https://www.mbkcpa.com https://www.mbkcpa.com/tax-planning-opportunities-for-real-estate-using-like-kind-exchanges Selling appreciated real estate can trigger significant taxes that reduce reinvestment opportunities. Wed, 10 Jun 2026 20:40:09 GMT https://www.mbkcpa.com/tax-planning-opportunities-for-real-estate-using-like-kind-exchanges thumbnail main image https://www.mbkcpa.com/law-enforcement-torch-run-special-olympics MBK hosted for a second year the Law Enforcement Torch Run for Special Olympics Massachusetts as the Guardians of the Flame carried the Flame of Hope to Boston, MA. Wed, 10 Jun 2026 19:31:16 GMT https://www.mbkcpa.com/law-enforcement-torch-run-special-olympics community,News & Events thumbnail main image https://www.mbkcpa.com/5-critical-kpis-for-nonprofits-in-uncertain-times Thoughtful planning and tracking can provide a measure of stability, even when nonprofits are facing macroeconomic headwinds. If it doesn’t already, your nonprofit should monitor key performance indicators (KPIs). Tue, 02 Jun 2026 18:27:10 GMT https://www.mbkcpa.com/5-critical-kpis-for-nonprofits-in-uncertain-times Non-Profit thumbnail main image https://www.mbkcpa.com/how-you-might-bridge-funding-gaps-with-the-new-markets-tax-credit Nonprofits struggling to secure the capital needed for capital projects might want to look at the New Markets Tax Credit. Mon, 01 Jun 2026 20:34:40 GMT https://www.mbkcpa.com/how-you-might-bridge-funding-gaps-with-the-new-markets-tax-credit Non-Profit thumbnail main image https://www.mbkcpa.com/mbk-announces-new-hire Extending a warm welcome to Mackenzie Lagoy, Associate, to the firm's Taxation department! Wed, 27 May 2026 12:34:42 GMT https://www.mbkcpa.com/mbk-announces-new-hire Press Release,News & Events thumbnail main image https://www.mbkcpa.com/businesses-are-vulnerable-to-identity-theft Tax Tip: Online identity theft is a growing threat that can cripple your company or shut it down forever. Tue, 12 May 2026 10:00:37 GMT https://www.mbkcpa.com/businesses-are-vulnerable-to-identity-theft tax,Taxation,Business thumbnail main image https://www.mbkcpa.com/what-to-know-about-the-new-trump-accounts The One Big Beautiful Bill Act introduced Trump Accounts, a new tax-advantaged savings option designed to help children build long-term wealth. With potential government seed funding, tax-deferred growth and contribution opportunities from families and employers, these accounts create new planning opportunities. Thu, 07 May 2026 15:22:44 GMT https://www.mbkcpa.com/what-to-know-about-the-new-trump-accounts Individuals,tax,Taxation,irs thumbnail main image https://www.mbkcpa.com/profits-interests-a-tax-efficient-incentive-compensation-tool Profits interests can be a tax-efficient way for businesses structured as partnerships and limited liability companies to attract and retain talent when cash compensation is limited. Thu, 30 Apr 2026 18:31:59 GMT https://www.mbkcpa.com/profits-interests-a-tax-efficient-incentive-compensation-tool Hospitality,Construction,Family & Independent,Healthcare,Management Advisory,Manufacturing,Taxation,Business thumbnail main image https://www.mbkcpa.com/preserve-your-investment-portfolio-with-a-smart-spending-policy Nonprofits with investment portfolios should consider adopting effective spending policies. There is no one optimal policy that should be followed, the best option will vary on a variety of factors. Thu, 23 Apr 2026 18:10:01 GMT https://www.mbkcpa.com/preserve-your-investment-portfolio-with-a-smart-spending-policy Non-Profit thumbnail main image https://www.mbkcpa.com/the-value-of-volunteers In recent research, it is estimated that one hour of volunteer time is worth $34.79 and could be more valuable depending on the location and when provided by certain professionals. Mon, 13 Apr 2026 14:07:10 GMT https://www.mbkcpa.com/the-value-of-volunteers Non-Profit thumbnail main image https://www.mbkcpa.com/feeling-philanthropic-avoid-splitting-property-among-charities Tax Tip: Donors should consider leaving an asset to a single charity, such as a private foundation, to determine its ultimate disposition. Mon, 13 Apr 2026 13:49:35 GMT https://www.mbkcpa.com/feeling-philanthropic-avoid-splitting-property-among-charities tax,Taxation thumbnail main image https://www.mbkcpa.com/irs-deadlines-and-the-usps-timely-mailed-rule Under the new USPS rules, the postmark may not accurately reflect the date the documents were mailed. Exercise caution for the rest of the tax filing season and wrap up 2025 by steering clear of postal penalties and future headaches. Thu, 09 Apr 2026 19:56:46 GMT https://www.mbkcpa.com/irs-deadlines-and-the-usps-timely-mailed-rule Individuals,Taxation thumbnail main image https://www.mbkcpa.com/recognizing-q1-work-milestones Congratulations to our staff who are celebrating work anniversaries in quarter one! Your unwavering dedication and commitment are invaluable. Mon, 30 Mar 2026 16:30:56 GMT https://www.mbkcpa.com/recognizing-q1-work-milestones News & Events thumbnail main image https://www.mbkcpa.com/endowment-management-101 Nonprofit organizations that have an endowment must adhere to certain regulations, including when it comes to spending from investment income. For this reason, many nonprofits opt to have a financial professional manage their endowment investments. Fri, 27 Mar 2026 12:30:16 GMT https://www.mbkcpa.com/endowment-management-101 Non-Profit thumbnail main image https://www.mbkcpa.com/the-irs-dirty-dozen-for-2026 Every year, the IRS releases its "Dirty Dozen" list of common scams and schemes that taxpayers should be aware of. As we enter the peak of tax season, make sure you stay alert and aware. Wed, 25 Mar 2026 15:38:22 GMT https://www.mbkcpa.com/the-irs-dirty-dozen-for-2026 Estates and Trusts,Hospitality,Assurance,Construction,Family & Independent,irs,Professional Services,Real Estate,Employee Benefit Plan Audit,Healthcare,Individuals,Taxation,Manufacturing,News & Events,Business,Wholesale & Distribution,Business Valuation thumbnail main image https://www.mbkcpa.com/understanding-board-designated-net-assets Sometimes donors put restrictions on their donated funds, and in other instances, nonprofit boards place limits on certain assets. Board-designated net assets can prove critical to the survival of programs, projects, or an organization itself. Mon, 23 Mar 2026 17:28:51 GMT https://www.mbkcpa.com/understanding-board-designated-net-assets Non-Profit thumbnail main image https://www.mbkcpa.com/mbk-recently-welcomed-four-new-hires Welcome to the team Anthony, Laurel, Ashlie, and Robert, MBK is excited to have you here! Thu, 19 Mar 2026 13:13:31 GMT https://www.mbkcpa.com/mbk-recently-welcomed-four-new-hires Press Release,News & Events thumbnail main image https://www.mbkcpa.com/tax-saving-estate-plan-strategies Individuals who would like to benefit their favorite charities while creating an income stream for themselves or a loved one may want to consider incorporating a charitable remainder trust (CRT) into their estate plans. A CRT is an irrevocable trust to which you contribute stock or other assets. Tue, 17 Mar 2026 13:00:18 GMT https://www.mbkcpa.com/tax-saving-estate-plan-strategies Estates and Trusts,Taxation thumbnail main image https://www.mbkcpa.com/what-could-happen-if-you-don-t-file-your-taxes Tax Tip: If you're required to file a tax return but don’t, the IRS might step in and file one for you. Tue, 10 Mar 2026 10:00:01 GMT https://www.mbkcpa.com/what-could-happen-if-you-don-t-file-your-taxes Individuals,tax,Taxation thumbnail main image https://www.mbkcpa.com/could-you-use-a-break For manufacturers planning to build new facilities or expand their existing plants, last year’s One Big Beautiful Bill Act introduced a powerful new tax incentive. Mon, 02 Mar 2026 13:30:04 GMT https://www.mbkcpa.com/could-you-use-a-break Manufacturing,Taxation thumbnail main image https://www.mbkcpa.com/new-far-thresholds There are five updates to the Federal Acquisition Regulation's (FAR) thresholds: micro-purchases, small purchases, sealed bid, proposal and noncompetitive that nonprofits should be aware of. Fri, 27 Feb 2026 21:12:13 GMT https://www.mbkcpa.com/new-far-thresholds Non-Profit thumbnail main image https://www.mbkcpa.com/tax-planning-for-investors-know-your-basis-and-holding-period When investors sell stocks or mutual fund shares, calculating the gain or loss for tax purposes is simply the difference between the sale price and the cost basis. In practice, however, it can get complicated. That’s because many people buy multiple shares of the same investments over time at different prices. Fri, 27 Feb 2026 18:23:27 GMT https://www.mbkcpa.com/tax-planning-for-investors-know-your-basis-and-holding-period Taxation thumbnail main image https://www.mbkcpa.com/renting-to-family-and-friends-handle-with-care Tax Tip: Did you know the IRS will consider a rental property a personal residence if you rent below fair market rent to a family or friend? Tue, 17 Feb 2026 14:39:50 GMT https://www.mbkcpa.com/renting-to-family-and-friends-handle-with-care tax,Taxation thumbnail main image https://www.mbkcpa.com/meyers-brothers-kalicka-p-c-announces-2026-promotions Congratulations to all MBK staff members who have been promoted effective January 1, 2026. Thu, 05 Feb 2026 19:06:57 GMT https://www.mbkcpa.com/meyers-brothers-kalicka-p-c-announces-2026-promotions Press Release,News & Events thumbnail main image https://www.mbkcpa.com/are-you-ready-to-file-your-2025-taxes Tax season has officially kicked off. Make sure you are organized and ready to file timely. Thu, 05 Feb 2026 17:03:47 GMT https://www.mbkcpa.com/are-you-ready-to-file-your-2025-taxes Family & Independent,tax,Individuals,Taxation thumbnail main image https://www.mbkcpa.com/the-phase-out-of-paper-checks-an-electronic-future The phase out of paper checks has begun as the IRS shifts towards a modernized practice of using electronic payments. This order primarily effects individual or fiduciary tax payers since most businesses have already been required to use electronic payments. Sat, 31 Jan 2026 16:08:05 GMT https://www.mbkcpa.com/the-phase-out-of-paper-checks-an-electronic-future Individuals,Taxation,Business thumbnail main image https://www.mbkcpa.com/a-buy-sell-agreement-has-estate-benefits Tax Tip: If a business doesn't have a buy-sell agreement in place, heirs may face significant challenges when the owner dies. Mon, 12 Jan 2026 20:37:56 GMT https://www.mbkcpa.com/a-buy-sell-agreement-has-estate-benefits tax,Taxation thumbnail main image https://www.mbkcpa.com/add-tax-reporting-to-your-special-event-s-to-do-list Special events require an enormous amount of planning. So it’s understandable when nonprofit staffers push “tax compliance” to the bottom of their to-do lists. However, tax reporting for events may be different from and more difficult than what they’re used to reporting with other activities. Wed, 07 Jan 2026 13:31:00 GMT https://www.mbkcpa.com/add-tax-reporting-to-your-special-event-s-to-do-list Non-Profit thumbnail main image https://www.mbkcpa.com/2025-federal-information-return-reporting-considerations Navigate the upcoming tax filing season as an employer by making sure you comply with the federal information reporting requirements. Most forms are required to be electronically filed. Mon, 05 Jan 2026 19:17:36 GMT https://www.mbkcpa.com/2025-federal-information-return-reporting-considerations Hospitality,Family & Independent,Healthcare,Taxation,Manufacturing,Business,Wholesale & Distribution,Professional Services thumbnail main image https://www.mbkcpa.com/highlights-of-the-revised-uniform-guidance Federal agencies were required to adopt the U.S. Office of Management and Budget’s (OMB) latest revised Uniform Guidance (UG) by October 1, 2024. The revisions are being welcomed by many nonprofit organizations, due to the changes aim to help reduce the burden on recipients and sub-recipients of federal grants. Mon, 05 Jan 2026 16:13:55 GMT https://www.mbkcpa.com/highlights-of-the-revised-uniform-guidance Non-Profit thumbnail main image https://www.mbkcpa.com/time-to-review-compensation-keep-excess-benefit-transactions-in-mind In a tight job market, where nonprofit organizations are competing with for-profit businesses for talent, it may be necessary to raise compensation. However, potential tax penalties can result if the IRS deems compensation more than reasonable Mon, 05 Jan 2026 16:02:27 GMT https://www.mbkcpa.com/time-to-review-compensation-keep-excess-benefit-transactions-in-mind Non-Profit,EBP thumbnail main image https://www.mbkcpa.com/year-end-tax-update-webinar-roundtable On December 12th MBK Senior Manager Mary Walsh and Tax Supervisors Olivia Calcasola and Elise Puza presented a special hybrid roundtable discussion with individuals and business leaders. Tue, 23 Dec 2025 20:33:31 GMT https://www.mbkcpa.com/year-end-tax-update-webinar-roundtable Taxation,News & Events,Business thumbnail main image https://www.mbkcpa.com/mbk-adopted-two-families-this-holiday-season MBK ‘adopted’ two families of four and fulfilled their Christmas wish lists. Led by team leader, Olivia Calcasola, employees at MBK donated gifts for all family members and raised over $500. All together, the team was able to provide each child with multiple toys, clothes and shoes, and gifts for the parents! Fri, 19 Dec 2025 21:14:13 GMT https://www.mbkcpa.com/mbk-adopted-two-families-this-holiday-season community,News & Events thumbnail main image https://www.mbkcpa.com/how-would-your-nonprofit-handle-a-leader-s-departure This article discusses the importance of succession planning for every employee who’s considered indispensable and difficult to replace. It advises nonprofits to consider various departure scenarios and to groom potential successors using job shadowing and mentoring. Wed, 17 Dec 2025 12:00:13 GMT https://www.mbkcpa.com/how-would-your-nonprofit-handle-a-leader-s-departure Non-Profit,Management Advisory thumbnail main image https://www.mbkcpa.com/workforce-career-development-in-the-accounting-industry-a-gen-z-perspective The accounting industry is constantly evolving, especially with the generational and technological transformation. Youthful careers are starting earlier and earlier year after year. Mon, 15 Dec 2025 21:07:10 GMT https://www.mbkcpa.com/workforce-career-development-in-the-accounting-industry-a-gen-z-perspective Recruiting,News & Events thumbnail main image https://www.mbkcpa.com/effective-onboarding-for-your-nonprofit-s-board-members Welcoming new members onto your nonprofit organization’s board is a critical process that determines how effective and engaged they'll be over the long term. Tue, 02 Dec 2025 17:11:32 GMT https://www.mbkcpa.com/effective-onboarding-for-your-nonprofit-s-board-members Non-Profit thumbnail main image https://www.mbkcpa.com/exceptions-to-the-10-early-withdrawal-penalty-for-iras Tax Tip: If you have a tax-deferred retirement plan, you probably know they’re designed to encourage you to grow your savings by leaving your money in the account. Therefore, withdrawals before age 59 ½ generally trigger a 10% penalty. But suppose you need to access your funds. Tue, 25 Nov 2025 22:06:33 GMT https://www.mbkcpa.com/exceptions-to-the-10-early-withdrawal-penalty-for-iras tax,Taxation thumbnail main image https://www.mbkcpa.com/mbk-partnered-with-jammie-jingle For the second year in a row, Meyers Brothers Kalicka, P.C. (MBK) held a pajama drive for Jammie Jingle as one of the fall community service initiatives. Tue, 25 Nov 2025 21:23:42 GMT https://www.mbkcpa.com/mbk-partnered-with-jammie-jingle community,News & Events thumbnail main image https://www.mbkcpa.com/celebrating-community-connection-and-gratitude As we gather this week to celebrate Thanksgiving, we want to take a moment to reflect on what truly matters… gratitude. To you, our valued clients, employees, and our community: thank you for being an essential part of our journey! Tue, 25 Nov 2025 18:30:14 GMT https://www.mbkcpa.com/celebrating-community-connection-and-gratitude News & Events thumbnail main image https://www.mbkcpa.com/new-law-new-amt-rules-are-you-at-risk The alternative minimum tax (AMT) is similar to the regular federal tax system, but it has a different purpose. The AMT exists to make sure that people with certain types of income still pay taxes, regardless of the deductions they may qualify for. Tue, 11 Nov 2025 18:40:15 GMT https://www.mbkcpa.com/new-law-new-amt-rules-are-you-at-risk Individuals,Taxation thumbnail main image https://www.mbkcpa.com/individual-tax-planning-2025 As we enter the final months of 2025, it is important to think about setting yourself up for financial success. Consider these individual year-end tax planning tips. Fri, 07 Nov 2025 15:36:05 GMT https://www.mbkcpa.com/individual-tax-planning-2025 tax,Individuals,Taxation thumbnail main image https://www.mbkcpa.com/business-tax-planning-2025 The end if the year is an optimal time for tax planning for both individuals and business owners. The new tax legislation enacted in 2025 significantly complicates matters compared to other years. Tue, 04 Nov 2025 15:27:59 GMT https://www.mbkcpa.com/business-tax-planning-2025 Brewery,Hospitality,Construction,Industrial,tax,Automotive,Professional Services,Real Estate,Healthcare,Manufacturing,Taxation,Business,Wholesale & Distribution thumbnail main image https://www.mbkcpa.com/businesses-should-prepare-for-changing-irs-reporting-requiremnts Over a certain amount, payments made in the course of a trade or business must be reported to the payees and to the IRS, using a specific IRS form. Mon, 03 Nov 2025 13:01:19 GMT https://www.mbkcpa.com/businesses-should-prepare-for-changing-irs-reporting-requiremnts Taxation thumbnail main image https://www.mbkcpa.com/charitable-giving-under-the-new-tax-law As the end of the year approaches, many people begin thinking about philanthropy. While planning charitable giving, it’s important to consider the potential impact of the One Big Beautiful Bill Act (OBBBA), signed into law on July 4. Thu, 30 Oct 2025 18:22:19 GMT https://www.mbkcpa.com/charitable-giving-under-the-new-tax-law Taxation thumbnail main image https://www.mbkcpa.com/need-employees-this-tax-credit-may-help Tax Tip: The Work Opportunity Tax Credit (WOTC) is available to employers that hire workers from targeted groups who face significant barrier to employment. Mon, 13 Oct 2025 20:21:59 GMT https://www.mbkcpa.com/need-employees-this-tax-credit-may-help tax,Taxation thumbnail main image https://www.mbkcpa.com/hunger-awareness-food-drive-supporting-alianza-dv-organization-through-rachel-s-table Each September, individuals and communities nationwide unite for Hunger Action Month taking action against hunger and food insecurity. This past September, MBK held a successful food drive supporting Alianza DV Organization through Rachel's Table. Mon, 13 Oct 2025 16:14:43 GMT https://www.mbkcpa.com/hunger-awareness-food-drive-supporting-alianza-dv-organization-through-rachel-s-table community,News & Events thumbnail main image https://www.mbkcpa.com/workaholism-the-overlooked-addiction In many ways, work is one of the biggest defining characteristics of a human being. What you do for work becomes a large part of who you are, how you see the world, how you live, and what you talk about. Work ethic and personal success has become a common status symbol within the community and between peers. Thu, 09 Oct 2025 12:52:19 GMT https://www.mbkcpa.com/workaholism-the-overlooked-addiction News & Events thumbnail main image https://www.mbkcpa.com/valuation-discounts-for-gift-and-estate-planning High-net-worth individuals hoping to preserve wealth for future generations must engage in careful gift and estate planning. With progressive rates of 18% to 40%, federal gift and estate taxes (“transfer” taxes) can be steep, making tax planning critical to wealth preservation. Tue, 07 Oct 2025 13:24:41 GMT https://www.mbkcpa.com/valuation-discounts-for-gift-and-estate-planning Estates and Trusts,Individuals,Business Valuation thumbnail main image https://www.mbkcpa.com/mbk-q3-work-anniversaries-honoring-dedication-and-achievements Congratulations to our staff who are celebrating their work anniversaries in Q3! Mon, 06 Oct 2025 13:33:35 GMT https://www.mbkcpa.com/mbk-q3-work-anniversaries-honoring-dedication-and-achievements News & Events thumbnail main image https://www.mbkcpa.com/announcing-three-new-hires-at-mbk Extending a warm welcome to MBK's most recent hires - Edmund Keyes III, Mary Walsh, and JoLynn Wells! Wed, 01 Oct 2025 13:43:11 GMT https://www.mbkcpa.com/announcing-three-new-hires-at-mbk Press Release,News & Events thumbnail main image https://www.mbkcpa.com/planning-for-2025-and-the-future-with-the-new-tax-law Will you be able to benefit from the One Big, Beautiful Bill Act (OBBBA), signed into law earlier this year? The law makes many tax provisions, which were scheduled to expire at year end, permanent and includes other favorable changes for individual taxpayers. Tue, 30 Sep 2025 16:10:21 GMT https://www.mbkcpa.com/planning-for-2025-and-the-future-with-the-new-tax-law Individuals,Taxation,Business thumbnail main image https://www.mbkcpa.com/are-your-business-expenses-properly-substantiated Tax Tip: Businesses can generally deduct their “ordinary and necessary” business expenses. But even a legitimate expense isn’t deductible unless it’s adequately substantiated. Tue, 23 Sep 2025 19:44:46 GMT https://www.mbkcpa.com/are-your-business-expenses-properly-substantiated tax,Taxation thumbnail main image https://www.mbkcpa.com/a-brief-history-of-women-in-accounting Accounting hasn’t always been an open profession for women. For much of the 19th and early 20th centuries, women were excluded from formal financial roles, limited by both law and bias. Today, barriers are being broken and women are leading the way. Fri, 19 Sep 2025 13:30:00 GMT https://www.mbkcpa.com/a-brief-history-of-women-in-accounting News & Events thumbnail main image https://www.mbkcpa.com/s-corporation-year-end-payroll-reporting-considerations-fringe-benefits As year-end approaches, employers must ensure payroll is accurate for tax reporting. W-2s are due 1/31, so it’s crucial to review compensation and properly report all benefits, including fringe benefits. Wed, 17 Sep 2025 14:19:33 GMT https://www.mbkcpa.com/s-corporation-year-end-payroll-reporting-considerations-fringe-benefits thumbnail main image https://www.mbkcpa.com/one-big-beautiful-bill-act The OBBBA contains more than 110 tax provisions. Most are effective beginning in 2026. However, a number of important provisions are effective in 2025. Tue, 02 Sep 2025 14:43:46 GMT https://www.mbkcpa.com/one-big-beautiful-bill-act Individuals,Taxation,News & Events,Business thumbnail main image https://www.mbkcpa.com/supporting-students-through-stuff-the-bus-a-community-effort For a fourth year, team MBK donated school supplies to United Way of Pioneer Valley's Stuff the Bus campaign. Tue, 26 Aug 2025 14:41:04 GMT https://www.mbkcpa.com/supporting-students-through-stuff-the-bus-a-community-effort community,News & Events thumbnail main image https://www.mbkcpa.com/new-accounting-rules-for-crypto-donations-go-into-effect Cryptocurrency donations to nonprofits have become more common, so has the need for clear and consistent accounting standards. Tue, 19 Aug 2025 13:23:18 GMT https://www.mbkcpa.com/new-accounting-rules-for-crypto-donations-go-into-effect Non-Profit thumbnail main image https://www.mbkcpa.com/a-daf-may-pair-perfectly-with-an-estate-plan Tax Tip: Using a donor-advised fund (DAF) is worth considering if charitable giving is high on your estate planning objectives. What’s the main attraction? Among other things, a DAF can give you greater control over your charitable endeavors than direct donations. Tue, 12 Aug 2025 17:33:16 GMT https://www.mbkcpa.com/a-daf-may-pair-perfectly-with-an-estate-plan tax,Taxation thumbnail main image https://www.mbkcpa.com/behind-the-boxes-a-day-at-the-food-bank-warehouse Congratulations to the team for their dedication on sorting, organizing, and packaging 3,500 pounds of food for the Food Bank of Western Massachusetts Warehouse. Mon, 04 Aug 2025 18:09:10 GMT https://www.mbkcpa.com/behind-the-boxes-a-day-at-the-food-bank-warehouse community,News & Events thumbnail main image https://www.mbkcpa.com/handling-controversial-contributions Accepting every donation may not always serve the nonprofit's best interest. Gifts from donors involved in illegal, unethical or controversial activities can potentially expose organizations to embarrassment and reputational damage. Wed, 30 Jul 2025 13:00:15 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/handling-controversial-contributions Non-Profit thumbnail main image https://www.mbkcpa.com/the-other-side-of-victory-stories-and-lessons-from-women-in-sports Women are breaking barriers through passion, resilience, and commitment. Not just striving for the next opportunity, but are redefining what is possible. Mon, 28 Jul 2025 17:55:01 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/the-other-side-of-victory-stories-and-lessons-from-women-in-sports News & Events thumbnail main image https://www.mbkcpa.com/are-you-sure-about-those-beneficiaries “Nonprobate assets” bypass more traditional estate planning vehicles, such as a will or revocable trust. Instead, they’re transferred to family members through beneficiary designations. Fri, 25 Jul 2025 13:00:11 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/are-you-sure-about-those-beneficiaries Estates and Trusts,Family & Independent,Individuals,tax,Taxation thumbnail main image https://www.mbkcpa.com/nonprofits-and-federal-government-grants Nonprofits that depend on federal government grants are probably dealing with a lot of uncertainty right now. But they may have options to replace lost revenue. Tue, 22 Jul 2025 17:52:31 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/nonprofits-and-federal-government-grants Non-Profit thumbnail main image https://www.mbkcpa.com/cash-accrual To handle their finances and file taxes, most small business owners must decide between two accounting methods: cash or accrual. This decision determines how and when income and expenses are reported, which can have a major effect on tax obligations and cash flow. Tue, 22 Jul 2025 17:02:10 