Winter is coming…and so is tax season. While Tax Season is not quite as scary as that last season of Game of Thrones, navigating your taxes alone can be pretty […]
Being a small business owner is no small feat. We empathize with the struggles each small business has gone through in 2020 just to stay afloat amidst all the shutdowns […]
Ever got a phone call from a random number claiming to be an IRS agent trying to intimidate you into paying some huge sum of money? Hopefully none of you […]
At MKA, we are more than just an accounting firm. We care about our community, and for that reason, philanthropy is a one of our company’s focal points. MKA has […]
In the week of March 21st, millions of American were applying for unemployment. Simultaneously, the rate of job loss in the U.S. exceeded job loss during the worst weeks of […]
This presidential election has been unprecedented with everything going on in the world. The fact that it is happening during a global pandemic has made it even crazier. With the […]
If you own a small business, consider the following strategies to minimize your tax bill for 2020. Net Operating Losses (NOLs). The CARES Act relaxed many NOL limitations that were […]
Here are some planning strategies that may lower your individual income tax bill for 2020. Take Advantage of Generous Standard Deduction Allowances. If your annual deductions will be close to […]
Lending to friends and relatives is a tricky business, and not only because of the stress it can place on your relationships. There are tax issues involved as well. If […]
If you are like millions of taxpayers in the service industry, you may receive tips. The tax code is clear; if you receive tips you must report them as income. […]
