insurance claims, and revenue collection – is a key...
Is Asset-Based Lending Right for Your Small Business?
Securing the right funding for your small business is crucial for growth and stability. Asset-based lending is one option for financing for businesses that have strong assets and need access to working capital. But is asset-based lending the right choice for your...