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/cash-accrual Taxation,Business thumbnail main image https://www.mbkcpa.com/choose-the-right-ownership-structure-when-buying-a-vacation-home Tax Tip: Make sure you chose the correct ownership structure when buying a vacation home. Mon, 23 Jun 2025 18:18:11 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/choose-the-right-ownership-structure-when-buying-a-vacation-home Taxation,Business thumbnail main image https://www.mbkcpa.com/five-common-estate-planning-traps-to-avoid Having a well-crafted estate plan can help ensure your wishes are carried out after your death, providing a peace of mind that your family will be taken care of as intended. Wed, 18 Jun 2025 13:00:15 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/five-common-estate-planning-traps-to-avoid Estates and Trusts thumbnail main image https://www.mbkcpa.com/three-years-of-teamwork-with-a-bed-for-every-child A Bed for Every Child's build a bed program took place at MBK on June 13th in collaboration with Charter Oak Financial Group and Colebrook. Fri, 13 Jun 2025 18:46:02 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/three-years-of-teamwork-with-a-bed-for-every-child community,News & Events thumbnail main image https://www.mbkcpa.com/making-a-difference-one-paw-at-a-time For the month of May, MBK held a pet drive spearheaded by Francine Murphy and Caitlin Humphrey. Donations went to Better Together Dog Rescue and Westfield Homeless Cat Project. Thu, 12 Jun 2025 14:14:30 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/making-a-difference-one-paw-at-a-time community,News & Events thumbnail main image https://www.mbkcpa.com/mbk-partnered-with-the-law-enforcement-torch-run-for-special-olympics On June 4th, MBK hosted the Final Leg of the Law Enforcement Torch Run for Special Olympics. The rally was spearheaded by Lauren Foley and Chris Soderberg. Together they brought together several business to cheer on the athletes and officers as they carried the torch through Massachusetts. Tue, 10 Jun 2025 14:48:09 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/mbk-partnered-with-the-law-enforcement-torch-run-for-special-olympics community,News & Events thumbnail main image https://www.mbkcpa.com/special-estate-planning-required-if-an-estate-includes-firearms Tax Tip: Without proper planning, there’s a risk that the government will confiscate your guns or that the executor of your estate, your trustees or your beneficiaries will inadvertently commit a felony. Plan ahead by considering creating a gun trust and appoint a trustee who has experience on gun laws and safety. Tue, 10 Jun 2025 13:50:36 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/special-estate-planning-required-if-an-estate-includes-firearms tax,Taxation thumbnail main image https://www.mbkcpa.com/grow-together-team-mbk-s-day-at-the-farm On May 30th, Team MBK volunteered at the Food Bank of Western Massachusetts’ Cultivating for Community Farm in Hadley. They planted basil, tomato, and lettuce, and installed netting to protect the young crops. Fri, 06 Jun 2025 12:36:29 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/grow-together-team-mbk-s-day-at-the-farm community,News & Events thumbnail main image https://www.mbkcpa.com/carefully-documenting-expenses-is-key-to-surviving-the-irs-scrutiny Business owners either established or just starting up, should maintain accurate records for income and expenses. Carefully documenting expenses is essential to claiming all eligible tax deductions. Having good standing records can help defend amounts reported on tax returns in case of an IRS audit or court challenge. Tue, 03 Jun 2025 20:09:29 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/carefully-documenting-expenses-is-key-to-surviving-the-irs-scrutiny Taxation,Business thumbnail main image https://www.mbkcpa.com/mindfulness-and-mentorship-steps-to-building-an-effective-mentorship The value of an effective mentorship can make a difference in personal and professional growth of employees. Overall effecting the performance of individuals involved, increasing productivity, and fostering self-development through encouragement in the expansion of professional expertise. Wed, 28 May 2025 15:18:45 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/mindfulness-and-mentorship-steps-to-building-an-effective-mentorship Recruiting,Assurance,Taxation,Business thumbnail main image https://www.mbkcpa.com/get-to-know-the-unusual-general-business-credit Tax Tip: Tax credits are more valuable than a tax deduction, however they are not unlimited. The general business credit can limit the aggregate value of tax credits. Mon, 12 May 2025 16:51:15 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/get-to-know-the-unusual-general-business-credit Taxation,Business thumbnail main image https://www.mbkcpa.com/withholding-and-estimated-taxes Tax returns are due but once a year. However, paying taxes — through withholding from taxpayer wages, estimated tax payments, or both — is a year-round activity. That’s why it’s a good idea for taxpayers to review their tax payments regularly throughout the year to ensure they’re as accurate as possible. Mon, 05 May 2025 16:38:34 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/withholding-and-estimated-taxes Taxation thumbnail main image https://www.mbkcpa.com/an-update-to-keep-an-eye-on-new-audit-and-review-thresholds-for-non-profits-operating-in-massachusetts As of November 2024, for Non-Profits operating in Massachusetts there are new audit and review thresholds to keep an eye on at a state and federal level. Mon, 28 Apr 2025 13:34:58 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/an-update-to-keep-an-eye-on-new-audit-and-review-thresholds-for-non-profits-operating-in-massachusetts Non-Profit,News & Events thumbnail main image https://www.mbkcpa.com/adequately-disclose-your-asset-transfers-on-a-gift-tax-return When making transfers of business interests or other assets to family members, there’s a three-year period where the IRS can challenge their values for gift tax purposes. During that time, the tax agency can claim the transfers originally treated as nongifts were actually gifts or partial gifts. Thu, 10 Apr 2025 19:03:39 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/adequately-disclose-your-asset-transfers-on-a-gift-tax-return Taxation thumbnail main image https://www.mbkcpa.com/are-you-eligible-for-the-self-employed-health-insurance-deduction If you are self-employed there could be a chance that you are eligible for the self-employed health insurance deduction. Keeping in mind that the deduction can't exceed the net income you earn from your business. Fri, 04 Apr 2025 20:07:03 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/are-you-eligible-for-the-self-employed-health-insurance-deduction Taxation thumbnail main image https://www.mbkcpa.com/q1-work-anniversaries-honoring-dedication-and-achievements Congratulations again to our colleagues celebrating work anniversaries in Q1 2025. Here’s to more years of shared success! Mon, 31 Mar 2025 15:11:07 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/q1-work-anniversaries-honoring-dedication-and-achievements News & Events thumbnail main image https://www.mbkcpa.com/is-your-finance-committee-up-to-the-task Differentiating the responsibilities of a nonprofit's finance committee is critical for success and longevity. Consider these best practice guidelines to help your finance committee. Wed, 26 Mar 2025 13:23:43 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/is-your-finance-committee-up-to-the-task Non-Profit thumbnail main image https://www.mbkcpa.com/tax-season-tip-submitting-information Tax season is in full swing and Tax Day is in the near future. Help our tax professionals help you with these simple steps on submitting clean, crisp, legible documents. Thu, 20 Mar 2025 16:39:37 GMT https://www.mbkcpa.com/tax-season-tip-submitting-information tax,Taxation thumbnail main image https://www.mbkcpa.com/qualified-small-business-stock Under the right circumstances, qualified small business stock (QSBS) offers tax savings for business owners. Essentially, QSBS allows them (and their heirs) to sell their stock free of capital gains tax. Tue, 18 Mar 2025 20:25:35 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/qualified-small-business-stock Taxation,Business thumbnail main image https://www.mbkcpa.com/know-your-board-members Non-profit organizations committed to keeping their boards collegial, supportive, and effective need to pay particular attention during the onboarding stage. Consider running background checks on a regular basis. Thu, 13 Mar 2025 12:00:02 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/know-your-board-members Non-Profit thumbnail main image https://www.mbkcpa.com/watch-out-for-fake-charities Fake charities tend to appear when there are natural disasters or other tragic events. Keep yourself protected from fake charities by looking out for these red flags. Mon, 10 Mar 2025 13:52:22 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/watch-out-for-fake-charities Taxation thumbnail main image https://www.mbkcpa.com/what-s-your-retirement-spending-plan Having a solid saving strategy is critical to maintaining one’s current lifestyle in retirement. It’s just as important to have a well-thought-out retirement spending plan. Mon, 03 Mar 2025 20:43:38 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/what-s-your-retirement-spending-plan Individuals,Taxation thumbnail main image https://www.mbkcpa.com/better-fundraising Nonprofits shoulder a wide range of different compliance responsibilities. With so much to manage, the initial and ongoing requirements of applicable state charitable solicitation laws can sometimes fall through the cracks. Tue, 25 Feb 2025 16:53:20 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/better-fundraising Non-Profit thumbnail main image https://www.mbkcpa.com/in-memory-steve-kaplan Steve Kaplan, a remarkable leader, mentor, friend, and colleague to all of us at MBK. Known for his bow ties and shining smile. His memory will continue to inspire and be honored for years to come. Mon, 24 Feb 2025 14:08:05 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/in-memory-steve-kaplan News & Events thumbnail main image https://www.mbkcpa.com/boi-injunction-lifted Wed, 19 Feb 2025 20:55:09 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/boi-injunction-lifted News & Events,Business thumbnail main image https://www.mbkcpa.com/the-upsides-of-delegating-tasks Some nonprofit executives try to control as much as they can. But micromanagement isn’t conducive to creating an effective team. Mon, 10 Feb 2025 13:51:49 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/the-upsides-of-delegating-tasks Non-Profit,Management Advisory thumbnail main image https://www.mbkcpa.com/boi-reporting-update February 7, 2025 FinCEN will consider changes to the BOI reporting requirements if a court grants the government's request for a stay of a nationwide injunction in a Texas case, according to a motion filed Wednesday, February 5th. If the stay is granted, FinCEN will extend BOI filing deadlines for 30 days, the government said in its filing in Samantha Smith and Robert Means v. U.S. Department of the Treasury, No. 6:24-CV-336 (E.D. Texas 1/7/25). BOI reporting is currently voluntary, pending further legal developments. Businesses and stakeholders should stay alert for additional updates as the situation evolves Thu, 06 Feb 2025 18:49:33 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/boi-reporting-update News & Events,Business thumbnail main image https://www.mbkcpa.com/matching-roth-contributions-potential-pitfalls The potential pitfalls of electing to take an employer's matching 401(k) plan contributions as Roth contributions. Tue, 04 Feb 2025 21:04:19 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/matching-roth-contributions-potential-pitfalls tax,Individuals,Taxation thumbnail main image https://www.mbkcpa.com/family-matters U.S. citizens are subject to federal gift and estate taxes on transfers of their assets during life (via gift tax) or at death (via estate tax). However, they enjoy certain exemptions, such as exclusions and deductions. For individuals who aren’t U.S. citizens, traditional estate planning tools may not adequately minimize their gift and estate tax exposure. Thu, 30 Jan 2025 14:45:00 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/family-matters Estates and Trusts,Individuals,Taxation thumbnail main image https://www.mbkcpa.com/meyers-brothers-kalicka-p-c-announces-2024-promotions MBK is proud to announce several promotions within our staff. Fri, 17 Jan 2025 15:43:37 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/meyers-brothers-kalicka-p-c-announces-2024-promotions Press Release,News & Events thumbnail main image https://www.mbkcpa.com/handle-your-ira-rollovers-with-care There are many several positive reasons for rolling over funds from one IRA to another, or from a 401(k) plan or other employer retirement plan to an IRA. They include wanting to consolidate retirement savings into one account or moving funds from one account into another that offers more attractive investment options. Care should be taken to avoid the common mistakes that can happen when rolling over. Thu, 16 Jan 2025 14:30:01 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/handle-your-ira-rollovers-with-care Individuals,Taxation thumbnail main image https://www.mbkcpa.com/mbk-celebrates-its-q4-work-anniversaries Congratulations to Q4 staff celebrating work anniversaries in 2024! Tue, 14 Jan 2025 16:49:48 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/mbk-celebrates-its-q4-work-anniversaries News & Events thumbnail main image https://www.mbkcpa.com/underpay-your-2023-taxes-consider-filing-an-amended-tax-return Did you underpay your 2023 taxes? Consider filing an amended tax return. Mon, 13 Jan 2025 20:05:17 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/underpay-your-2023-taxes-consider-filing-an-amended-tax-return Taxation,Business thumbnail main image https://www.mbkcpa.com/managing-the-business-interest-deduction-limitation At one time, businesses were able to claim a tax deduction for most business-related interest expense. But that changed with the enactment of the Tax Cuts and Jobs Act (TCJA). The TCJA created Section 163(j), which generally limits deductions of business interest to 30% of a company’s adjusted taxable income, with certain exceptions. Fri, 10 Jan 2025 14:11:04 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/managing-the-business-interest-deduction-limitation Taxation,Business thumbnail main image https://www.mbkcpa.com/three-new-hires-at-mbk Thu, 02 Jan 2025 13:00:04 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/three-new-hires-at-mbk Press Release,News & Events thumbnail main image https://www.mbkcpa.com/mbk-hosted-the-eane-finance-roundtable On December 13th MBK Partner James Krupienski, Manager Dan Eger, and Tax Supervisor Olivia Calcasola joined EANE President Allison Ebner for a special hybrid Roundtable discussion with business leaders of the Northeast. Tue, 31 Dec 2024 18:51:21 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/mbk-hosted-the-eane-finance-roundtable Taxation,News & Events,Business thumbnail main image https://www.mbkcpa.com/my-postd401be36 Succession planning is a critical component of estate planning for preserving wealth across generations, particularly for business owners and high-net-worth individuals in Western Massachusetts. Mon, 30 Dec 2024 14:00:06 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/my-postd401be36 Family & Independent,Individuals thumbnail main image https://www.mbkcpa.com/notice-appeals-court-reinstates-injunction-that-halts-boi-enforcement Ongoing coverage of the BOI reporting. As of December 27th, appeals court reinstates injunction that halts BOI enforcement. Voluntarily filing optional. Fri, 27 Dec 2024 21:20:38 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/notice-appeals-court-reinstates-injunction-that-halts-boi-enforcement News & Events,Business thumbnail main image https://www.mbkcpa.com/the-gift-of-giving In the spirit of the holiday season, the team at MBK has gone above and beyond to bring joy and warmth to foster kids and children in the surrounding Western Mass area. This year, the team took the initiative to make a difference in their community by partnering with Kind Squad, Inc. Fri, 27 Dec 2024 17:14:19 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/the-gift-of-giving community,News & Events thumbnail main image https://www.mbkcpa.com/harvest-your-portfolio-s-gains-or-losses Before year end, assess your investment portfolio and implement year-end investment strategies that can potentially minimize your tax bill. A tried-and-true strategy is harvesting gains or losses. Fri, 27 Dec 2024 13:15:01 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/harvest-your-portfolio-s-gains-or-losses Taxation thumbnail main image https://www.mbkcpa.com/notice-nationwide-injunction-lifted-and-filing-deadlines-reinstated As of December 23rd, the Nationwide Injunction is lifted and filing deadlines are reinstated. Financial Crimes Enforcement Network of the U.S. Department of Treasury (FinCEN) may again enforce the CTA. Tue, 24 Dec 2024 14:48:10 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/notice-nationwide-injunction-lifted-and-filing-deadlines-reinstated News & Events,Business thumbnail main image https://www.mbkcpa.com/charitable-giving-to-donor-advised-funds-dafs What if there were a way to support a preferred sponsoring organization while also receiving a valuable tax benefit? Giving to a donor-advised fund (DAF) might be your answer! Mon, 23 Dec 2024 17:59:06 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/charitable-giving-to-donor-advised-funds-dafs Taxation thumbnail main image https://www.mbkcpa.com/holiday-hours Happy Holidays and Happy New Year! From our family to yours, we want to wish you a safe and healthy new year! Mon, 23 Dec 2024 17:40:21 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/holiday-hours News & Events thumbnail main image https://www.mbkcpa.com/have-you-made-contingency-plans-for-your-beneficiaries Sometimes the best laid estate plan can go awry. This can happen if a beneficiary predeceases you. Mon, 16 Dec 2024 20:30:00 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/have-you-made-contingency-plans-for-your-beneficiaries Estates and Trusts,Taxation thumbnail main image https://www.mbkcpa.com/tax-cuts-and-jobs-act-update The Tax Cuts and Jobs Act was a landmark piece of legislation signed into law by President Trump in December 2017, designed to overhaul the U.S. tax code. The TCJA aimed to lower corporate tax rates, reduce individual income taxes, and make other changes to the tax code in an effort to stimulate economic growth. Given that former President Trump has made it clear that he'd like to see more tax cuts, a second term could potentially lead to further changes or extensions to the TCJA. Wed, 04 Dec 2024 19:10:44 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/tax-cuts-and-jobs-act-update Taxation thumbnail main image https://www.mbkcpa.com/preparing-for-an-audit-tips-and-best-practices Audits are a crucial aspect of maintaining the financial health and legal compliance of any organization. Mon, 02 Dec 2024 14:30:01 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/preparing-for-an-audit-tips-and-best-practices Employee Benefit Plan Audit,Marketing Audit thumbnail main image https://www.mbkcpa.com/warning-to-investors For investors, a popular year-end tax planning strategy is to “harvest” investment losses. This strategy allows them to offset investment gains plus up to $3,000 in wages or other ordinary income. However, if an investor plans to repurchase the same, or a substantially identical, security after selling an investment at a loss, watch out for the “wash sale” rule. Fri, 29 Nov 2024 13:30:00 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/warning-to-investors Taxation thumbnail main image https://www.mbkcpa.com/my-post8446e3e7 Another year wrapping up, we want to take a moment to express our deepest gratitude for the things we have been most grateful for. To you, our valued clients, employees, and our community, thank you! Wed, 27 Nov 2024 12:30:00 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/my-post8446e3e7 News & Events thumbnail main image https://www.mbkcpa.com/thanksgiving-food-drive-to-support-the-gray-house Thanksgiving is a time of year dedicated to spreading thankfulness, gratitude, and support to individuals, families, and the expansive community. Tue, 26 Nov 2024 15:53:28 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/thanksgiving-food-drive-to-support-the-gray-house community,News & Events thumbnail main image https://www.mbkcpa.com/warm-hearts-warm-coats-mbk-partners-with-hcs-head-start Thu, 21 Nov 2024 16:59:01 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/warm-hearts-warm-coats-mbk-partners-with-hcs-head-start community,News & Events thumbnail main image https://www.mbkcpa.com/navigating-business-vehicle-expense-deductions-can-be-tricky If you operate a business, you can generally deduct expenses for the business-related use of your personal vehicle. Mon, 18 Nov 2024 19:15:21 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/navigating-business-vehicle-expense-deductions-can-be-tricky Taxation,Business thumbnail main image https://www.mbkcpa.com/will-your-estate-plan-be-challenged-after-your-death Creating an estate plan is a key strategy in gaining the peace of mind that family members will be taken care of after a person’s death. Indeed, no one wants there to be confusion or hurt feelings over the division of assets. Wed, 13 Nov 2024 14:30:00 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/will-your-estate-plan-be-challenged-after-your-death Estates and Trusts thumbnail main image https://www.mbkcpa.com/backdoor-roth-ira-is-it-the-right-choice-for-you With the rapid growth of social media, we are more connected than ever, allowing immediate and constant access to a wealth of advice and information. Some of the financial advice you run into online may be beneficial but be wary of making financial decisions based on advice that is not specific to your financial situation, nor provided by a verifiable source. Tue, 12 Nov 2024 13:00:05 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/backdoor-roth-ira-is-it-the-right-choice-for-you Individuals,Taxation thumbnail main image https://www.mbkcpa.com/year-end-tax-planning As we come to the end of 2024, it’s time to discuss end of year tax planning. 2024 has seen some significant tax legislation that, if enacted in its current form, would impact year-end tax strategy. Understanding this legislation, and how it might affect 2024’s tax obligations, is essential for making informed tax planning decisions. Thu, 07 Nov 2024 18:44:24 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/year-end-tax-planning Taxation thumbnail main image https://www.mbkcpa.com/snuggle-up-mbk-partnered-with-jammie-jingle-to-donate-pajamas Allison Gaynor, an administrative assistant at the firm shared her beloved organization with MBK and spearheaded a pajama drive for Jammie Jingle. MBK collected a total of 135 pajamas to be donated to kids just in time for the holiday season. Tue, 05 Nov 2024 18:50:15 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/snuggle-up-mbk-partnered-with-jammie-jingle-to-donate-pajamas community,News & Events thumbnail main image https://www.mbkcpa.com/five-year-end-tax-planning-strategies-for-a-business Tax planning should be a year-round endeavor, not a year-end afterthought. Many of the most effective tax strategies for businesses require months of preparation. Mon, 04 Nov 2024 15:25:05 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/five-year-end-tax-planning-strategies-for-a-business Taxation thumbnail main image https://www.mbkcpa.com/maximize-your-retirement-contributions-before-year-end-with-these-strategies Maximizing your retirement contributions isn't just about hitting a number; it can have a significant impact on your financial future. As the year comes to an end, many people scramble to make last-minute contributions to their retirement accounts. Fri, 01 Nov 2024 16:01:37 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/maximize-your-retirement-contributions-before-year-end-with-these-strategies Taxation thumbnail main image https://www.mbkcpa.com/ai-and-the-future-of-accounting Technology and accounting have been in an ever-evolving partnership for as long as manual record keeping has been around. The next step in that rapidly advancing evolution is Artificial Intelligence (AI), AI opens a door to a whole new world of opportunities, not only for accountants but also for their clients. Wed, 16 Oct 2024 13:00:07 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/ai-and-the-future-of-accounting Taxation,Business thumbnail main image https://www.mbkcpa.com/are-the-odds-in-your-favor Raffles are commonly used by nonprofit organizations as a way to raise funds. But that doesn’t mean that raffles are without challenges. IRS rules surrounding gaming apply, as do state and local laws. Don't let the rules come back to haunt your organization. Tue, 15 Oct 2024 14:32:07 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/are-the-odds-in-your-favor Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofit-liable-for-employment-taxes-on-founder Nonprofits often pay one or more of their officers to provide services. This isn’t without risks. This article reviews a court case in which a nonprofit was found to be responsible for unpaid employment taxes on an officer’s compensation. Tue, 15 Oct 2024 14:18:51 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/nonprofit-liable-for-employment-taxes-on-founder Non-Profit thumbnail main image https://www.mbkcpa.com/a-captive-can-reduce-your-insurance-costs-and-your-tax-bill In the current business environment, many companies are finding it difficult — or prohibitively expensive — to secure the insurance coverage they need. One solution that may be worth exploring is to form or join a captive insurance company. Thu, 10 Oct 2024 13:00:06 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/a-captive-can-reduce-your-insurance-costs-and-your-tax-bill Taxation thumbnail main image https://www.mbkcpa.com/should-you-turn-down-an-inheritance Accepting money or property inheritance after death of a family member may seem like a no-brainer. There may be an instance where turning it down may benefit you. Tue, 08 Oct 2024 15:22:18 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/should-you-turn-down-an-inheritance Taxation thumbnail main image https://www.mbkcpa.com/undoing-an-irrevocable-life-insurance-trust Owning a life insurance policy can provide a peace of mind that one's family's financial well-being will be taken care of after his or her death. Having an irrevocable life insurance trust (ILIT) in place will keep the policy's proceeds out of your taxable estate. Mon, 07 Oct 2024 19:41:52 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/undoing-an-irrevocable-life-insurance-trust Estates and Trusts,Taxation thumbnail main image https://www.mbkcpa.com/measuring-the-financial-health-of-a-construction-company The construction industry is unique and complex, with its own set of financial challenges and opportunities. Understanding the financial health of construction company is crucial to making informed business decisions. Thu, 26 Sep 2024 13:10:37 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/measuring-the-financial-health-of-a-construction-company Construction,Business thumbnail main image https://www.mbkcpa.com/in-support-of-our-troops-a-letter-of-thanks-from-mbk Team MBK joined the campagin "A Million Thanks" to write personalized letters to the United States military. Together they explored artistic talents, creativity, and thoughtful notes. Mon, 23 Sep 2024 19:38:45 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/in-support-of-our-troops-a-letter-of-thanks-from-mbk community,News & Events thumbnail main image https://www.mbkcpa.com/what-you-need-to-know-about-new-overtime-rules The U.S. Department of Labor released a new final rule in the spring of 2024 changing the salary threshold for determining whether employees are exempt from federal overtime pay requirements under the Fair Labor Standards Act (FLSA). Mon, 23 Sep 2024 14:00:03 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/what-you-need-to-know-about-new-overtime-rules Non-Profit thumbnail main image https://www.mbkcpa.com/newsbytes-non-profits Based on a recent survey, CEOs of nonprofits are considering leaving their jobs. Volunteerism is on the rise due to an increase of standard corporate volunteer programs. Tue, 17 Sep 2024 20:08:57 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/newsbytes-non-profits Non-Profit,Business thumbnail main image https://www.mbkcpa.com/mbk-announces-two-new-hires831252be Holyoke, MA — Meyers Brothers Kalicka, P.C. is proud to announce the following new hires: Allison Gaynor, Administrative Assistant and Jalaysia Isaac, A&A Associate Tue, 10 Sep 2024 15:29:45 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/mbk-announces-two-new-hires831252be Press Release,News & Events thumbnail main image https://www.mbkcpa.com/office-efficiencies-and-time-management Effective workflow and time management are critical for financial benefits. Evaluating on a routine basis is crucial for best practices. Wed, 04 Sep 2024 13:00:01 GMT https://www.mbkcpa.com/office-efficiencies-and-time-management Healthcare,Business Valuation thumbnail main image https://www.mbkcpa.com/tap-your-401-k-plan-early-without-penalty Haven't reached the age to tap into your 401(k)? Depending on the type of employer-sponsored retirement plan you have, you may be able to tap in early without penalties. Tue, 03 Sep 2024 12:30:00 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/tap-your-401-k-plan-early-without-penalty Taxation thumbnail main image https://www.mbkcpa.com/are-energy-efficient-home-improvement-rebates-taxable The Inflation Reduction Act expanded several tax incentives for homeowners who are "going green." Rebates aren't widely available yet but are expected to be launched throughout the year, monitor your states development. Thu, 29 Aug 2024 13:00:12 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/are-energy-efficient-home-improvement-rebates-taxable Real Estate,Individuals,Taxation thumbnail main image https://www.mbkcpa.com/why-one-pot-trust-may-be-better-than-two-separate-trusts If you have multiple children, consider a "pot" trust for you estate plan. Providing for your children through a trust is one of many ways to support them. However, creating separate trusts for your children doesn't always mean equal sharing. Thu, 22 Aug 2024 15:47:56 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/why-one-pot-trust-may-be-better-than-two-separate-trusts Estates and Trusts,Taxation thumbnail main image https://www.mbkcpa.com/stuffing-the-bus-with-united-way-of-pioneer-valley-and-team-mbk United Way of Pioneer Valley and team MBK partner to collect donations of unopened school supplies for the annual Stuff the Bus campaign. Elementary students and teachers to receive donations in time for the new school year. Mon, 19 Aug 2024 20:51:36 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/stuffing-the-bus-with-united-way-of-pioneer-valley-and-team-mbk community,News & Events thumbnail main image https://www.mbkcpa.com/start-tax-planning-for-2026 Plan ahead for the upcoming tax-related changes in 2026. Mon, 12 Aug 2024 18:57:37 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/start-tax-planning-for-2026 tax,Taxation thumbnail main image https://www.mbkcpa.com/married-couples-watch-out-for-the-survivor-trap When a spouse passes away, the last thing the survivor wants to deal with is higher taxes. But that’s exactly what can happen if he or she is caught in the “survivor trap.” Fortunately, there are some strategies you can use to avoid the trap — or at least ease the pain. Thu, 08 Aug 2024 21:08:01 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/married-couples-watch-out-for-the-survivor-trap Family & Independent,Individuals,Taxation thumbnail main image https://www.mbkcpa.com/nourishing-the-community-mbk-works-together-for-enrichment-and-growth MBK took on their horticulture skills by returning to volunteer their time at the Food Bank of Western Massachusetts' farm in Hadley. Thu, 01 Aug 2024 14:00:03 GMT karona@mbkcpa.com (Katrina Arona) https://www.mbkcpa.com/nourishing-the-community-mbk-works-together-for-enrichment-and-growth community,News & Events thumbnail main image https://www.mbkcpa.com/mbk-announces-three-new-hires Holyoke, MA — Meyers Brothers Kalicka, P.C. is proud to announce the following new hires: Catherine O’Connell, A&A Associate Katrina Arona, Marketing and Recruiting Associate Taylor Bahn, A&A Associate Wed, 31 Jul 2024 15:25:19 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/mbk-announces-three-new-hires Press Release,News & Events thumbnail main image https://www.mbkcpa.com/mbk-raises-money-for-ukrainian-children-to-attend-summer-camp Senior Associate Mila Renkas coordinated a fundraiser at MBK to raise money to support Ukrainian children affected by conflict. Thanks to everyone's generosity, they aimed for $300 but surpassed it, raising $500 for children to attend summer camp! #CommunitySupport Tue, 09 Jul 2024 19:42:09 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/mbk-raises-money-for-ukrainian-children-to-attend-summer-camp community,News & Events thumbnail main image https://www.mbkcpa.com/mbk-celebrates-its-q2-work-anniversaries Celebrating employee anniversaries highlights dedication, personal growth, and the collective strength of our organization's culture and values. Mon, 24 Jun 2024 18:20:33 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/mbk-celebrates-its-q2-work-anniversaries thumbnail main image https://www.mbkcpa.com/building-dreams-mbk-builds-10-beds-for-a-bed-for-every-child On Friday, June 14th, the firm took the initiative to close early and contribute to a noble cause: building 10 beds for children in need. Fri, 14 Jun 2024 21:13:05 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/building-dreams-mbk-builds-10-beds-for-a-bed-for-every-child community,News & Events thumbnail main image https://www.mbkcpa.com/key-tax-planning-adjustments-for-2024-what-you-need-to-know-to-protect-your-bottom-line Planning for 2024 will not be much different than 2023 but let's summarize the few changes, primarily inflation related adjustments, effective for 2024. Pay attention to these changes because they can hurt or help your bottom line. Use this information now so you can hold on to more of your hard-earned money when it's time to file your 2024 federal income tax return (in early 2025). Wed, 12 Jun 2024 15:15:14 GMT https://www.mbkcpa.com/key-tax-planning-adjustments-for-2024-what-you-need-to-know-to-protect-your-bottom-line Taxation thumbnail main image https://www.mbkcpa.com/9-accounting-myths-debunked As a business owner or nonprofit leader, the complexities of accounting can often appear intimidating. You’ve probably heard various myths and misconceptions about accounting that make you question how to manage your finances best. This article will tackle some of the most common accounting myths and provide clear, practical insights to help you make informed decisions. Wed, 05 Jun 2024 15:19:15 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/9-accounting-myths-debunked Assurance,Business thumbnail main image https://www.mbkcpa.com/accounting-for-change-recent-updates-to-the-cpa-exam Recent changes approved by the National Association of State Boards of Accountancy, penned the “CPA Evolution”, initiative have made it more accessible for professionals who may be considering this track. This CPA Evolution initiative consisted of three major changes. Mon, 03 Jun 2024 17:55:20 GMT https://www.mbkcpa.com/accounting-for-change-recent-updates-to-the-cpa-exam Recruiting,News & Events thumbnail main image https://www.mbkcpa.com/charitable-gift-annuities-a-versatile-planning-tool Charitably inclined individuals can use a charitable gift annuity to donate to charity while enjoying significant tax breaks and a lifetime income stream. And if they’re age 70½ or older, they can now transfer up to $53,000 ($106,000 for married couples) to a charitable gift annuity directly from an IRA and apply the gift toward their required minimum distributions (RMDs) for the year. This article explains the benefits of this technique and why it’s important to properly evaluate the charities receiving gifts. Fri, 31 May 2024 14:06:21 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/charitable-gift-annuities-a-versatile-planning-tool Non-Profit,Taxation thumbnail main image https://www.mbkcpa.com/should-you-hire-your-kids Hiring your children can be especially advantageous if you have age-appropriate work for them to do, aligning their roles with their capabilities and interests. Thu, 16 May 2024 16:44:46 GMT ryan@thestackgrp.com (Ryan Stack) https://www.mbkcpa.com/should-you-hire-your-kids Taxation thumbnail main image https://www.mbkcpa.com/used-clean-vehicle-tax-credit-handle-with-care You’re probably familiar with the $7,500 federal tax credit for purchases of certain new electric, plug-in hybrid and fuel-cell vehicles. But did you know that there’s a tax credit available for used clean vehicles? It’s equal to 30% of the sale price, up to a maximum credit of $4,000. However, strict rules about which vehicles are eligible may make it difficult for many people to qualify for the credit. Fri, 10 May 2024 22:08:54 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/used-clean-vehicle-tax-credit-handle-with-care Taxation thumbnail main image https://www.mbkcpa.com/handle-your-estate-planning-documents-with-care The family of a person who unexpectedly dies should know how to find and access the deceased’s estate planning documents. If that’s not currently the case, that person’s well-laid estate plan can be derailed. This article details the steps to take to keep family members in the loop. Wed, 01 May 2024 15:17:53 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/handle-your-estate-planning-documents-with-care Individuals,Taxation thumbnail main image https://www.mbkcpa.com/the-benefits-of-cost-allocation Cost allocation can be a cumbersome task for nonprofits, especially organizations with many activities. However, the process is critical for multiple reasons, and it’s worth reviewing cost allocation practices regularly to ensure they’re working as intended. This article covers the reasons to make allocations and the various methods used. Mon, 22 Apr 2024 15:37:55 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/the-benefits-of-cost-allocation Non-Profit thumbnail main image https://www.mbkcpa.com/secure-2-0-opportunities-take-advantage-of-2024-and-2025-updates President Biden signed the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act into law in late 2022, but much of the wide-reaching retirement legislation is being phased in over time. There are some significant changes in 2024 and 2025 that may help nonprofit employers recruit and retain employees. This article presents what organizations need to know. A brief sidebar looks at how SECURE 2.0 boosts the advantages of qualified charitable distributions (QCDs), possibly leading to larger gifts for nonprofits. Mon, 15 Apr 2024 20:02:46 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/secure-2-0-opportunities-take-advantage-of-2024-and-2025-updates Management Advisory,Taxation thumbnail main image https://www.mbkcpa.com/bad-debt-deductions The tax code allows an individual to claim a deduction for business debts that have become worthless. But qualifying for the deduction may be more complicated than one would think. In a recent case, the IRS denied more than $17 million in bad debt deductions on the grounds that the advances in question represented equity rather than debt, hitting the taxpayer with millions of dollars in taxes and penalties. This article recounts the U.S. Tax Court case Allen v. Commissioner. Allen v. Commissioner (T.C. Memo 2023-86). Mon, 15 Apr 2024 19:57:29 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/bad-debt-deductions Taxation,Business thumbnail main image https://www.mbkcpa.com/deducting-business-travel-expenses-a-refresher During the COVID-19 pandemic, business travel nearly came to a halt. Today, it’s on the rebound, as “Zoom-fatigued” executives craving face-to-face interaction hit the road again. With more people getting out of their offices, now is a good time for a refresher on the tax deductibility of business travel expenses. This article explores what’s considered one’s tax home and what expenses are deductible. A sidebar explains the deductibility rules when a business trip is mixed with pleasure. Mon, 01 Apr 2024 14:55:42 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/deducting-business-travel-expenses-a-refresher Taxation,Business thumbnail main image https://www.mbkcpa.com/making-distinctions-may-create-tax-savings-for-owners-of-rental-real-estate The 20% qualified business income (QBI) deduction is available for income from an eligible trade or business, but it isn’t available if that same property is classified as an investment. This article points out that it’s worth considering whether an owned rental property meets the definition of a trade or business under IRS requirements. It also explains that determining whether rental real estate activities qualify for the QBI deduction is a complicated undertaking and is likely to require the services of a tax professional. Mon, 01 Apr 2024 14:43:43 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/making-distinctions-may-create-tax-savings-for-owners-of-rental-real-estate Taxation,Business thumbnail main image https://www.mbkcpa.com/is-it-time-to-hire-a-cfo Let’s face it: Most nonprofits are founded on a passionate belief in service. This doesn’t always include a passion for numbers. To fill this gap in financial expertise, nonprofits often hire chief financial officers (CFOs). But do all nonprofits — including small organizations — need one? This article examines the duties of a CFO, how the size of a nonprofit organization may affect a CFO’s role, qualifications that a CFO should bring to the job, and whether outsourcing the job may be the right move. Mon, 01 Apr 2024 14:36:48 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/is-it-time-to-hire-a-cfo Non-Profit thumbnail main image https://www.mbkcpa.com/celebrating-our-teams-milestones-q1-2024 Congratulations again to our colleagues celebrating anniversaries in Q1 2024. Here's to more years of shared success! Fri, 15 Mar 2024 17:06:00 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/celebrating-our-teams-milestones-q1-2024 News & Events thumbnail main image https://www.mbkcpa.com/simplifying-financial-reporting-with-compilation-services Navigating the intricate world of financial reporting can often seem like maneuvering through a sea of technical terminology and regulatory obligations, particularly challenging for small businesses and startups. In a landscape dominated by the need for clarity in the financial health of companies, the role of compilation services is critical. Understanding how compilation services can simplify financial reporting is not just optional knowledge—it is essential for making informed business decisions and fostering growth. Fri, 15 Mar 2024 15:49:20 GMT https://www.mbkcpa.com/simplifying-financial-reporting-with-compilation-services Assurance,Business thumbnail main image https://www.mbkcpa.com/mbk-s-community-winter-initiative-compassion-and-action MBK remains steadfast in its commitment to the community in 2024. Tue, 12 Mar 2024 14:22:37 GMT https://www.mbkcpa.com/mbk-s-community-winter-initiative-compassion-and-action Non-Profit,community,News & Events thumbnail main image https://www.mbkcpa.com/secure-2-0-opportunities SECURE 2.0 - There are some significant changes in 2024 and 2025 that may help nonprofit employers recruit and retain employees. This article presents what organizations need to know. Thu, 07 Mar 2024 16:02:11 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/secure-2-0-opportunities Non-Profit,Taxation,News & Events,Business thumbnail main image https://www.mbkcpa.com/irs-issues-7-warning-signs-of-suspicious-erc-claims On February 13, 2024, the IRS issued IR 2024-39 to share warning signs that an ERC (Employee Retention Credit) claim may be questionable warranting further investigation. It is urging taxpayers to revisit their claims and, if questionable, take advantage of its ERC Voluntary Disclosure Program or claim withdrawal process. Fri, 16 Feb 2024 19:30:19 GMT https://www.mbkcpa.com/irs-issues-7-warning-signs-of-suspicious-erc-claims Covid-19,Taxation,News & Events thumbnail main image https://www.mbkcpa.com/potential-tax-relief-american-families-and-works-act-of-2024-h-r-7024 This article, written on February 2nd, highlights the House's passage of the Tax Relief for American Families and Workers Act of 2024, H. R. 7024 on January 31st. However, it's important to note that the details are subject to change pending the Senate's vote and the ultimate signing into law by the President. Despite concerted efforts to get the bill to the Senate in time for the current tax filing season, this deadline has unfortunately lapsed, causing some concern over timing and efficacy. However, lawmakers remain optimistic about swift passage in the subsequent stages, aiming to minimize the impact on the IRS and enable prompt relief for taxpayers. Wed, 07 Feb 2024 15:31:55 GMT https://www.mbkcpa.com/potential-tax-relief-american-families-and-works-act-of-2024-h-r-7024 Taxation,News & Events thumbnail main image https://www.mbkcpa.com/how-to-manage-cloud-costs Many businesses are surprised by the bills they receive for their cloud usage. This article suggests some steps a business can take to help its organization control its cloud spending and get a handle on cloud operations, costs and value — including setting a budget for and tracking cloud usage, and applying procurement controls. The article notes that regularly fine-tuning cloud management efforts will help a business use its cloud resources efficiently and effectively. Thu, 01 Feb 2024 21:25:40 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/how-to-manage-cloud-costs Business thumbnail main image https://www.mbkcpa.com/preparing-your-business-for-2023-tax-filing As you pull together your documents to share with your accountant for 2023 tax preparation, there are many potential deductions and credits that may be relevant for your business for your upcoming filing. Mon, 29 Jan 2024 16:19:59 GMT https://www.mbkcpa.com/preparing-your-business-for-2023-tax-filing Taxation thumbnail main image https://www.mbkcpa.com/corporate-transparency-act We highly recommend that you contact your Corporate Attorney regarding potential filing requirements as soon as possible. At this time, accounting firms are strongly being advised not to complete a Beneficial Ownership Information Filing, as this is a legal filing and could be considered the unlicensed practice of law. Sat, 20 Jan 2024 16:22:09 GMT https://www.mbkcpa.com/corporate-transparency-act Taxation,News & Events,Business thumbnail main image https://www.mbkcpa.com/take-credit-for-business-building-renovations If your business makes specific accommodations for disabled individuals, you may qualify for a sizable tax credit. In fact, the disabled access credit may essentially cut the costs of some renovations in half. Here’s a look at how it works. Thu, 11 Jan 2024 19:38:26 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/take-credit-for-business-building-renovations Taxation thumbnail main image https://www.mbkcpa.com/mbk-is-proud-to-announce-matthew-nash-cpa-promoted-to-partner-at-meyers-brothers-kalicka-p-c Thu, 04 Jan 2024 16:53:31 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/mbk-is-proud-to-announce-matthew-nash-cpa-promoted-to-partner-at-meyers-brothers-kalicka-p-c Press Release,News & Events thumbnail main image https://www.mbkcpa.com/mbk-s-gift-giving-bringing-joy-to-holyoke-families In the spirit of the holiday season, the team at MBK has gone above and beyond to bring smiles and warmth to the families of Holyoke. This year, they took the initiative to make a difference in their community by adopting two deserving families through the Holyoke Boys and Girls Club. Led by team leaders Chelsea Russell and Mia McDonald, Team MBK came together to provide gifts, toys, and clothing to six children ranging from ages 5 to 15. Thu, 21 Dec 2023 20:31:13 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/mbk-s-gift-giving-bringing-joy-to-holyoke-families community,News & Events thumbnail main image https://www.mbkcpa.com/financial-tax-planning-2023 In the realm of financial planning, strategic sales of securities can play a pivotal role in optimizing year-end tax advantages. Investors are often advised to time these sales to balance capital gains and losses, with the potential to offset up to $3,000 of ordinary income and carry over any excess losses into subsequent years. Understanding the tax implications of long-term versus short-term capital gains is crucial, with long-term gains enjoying a lower tax rate, while short-term gains are taxed at a higher ordinary income rate. This piece will navigate the intricacies of planning for securities sales, including the beneficial 0% tax rate on some long-term gains, the impact of the net investment income tax, and strategies to avoid the pitfalls of the wash sale rule. Wed, 13 Dec 2023 19:55:04 GMT https://www.mbkcpa.com/financial-tax-planning-2023 Family & Independent,Taxation thumbnail main image https://www.mbkcpa.com/business-tax-planning-2023 As businesses wrap up the year, savvy tax planning is key. Leveraging depreciation-based deductions like Section 179, bonus depreciation, and regular depreciation can yield significant savings, especially if businesses act before year's end to qualify for these breaks. The new SECURE 2.0 law offers fresh opportunities and considerations for qualified retirement plans, urging employers to adapt for benefits like enhanced credits and contributions linked to employee student loans. Additionally, strategic timing of employee bonuses can optimize tax deductions for the company while deferring income for employees. Businesses should also consider end-of-year purchases and maximizing Qualified Business Income deductions to further reduce tax burdens. This concise overview provides a snapshot of actionable tax strategies for businesses aiming to close the year with financial efficiency. Wed, 13 Dec 2023 19:46:00 GMT https://www.mbkcpa.com/business-tax-planning-2023 Taxation,Business thumbnail main image https://www.mbkcpa.com/individual-tax-planning-2023 Key year-end moves and tips that can help you navigate the tax landscape efficiently, ensuring you're well-prepared to make informed decisions for your 2023 tax filing. Wed, 13 Dec 2023 19:38:32 GMT https://www.mbkcpa.com/individual-tax-planning-2023 Taxation thumbnail main image https://www.mbkcpa.com/meyers-brothers-kalicka-p-c-announces-strategic-expansion-with-the-inclusion-of-j-m-o-brien-co-p-c Bringing J.M. O'Brien & Co. to MBK signifies a strategic move towards growth and expansion in the accounting industry of Western Massachusetts. MBK stands to benefit from the influx of new talent and a broader resource pool, enriching the firm's already substantial depth of resources. The merger is particularly advantageous for MBK's tax services, which will be able to leverage J.M. O'Brien's extensive expertise to enhance its range of tax-related services. Wed, 13 Dec 2023 15:27:28 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/meyers-brothers-kalicka-p-c-announces-strategic-expansion-with-the-inclusion-of-j-m-o-brien-co-p-c Press Release,News & Events thumbnail main image https://www.mbkcpa.com/understanding-internal-controls-why-nonprofits-need-both-preventative-and-detective-policies According to the Association of Certified Fraud Examiners’ (ACFE) Occupational Fraud 2022: A Report to the Nations, the average loss for nonprofits was $851,000. The ACFE report found that almost 30% of the victim organizations lacked adequate internal controls to prevent fraud from occurring. In addition to minimizing fraud, comprehensive internal controls also help ensure accurate accounting records and financial statements. This article discusses four critical measures that nonprofit organizations can use to help combat fraud. A short sidebar covers how motivation and rationalization play a part in a fraudster’s thought process. Mon, 04 Dec 2023 21:46:58 GMT https://www.mbkcpa.com/understanding-internal-controls-why-nonprofits-need-both-preventative-and-detective-policies Non-Profit thumbnail main image https://www.mbkcpa.com/should-married-couples-ever-file-separate-tax-returns Most married couples assume they should file joint income tax returns, and usually, that’s the right choice. But under certain circumstances, there may be benefits to filing separate returns. This article explores a couple of situations where it may be advantageous to file separately rather than jointly. Mon, 04 Dec 2023 21:33:54 GMT https://www.mbkcpa.com/should-married-couples-ever-file-separate-tax-returns Individuals,tax,Taxation,irs thumbnail main image https://www.mbkcpa.com/the-irs-dirty-dozen-for-2023 Each year, the IRS releases its "Dirty Dozen" list of common scams and schemes that taxpayers should be aware of. Review the list of the top scams and look out for and visit the IRS website to learn more. Mon, 04 Dec 2023 18:07:02 GMT https://www.mbkcpa.com/the-irs-dirty-dozen-for-2023 tax,Individuals,irs,Taxation,Business thumbnail main image https://www.mbkcpa.com/honoring-longevity-and-excellence-winter-2023 We would like to extend our warmest congratulations to our employees who are celebrating work anniversaries in Fall 2023. Your commitment and dedication to MBK have been invaluable, and your hard work does not go unnoticed. Meyers Brothers Kalicka, P.C. recognizes that at the core of our ability to implement on our mission and vision, is our people. The contributions from our employees enable us to better serve our clients, our community and each other. We celebrate your loyalty, diligence, and enthusiasm for contributing to the success of the firm! Mon, 04 Dec 2023 15:56:04 GMT https://www.mbkcpa.com/honoring-longevity-and-excellence-winter-2023 News & Events thumbnail main image https://www.mbkcpa.com/thanksgiving-banquet-at-springfield-rescue-mission Last Wednesday, ahead of the Thanksgiving holiday, The Springfield Rescue Mission spent the day serving up hot Thanksgiving meals to area residents in need. Meals were served through a drive-through service and delivered in addition to their on-site banquet. The staff at MBK came together for a Thanksgiving drive and we were proud to help support The Springfield Rescue Mission for this year's banquet. Homelessness and food insecurity have been on the rise in recent years and CEO Kevin Ramsdell says they've seen an increase in demand at The Springfield Rescue Mission. The organization works year-round to provide food to members of our community who are facing lack of food. Thu, 30 Nov 2023 21:32:30 GMT https://www.mbkcpa.com/thanksgiving-banquet-at-springfield-rescue-mission Non-Profit,community,News & Events thumbnail main image https://www.mbkcpa.com/giving-tuesday-giving-back-to-our-community Tuesday, November 28th is Giving Tuesday, a day to find ways to give back to your community in whatever ways you can, whether it’s bringing a smile to a neighbor’s face, or sharing some of your resources with an organization close to your heart. This Thanksgiving we’d like to remind you to consider what ways you may be able to give back to your community in this giving season. Mon, 27 Nov 2023 21:03:16 GMT https://www.mbkcpa.com/giving-tuesday-giving-back-to-our-community Non-Profit,community,News & Events thumbnail main image https://www.mbkcpa.com/substantiating-business-expenses-a-primer Businesses can generally deduct their “ordinary and necessary” business expenses. But even a legitimate expense isn’t deductible unless it’s adequately substantiated. This article explains that, typically, substantiation requires proof of payment and evidence showing the character and deductibility of the expenditure. It notes, though, that if a business is unable to fully substantiate an expense, the courts have some leeway to approximate deduction amounts, provided the business presents sufficient evidence to support an estimate. Mon, 20 Nov 2023 21:02:46 GMT https://www.mbkcpa.com/substantiating-business-expenses-a-primer Family & Independent,tax,Taxation,irs,Business thumbnail main image https://www.mbkcpa.com/nonprofit-employment-returns-to-pre-covid-19-levels Three years after the COVID-19 pandemic hit the United States, nonprofits appear to be in a significantly better place in terms of overall employment than they were at the end of 2021. That’s according to the Nonprofit Employment Data Project at George Mason University. Mon, 13 Nov 2023 18:25:57 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/nonprofit-employment-returns-to-pre-covid-19-levels Non-Profit thumbnail main image https://www.mbkcpa.com/how-an-energy-efficient-building-tax-deduction-could-pay-off-for-nonprofits uch of the Inflation Reduction Act signed into law in late 2022 contains provisions intended to combat climate change, largely through tax incentives. Such tax breaks aren’t usually relevant to the work of nonprofits. But for organizations constructing new facilities or adding improvements, the Act’s changes to one tax deduction could benefit them. This article reviews the benefits available under the Act. In addition, a short sidebar covers how the Act allows eligible organizations to receive certain tax credits — which otherwise would be of little use to nonprofits that pay no income tax — as direct payments from the IRS. Mon, 13 Nov 2023 18:25:55 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/how-an-energy-efficient-building-tax-deduction-could-pay-off-for-nonprofits Non-Profit,Taxation thumbnail main image https://www.mbkcpa.com/massachusetts-1-billion-tax-relief-package-aims-to-create-a-positive-impact-on-the-state-s-economy Governor Maura T. Healey recently signed into law Massachusetts' first tax cuts in over 20 years on 10/4/2023. This $1 billion package encompasses several crucial proposals that Governor Healey initially presented in her tax cuts proposal in March. Notably, the expanded Child and Family Tax Credit now stands as the most generous in the nation. Mon, 13 Nov 2023 17:30:05 GMT https://www.mbkcpa.com/massachusetts-1-billion-tax-relief-package-aims-to-create-a-positive-impact-on-the-state-s-economy Family & Independent,Real Estate,tax,Individuals,Taxation,Business thumbnail main image https://www.mbkcpa.com/staying-on-the-cutting-edge-of-finance-technological-advances-and-outsourced-accounting As a business owner or non-profit executive, maintaining financial affairs is paramount to your long-term success. Knowing what resources are available to your organization and keeping abreast of the innovations in technology can make a significant impact on day-to-day operations, affecting your staff’s daily functions and your bottom line. Technological advances such as cloud-based software and artificial intelligence (AI) have proliferated in recent years as financial service providers find ways to leverage technology to fulfill basic needs and free up staff from data entry and reporting for more strategic work. Thu, 09 Nov 2023 17:17:31 GMT https://www.mbkcpa.com/staying-on-the-cutting-edge-of-finance-technological-advances-and-outsourced-accounting Non-Profit,Family & Independent,tax,Taxation,Business thumbnail main image https://www.mbkcpa.com/paws-for-a-cause-with-mbk For the month of October, Francine Murphy & Chelsea Russell held a pet drive to benefit Better Together Dog Rescue located in Belchertown, MA and Berkshire Humane Society located in Pittsfield, MA. Working together and with firm-wide help, we were able to deliver food, toys, treats, and other supplies for dogs & cats to each facility – an entire table full of donations! Tue, 07 Nov 2023 17:39:31 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/paws-for-a-cause-with-mbk Non-Profit,community,News & Events thumbnail main image https://www.mbkcpa.com/watch-out-for-accumulated-earnings-tax If a corporation has accumulated taxable income, the IRS may impose AET if it finds that the corporation is retaining, rather than distributing, earnings beyond the “reasonable needs of the business.” To avoid the tax, a corporation should be prepared to explain and document its need to retain earnings for working capital, business expansion, equipment purchases or other purposes. Mon, 06 Nov 2023 18:51:18 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/watch-out-for-accumulated-earnings-tax commercial,Taxation thumbnail main image https://www.mbkcpa.com/two-emergency-options-for-retirement-plan-participants Qualified plans such as 401(k)s are meant to help individuals save for retirement in a tax-advantaged manner. But, under dire circumstances, it may become necessary to tap into the nest egg early. This article explains that while doing so may result in additional income tax liability and penalties, the SECURE 2.0 Act, which was signed into law in late 2022, provides not one, but two options for people who find themselves in an emergency situation. Mon, 06 Nov 2023 18:47:52 GMT https://www.mbkcpa.com/two-emergency-options-for-retirement-plan-participants EBP,Employee Benefit Plan Audit,Taxation thumbnail main image https://www.mbkcpa.com/the-massachusetts-attorney-general-is-going-paperless-how-to-file-your-forms-online Charities with an AG Number must now prepare and submit their annual filings (Form PC and attachments) through the AGO's online Charity Portal. The process involves creating a free Charity Portal account, which is linked to individual email addresses. Filers will then use their accounts to complete the online Form PC, provide electronic signatures, and make necessary payments. For those organizations using a CPA firm to prepare their annual filings, the preparation of the MA PC will need to be coordinated with them as they can no longer use their tax software to satisfy the annual filing. Fri, 27 Oct 2023 15:14:51 GMT https://www.mbkcpa.com/the-massachusetts-attorney-general-is-going-paperless-how-to-file-your-forms-online Non-Profit thumbnail main image https://www.mbkcpa.com/understanding-internal-controls According to the Association of Certified Fraud Examiners’ (ACFE) Occupational Fraud 2022: A Report to the Nations, the average loss for nonprofits was $851,000. The ACFE report found that almost 30% of the victim organizations lacked adequate internal controls to prevent fraud from occurring. In addition to minimizing fraud, comprehensive internal controls also help ensure accurate accounting records and financial statements. This article discusses four critical measures that nonprofit organizations can use to help combat fraud. A short sidebar covers how motivation and rationalization play a part in a fraudster’s thought process. Mon, 23 Oct 2023 18:54:07 GMT https://www.mbkcpa.com/understanding-internal-controls Non-Profit thumbnail main image https://www.mbkcpa.com/how-to-increase-flexibility-when-using-flexible-spending-accounts A Flexible Spending Account (FSA) can be used to pay health care or dependent care expenses. Typically, those who have an FSA account have to empty it before the end of the year or forfeit any remaining funds. But as this article highlights, employers may provide one of two ways, either a “grace period” or a “carryover of funds,” to avoid this “use-it-or-lose-it” rule. Mon, 23 Oct 2023 14:48:17 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/how-to-increase-flexibility-when-using-flexible-spending-accounts thumbnail main image https://www.mbkcpa.com/mbk-s-link-to-libraries-day-at-the-firm MBK recently collaborated with Link to Libraries (LTL) to partake in a dedicated day aimed at fostering a love for reading among young children. The event, appropriately named "Link to Libraries Day," united MBK staff members who undertook the mission of collecting and preparing books for local children's home libraries. Thu, 05 Oct 2023 19:58:17 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/mbk-s-link-to-libraries-day-at-the-firm community,News & Events thumbnail main image https://www.mbkcpa.com/mbk-s-tax-and-accounting-internship-program-preparing-students-for-the-real-world If you are interested in a Spring Tax Internship or a Summer Accounting Internship at MBK, get your application in ASAP. Wed, 04 Oct 2023 16:55:28 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/mbk-s-tax-and-accounting-internship-program-preparing-students-for-the-real-world News & Events thumbnail main image https://www.mbkcpa.com/mbk-proudly-announces-successful-peer-review-acceptance-by-the-massachusetts-peer-review-committee Meyers Brothers Kalicka P.C. (MBK) is pleased to share that the Massachusetts Peer Review Committee has accepted the report on our most recent System Review. Wed, 20 Sep 2023 15:58:47 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/mbk-proudly-announces-successful-peer-review-acceptance-by-the-massachusetts-peer-review-committee Assurance thumbnail main image https://www.mbkcpa.com/tax-law-changes-impacting-businesses-and-individuals-reporting-on-schedule-c In the dynamic landscape of tax laws, staying informed about changes that affect both businesses and individuals reporting their income and expenses on Schedule C is of paramount importance. In recent years, several noteworthy adjustments have been made, significantly impacting the way deductions are calculated, particularly for expenses like Section 179 deductions, bonus depreciation, and meals and entertainment. Mon, 18 Sep 2023 15:57:10 GMT https://www.mbkcpa.com/tax-law-changes-impacting-businesses-and-individuals-reporting-on-schedule-c Taxation thumbnail main image https://www.mbkcpa.com/tax-law-changes-and-news-for-individuals In 2023, several significant adjustments have been made to tax laws that individuals should be aware of. These changes encompass a wide range of topics, from energy credits to retirement contributions, interest rates, and tax brackets. Let's delve into some of the key changes that may impact your financial planning. Mon, 18 Sep 2023 15:50:47 GMT https://www.mbkcpa.com/tax-law-changes-and-news-for-individuals Taxation thumbnail main image https://www.mbkcpa.com/mbk-honored-as-regional-leader-in-accounting-today Holyoke, MA – In the esteemed publication of the certified public accounting industry, Accounting Today, Meyers Brothers Kalicka, P.C. has garnered recognition as a regional leader in the Accounting today’s Top 100 Listing. Mon, 11 Sep 2023 20:04:37 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/mbk-honored-as-regional-leader-in-accounting-today News & Events thumbnail main image https://www.mbkcpa.com/hiring-bookkeepers-for-your-company-the-key-to-financial-success Hiring a bookkeeper is an investment in your company's financial stability and future growth. These professionals are the backbone of your financial operations, providing essential support to help your business thrive. By following a systematic hiring process and seeking candidates with the right skills, experience, and cultural fit, you can ensure that your bookkeeper becomes a valuable asset to your organization. Wed, 06 Sep 2023 15:37:05 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/hiring-bookkeepers-for-your-company-the-key-to-financial-success Recruiting,Business thumbnail main image https://www.mbkcpa.com/supporting-students-this-fall-mbk-stuffs-the-bus MBK teamed up with United Way of Pioneer Valley to help "Stuff the Bus" and bring school supplies to students who are homeless or in need. Tue, 22 Aug 2023 17:36:22 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/supporting-students-this-fall-mbk-stuffs-the-bus Non-Profit,community,News & Events thumbnail main image https://www.mbkcpa.com/honoring-longevity-and-excellence-summer-2023 MBK celebrates 16 employees who are celebrating their work anniversaries in Summer of 2023. Tue, 15 Aug 2023 19:37:54 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/honoring-longevity-and-excellence-summer-2023 News & Events thumbnail main image https://www.mbkcpa.com/a-bed-for-every-child-making-dreams-come-true-for-kids-in-massachusetts We want to extend our heartfelt congratulations to Chelsea, Dan, Colleen, Carolyn, Fran, Lauren, Chris, Danny, and Joanne for their incredible participation in the "A Bed for Every Child" community service initiative. Their selfless efforts and determination have made a significant impact on the lives of children in need. Tue, 01 Aug 2023 19:52:04 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/a-bed-for-every-child-making-dreams-come-true-for-kids-in-massachusetts Non-Profit,community,News & Events thumbnail main image https://www.mbkcpa.com/update-supply-chain-disruption-and-the-employee-retention-tax-credit Whether an Employer Experienced a Full or Partial Suspension of the Operation of a Trade or Business under Section 2301 of the Coronavirus Aid, Relief, and Economic Security Act or Section 3134 of the Internal Revenue Code due to a Supply Chain Disruption Fri, 28 Jul 2023 16:19:12 GMT https://www.mbkcpa.com/update-supply-chain-disruption-and-the-employee-retention-tax-credit Covid-19,Taxation,News & Events thumbnail main image https://www.mbkcpa.com/making-a-difference-at-ruth-s-house-mbk-donation-and-how-you-can-help Last week, the team dropped off a heaping donation to Ruth's House and looks forward to continuing to support the organization in the future. Congrats to Kristi and Chelsea on a successful fundraiser! Tue, 11 Jul 2023 15:40:39 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/making-a-difference-at-ruth-s-house-mbk-donation-and-how-you-can-help community,News & Events thumbnail main image https://www.mbkcpa.com/steer-clear-of-these-5-estate-planning-pitfalls Among many other things, an estate plan can help ensure one’s family will be taken care of per his or her wishes after death. While no one likes to contemplate his or her own mortality, for those ready to begin the process of drafting an estate plan, this article provides five pitfalls to avoid. Mon, 10 Jul 2023 17:27:25 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/steer-clear-of-these-5-estate-planning-pitfalls Family & Independent,Individuals thumbnail main image https://www.mbkcpa.com/are-new-business-start-up-costs-deductible Many new businesses were formed by people who found themselves unemployed in the early months of the pandemic or by entrepreneurs who saw business opportunities in the remote working environment. Although the surge has leveled off a bit, the current rate of new business creation remains substantially higher than before the pandemic. Starting a new business isn’t cheap, and many expenses are incurred long before the business officially opens. This article answers frequently asked questions about deducting start-up costs for federal income tax purposes. Mon, 26 Jun 2023 15:18:12 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/are-new-business-start-up-costs-deductible Taxation,Business thumbnail main image https://www.mbkcpa.com/renting-to-friends-handle-with-care If you rent a property to a family member or friend for less than fair market rent, the IRS will consider the property to be a personal residence rather than a rental property. Mon, 26 Jun 2023 14:56:43 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/renting-to-friends-handle-with-care Real Estate,Taxation thumbnail main image https://www.mbkcpa.com/form-5500-count-methodology-changes Plan sponsors should be aware of these changes and review their plan counts under this new methodology for the 2023 plan year. Plans should also be reviewing participant account balances of $5,000 or less and consider amending (if not already a current plan provision) their plans to allow force out distributions for participants with account balances of $5,000 or less in an effort to reduce head counts. Tue, 30 May 2023 17:16:38 GMT https://www.mbkcpa.com/form-5500-count-methodology-changes Assurance,Employee Benefit Plan Audit thumbnail main image https://www.mbkcpa.com/women-in-business-a-better-team-a-better-company-a-better-society The truth is that men and women both bring unique skills and approaches to the table, which can be incredibly beneficial for any organization. Companies should also strive to have a balance of genders in their senior positions to maximize collective potential, foster creativity, and reduce the damaging effects of gender stereotyping in the workplace. Tue, 30 May 2023 17:08:23 GMT https://www.mbkcpa.com/women-in-business-a-better-team-a-better-company-a-better-society Business thumbnail main image https://www.mbkcpa.com/honoring-longevity-and-excellence-spring-2023 Celebrating Kristi Reale, 22 years with MBK and David Kalicka, 50 years with the firm Thu, 18 May 2023 18:55:15 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/honoring-longevity-and-excellence-spring-2023 News & Events thumbnail main image https://www.mbkcpa.com/congrats-to-manager-chelsea-russell-for-being-named-to-this-year-s-40-under-40-list MBK is proud to congratulate our very own Chelsea Russell for being named to this year's prestigious 40 Under Forty list! Mon, 01 May 2023 18:05:23 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/congrats-to-manager-chelsea-russell-for-being-named-to-this-year-s-40-under-40-list News & Events thumbnail main image https://www.mbkcpa.com/irs-set-to-deactivate-foundations-electronic-payment-accounts This issue’s Newsbytes covers the IRS’s deactivation of foundations’ electronic payment accounts, how Microsoft is expanding support for nonprofits and a study finding that a donation option at checkout stresses retail purchasers. Mon, 24 Apr 2023 19:15:14 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/irs-set-to-deactivate-foundations-electronic-payment-accounts Non-Profit thumbnail main image https://www.mbkcpa.com/new-tax-benefits-for-retirement-savers The long-awaited SECURE 2.0 Act, enacted at the end of 2022, expands on the improvements made by the Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act). Now individuals can save more and save longer for retirement, at a lower tax cost. This article details the highlights of the new law. A sidebar explains which provision of SECURE 2.0 requires a technical correction due to a drafting error. Mon, 24 Apr 2023 19:15:07 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/new-tax-benefits-for-retirement-savers Taxation thumbnail main image https://www.mbkcpa.com/tax-tips-qcds-expanded-renting-to-family-and-friends-and-esas These brief tips detail how SECURE 2.0 enhances the use of qualified charitable distributions; explore potential tax pitfalls of renting property to family; and explain how starting in 2024 employers can set up emergency savings accounts for certain employees. Thu, 06 Apr 2023 14:54:53 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/tax-tips-qcds-expanded-renting-to-family-and-friends-and-esas Taxation thumbnail main image https://www.mbkcpa.com/the-difference-between-an-audit-a-review-and-a-compilation Audits, reviews, and compilations are three important services that help businesses and organizations make informed decisions about their finances. We will discuss each of these services in detail to provide clarity on what makes them unique from one another. Finally, we'll look at when it might be most beneficial to use one over the other. With this knowledge, business owners and managers can choose the most beneficial service for their needs. Wed, 05 Apr 2023 17:29:16 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/the-difference-between-an-audit-a-review-and-a-compilation Assurance thumbnail main image https://www.mbkcpa.com/reminder-get-your-documents-in-to-avoid-an-extension We are reaching out with a friendly reminder to send in your documents so that we can file your taxes as soon as possible. Waiting until the last minute creates a scenario where our practitioners may have other scheduling conflicts and are unable to accommodate an extremely compressed filing period for a high number of clients. Mon, 27 Mar 2023 18:41:53 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/reminder-get-your-documents-in-to-avoid-an-extension Taxation thumbnail main image https://www.mbkcpa.com/secure-2-0-new-tax-benefits-for-retirement-savers The long-awaited SECURE 2.0 Act, enacted at the end of 2022, expands on the improvements made by the Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act). Now individuals can save more and save longer for retirement, at a lower tax cost. This article details the highlights of the new law. A sidebar explains which provision of SECURE 2.0 requires a technical correction due to a drafting error. Mon, 27 Mar 2023 18:34:40 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/secure-2-0-new-tax-benefits-for-retirement-savers Taxation thumbnail main image https://www.mbkcpa.com/7-tasks-for-a-successful-nonprofit-finance-committee A nonprofit’s finance committee oversees and keeps its board of directors apprised of the organization’s overall financial health. This should be more than simply scanning financial reports. An active finance committee is crucial to maintain a nonprofit’s health and reputation. The success of a finance committee depends on the board, staff and committee members understanding the committee’s duties. This article highlights seven tasks for a successful nonprofit finance committee. Mon, 20 Mar 2023 19:43:03 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/7-tasks-for-a-successful-nonprofit-finance-committee Non-Profit thumbnail main image https://www.mbkcpa.com/prom MBK, led by Sarah Rose Stack, collected over 40 gowns and suits, and 4 totes filled with accessories for the Build a Prom initiative. Mon, 20 Mar 2023 19:38:44 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/prom community,News & Events thumbnail main image https://www.mbkcpa.com/new-accounting-standards-impact-business-leases-for-2022-heres-what-you-need-to-know The new lease standard is expected to have the biggest impact on those companies with a large volume of real estate leases that have previously only been required to be disclosed in the footnotes to the financial statements. The overall expectation is that most companies with leases will see some impact related to the adoption of the new standard. Because the new standard has a balance sheet impact, it is recommended that all companies review any financial covenants, and proactively work with financial institutions to consider whether amendments to covenants may be required. Thu, 16 Mar 2023 14:55:58 GMT https://www.mbkcpa.com/new-accounting-standards-impact-business-leases-for-2022-heres-what-you-need-to-know Management Advisory,Business thumbnail main image https://www.mbkcpa.com/my-postfd9feff3 The sudden and unexpected shift to remote work in 2020 made clear that many nonprofits have vulnerabilities that cybercriminals could leverage to steal data or disrupt operations. A nonprofit organization’s employees may or may not be back in the office, but the risks are ongoing. This article reviews what organizations need to know about the most crucial components of effective cybersecurity. A brief sidebar summarizes some of the most relevant cyber schemes for nonprofits. Thu, 16 Mar 2023 14:48:06 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/my-postfd9feff3 Management Advisory,Business thumbnail main image https://www.mbkcpa.com/friends-of-the-homeless-supply-drive-is-a-success The recent freezing weather s a clear reminder that winter is not over yet. Friends of the Homeless is still collecting winter items! Mon, 27 Feb 2023 20:26:29 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/friends-of-the-homeless-supply-drive-is-a-success Non-Profit,community,News & Events thumbnail main image https://www.mbkcpa.com/charge-it-nonprofits-and-credit-card-issues Mon, 27 Feb 2023 16:02:28 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/charge-it-nonprofits-and-credit-card-issues Non-Profit thumbnail main image https://www.mbkcpa.com/how-to-choose-a-trustee-for-your-estate One of the most significant aspects of an estate plan isn’t to whom the assets will be distributed but who will oversee their distribution. This article points out that the trustee an individual chooses will play a significant role in managing all of the financial aspects of the estate after death, so it’s wise to consider this decision carefully. The article explains some of the factors to consider in that decision, such as whether the trustee should be an individual or a professional and whether fees will be incurred. Fri, 24 Feb 2023 20:49:51 GMT https://www.mbkcpa.com/how-to-choose-a-trustee-for-your-estate Individuals thumbnail main image https://www.mbkcpa.com/is-your-cybersecurity-up-to-snuff The sudden and unexpected shift to remote work in 2020 made clear that many nonprofits have vulnerabilities that cybercriminals could leverage to steal data or disrupt operations. A nonprofit organization’s employees may or may not be back in the office, but the risks are ongoing. This article reviews what organizations need to know about the most crucial components of effective cybersecurity. A brief sidebar summarizes some of the most relevant cyber schemes for nonprofits. Fri, 24 Feb 2023 20:25:42 GMT https://www.mbkcpa.com/is-your-cybersecurity-up-to-snuff Non-Profit thumbnail main image https://www.mbkcpa.com/honoring-longevity-and-excellence-february-2023 MBK celebrates the work anniversaries for February 2023. Thu, 16 Feb 2023 19:57:34 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/honoring-longevity-and-excellence-february-2023 News & Events thumbnail main image https://www.mbkcpa.com/mbk-walks-in-the-inaugural-winter-walk-in-western-mass Congrats to Mia, Ian, Kris, Keara, Chelsea, Donna, and Joanne for participating in the inaugural Winter Walk in Western Mass! Mon, 13 Feb 2023 18:53:05 GMT https://www.mbkcpa.com/mbk-walks-in-the-inaugural-winter-walk-in-western-mass community,News & Events thumbnail main image https://www.mbkcpa.com/the-irs-warns-against-improper-employee-retention-claims https://www.irs.gov/newsroom/employers-warned-to-beware-of-third-parties-promoting-improper-employee-retention-credit-claims Fri, 03 Feb 2023 20:27:45 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/the-irs-warns-against-improper-employee-retention-claims Taxation thumbnail main image https://www.mbkcpa.com/section-179d-congress-enhances-tax-deduction-for-energy-efficient-buildings The Inflation Reduction Act (IRA) significantly enhanced the Section 179D deduction for energy-efficient commercial building improvements placed in service after 2022. Among other things, the IRA nearly tripled the maximum deduction to $5 per square foot under certain circumstances and made it easier for improvements to qualify for the deduction. The IRA also expanded eligibility for the deduction to include real estate investment trusts (REITs) as well as designers of buildings owned by nonprofit organizations, religious organizations, tribal organizations, and nonprofit schools or universities. This article details the enhancement to Sec. 179D. Mon, 30 Jan 2023 20:47:50 GMT https://www.mbkcpa.com/section-179d-congress-enhances-tax-deduction-for-energy-efficient-buildings tax,Taxation,irs,Business thumbnail main image https://www.mbkcpa.com/consider-the-use-of-an-ilit-to-avoid-estate-tax Holding a life insurance policy can provide peace of mind if a person has concerns about loved ones’ financial well-being after his or her death. Whether the person “holds” the policy or a trust holds the policy can result in different tax outcomes. In short, if one is left holding the policy at death, its proceeds will be included in his or her taxable estate and may be subject to estate taxes. This article examines the option of creating an irrevocable life insurance trust (ILIT) to hold the policy. Mon, 30 Jan 2023 20:31:33 GMT https://www.mbkcpa.com/consider-the-use-of-an-ilit-to-avoid-estate-tax Individuals,tax,Taxation thumbnail main image https://www.mbkcpa.com/navigating-inflation-chart-a-course-for-success With prices jumping more than 8% over the past year or so, it’s not surprising that roughly 85% of small business owners recently said they’re concerned about the impact of inflation. This article suggests some steps business owners can take to help their businesses survive — and possibly even thrive — during these volatile economic times, including reviewing inflation’s impact by product line and investing in technology to improve efficiency. Mon, 30 Jan 2023 20:20:06 GMT https://www.mbkcpa.com/navigating-inflation-chart-a-course-for-success Business thumbnail main image https://www.mbkcpa.com/get-ready-for-tax-season Tax season is officially among us. With the right steps and proactive planning, you can take control of your taxes and ensure that everything is filed correctly and on time. Tue, 24 Jan 2023 16:05:25 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/get-ready-for-tax-season tax,Taxation,irs thumbnail main image https://www.mbkcpa.com/secure-2-0-act-of-2022-introduces-new-rules-and-incentives-to-promote-retirement-plans The SECURE Act 2.0 provides many new benefits and opportunities to save for retirement. It allows employers to offer more flexible contributions and encourages employees with incentives to become engaged in their own financial health. With reduced penalties and expanded self-correction rules, this act gives Americans more control over their retirement savings, allowing them to become better prepared for their future. Tue, 24 Jan 2023 15:22:39 GMT https://www.mbkcpa.com/secure-2-0-act-of-2022-introduces-new-rules-and-incentives-to-promote-retirement-plans Taxation thumbnail main image https://www.mbkcpa.com/minimize-the-risks-to-your-volunteers For many volunteers, possible legal and tax liabilities that may result from their service to a nonprofit organization would never cross their minds. And it’s usually not a big consideration for nonprofit organizations either. But failing to review possible ways volunteers can become subject to either legal or tax liabilities can put both volunteers and the organization at risk. Tue, 24 Jan 2023 15:00:30 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/minimize-the-risks-to-your-volunteers Non-Profit thumbnail main image https://www.mbkcpa.com/what-method-should-you-use-to-deduct-business-vehicle-expenses Businesspeople who use their passenger cars, vans or pickup trucks for business driving can generally deduct expenses attributable to the use of those vehicles, just like one that’s owned by the business. But it’s important to note that they can deduct only the portion of their overall expenses that’s attributable to their business use. This article points out that there are two ways to arrive at a deduction for the current year — the actual expense method or the standard mileage rate. A sidebar presents an example of how the deduction might work. Tue, 24 Jan 2023 14:55:55 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/what-method-should-you-use-to-deduct-business-vehicle-expenses Taxation thumbnail main image https://www.mbkcpa.com/honoring-longevity-and-excellence-january-2023 We would like to extend our warmest congratulations to our employees who are celebrating work anniversaries this month. Mon, 16 Jan 2023 18:32:13 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/honoring-longevity-and-excellence-january-2023 News & Events thumbnail main image https://www.mbkcpa.com/remote-audits-the-new-normal During the early phase of the COVID-19 pandemic, audit firms and their clients scrambled to adapt to performing remote audits. Although the pandemic’s grip has loosened, some firms are continuing to conduct remote audits — and they could stick with this approach for the long term. This article discusses what nonprofit organizations need to know to make the process as efficient and painless as possible. A brief sidebar looks at how making technological investments can lead to more efficient operations and less burdensome audits, remote or otherwise. Mon, 16 Jan 2023 18:13:16 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/remote-audits-the-new-normal Non-Profit,Assurance thumbnail main image https://www.mbkcpa.com/new-law-upgrades-home-energy-credits The new Inflation Reduction Act (IRA), signed in August of 2022, rewards homeowners for going green. Now you may qualify for either or both of two enhanced tax credits: the “residential clean energy credit” (previously the energy-efficient property credit) and the “energy-efficient home improvement credit” (previously the “nonbusiness energy property credit”). Mon, 16 Jan 2023 18:07:17 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/new-law-upgrades-home-energy-credits Taxation thumbnail main image https://www.mbkcpa.com/meyers-brothers-kalicka-p-c-announces-2023-promotions MBK is proud to announce new promotions for 2023! Thu, 05 Jan 2023 19:24:16 GMT https://www.mbkcpa.com/meyers-brothers-kalicka-p-c-announces-2023-promotions Press Release,News & Events thumbnail main image https://www.mbkcpa.com/tips-for-navigating-a-tough-labor-market Employers in all sectors are facing a tight job market. Posted positions may remain empty for months, and some employees seem to have few qualms about jumping ship, due in part to changes in worker expectations. But the situation doesn’t have to be dire for savvy nonprofits willing to adapt to the current circumstances. This article presents three tips to help nonprofit organizations: emphasizing the organization’s mission, rethinking how work gets done and demonstrating commitment to a positive work culture. Thu, 05 Jan 2023 14:00:02 GMT https://www.mbkcpa.com/tips-for-navigating-a-tough-labor-market Non-Profit,Recruiting thumbnail main image https://www.mbkcpa.com/timely-tax-tips-for-individuals-estates-and-businesses These brief tips detail why the current economic environment may be an ideal time for a Roth conversion; explain why higher interest rates may be beneficial to certain estate planning vehicles; and report on why a business should carefully respond to a sales tax nexus inquiry letter. Wed, 04 Jan 2023 14:00:00 GMT https://www.mbkcpa.com/timely-tax-tips-for-individuals-estates-and-businesses tax,Individuals,Taxation,irs,Business thumbnail main image https://www.mbkcpa.com/how-to-make-a-family-vacation-home-work-for-you Individuals considering buying a vacation home need to choose an ownership structure, whether it’s a corporation, a trust, tenants in common (TIC) or a limited liability company (LLC), that will best serve them going forward. This article suggests that though each structure has its pros and cons, an LLC might offer the most benefits. It lists a number of those benefits, such as that an LLC structure will limit family members’ exposure to personal liability lawsuits associated with the property and allow avoidance of probate at the owner’s death. Tue, 03 Jan 2023 16:08:42 GMT https://www.mbkcpa.com/how-to-make-a-family-vacation-home-work-for-you Real Estate,Individuals,Business thumbnail main image https://www.mbkcpa.com/mbk-holiday-hours The holiday season is here, and we want to take this opportunity to wish everyone a happy and safe holiday season! In recognition of the holidays, MBK will have special hours. Thu, 22 Dec 2022 15:48:07 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/mbk-holiday-hours News & Events thumbnail main image https://www.mbkcpa.com/mbk-adopts-2-families-for-the-holidays Thu, 22 Dec 2022 15:21:59 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/mbk-adopts-2-families-for-the-holidays community,News & Events thumbnail main image https://www.mbkcpa.com/fast-write-offs-for-start-up-costs It can be expensive to launch a business today, but new business owners may be able to deduct some start-up costs in the first year of operation. The trick is to get the business up and running before the end of the year. This article discusses a special tax law break that may be helpful to start-up businesses if they qualify. Thu, 22 Dec 2022 15:06:41 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/fast-write-offs-for-start-up-costs Taxation,Business thumbnail main image https://www.mbkcpa.com/tax-event-recap At the event, we discussed individual taxation, business taxation, and the Employee Retention Credit. The presentation also included tips for getting your documents in order and available resources available to you at MBK. Fri, 16 Dec 2022 19:32:34 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/tax-event-recap Taxation,News & Events thumbnail main image https://www.mbkcpa.com/get-ready-to-file-2022-taxes Over the last few years, we have all witnessed rapid changes to how we do business and live. Tax season has been no different and has seen many changes to tax law and deadlines. The 2022 tax season is set to complete with the normal deadlines, so be sure to get your taxes in order before the filing deadlines, April 17th for federal returns, and April 18th for Massachusetts returns. Wed, 14 Dec 2022 16:48:59 GMT https://www.mbkcpa.com/get-ready-to-file-2022-taxes tax,Taxation,irs thumbnail main image https://www.mbkcpa.com/2022-hybrid-tax-event RSVP Required: We know that tax season can feel daunting but we'd like to help make it feel more manageable. MBK will hold its annual client tax update meeting on Thursday, December 15th from 8:30 a.m. - 10:30 a.m. Mon, 05 Dec 2022 22:46:33 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/2022-hybrid-tax-event Taxation,News & Events thumbnail main image https://www.mbkcpa.com/mbk-proudly-supports-local-food-pantries This month, the firm participated in several initiatives to raise money, food, and awareness for local food organizations. Below is a recap and information on how you can get involved. Mon, 21 Nov 2022 19:29:55 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/mbk-proudly-supports-local-food-pantries Non-Profit,community,News & Events thumbnail main image https://www.mbkcpa.com/my-postdca36466 Happy Thanksgiving to our clients, colleagues, and community in Western Mass! Mon, 21 Nov 2022 18:08:12 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/my-postdca36466 News & Events thumbnail main image https://www.mbkcpa.com/massachusetts-millionaire-s-tax-what-we-know-now Last week, Massachusetts voters approved a constitutional amendment, commonly referred to as the Fair Share Amendment or the Millionaire's Tax, to add a 4% surtax on income over $1 million. Mon, 21 Nov 2022 17:45:36 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/massachusetts-millionaire-s-tax-what-we-know-now Taxation thumbnail main image https://www.mbkcpa.com/2022-year-end-tax-planning As another tumultuous year draws to a close, both individuals and small business owners are advised to assess their current tax situation, with an eye on maximizing available tax breaks and avoiding potential tax pitfalls. Planning should be based on the latest laws of the land. Wed, 16 Nov 2022 19:08:14 GMT https://www.mbkcpa.com/2022-year-end-tax-planning tax,Individuals,Taxation,irs,Business thumbnail main image https://www.mbkcpa.com/year-end-tax-planning-tips-for-investors Savvy investors know that taxes can have a big impact on their returns. And while tax considerations should generally take a back seat to sound investment strategies, consider year-end moves that can slash one’s tax bill. This article provides a few ideas to consider as the end of 2022 nears. Tue, 08 Nov 2022 15:36:07 GMT https://www.mbkcpa.com/year-end-tax-planning-tips-for-investors Individuals,tax,Taxation thumbnail main image https://www.mbkcpa.com/consider-po-financing-to-help-your-business-grow An increase in purchase orders is a positive development for most businesses — proof that customers are interested in, and buying, their products. At the same time, rising sales can prompt a cash crunch. Some companies, especially smaller, growing firms, may lack enough cash to pay their suppliers and fill new orders — often because they’re waiting to be paid for previous sales. This is where purchase order financing, often referred to as “PO financing,” can help. Fri, 04 Nov 2022 14:33:33 GMT https://www.mbkcpa.com/consider-po-financing-to-help-your-business-grow Family & Independent,Business,Wholesale & Distribution thumbnail main image https://www.mbkcpa.com/make-the-most-of-the-general-business-credit Tax credits are far more valuable than tax deductions. Unlike a deduction, which reduces a business’s taxable income, a credit reduces the business’s tax liability dollar for dollar. Tax credits aren’t unlimited, however. For businesses, the aggregate value of tax credits may be limited by the general business credit (GBC). This article explains how the GBC works. A brief sidebar lists specific individual tax credits included under the GBC. Fri, 04 Nov 2022 14:32:56 GMT https://www.mbkcpa.com/make-the-most-of-the-general-business-credit tax,Taxation,irs,Business thumbnail main image https://www.mbkcpa.com/an-evening-of-community-connections This past month, Meyers Brothers Kalicka, P.C. hosted our second Networking Night for Emerging Leaders with professionals in attendance from all around Western Massachusetts. It was a pleasure to host this lively and engaging group of people for an evening of complimentary drinks by Tin Bridge Brewery, filling food from the Log Cabin food truck, lawn games, and trivia with MBK’s own Ian Coddington! Thu, 03 Nov 2022 20:37:27 GMT https://www.mbkcpa.com/an-evening-of-community-connections News & Events thumbnail main image https://www.mbkcpa.com/mbk-makes-and-donates-64-pink-scarves-for-rays-of-hope Rays of hope Tue, 04 Oct 2022 14:52:31 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/mbk-makes-and-donates-64-pink-scarves-for-rays-of-hope community,News & Events thumbnail main image https://www.mbkcpa.com/gifts-that-give-back When donating to charity, a major decision one needs to make is whether to donate assets held in a trust or those that he or she holds individually. This article examines the tax consequences of making individual asset donations vs. donating trust property and details the circumstances under which donations by a trust are deductible. Tue, 04 Oct 2022 13:07:36 GMT https://www.mbkcpa.com/gifts-that-give-back Individuals,tax,Taxation thumbnail main image https://www.mbkcpa.com/year-end-tax-planning-for-business For most businesses, year-end tax planning involves a delicate balancing act, and the more flexibility that’s built into the plan, the better. That’s because the tax code is in a constant state of flux, which makes it challenging to identify the most effective strategies. Tax strategies that are right for one business might be wrong for another. This article explains a few different strategies that provide planning flexibility. A sidebar discusses whether a business owner can deduct the costs of interior building improvement. Mon, 03 Oct 2022 13:39:19 GMT https://www.mbkcpa.com/year-end-tax-planning-for-business tax,Taxation,Business thumbnail main image https://www.mbkcpa.com/implementing-a-more-modern-cost-accounting-approach-in-healthcare-organizations The cost of delivering healthcare has been rising for years, and the current cost accounting approach may no longer be effective in the post-COVID-19 world. A more modern cost accounting approach is needed to accurately reflect the true cost of care and improve decision making. Thu, 29 Sep 2022 19:42:25 GMT https://www.mbkcpa.com/implementing-a-more-modern-cost-accounting-approach-in-healthcare-organizations Healthcare thumbnail main image https://www.mbkcpa.com/meyers-brothers-kalicka-p-c-named-best-accounting-firm-in-2023-reader-raves MBK was named Best Accounting firm in the 2023 Reader Raves, presented by The Republican and MassLive. Mon, 12 Sep 2022 16:46:25 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/meyers-brothers-kalicka-p-c-named-best-accounting-firm-in-2023-reader-raves News & Events thumbnail main image https://www.mbkcpa.com/stuffing-the-bus-with-united-way-of-pioneer-valley-for-2022 As the summer draws to a close and school buses rejoin the morning commuter fray, United Way of Pioneer Valley once again rallied their local partners, including Meyers Brothers Kalicka, P.C., to gather school supplies for their annual Stuff the Bus Drive. United Way explains, “Stuff the Bus is our annual program to bring school supplies to students who are homeless. We work with every public school district in Hampden County, South Hadley, and Granby to make sure all youth in need receive a backpack filled with all the supplies they need for the school year. For the upcoming school year, we expect to donate roughly 1400 backpacks holding pencils, paper, pens, art supplies, and more.” Fri, 09 Sep 2022 16:33:56 GMT https://www.mbkcpa.com/stuffing-the-bus-with-united-way-of-pioneer-valley-for-2022 community,News & Events thumbnail main image https://www.mbkcpa.com/skipping-the-generation-skipping-transfer-tax Under the generation-skipping transfer (GST) tax, an additional tax (on top of estate tax) may be imposed on gifts and bequests that skip a generation. So, it’s not possible for individuals to automatically avoid adverse tax consequences simply by bypassing their children. This article suggests, however, that with proper planning, individuals may be able to sidestep the GST tax — or at least minimize it. A sidebar offers three strategies to minimize GST tax. Tue, 06 Sep 2022 14:35:02 GMT https://www.mbkcpa.com/skipping-the-generation-skipping-transfer-tax Individuals,tax,Taxation thumbnail main image https://www.mbkcpa.com/tips-for-individual-taxpayers-to-consider These brief tips explain why now is a good time to check one’s flexible spending account’s balance; explore how relying on IRS-issued FAQs can help avoid noncompliance regulations; and detail the benefits of opening a Roth IRA for a child. Fri, 02 Sep 2022 17:02:54 GMT https://www.mbkcpa.com/tips-for-individual-taxpayers-to-consider Individuals,tax,Taxation,irs thumbnail main image https://www.mbkcpa.com/what-you-need-to-know-about-bank-covenants You may be a business owner that is looking to expand into a new market, purchase new equipment, or conduct development on a new product or design but don't want to use cash from operations. How do you complete this? One of the most common ways to fund these kinds of ventures is through financing, specifically debt financing. To effectively use debt, you need to understand covenants, which may be included in the loan agreement. Mon, 29 Aug 2022 18:27:02 GMT https://www.mbkcpa.com/what-you-need-to-know-about-bank-covenants Business thumbnail main image https://www.mbkcpa.com/should-long-term-care-insurance-be-part-of-your-financial-plan People can’t know what health issues await them, but it’s pretty certain that if they live long enough, they’ll need some form of long-term care. This article suggests considering the option of long-term care insurance to avoid being caught without the needed resources in the event of a catastrophic, long-term health event. Wed, 17 Aug 2022 17:37:19 GMT https://www.mbkcpa.com/should-long-term-care-insurance-be-part-of-your-financial-plan Individuals thumbnail main image https://www.mbkcpa.com/is-your-business-getting-the-credits-it-deserves It’s a challenging time to grow a business. So, any help a business owner can get in the form of tax credits, tax exemptions, grants, low-cost financing and other incentives can make a big difference. Unfortunately, these incentives often go unclaimed. Learn about the two types of tax incentives: statutory and discretionary. A brief sidebar explores the availability of states’ sales tax exemptions. Tue, 16 Aug 2022 14:53:43 GMT https://www.mbkcpa.com/is-your-business-getting-the-credits-it-deserves tax,Taxation,Business thumbnail main image https://www.mbkcpa.com/announcing-five-new-hires-at-meyers-brothers-kalicka-p-c Please join us in welcoming the latest additions to the staff at Meyers Brothers Kalicka, P.C. Bringing their experience and fresh perspective to each department, we are happy to have Christine Shea, David Lawson, Nicholas Mishol, Taylor Sawicki, and Olivia Freeman join the firm. Thu, 11 Aug 2022 17:46:24 GMT https://www.mbkcpa.com/announcing-five-new-hires-at-meyers-brothers-kalicka-p-c News & Events thumbnail main image https://www.mbkcpa.com/cash-it-in-save-tax-with-qualified-small-business-stock Those looking to inject cash into their small corporations or any other business venture may want to acquire qualified small business stock (QSBS). It’s possible to enjoy a tax exclusion on 100% of capital gain when selling the stock down the road. Also learn about the requirements for qualifying for the QSBS tax break. Fri, 05 Aug 2022 12:50:37 GMT https://www.mbkcpa.com/cash-it-in-save-tax-with-qualified-small-business-stock tax,Taxation,Business thumbnail main image https://www.mbkcpa.com/taking-advantage-of-the-community-advantage-loan-program If a business operates in what’s known as an underserved area and could benefit from additional capital, the Community Advantage Loan Program, an initiative of the Small Business Administration, may be able to help. Many Community Advantage borrowers are small business owners and entrepreneurs who have generally been in business for less than three years and don’t qualify for traditional financing. Also learn how a small business can determine whether such a loan is a good fit. Wed, 03 Aug 2022 13:20:15 GMT https://www.mbkcpa.com/taking-advantage-of-the-community-advantage-loan-program Family & Independent,Business thumbnail main image https://www.mbkcpa.com/tax-tips-for-single-filers-and-families These brief tips detail why Health Savings Accounts can act not only as tax-advantaged savings vehicles for funding uninsured health care expenses, but also as attractive retirement savings vehicles; and explain under what circumstances one should consider filing a tax return as “married filing separately.” Tue, 02 Aug 2022 16:36:19 GMT https://www.mbkcpa.com/tax-tips-for-single-filers-and-families Individuals,tax,Taxation thumbnail main image https://www.mbkcpa.com/how-to-benefit-from-the-home-sale-gain-exclusion Home prices are at record highs in some parts of the country and many people are looking to make career or lifestyle changes. Those considering downsizing or moving to another location could be in line for large tax breaks when they sell their homes. Some taxpayers in these circumstances may be able to pocket up to a half million dollars in gain from the sale of their principal residences without owing any federal income tax. Tue, 19 Jul 2022 15:00:53 GMT https://www.mbkcpa.com/how-to-benefit-from-the-home-sale-gain-exclusion Individuals,tax,Taxation thumbnail main image https://www.mbkcpa.com/are-you-making-the-most-of-your-401-k-plan One of the smartest ways to save for retirement is to annually max out 401(k) plan contributions. If one’s employer offers matching contributions, it’s advisable to contribute at least enough to qualify for the maximum employer match. However, the timing of one’s contributions can have an impact on eligibility for matching contributions. This article explains the ins and outs of “front-loading” contributions vs. spreading contributions out evenly over the year. Fri, 15 Jul 2022 15:12:40 GMT https://www.mbkcpa.com/are-you-making-the-most-of-your-401-k-plan Individuals thumbnail main image https://www.mbkcpa.com/data-analytics-using-technology-to-meet-your-nonprofits-goals In today’s technologically advanced world, data rules. But simply having highly relevant information will be of little use if organizations don’t know what to do with it. This article discusses how organizations can harness the power of data by using it in day-to-day decision making and strategic planning, as well as providing stakeholders, donors and volunteers with up-to-date information about fundraising, programming and outreach. Thu, 14 Jul 2022 12:25:52 GMT https://www.mbkcpa.com/data-analytics-using-technology-to-meet-your-nonprofits-goals Non-Profit thumbnail main image https://www.mbkcpa.com/is-an-educational-assistance-program-right-for-you-your-business-and-your-employees Education assistance programs provide access to learning opportunities for staff members to gain new skills and maintain up to date knowledge in their field with financial assistance from their employer. This is a commonly offered employer benefit, but not all business owners might be aware of the current opportunity to expand this benefit. The CARES Act of 2020 included an expansion of Section 127 which allows employers to expense payments to employee student loans in addition to previously allowed payments on tuition, fees, books, and supplies. Tue, 12 Jul 2022 13:30:09 GMT https://www.mbkcpa.com/is-an-educational-assistance-program-right-for-you-your-business-and-your-employees Recruiting,tax,Taxation,Business thumbnail main image https://www.mbkcpa.com/mbk-links-with-oneholyoke-cdc-to-keepitclean2k22 Chelsea, Ian, Mia, Carolyn and Cheryl joined the Director of Community Engagement and Resident Services, Nayroby Rosa-Soriano; Executive Director, Mike Moriarty; City Councilor, Tessa Murphy-Romboletti; Mayor of Holyoke, Joshua Garcia and a group of volunteers to clean about 2 miles of streets in Holyoke. Together, they filled ten bags of trash. Mon, 11 Jul 2022 18:22:05 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/mbk-links-with-oneholyoke-cdc-to-keepitclean2k22 Non-Profit,community,News & Events thumbnail main image https://www.mbkcpa.com/how-to-succeed-in-hiring-gen-z In the midst of the “Great Resignation”, employers are desperate to hire new staff. Insider Intelligence reports that in 2022, approximately 20.2% of the US population will be made up of Generation Z, meaning employers will increasingly need to turn to this group to fill roles. Raised in different decades and growing up utilizing different technologies, it can be a challenge to integrate intergenerational individuals employed in the same workplace. But with the influx of young workers entering the market, employers need to continue to learn and adapt so they can obtain and retain the best applicant, just as they require their new hires to adapt, learn, and grow within their role. Thu, 07 Jul 2022 14:51:25 GMT https://www.mbkcpa.com/how-to-succeed-in-hiring-gen-z Recruiting,Business thumbnail main image https://www.mbkcpa.com/nail-down-installment-sale-tax-breaks An owner of investment or commercial real estate who is planning to sell this year could owe a hefty tax on the transaction. This article explains that one possible strategy is to arrange an installment sale, thereby spreading out the tax over time and giving a buyer more time to come up with the cash needed to seal the deal. A sidebar discusses when it might be a good idea to “elect out” of installment sale treatment on a tax return. Fri, 24 Jun 2022 14:05:06 GMT https://www.mbkcpa.com/nail-down-installment-sale-tax-breaks tax,Taxation,Business thumbnail main image https://www.mbkcpa.com/new-accounting-rule-could-bring-change-to-nonprofits-financial-statements A new accounting standard from the Financial Accounting Standards Board (FASB) appears on its face to apply only to financial institutions. But it could affect nonprofits that adhere to Generally Accepted Accounting Principles (GAAP). This article highlights Accounting Standards Update (ASU) No. 2016-13, Financial Instruments — Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments. This ASU requires earlier reporting of credit losses on receivables, loans and other financial assets, and expands the range of information considered in determining expected credit losses. Thu, 23 Jun 2022 13:10:50 GMT https://www.mbkcpa.com/new-accounting-rule-could-bring-change-to-nonprofits-financial-statements Non-Profit thumbnail main image https://www.mbkcpa.com/midyear-tax-planning-discussions-that-your-2022-return-will-thank-you-for Accountants spend a lot of time talking to clients during tax season about the importance of tax planning. Now is that crucial time. As we approach the halfway point of 2022, tax planning discussions should be underway for many businesses and individual taxpayers. Wed, 22 Jun 2022 14:40:57 GMT https://www.mbkcpa.com/midyear-tax-planning-discussions-that-your-2022-return-will-thank-you-for tax,Taxation,Business thumbnail main image https://www.mbkcpa.com/business-succession-and-estate-planning-go-hand-in-hand A business owner’s most valuable asset likely is his or her company. Thus, addressing it in an estate plan is critical if, for example, the person dies unexpectedly or becomes disabled. This article explains that an estate plan can help provide a smooth transition of the business to the owner’s children or other family members after retirement. Thu, 16 Jun 2022 13:16:15 GMT https://www.mbkcpa.com/business-succession-and-estate-planning-go-hand-in-hand Family & Independent,tax,Taxation,Business thumbnail main image https://www.mbkcpa.com/how-to-hit-the-jackpot-with-the-qbi-deduction The qualified business income (QBI) deduction, authorized by the Tax Cuts and Jobs Act (TCJA), is available to owners of pass-through entities — such as S corporations, partnerships and limited liability companies (LLCs) — as well as self-employed individuals. This article highlights how the QBI deduction works and points out that it’s only available for a limited time and will expire after 2025, absent further legislative action. Wed, 15 Jun 2022 15:11:23 GMT https://www.mbkcpa.com/how-to-hit-the-jackpot-with-the-qbi-deduction tax,Taxation,Business thumbnail main image https://www.mbkcpa.com/ways-to-diversify-your-revenue-streams Many nonprofits learned the importance of revenue diversification the hard way over the past two years. Unexpected reductions, or even elimination, of certain revenue streams had them scrambling to meet increased demand — or simply to stay afloat. This article examines how nonprofits can achieve the greater financial stability that typically comes through diversification of revenue streams. A short sidebar covers a few potential downsides of revenue diversification that each organization must assess to determine whether the benefits outweigh the costs. Tue, 14 Jun 2022 14:46:09 GMT https://www.mbkcpa.com/ways-to-diversify-your-revenue-streams Non-Profit,tax,Taxation,irs thumbnail main image https://www.mbkcpa.com/choosing-an-entity-type-what-is-right-for-your-business When you start a new business there are many decisions to be made, but one of the first and most important is what form of legal entity your business will take. The entity type you choose will have lasting effects including how you are protected under the law and affected by income tax regulations, so it is important to have clear reasons for your decision and think long-term when making your choice. Fri, 10 Jun 2022 16:19:40 GMT https://www.mbkcpa.com/choosing-an-entity-type-what-is-right-for-your-business tax,Taxation,irs,Business thumbnail main image https://www.mbkcpa.com/irs-tightens-documentation-requirements-for-refund-claims In recent guidance, the IRS has imposed strict new documentation requirements on businesses that file refund claims for federal research credits. Currently, businesses may claim the research credit on an originally filed return or an amended return. This article explains that the new requirements apply to the latter, although it’s possible that the IRS will attempt to enhance the documentation requirements for originally filed returns down the road. A sidebar explores research expense deductions. Tue, 17 May 2022 18:05:28 GMT https://www.mbkcpa.com/irs-tightens-documentation-requirements-for-refund-claims tax,Taxation,irs,Business thumbnail main image https://www.mbkcpa.com/my-post These brief tips explain the specifics of when an estate’s executor can defer the payment of estate taxes for up to 14 years; detail the ins and outs of using alternative IRA investments; and discuss the fact that for 2022, the annual gift tax exclusion was increased by $1,000 to $16,000. Mon, 16 May 2022 13:56:00 GMT https://www.mbkcpa.com/my-post tax,Taxation,Business thumbnail main image https://www.mbkcpa.com/how-long-should-a-small-business-keep-records It's that time of year again! Tax filing season has come to a close and business tax returns have been filed. For many businesses, this is also a time to purge old files and business tax records. While it may be tempting to simply throw away old records and business documents, it's important to be mindful of the different laws and regulations surrounding document retention. Here are some things to keep in mind when asking how long to keep business records. Mon, 16 May 2022 12:00:00 GMT https://www.mbkcpa.com/how-long-should-a-small-business-keep-records Business thumbnail main image https://www.mbkcpa.com/the-latest-in-not-for-profit-news An increase of non-profit funding in 2021 provides encouraging signs for the future of charitable organizations; gifts made in Betty White's memory made a national impact on not-for-profits focused on animal-related organizations; more non-profit employees qualify for the PSLF program than ever before under new program overhaul. Fri, 13 May 2022 15:14:32 GMT https://www.mbkcpa.com/the-latest-in-not-for-profit-news Non-Profit thumbnail main image https://www.mbkcpa.com/innovation-can-help-your-business-thrive The COVID-19 pandemic has been a major blow to large parts of the economy. Although many businesses have managed to survive in these volatile and unpredictable conditions, some may be teetering on the edge of financial stress. In difficult economic times, business as usual may not be sufficient to sustain profitability. Wed, 04 May 2022 16:08:55 GMT https://www.mbkcpa.com/innovation-can-help-your-business-thrive Business thumbnail main image https://www.mbkcpa.com/providing-a-helping-hand-to-christinas-house As a part of our commitment to community, MBK gathered much needed supplies requested by Christina's House, a ministry that provides transitional housing, education and support to women and their children who are experiencing or are close to homelessness. Wed, 04 May 2022 15:51:25 GMT https://www.mbkcpa.com/providing-a-helping-hand-to-christinas-house community,News & Events thumbnail main image https://www.mbkcpa.com/pumping-up-tax-breaks-for-company-gyms The COVID-19 pandemic has caused many employers to rethink the way they’re using their physical premises. Businesses may now have fewer workers coming regularly to the office and may want to develop different uses of the space to better accommodate operations. One idea is to create an on-site athletic facility for employees. This article explains that besides creating goodwill and improving morale, this can result in a big tax payoff. Wed, 04 May 2022 15:49:10 GMT https://www.mbkcpa.com/pumping-up-tax-breaks-for-company-gyms tax,Taxation,Business thumbnail main image https://www.mbkcpa.com/planning-to-unretire-what-to-consider-before-re-entering-the-workplace For many people, retiring from regular work is the ultimate goal. But for some retired people, “unretiring” can offer camaraderie, mental stimulation and a healthier bank account. This article explains, though, that before making the leap, individuals need to understand how taking this step can impact their Social Security benefits and Medicare coverage. It also provides a brief summary of the pertinent details. Mon, 02 May 2022 14:40:51 GMT https://www.mbkcpa.com/planning-to-unretire-what-to-consider-before-re-entering-the-workplace tax,Taxation thumbnail main image https://www.mbkcpa.com/hirenow-new-massachusetts-grant-program-aims-to-address-hiring-challenges With 200,000 open jobs available across the Commonwealth of Massachusetts, the Baker-Polito administration announced the HireNow program to help Massachusetts employers fill available roles. Currently, unfilled job postings are up 20% compared to pre-pandemic data, while over 85,000 workers are not currently participating in the labor market. Learn more about the program at mass.gov. Mon, 02 May 2022 14:13:28 GMT https://www.mbkcpa.com/hirenow-new-massachusetts-grant-program-aims-to-address-hiring-challenges News & Events,Business thumbnail main image https://www.mbkcpa.com/are-you-currently-hosting-or-considering-to-host-on-third-party-sites Whether you are a first-time host or an experienced pro, it’s important to consider the responsibilities as much as the benefits. We've created a comprehensive tax guide for vacation rental owners which covers everything from how to report your income to the IRS, to what deductions you can claim. Thu, 21 Apr 2022 16:55:31 GMT https://www.mbkcpa.com/are-you-currently-hosting-or-considering-to-host-on-third-party-sites Taxation thumbnail main image https://www.mbkcpa.com/4-best-practices-to-prepare-for-your-year-end-audit Have you ever wondered what you can do to make an audit go smoothly and be as efficient as possible so that deadlines can be met? This is a great opportunity for you to learn about how your organization can have a more efficient audit process and how your organization can continue to improve procedures surrounding audit preparation. As an auditor that is involved in many not-for-profits, I’d like to share some best practices to help you prepare for your year-end audit. Thu, 07 Apr 2022 15:38:17 GMT https://www.mbkcpa.com/4-best-practices-to-prepare-for-your-year-end-audit Non-Profit thumbnail main image https://www.mbkcpa.com/corporations-watch-out-for-the-phc-tax Since the Tax Cuts and Jobs Act reduced the top federal corporate income tax rate to 21%, an increasing number of business owners are contemplating establishing their businesses as C corporations or switching their pass-through entities to C corporation status. However, entity choice is a complex decision that involves consideration of several financial, tax and legal factors. This article details one factor that a closely held C corporation shouldn’t overlook: potential liability for the personal holding company (PHC) tax. Thu, 07 Apr 2022 15:06:06 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/corporations-watch-out-for-the-phc-tax Taxation thumbnail main image https://www.mbkcpa.com/the-department-of-labor-announces-the-increasing-of-minimum-wages-for-federal-contractors January 31, 2022, is the effective date for the federal minimum wage to be increased to $15 per hour. Thu, 24 Mar 2022 13:33:47 GMT https://www.mbkcpa.com/the-department-of-labor-announces-the-increasing-of-minimum-wages-for-federal-contractors Business thumbnail main image https://www.mbkcpa.com/look-before-you-leap-nonprofits-and-grants Most nonprofits look to government and/or foundation grants to help finance goals. These grants are fundamental in expanding an organization’s reach. But organizations may find it difficult to quantify all the costs and benefits associated with a potential grant. Nonprofits that don’t do their research before accepting money could face problems down the road. This article summarizes the risks of blindly accepting grants, how administrative burdens can undermine a grant’s face value, and the possibility that expenses aren’t allowable or reimbursable under a grant. Wed, 23 Mar 2022 18:18:24 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/look-before-you-leap-nonprofits-and-grants Non-Profit thumbnail main image https://www.mbkcpa.com/are-you-ready-for-new-lease-accounting-rules After a COVID-related delay, the new accounting standard for leases takes effect for all organizations (including nonprofits) that haven’t yet adopted it for 2022. The Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) 2016-02, Leases (Topic 842), applies to all entities that lease assets such as real estate, vehicles and equipment. The new rules are codified in FASB Accounting Standards Codification (ASC) 842. This article provides an overview of what nonprofit lessees need to know, while a short sidebar covers the ramifications if the organization is the lessor. Wed, 23 Mar 2022 18:01:00 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/are-you-ready-for-new-lease-accounting-rules Taxation,Business thumbnail main image https://www.mbkcpa.com/mbk-links-up-with-full-gospel-church-to-send-supplies-to-the-ukraine As you know, the war that has escalated on Ukraine has affected many people in unimaginable ways. Senior Associate, Mila Renkas who has several family members and friends who are directly impacted, helped MBK to organize a drive to donate goods and money. Fri, 18 Mar 2022 20:15:38 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/mbk-links-up-with-full-gospel-church-to-send-supplies-to-the-ukraine community,News & Events thumbnail main image https://www.mbkcpa.com/don-t-sleep-on-the-dependent-care-credit There’s good tax news — and bad tax news — for parents who pay someone to watch their young children while they are at work. This article explains that under the American Rescue Plan Act, the dependent care credit for qualified expense was generally enhanced, providing bigger tax savings on 2021 returns. It also notes that the revamped credit is completely phased out for some high-income taxpayers. A sidebar discusses other options for the dependent care tax credit. Mon, 14 Mar 2022 17:02:51 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/don-t-sleep-on-the-dependent-care-credit Taxation thumbnail main image https://www.mbkcpa.com/mbk-delivers-supplies-and-gift-cards-to-the-ywca-of-western-mass Community involvement is one of our core values. MBK is proud to donate supplies and gift cards to the YWCA of Western Massachusetts. Thu, 03 Mar 2022 22:17:38 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/mbk-delivers-supplies-and-gift-cards-to-the-ywca-of-western-mass community,News & Events thumbnail main image https://www.mbkcpa.com/how-can-you-improve-pay-equity-in-your-company Providing the same compensation to workers who perform the same or similar jobs — while accounting for differences in experience and tenure — is both required by law and good business. This article offers some steps that can help business owners assess and, if necessary, improve, pay equity within their organizations. Thu, 03 Mar 2022 21:10:14 GMT https://www.mbkcpa.com/how-can-you-improve-pay-equity-in-your-company Recruiting,Management Advisory,Business thumbnail main image https://www.mbkcpa.com/the-pros-and-cons-of-retirement-plan-rollovers In this volatile economy, some sectors are looking better than ever while others are still struggling. Accordingly, many employees are reassessing their careers and seeking new employment in more lucrative industries. Those changing jobs need to understand the ins and outs of transferring from one retirement plan to another to ensure they don’t diminish their savings or unnecessarily owe taxes because of the transition. Thu, 03 Mar 2022 20:52:34 GMT https://www.mbkcpa.com/the-pros-and-cons-of-retirement-plan-rollovers tax,Taxation thumbnail main image https://www.mbkcpa.com/upcoming-tax-event-in-partnership-with-mental-health-association If you are a Shared Living provider or are considering becoming one, get your tax-related questions ready and join us next week on Zoom! Meyers Brothers Kalicka, P.C. will be hosting a virtual event in partnership with MHA (Mental Health Association) on Thursday March 17, 2022 at 12:00 p.m. to 1:00 p.m. This is a free, hour-long event with tax associates Fran Murphy and Rachel Curry. Wed, 02 Mar 2022 17:32:45 GMT https://www.mbkcpa.com/upcoming-tax-event-in-partnership-with-mental-health-association tax,Taxation,News & Events thumbnail main image https://www.mbkcpa.com/sharing-our-knowledge-to-help-western-mass-thrive-2021-thought-leadership-awards At Meyers Brothers Kalicka, P.C., our mission is to provide knowledge and resources to our clients, colleagues and community that enable them to grow and thrive in Western Massachusetts. As a part of our constant work toward this mission, the staff at MBK works hard to make sure our community is informed on the latest changes that may affect their accounting experience. To wrap up 2021, we recognized the staff that have stepped up to keep our community informed with our Thought Leadership Awards. Wed, 02 Mar 2022 17:21:05 GMT https://www.mbkcpa.com/sharing-our-knowledge-to-help-western-mass-thrive-2021-thought-leadership-awards News & Events thumbnail main image https://www.mbkcpa.com/staying-on-top-of-collections It’s important for business owners to be aware of any red flags that prospective customers could be payment risks. And, if payment issues do arise, owners must act quickly to head off trouble. This article lists some warning signs of possible future collections problems to help business owners reduce risk when taking on new customers. Mon, 28 Feb 2022 19:17:40 GMT https://www.mbkcpa.com/staying-on-top-of-collections Business thumbnail main image https://www.mbkcpa.com/hiring-veterans-may-lower-your-payroll-taxes Employers of all stripes, both nonprofit and for-profit, often overlook a federal tax break available to organizations that hire new employees from certain groups who have traditionally faced obstacles to hiring. While the Work Opportunity Tax Credit (WOTC) is more limited for nonprofits, it nonetheless presents payroll tax-saving opportunities that can prove especially valuable for organizations that are ramping up hiring. Mon, 28 Feb 2022 19:05:16 GMT https://www.mbkcpa.com/hiring-veterans-may-lower-your-payroll-taxes Non-Profit,tax,Taxation thumbnail main image https://www.mbkcpa.com/its-all-in-the-family-tax-breaks-that-may-benefit-parents-and-children Federal tax law already included many family-friendly provisions before some 2020 and 2021 legislation enhanced several tax breaks that benefit parents and children. With that in mind, this article offers some tax-saving opportunities taxpayers may be able to take advantage of on their 2021 income tax returns. A sidebar discusses the tax implications of adopting a child in 2021. Tue, 15 Feb 2022 14:52:35 GMT https://www.mbkcpa.com/its-all-in-the-family-tax-breaks-that-may-benefit-parents-and-children tax,Taxation thumbnail main image https://www.mbkcpa.com/honoring-longevity-and-excellence Meyers Brothers Kalicka honors its employees for longevity, with a commitment to making an impact on clients and businesses in Western Massachusetts. Thu, 10 Feb 2022 18:29:36 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/honoring-longevity-and-excellence News & Events thumbnail main image https://www.mbkcpa.com/driving-the-company-car-when-do-employees-owe-taxes When a company-owned vehicle is used for business purposes, it is not considered taxable income because it is required for the employee to do their job. However, when an employee uses a company car for personal reasons, that use may be taxable. It is important for you as the business owner, to know when you and your employees owe taxes, and when the use is not taxed. Know how use of company cars is taxed for you and your employees. Thu, 10 Feb 2022 14:25:52 GMT https://www.mbkcpa.com/driving-the-company-car-when-do-employees-owe-taxes tax,Taxation,Business thumbnail main image https://www.mbkcpa.com/parking-relief-for-businesses-in-rural-remote-or-industrial-locations Final regulations have been issued related to deductions for parking expenses. The major change provided by the regulations deal with businesses that provide parking to their employees in rural, industrial, or remote areas where the fair market value of the parking is considered to be negligible. These businesses will now have a zero disallowance for parking-related expenses. Wed, 09 Feb 2022 19:14:09 GMT https://www.mbkcpa.com/parking-relief-for-businesses-in-rural-remote-or-industrial-locations tax,Taxation,Business thumbnail main image https://www.mbkcpa.com/tax-planning-for-2022-reporting-payments-from-third-party-apps If you receive commercial payments through payment applications like Venmo, Cash App, or PayPal, you are likely to receive a Form 1099 from these entities for 2022, whether you run a small business, or a side gig. This change to reporting requirements does not change tax law or add a new tax. Instead, it increases the burden on payment applications to report commercial transactions made through their app to the IRS. Tue, 08 Feb 2022 20:13:51 GMT https://www.mbkcpa.com/tax-planning-for-2022-reporting-payments-from-third-party-apps Family & Independent,tax,Taxation,Business thumbnail main image https://www.mbkcpa.com/funds-are-still-available-for-the-massachusetts-covid-19-temporary-emergency-paid-sick-leave-program COVID-19 cases remain high in the state of Massachusetts following the holiday season in conjunction with the introduction of the Omicron variant. Massachusetts COVID-19 Emergency Paid Sick Leave is still available to Massachusetts businesses and their employees. The Emergency Paid Sick Leave Act, effective beginning May 28, 2021 was extended to April 1, 2022 or until the $75 million in program funds is fully depleted, whichever comes first. This means that all public and private employers in Massachusetts (except the U.S. government) are required to make paid leave time available to employees through this date if they are unable to work due to COVID-19. Mon, 07 Feb 2022 21:38:26 GMT https://www.mbkcpa.com/funds-are-still-available-for-the-massachusetts-covid-19-temporary-emergency-paid-sick-leave-program Business thumbnail main image https://www.mbkcpa.com/cryptocurrency-journeys-can-be-risky-rewarding-and-have-unknown-tax-implications While cryptocurrency has been around since 2008, its popularity has soared over the past two years as people dove into new interests during the pandemic. Whether you used your time in lockdown to learn how to bake banana bread or mine dogecoins, it’s important to note that the latter may have come with some tax implications. Thu, 03 Feb 2022 18:53:08 GMT https://www.mbkcpa.com/cryptocurrency-journeys-can-be-risky-rewarding-and-have-unknown-tax-implications tax,Cryptocurrency,Taxation thumbnail main image https://www.mbkcpa.com/what-s-new The use of automatic enrollment has pushed participation in 403(b) retirement plans to the highest level since 2008; the growth of impact investing to help achieve various societal benefits; and how the Great Recession of 2008 affected nonprofit giving. Thu, 03 Feb 2022 18:50:02 GMT https://www.mbkcpa.com/what-s-new Non-Profit thumbnail main image https://www.mbkcpa.com/online-event-get-ready-for-tax-filing-2021 Join us for an online session on February 4, 2022 at 9:00 a.m. to get ready for the 2021 tax filing season. This event is free to attend Thu, 27 Jan 2022 17:55:56 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/online-event-get-ready-for-tax-filing-2021 Taxation,News & Events thumbnail main image https://www.mbkcpa.com/meyers-brothers-kalicka-p-c-announces-promotions Meyers Brothers Kalicka, P.C. is proud to announce several promotions within our staff. Wed, 26 Jan 2022 14:59:31 GMT https://www.mbkcpa.com/meyers-brothers-kalicka-p-c-announces-promotions News & Events thumbnail main image https://www.mbkcpa.com/deduct-your-charitable-donations-for-2021-with-the-standard-deduction If you are among the 9 out of 10 taxpayers who file for the standard deduction on your individual income tax return, you may qualify for extra tax savings on your 2021 return with the charitable giving deduction for 2021. Normally, only those taxpayers who itemize can take deductions for charitable giving. However, for 2021 tax payers may be able to deduct up to $600 for cash donations while taking the standard deduction. Wed, 26 Jan 2022 14:43:24 GMT https://www.mbkcpa.com/deduct-your-charitable-donations-for-2021-with-the-standard-deduction tax,Taxation thumbnail main image https://www.mbkcpa.com/a-sharper-image-scanning-documents-with-your-phone-or-tablet If you work with a tax preparer, you’ll need to submit your original tax documents, whether you choose to share the physical originals or scanned copies. If the best choice for you is to submit your documents online, make sure that the scanned files you provide are completely legible. If you do not have access to a scanner and must use your phone or tablet to submit the documents, there are scanning tools available for both iPhone and Android devices. These scanning settings will help enhance your camera for up-close document scanning and lower the likelihood you end up with a blurry image. Tue, 25 Jan 2022 20:48:41 GMT https://www.mbkcpa.com/a-sharper-image-scanning-documents-with-your-phone-or-tablet tax,Taxation thumbnail main image https://www.mbkcpa.com/get-ready-to-file-2021-taxes It’s that time again already, time to file your taxes and close out 2021! Over the past two years we have all witnessed rapid changes to how we do business and live. Tax season has been no different and has seen many changes to tax law and deadlines. New changes to tax law for 2021 individual filing are not as hefty as in prior years, but there are still some changes that may make a difference on your return. Tue, 25 Jan 2022 17:18:59 GMT https://www.mbkcpa.com/get-ready-to-file-2021-taxes tax,Taxation,irs thumbnail main image https://www.mbkcpa.com/the-child-tax-credit-advance-and-what-it-means-for-your-2021-tax-return Since July 2021, many parents across the U.S. have been receiving monthly payments as high as $300 per child from the IRS. These payments were created in the American Rescue Plan passed in early 2021 designed to provide economic relief to low- and moderate-income taxpayers. For now, the changes made to the Child Tax Credit only apply to the 2021 tax year, although it remains to be seen if these changes will be applied to future tax years. Thu, 20 Jan 2022 20:56:01 GMT https://www.mbkcpa.com/the-child-tax-credit-advance-and-what-it-means-for-your-2021-tax-return tax,Taxation thumbnail main image https://www.mbkcpa.com/dont-let-fraud-prevention-slide The ongoing pandemic has strained many nonprofits, forcing them to cut corners to survive. But fraud prevention is one critical area nonprofits can’t afford to overlook, even just for the short term. If anything, antifraud measures are more important than ever. This article reviews some key findings from the Association of Certified Fraud Examiners’ study, Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse. It highlights four steps nonprofits can take to combat fraud in their organizations. A short sidebar reviews some of the stats found in the report. Wed, 19 Jan 2022 16:02:05 GMT https://www.mbkcpa.com/dont-let-fraud-prevention-slide Non-Profit thumbnail main image https://www.mbkcpa.com/4-best-practices-for-successful-virtual-events Virtual events were supposed to be a short-term replacement for traditional fundraisers. But, almost two years after the first COVID-19 lockdowns, plenty of nonprofits still rely on them. The good news is that some overall best practices have emerged from the pandemic. This article provides four ways nonprofits can make the most of their next virtual event. Mon, 17 Jan 2022 20:28:27 GMT https://www.mbkcpa.com/4-best-practices-for-successful-virtual-events Non-Profit thumbnail main image https://www.mbkcpa.com/does-it-make-sense-to-outsource-your-payroll Ensuring employees are paid on time and for the right amounts, while also complying with the myriad regulations that govern wages and employment taxes, is critical to any business. It’s also often time-consuming and complicated. Along with the many regulations that govern paying employees, you need to safeguard all employees’ confidential information. This article suggests that to make sure all the bases are covered, businesses might consider hiring a payroll service provider to capably take on these responsibilities. Mon, 17 Jan 2022 20:28:24 GMT https://www.mbkcpa.com/does-it-make-sense-to-outsource-your-payroll Family & Independent,Business thumbnail main image https://www.mbkcpa.com/avoiding-a-tax-hit-with-a-section-1031-exchange A Section 1031 exchange (also known as a like-kind exchange) allows commercial or investment real estate owners to avoid capital gains tax when selling the property by swapping qualifying properties. This article notes that recent legislation has cracked down on Sec. 1031 exchanges, but currently it’s still possible to use this technique for qualified real estate transactions. A sidebar explains multiple-party transactions. Mon, 17 Jan 2022 20:28:20 GMT https://www.mbkcpa.com/avoiding-a-tax-hit-with-a-section-1031-exchange tax,Taxation,irs,Business thumbnail main image https://www.mbkcpa.com/save-more-on-your-return-with-the-student-loan-interest-deduction The student loan interest deduction is available to taxpayers who have student loans for higher education expenses. This deduction allows borrowers to deduct up to $2,500 in student loan interest payments from their adjusted gross income, helping to reduce tax liability for the year. As an “above-the-line” deduction, tax filers do not need to itemize to claim this deduction. Mon, 10 Jan 2022 21:21:23 GMT https://www.mbkcpa.com/save-more-on-your-return-with-the-student-loan-interest-deduction tax,Taxation,irs thumbnail main image https://www.mbkcpa.com/understanding-section-179-how-this-tax-deduction-might-reduce-your-tax-burden-in-2021 For business owners, Section 179 is one of the most important tax incentives to be familiar with, as it offers some of the most generous breaks to small- and medium-sized businesses and allows significant investment in growth when applied well to equipment purchasing choices. Over the past couple of years, it has been revisited and expanded upon multiple times through stimulus and tax updates passed by the federal government. Mon, 10 Jan 2022 21:21:21 GMT https://www.mbkcpa.com/understanding-section-179-how-this-tax-deduction-might-reduce-your-tax-burden-in-2021 tax,Taxation,irs,Business thumbnail main image https://www.mbkcpa.com/tax-savings-for-students-american-opportunity-tax-credit-and-lifetime-learning-credit For students in higher education, or households with students as dependents, there are two tax credits which can help reduce what your family owes for the 2021 tax year. While the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC) each share much in common, they also each have their own qualifications for who may apply them to their tax return, and how. Both credits have an income phase-out although the limits differ. Mon, 10 Jan 2022 21:21:19 GMT https://www.mbkcpa.com/tax-savings-for-students-american-opportunity-tax-credit-and-lifetime-learning-credit tax,Taxation,irs thumbnail main image https://www.mbkcpa.com/love-honor-and-pay-taxes The marriage penalty isn’t a specific provision in the Internal Revenue Code. But in certain circumstances, a married couple can end up paying more tax collectively than they would owe if they were each taxed as single filers. This article takes a look at how it works and how recent tax legislation has helped alleviate the penalty. Mon, 10 Jan 2022 17:29:22 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/love-honor-and-pay-taxes 2022,Taxation thumbnail main image https://www.mbkcpa.com/filling-santa-s-sleigh-with-square-one This holiday season, the staff at MBK had another fun year loading up Santa’s sleigh for the children at Square One! Together, the staff collected about 50 toys to share with our friends at Square One who will help Santa deliver to the many children who participate in their programs for children and families. Tue, 21 Dec 2021 21:22:30 GMT https://www.mbkcpa.com/filling-santa-s-sleigh-with-square-one Non-Profit thumbnail main image https://www.mbkcpa.com/holiday-party-and-tax-planning Many companies took their holiday parties virtual in 2020. Will we see the return of the in-person office party in 2021? Most likely, this year will see some variations of both. No matter how you choose to celebrate and show appreciation to your staff, these events are typically 100% tax deductible for the employer. Tue, 21 Dec 2021 21:22:28 GMT https://www.mbkcpa.com/holiday-party-and-tax-planning tax,Taxation,Business thumbnail main image https://www.mbkcpa.com/who-is-my-dependent According to the United States Census Bureau, 58% of adults ages 18 to 24 lived with their parents in 2021. With the continued increase in young adults remaining in their parental homes over the past two years, you may be wondering which members of your household qualify as dependents this tax year. Mon, 20 Dec 2021 21:04:03 GMT https://www.mbkcpa.com/who-is-my-dependent 2022,tax,irs,Taxation thumbnail main image https://www.mbkcpa.com/independent-contractor-or-employee-are-you-classifying-your-workers-correctly Even prior to the pandemic, the “gig economy” was growing at unprecedented rates. That growth has only been accelerated with more traditional companies relying on remote workers and hiring more contractor workers. Freelancing is a big business with nearly $1 trillion of income generated. Although that total number is impressive, independent contractors earn 58% less than full time employees (FTEs) and more than half don’t have any employer-provided benefits. Tue, 14 Dec 2021 19:07:22 GMT https://www.mbkcpa.com/independent-contractor-or-employee-are-you-classifying-your-workers-correctly 2022,tax,Taxation,irs,Business thumbnail main image https://www.mbkcpa.com/four-tips-to-know-what-you-owe-for-cryptocurrency-transactions If you are considering incorporating cryptocurrency into your financial strategy, make sure you understand the tax liability associated with cryptocurrency transactions and keep meticulous records to avoid costly errors in your federal tax return. Mon, 13 Dec 2021 18:32:45 GMT https://www.mbkcpa.com/four-tips-to-know-what-you-owe-for-cryptocurrency-transactions 2022,tax,Cryptocurrency,Taxation thumbnail main image https://www.mbkcpa.com/2021-year-end-tax-planning This is the time to assess your tax outlook for 2021. By developing a comprehensive year-end plan, you can maximize the tax breaks currently on the books and avoid potential pitfalls. Wed, 08 Dec 2021 16:16:03 GMT https://www.mbkcpa.com/2021-year-end-tax-planning 2022,tax,Taxation,Business thumbnail main image https://www.mbkcpa.com/it-could-be-a-win-win-boost-morale-save-taxes-with-achievement-awards Many small businesses have been struggling with morale during the COVID-19 pandemic. They might be able to boost their employees’ spirits with a relatively low-cost fringe benefit: an achievement awards program. This article discusses the tax implications of such a program and the importance of determining whether it is nonqualified or qualified. Wed, 08 Dec 2021 16:16:00 GMT https://www.mbkcpa.com/it-could-be-a-win-win-boost-morale-save-taxes-with-achievement-awards 2022,tax,Taxation,Business thumbnail main image https://www.mbkcpa.com/see-you-at-the-office-reassessing-your-nonprofits-office-space Where a nonprofit is located and how it uses the space it has can mean the difference between striding or just limping along. That fact was highlighted for many nonprofit leaders during the COVID-19 pandemic, when lease or mortgage payments became a financial strain, and dust accumulated on the desks of employees working remotely. Even with the economy bouncing back, nonprofits might be overpaying for the property they’re leasing, or they might be able to afford better space in other areas of the country. This article discusses why now is the time to consider flexible/coworking office space, moving into a smaller space or opting for a shorter lease term. Wed, 08 Dec 2021 16:15:59 GMT https://www.mbkcpa.com/see-you-at-the-office-reassessing-your-nonprofits-office-space Non-Profit thumbnail main image https://www.mbkcpa.com/giving-is-important-but-how-you-give-can-improve-your-impact During this season of giving, don’t forget about your local not-for-profit agencies. These organizations face many challenges, including using limited resources to help the increased number of individuals looking for assistance as we continue to navigate through the COVID-19 pandemic. There are some ways we, as individual donors, can ease those challenges. Thu, 02 Dec 2021 14:01:48 GMT https://www.mbkcpa.com/giving-is-important-but-how-you-give-can-improve-your-impact Non-Profit,Taxation,Business thumbnail main image https://www.mbkcpa.com/irs-releases-three-revenue-procedures-for-tax-effects-of-forgiven-ppp-loans The IRS has released three revenue procedures addressing the tax effects when a Paycheck Protection Program (PPP) loan is forgiven. Tue, 30 Nov 2021 14:42:37 GMT https://www.mbkcpa.com/irs-releases-three-revenue-procedures-for-tax-effects-of-forgiven-ppp-loans Covid-19,Taxation,Business thumbnail main image https://www.mbkcpa.com/giving-back-on-giving-tuesday This Giving Tuesday, we’d like to encourage everyone in our community to reach out a helping hand to a not-for-profit organization whose mission means something to you in whatever way you can. Tue, 30 Nov 2021 14:06:13 GMT https://www.mbkcpa.com/giving-back-on-giving-tuesday Non-Profit,community,News & Events thumbnail main image https://www.mbkcpa.com/happy-thanksgiving During this season of gratitude, we have been reflecting on the things that we are most grateful for. Tue, 23 Nov 2021 19:57:15 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/happy-thanksgiving News & Events thumbnail main image https://www.mbkcpa.com/thanksgiving-is-served-at-the-gray-house-for-families-in-need MBK Certified Public Accountants in Western MA donate Thanksgiving food items to The Gray House! Fri, 19 Nov 2021 19:57:40 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/thanksgiving-is-served-at-the-gray-house-for-families-in-need Non-Profit,community,News & Events thumbnail main image https://www.mbkcpa.com/president-signs-infrastructure-investment-and-jobs-act On 11/15/21, President Biden signed an expansive $1.2 trillion infrastructure bill, the Infrastructure Investment and Jobs Act (HR 3684), that will provide investments in US transportation networks, public works projects, and broadband. The bill is expected to create 1.5 million jobs every year for the next 10 years. Fri, 19 Nov 2021 18:33:45 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/president-signs-infrastructure-investment-and-jobs-act Taxation,News & Events,Business thumbnail main image https://www.mbkcpa.com/celebrating-national-entrepreneurs-day With the right support, entrepreneurs have an opportunity to thrive within the Massachusetts economy, and although not every application will result in a long-lasting business venture, those that succeed will be those that have quality support and expertise on all sides. Tue, 16 Nov 2021 15:34:00 GMT https://www.mbkcpa.com/celebrating-national-entrepreneurs-day Assurance,Business thumbnail main image https://www.mbkcpa.com/selling-your-home-understand-the-home-sale-exemption Sky-high demand for homes, driven in large part by rock-bottom interest rates, has created a seller’s market. Those thinking about selling their homes will want to determine whether they qualify for the home sale exemption. This article details the exemption’s requirements. Fri, 12 Nov 2021 16:51:32 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/selling-your-home-understand-the-home-sale-exemption Taxation thumbnail main image https://www.mbkcpa.com/is-your-business-classifying-workers-properly The “gig economy” has affected nearly every industry and profession. From a business’s perspective, there are tax and other advantages of classifying workers as independent contractors rather than employees. But it’s important to remember that workers aren’t independent contractors simply because a company says they are. This article examines how a worker’s status is determined and explains the tax advantages of both classifications. A sidebar discusses the need for companies to consider all applicable standards, both federal and state, as part of the classification process. Fri, 12 Nov 2021 16:51:30 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/is-your-business-classifying-workers-properly Taxation,Business thumbnail main image https://www.mbkcpa.com/every-little-bit-counts-mbk-teams-up-with-pioneer-valley-habitat-for-humanity MBK volunteered for Habitat for Humanity to help frame a new house being built in Holyoke, MA. Mon, 25 Oct 2021 15:44:40 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/every-little-bit-counts-mbk-teams-up-with-pioneer-valley-habitat-for-humanity Non-Profit,community,News & Events thumbnail main image https://www.mbkcpa.com/crafting-regulatory-success-in-your-brewery-make-sure-your-brewery-records-are-pitcher-perfect Running a brewery is a complex operation, with regulations and inspections from various regulators, the compliance requirements can be a challenge to maintain on top of the regular operation of production, shipping, and customer service needs. We’ll cover some of the most common errors and how to avoid them below so you can ensure that an audit of your brewery is as painless as possible. Mon, 25 Oct 2021 15:44:36 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/crafting-regulatory-success-in-your-brewery-make-sure-your-brewery-records-are-pitcher-perfect Brewery,Business thumbnail main image https://www.mbkcpa.com/three-ways-you-should-be-preparing-for-tax-season-as-a-gig-worker-gig-workers-three-tips-to-be-prepared-for-tax-filings Over the past several years many have joined the growing population of self-employed, contractors, and gig workers. If you have recently created an alternative revenue stream for yourself, make sure that you are preparing yourself for a smooth and worry-free tax season before it hits. Tue, 19 Oct 2021 13:47:17 GMT https://www.mbkcpa.com/three-ways-you-should-be-preparing-for-tax-season-as-a-gig-worker-gig-workers-three-tips-to-be-prepared-for-tax-filings thumbnail main image https://www.mbkcpa.com/companies-in-western-mass-who-listen-to-what-matters-to-employees-can-shine-during-the-complicated-time-of-the-great-resignation Coined “The Great Resignation” by Anthony Klotz, a professor at Texas A&M, people are leaving their jobs at record-breaking rates as the pandemic is waning. This is only expected to be amplified as 2021 comes to an end and people traditionally reflect on what they want in life. Employees are demanding more from their current and potential employers. Companies should be very careful to pay attention to the change in dynamics if they want to retain or attract new talent to their workforces. Mon, 18 Oct 2021 20:34:50 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/companies-in-western-mass-who-listen-to-what-matters-to-employees-can-shine-during-the-complicated-time-of-the-great-resignation Recruiting,Business thumbnail main image https://www.mbkcpa.com/need-volunteers-charity-navigator-offers-a-new-solution The nonprofit evaluation website Charity Navigator has partnered with Golden, a volunteer management software company, to give site visitors a way to locate volunteer opportunities in their communities. Mon, 18 Oct 2021 20:14:19 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/need-volunteers-charity-navigator-offers-a-new-solution Non-Profit thumbnail main image https://www.mbkcpa.com/how-tax-affecting-can-benefit-estates-with-pass-through-entities For those with larger estates, asset valuation should be an important aspect of their estate plans. This is especially true if a closely held business is part of the estate. The valuation of the business for gift and estate tax purposes is critical to determining how much of the estate goes to one’s family and how much goes to the government. This article defines the term “tax-affecting” and describes how a tax-affecting strategy can reduce a pass-through entity’s value. Mon, 18 Oct 2021 20:11:51 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/how-tax-affecting-can-benefit-estates-with-pass-through-entities Taxation,Business thumbnail main image https://www.mbkcpa.com/6-tax-planning-ideas-for-the-end-of-the-year As usual, year-end tax planning is complicated by uncertainty as Congress debates new tax-related legislation. In the face of this uncertainty, this article offers some year-end tax-planning strategies for business owners to consider, including harvesting capital gains or losses and stepping up charitable giving. A sidebar discusses the importance of clarifying the difference between repairs and improvements for tax purposes. Tue, 05 Oct 2021 15:05:57 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/6-tax-planning-ideas-for-the-end-of-the-year Taxation,Business thumbnail main image https://www.mbkcpa.com/irs-guidance-on-the-100-business-meal-deduction Generally, otherwise allowable business meal expenses are only 50% deductible. But legislation passed in 2020 temporarily lifted the 50% limitation. Now, businesses can deduct 100% of the cost of food or beverages “provided by a restaurant” in 2021 and 2022. In Notice 2021-25, the IRS provided some guidance on when the 100% deduction is available. Tue, 05 Oct 2021 14:50:39 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/irs-guidance-on-the-100-business-meal-deduction Taxation,Business thumbnail main image https://www.mbkcpa.com/potential-financial-impacts-of-the-vaccine-and-testing-mandate-to-employers Potential Impacts of the Vaccine and Testing Mandate to Employers in Massachusetts. The impact on businesses in Western Mass and everywhere is substantial. If you have questions about how to plan for the financial impact of this mandate, contact our office. Mon, 20 Sep 2021 15:53:49 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/potential-financial-impacts-of-the-vaccine-and-testing-mandate-to-employers Covid-19,Business thumbnail main image https://www.mbkcpa.com/prf-reporting-relief-60-day-grace-period-announced In response to the recent COVID surges and natural disasters occurring in the U.S., a 60-day grace period has been put into place to allow providers who received Provider Relief Funds (PRF) ample time to come within compliance. Wed, 15 Sep 2021 21:15:56 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/prf-reporting-relief-60-day-grace-period-announced Healthcare thumbnail main image https://www.mbkcpa.com/pros-and-cons-of-non-qualified-deferred-compensation-plans A 401(k) plan is a common fringe benefit for rank-and-file employees. However, an employer might want to supplement a 401(k) with other retirement benefits for specific prized employees. This article points out that in such cases, a nonqualified deferred compensation (NQDC) plan may be a viable option. Mon, 13 Sep 2021 15:40:27 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/pros-and-cons-of-non-qualified-deferred-compensation-plans Employee Benefit Plan Audit,Taxation,Business thumbnail main image https://www.mbkcpa.com/complete-your-estate-plan-by-adding-a-power-of-attorney The main objectives of a person’s estate plan likely revolve around family, both current and future generations. A person’s goals may include reducing estate tax liability so that more wealth can be passed to loved ones. But it’s also critical to consider oneself in case of incapacity. This article examines the benefits of including a power of attorney in an estate plan. Mon, 30 Aug 2021 17:45:39 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/complete-your-estate-plan-by-adding-a-power-of-attorney Taxation thumbnail main image https://www.mbkcpa.com/donna-roundy-honored-in-the-mscpa-s-2021-women-to-watch The MSCPA, in partnership with the AICPA’s Women’s Initiatives Executive Committee, recently announced seven recipients of the 2021 Women to Watch Awards. MBK is proud to have a winner in the experienced category, Donna Roundy. Mon, 23 Aug 2021 18:37:27 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/donna-roundy-honored-in-the-mscpa-s-2021-women-to-watch News & Events thumbnail main image https://www.mbkcpa.com/educate-yourself-back-to-school-tax-breaks-in-2021 Families may be eligible for a wide range of tax benefits this year, including several enhanced by recent federal tax legislation. This article by Meyers Brothers Kalicka CPA's in Holyoke, MA, provides a roundup of several key tax breaks taxpayers may want to take advantage of, including the American Opportunity tax credit and the Lifetime Learning credit. Mon, 23 Aug 2021 17:55:31 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/educate-yourself-back-to-school-tax-breaks-in-2021 Taxation thumbnail main image https://www.mbkcpa.com/mbk-works-to-stuff-the-bus-with-united-way The United Way of Pioneer Valley works annually with local partners to collect donations to provide backpacks and school supplies to students who are homeless in our region. he team at MBK donated 5 boxes filled with school supplies including folders, notebooks, crayons, glue sticks, pencils, pens, erasers, pencil sharpeners, rulers, pencil boxes and cases, 3 ring binders, loose leaf paper, composition books, highlighters, index cards and post-it-notes. Team MBK is grateful to give back to the community and wishes all of the students a wonderful school year. Mon, 23 Aug 2021 17:45:45 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/mbk-works-to-stuff-the-bus-with-united-way Non-Profit,community,News & Events thumbnail main image https://www.mbkcpa.com/how-to-choose-a-trustee-you-can-trust When establishing a trust, it’s important to consider the issue of naming a trustee. A friend or family member may be completely trustworthy and still not be the right person for the job. Because of the legal implications, it could be best to name a financial institution rather than a person. This article looks at the many considerations involved in naming a trustee. Mon, 23 Aug 2021 17:21:08 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/how-to-choose-a-trustee-you-can-trust Management Advisory,Taxation thumbnail main image https://www.mbkcpa.com/update-on-provider-relief-funds While the COVID-19 relief provisions, as part of the CARES Act, provided a lifeline for many medical, dental, and other healthcare-related practices during the pandemic, that support was not without certain compliance requirements and reporting, which we will dive into within this article. Tue, 17 Aug 2021 12:47:46 GMT https://www.mbkcpa.com/update-on-provider-relief-funds Covid-19,Healthcare,Taxation thumbnail main image https://www.mbkcpa.com/section-179---bonus-depreciation-a-one-two-punch Recent tax law improvements may allow small business owners to write off all or most of the cost of qualified business property placed in service during the year. This article explains that businesses also might qualify for 100% first-year bonus depreciation on qualified property. Sat, 07 Aug 2021 13:22:01 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/section-179---bonus-depreciation-a-one-two-punch Taxation,Business thumbnail main image https://www.mbkcpa.com/tainted-donor-tainted-money In 2019, as waves of lawsuits accused Purdue Pharma of knowingly contributing to the opioid crisis, numerous nonprofits announced they would no longer accept gifts from the Sackler family, several members of which owned the company. Situations like this put nonprofits in a tough position. They may desperately need funds, but accepting such gifts may result in negative attention. This article examines what nonprofits should do if a donation turns out to be “tainted.” A brief sidebar discusses due diligence on those offering substantial donations. Fri, 06 Aug 2021 12:49:09 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/tainted-donor-tainted-money Non-Profit thumbnail main image https://www.mbkcpa.com/mbk-assists-in-building-greenhouses-with-the-food-bank-of-western-massachusetts On Saturday, July 24th, Team Leader, Chelsea R., accompanied by Chris, Ian, Mia, Mallory, Moira, and Basile joined Sunnier Days Construction to assist with a Greenhouse Build for the Food Bank of Western Massachusetts. Wed, 04 Aug 2021 18:54:32 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/mbk-assists-in-building-greenhouses-with-the-food-bank-of-western-massachusetts Non-Profit,community,News & Events thumbnail main image https://www.mbkcpa.com/meyers-brothers-kalicka-p-c-will-close-its-offices-on-monday-august-2-2021-in-honor-of-its-former-managing-partner-james-barrett Jim Barrett was a great leader, mentor, friend, and brother to the entire MBK Team. We will all miss Jim greatly and we will work to honor his memory for years to come. Mon, 26 Jul 2021 17:06:09 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/meyers-brothers-kalicka-p-c-will-close-its-offices-on-monday-august-2-2021-in-honor-of-its-former-managing-partner-james-barrett News & Events thumbnail main image https://www.mbkcpa.com/the-cannabis-industry-is-lighting-up-western-mass The production and distribution of cannabis, once known to many only as marijuana, is the newest and most variegated industry in America. Some would even say it is one of the toughest industries in America in which to do business. While the many layers of regulatory control and reporting may be of upmost importance to those operating in the cannabis industry, overlooking the complexities in the finance area of the business can lead to the “perfect storm “or the business going up in smoke. This article will discuss a few unique challenges from a financial perspective faced by the industry. Fri, 23 Jul 2021 19:22:34 GMT https://www.mbkcpa.com/the-cannabis-industry-is-lighting-up-western-mass Cannabis,Business thumbnail main image https://www.mbkcpa.com/keep-a-close-eye-on-restricted-contributions Nonprofits are expected to act as good stewards of all contributions. But restricted contributions, as the name implies, impose a higher level of responsibility. This short article discusses why nonprofits need to track these donations and how to track them. Mon, 12 Jul 2021 20:17:18 GMT https://www.mbkcpa.com/keep-a-close-eye-on-restricted-contributions Non-Profit thumbnail main image https://www.mbkcpa.com/urgent-the-ppp-loan-forgiveness-deadline-is-quickly-approaching You should evaluate whether your PPP loan forgiveness application is due soon and apply on time to avoid any unnecessary costs regarding your PPP loan. If you have any questions or need assistance with your PPP loan forgiveness application, contact MBK in Holyoke, MA. Tue, 06 Jul 2021 17:31:36 GMT https://www.mbkcpa.com/urgent-the-ppp-loan-forgiveness-deadline-is-quickly-approaching Covid-19 thumbnail main image https://www.mbkcpa.com/employee-retention-credit-a-reminder Reminder to Clients and Friends about the Employee Retention Credit (ERC). If you have any questions or would like to find out if your Company qualifies for the ERC in Q2 or retroactively to March 2020, contact Meyers Brothers Kalicka Certified Public Accountants in Holyoke, MA. Wed, 30 Jun 2021 20:16:18 GMT https://www.mbkcpa.com/employee-retention-credit-a-reminder Taxation,Business thumbnail main image https://www.mbkcpa.com/important-changes-to-the-child-tax-credit Child Tax Credit. With any tax law change, it’s important to revisit your full financial roadmap. Meyers Brothers Kalicka, P.C. can help you determine how much credit you may be entitled to and whether advance payments are appropriate. How you choose to receive the credit (partially advanced via monthly payments or solely on your next year’s return) could have many impacts to your financial plans. Wed, 23 Jun 2021 14:10:04 GMT https://www.mbkcpa.com/important-changes-to-the-child-tax-credit Taxation thumbnail main image https://www.mbkcpa.com/recipients-of-covid-relief-could-run-into-surprise-audits The Paycheck Protection Program (PPP), which has offered 100% forgivable loans to eligible organizations, has provided critical support during the pandemic. But Accounting Today warns that nonprofit borrowers could unexpectedly find themselves undergoing “single audits” of their compliance with the federal program’s requirements. Learn more. Mon, 21 Jun 2021 17:59:19 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/recipients-of-covid-relief-could-run-into-surprise-audits Assurance thumbnail main image https://www.mbkcpa.com/what-new-scam-is-this Scams and frauds are nothing new. But individuals need to be aware of how scams change over time. This article lists some of the latest fraud scheme, including tech scams, IRS impersonators and mortgage closing scams. It notes that individuals who suspect they’re being victimized should consult an accounting professional for help. Mon, 21 Jun 2021 17:46:39 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/what-new-scam-is-this Business thumbnail main image https://www.mbkcpa.com/selling-online-you-may-owe-sales-tax-in-other-states The shutdown of stores and malls during Covid-19 fueled the already prospering world of internet shopping. Many businesses were forced into direct-to-consumer marketing on their own web pages or using e-commerce online marketplace companies such as Wayfair, Amazon and Etsy, just to name a few. So why is this important to you? You might have a significant tax exposure you’re not even aware of. Mon, 14 Jun 2021 17:56:19 GMT https://www.mbkcpa.com/selling-online-you-may-owe-sales-tax-in-other-states Taxation thumbnail main image https://www.mbkcpa.com/strategies-for-minimizing-rmds The CARES Act suspended required minimum distributions (RMDs) from IRAs and qualified retirement plans in 2020. No such relief was provided for 2021, however, so if you’ve already started taking RMDs or if you’ll turn 72 by December 31, 2021, you’ll need to take an RMD this year (or by April 1, 2022, if it’s your first RMD) and pay tax on it. Now’s a good time, therefore, to consider strategies for reducing or eliminating RMDs. Mon, 14 Jun 2021 17:34:25 GMT https://www.mbkcpa.com/strategies-for-minimizing-rmds Taxation thumbnail main image https://www.mbkcpa.com/parents-reap-tax-benefits-this-year The American Rescue Plan Act (ARPA) offers some significant tax benefits for parents in 2021, including temporary increases in the child tax credit (CTC) and the child and dependent care credit (CDCC) for eligible families. It also allows parents to claim the credit for 17-year-olds (previously the cut-off age was 16). This article explains how the ARPA affects the CTC and CDCC. A brief sidebar explains that for 2021 only, advance CDC payments will be made directly to eligible families. Mon, 07 Jun 2021 18:50:41 GMT https://www.mbkcpa.com/parents-reap-tax-benefits-this-year Taxation thumbnail main image https://www.mbkcpa.com/be-creative-to-improve-profits-over-the-long-haul In a volatile economy, businesses that fail to think strategically and creatively may be at a competitive disadvantage. This article points out that management needs to assess the business environment as well as the company’s strengths and weaknesses. It also discusses how some sales and cost strategies can help a business stay financially solvent. Wed, 02 Jun 2021 13:30:47 GMT https://www.mbkcpa.com/be-creative-to-improve-profits-over-the-long-haul Business thumbnail main image https://www.mbkcpa.com/congrats-to-jim-barrett-partner-emeritus Today is both happy and bittersweet as we, all the members of Meyers Brothers Kalicka, P.C., say good luck (but not goodbye) to our good friend and valued former Managing partner, Jim Barrett. After nearly 20 years of exemplary service to MBK, Jim will enjoy the retirement that he so deserves. Tue, 01 Jun 2021 20:46:20 GMT https://www.mbkcpa.com/congrats-to-jim-barrett-partner-emeritus thumbnail main image https://www.mbkcpa.com/bon-a-pet-treat-mbk-delivers-supplies-to-dakin-and-tj-o-connor MBK donates pet supplies and treats to Dakin Humane Society and TJ O'Connors. Fri, 28 May 2021 16:40:39 GMT https://www.mbkcpa.com/bon-a-pet-treat-mbk-delivers-supplies-to-dakin-and-tj-o-connor community,News & Events thumbnail main image https://www.mbkcpa.com/7-red-flags-for-irs-audits Recently, the overall IRS audit rate fell to a historical low of .4%. However, it’s as important as ever for people to toe the line so they don’t wind up as one of the “chosen few.” This article discusses some of the warning signs that might trigger scrutiny from the IRS. Mon, 24 May 2021 17:58:44 GMT https://www.mbkcpa.com/7-red-flags-for-irs-audits irs,Taxation thumbnail main image https://www.mbkcpa.com/should-you-buy-or-lease-your-business-vehicle Should you buy or lease your business vehicle? Should you buy or lease your business vehicle?” is entirely based on your individual circumstance. With all the relevant factors in mind, the overall cost of the vehicle in the long term net of tax benefits can be maximized. Learn more about buying or leasing your company vehicle and contact MBK in Holyoke, MA for more information. Mon, 24 May 2021 14:44:00 GMT https://www.mbkcpa.com/should-you-buy-or-lease-your-business-vehicle Business thumbnail main image https://www.mbkcpa.com/how-to-secure-a-business-bad-debt-deduction Highlights how businesses may be able to secure bad debt deductions. This tax treatment isn’t automatic. A business must be able to show that the debt in question is worthless. The article explains the ins and outs of claiming a business bad debt for 2021. Mon, 03 May 2021 17:01:58 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/how-to-secure-a-business-bad-debt-deduction Taxation,Business thumbnail main image https://www.mbkcpa.com/the-massachusetts-department-of-unemployment-assistance-increases-rate-nearly-1600 One of the hottest topics in the State today is the Solvency Assessment and the impact it is having on businesses. The Massachusetts Department of Unemployment Assistance has set the rate at 9.23%, which is approximately a 1600% increase from the previous year’s rates. The uniform solvency assessment is designed to cover the cost of benefit payments not directly chargeable to individual employers. Mon, 26 Apr 2021 16:59:25 GMT https://www.mbkcpa.com/the-massachusetts-department-of-unemployment-assistance-increases-rate-nearly-1600 Business thumbnail main image https://www.mbkcpa.com/rising-from-the-rubble-a-year-of-growth Over the past year, businesses have endured hardships that have proved to be anything but ordinary. The COVID-19 pandemic has brought on unexpected challenges and led to difficult decisions and constant setbacks that made growth seem nearly impossible for businesses. With the new year being in full swing, there is hope businesses will return to normal operation and growth. Fri, 23 Apr 2021 19:05:58 GMT https://www.mbkcpa.com/rising-from-the-rubble-a-year-of-growth Covid-19,Business thumbnail main image https://www.mbkcpa.com/size-counts-your-midsize-or-large-organization-might-benefit-from-a-cfo A nonprofit leader might think, at times, that having a financial expert run that side of the operation could be a plus. This might be true, but hiring a CFO is a weighty decision that can have a large impact on the organization. This article examines CFO duties, considers the organization’s size, discusses candidate review and offers the alternative of outsourcing. Fri, 23 Apr 2021 16:29:42 GMT https://www.mbkcpa.com/size-counts-your-midsize-or-large-organization-might-benefit-from-a-cfo Non-Profit thumbnail main image https://www.mbkcpa.com/a-year-of-covid-philanthropy-what-it-tells-us-going-forward The COVID-19 pandemic created an unprecedented need for funding — and grant makers and donors stepped up. In 2020, corporations, foundations, public charities and high-net-worth individuals awarded more than $20 billion to address the social, health and economic effects of COVID-19 globally. That’s just one of the findings in a new report covered in this article. A sidebar spotlights the popularity of recurring giving programs during the crisis. Fri, 16 Apr 2021 16:37:41 GMT https://www.mbkcpa.com/a-year-of-covid-philanthropy-what-it-tells-us-going-forward Non-Profit,Covid-19 thumbnail main image https://www.mbkcpa.com/mbk-knocks-it-out-of-the-park-for-the-jimmy-fund Celebrating 10 years of support, MBK participated in the 2021 Rally Against Cancer and went up to bat for the ultimate home run: a world without cancer! The team at MBK was led by Team Leader, Denise Houle. Together, they exceeded their goal by raising $3,050 for this year’s donation. To date, Meyers Brothers Kalicka has donated over $14,000 for the Jimmy Fund and Dana Farber Cancer Institute. Fri, 16 Apr 2021 16:18:40 GMT https://www.mbkcpa.com/mbk-knocks-it-out-of-the-park-for-the-jimmy-fund community,News & Events thumbnail main image https://www.mbkcpa.com/in-your-own-words A smart estate plan should leave no doubt as to one’s intentions. Writing a letter of instruction can go a long way toward clearly communicating all of one’s thoughts and wishes. This article explains that the letter, unlike a valid will, isn’t legally binding, but can be valuable to surviving family members. Fri, 09 Apr 2021 19:07:02 GMT https://www.mbkcpa.com/in-your-own-words Family & Independent thumbnail main image https://www.mbkcpa.com/provider-relief-funds At the start of the COVID pandemic in the early parts of 2020, the concern of business survival was the number one thought of countless business, with each industry having its own struggles. The medical industry was not without its own real concerns at that time, particularly given its role in the pandemic fight. People would continue to get sick, require treatment and see their physicians, but how could it be done safely? Fri, 02 Apr 2021 17:45:31 GMT https://www.mbkcpa.com/provider-relief-funds Covid-19,Healthcare,Taxation thumbnail main image https://www.mbkcpa.com/charitable-deduction-for-non-itemizers-extended-through-2021 Ever since the Tax Cuts and Jobs Act nearly doubled the standard deduction, far fewer taxpayers are itemizing deductions. Generally, taxpayers who don’t itemize are unable to deduct charitable contributions. But last year’s CARES Act provided non-itemizers with an above-the-line deduction (in other words, a deduction from gross income in calculating adjusted gross income) of up to $300 in eligible donations in 2020. Fri, 02 Apr 2021 17:12:13 GMT https://www.mbkcpa.com/charitable-deduction-for-non-itemizers-extended-through-2021 Non-Profit,Covid-19,Taxation thumbnail main image https://www.mbkcpa.com/are-you-eligible-for-energy-efficiency-tax-breaks The Consolidated Appropriations Act (CAA) extended certain tax breaks for energy-efficient buildings that were set to expire at the end of 2020. So, now may be a good time for eligible real estate owners and developers to review the potential benefits. Fri, 02 Apr 2021 16:52:00 GMT https://www.mbkcpa.com/are-you-eligible-for-energy-efficiency-tax-breaks Real Estate,Taxation thumbnail main image https://www.mbkcpa.com/governor-baker-signs-covid-relief-bill Governor Baker signs bill addressing forgiven PPP loans, unemployment income, unemployment insurance rates and more. The much-anticipated COVID-19 relief bill is signed into law. Learn more about the details. Fri, 02 Apr 2021 16:22:43 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/governor-baker-signs-covid-relief-bill thumbnail main image https://www.mbkcpa.com/remote-working-and-tax-law Individuals working in a state other than the businesses home (i.e., their home state different from their business) could potentially create a need for the business to file in that state (nexus). From a business perspective, there have been some guidelines issued for businesses to follow. Thu, 25 Mar 2021 15:20:56 GMT https://www.mbkcpa.com/remote-working-and-tax-law Taxation,Business thumbnail main image https://www.mbkcpa.com/dont-overlook-tax-considerations-when-selling-your-business When the COVID-19 pandemic first hit, economic uncertainty caused many business owners contemplating a sale — as well as many prospective buyers — to put their plans on hold. Now that there’s some light at the end of the pandemic tunnel, interest in buying and selling businesses seems to be picking up. This article explores various tax considerations when selling a business. A sidebar examines potential state tax implications when selling a business. Thu, 25 Mar 2021 15:13:39 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/dont-overlook-tax-considerations-when-selling-your-business Taxation,Business thumbnail main image https://www.mbkcpa.com/out-with-the-old-retention-guidelines-for-tax-documents During the COVID-19 pandemic, most people have spent a lot of time at home, inspiring many to clear out some of the clutter in their living spaces. Those who’ve decided to tackle the boxes, bins or drawers full of paper files that have accumulated over the years may be wondering when it’s safe to dispose of tax records. This article offers guidelines as to when it’s safe to shred tax records. Thu, 25 Mar 2021 15:07:25 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/out-with-the-old-retention-guidelines-for-tax-documents Taxation thumbnail main image https://www.mbkcpa.com/protect-family-assets-with-a-trust Trusts can be a great way to protect family financial security, but each type of trust has its own benefits and drawbacks. This article looks at several types of trusts, including spendthrift trusts and offshore trusts. The article points out that it’s essential to examine the different types of trusts in detail with a financial advisor to ensure that the type of trust established will best protect assets going forward. Mon, 15 Mar 2021 16:36:55 GMT https://www.mbkcpa.com/protect-family-assets-with-a-trust Family & Independent thumbnail main image https://www.mbkcpa.com/president-signs-1-9-trillion-bill-into-law The Act includes a third round of direct economic impact payments to certain individuals, temporary enhancements to certain family-focused tax credits, expanded tax relief for hard-hit businesses, and other provisions designed to provide immediate relief to families and businesses directly impacted by the pandemic. Fri, 12 Mar 2021 21:14:10 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/president-signs-1-9-trillion-bill-into-law Covid-19,Taxation thumbnail main image https://www.mbkcpa.com/1-9-trillion-covid-19-relief-package-expected-to-be-delivered-to-biden-by-march-14th The new bill still contains direct economic impact payments to individuals, temporary enhancements to certain family-focused tax credits, expanded tax relief for hard-hit businesses, and other provisions designed to provide immediate relief to families and businesses directly impacted by the COVID-19 Crisis. It also contains $15 billion in Emergency injury Disaster Loan program and gives severely impacted small businesses with less than 10 workers priority access to funding, $25 billion grant program for bars and restaurants, $7 billion for the Paycheck Protection Program, and another $175 million for a Community Navigator program to help target eligible businesses. Mon, 08 Mar 2021 20:27:13 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/1-9-trillion-covid-19-relief-package-expected-to-be-delivered-to-biden-by-march-14th Covid-19,Taxation thumbnail main image https://www.mbkcpa.com/a-second-marriage-requires-an-estate-plan-review Many people view a second marriage as a fresh start and a new chance at happiness. However, before taking another walk down the aisle, it’s critical to take the time to review and, if necessary, revise one’s estate plan. This article provides answers to three key questions one should consider when getting remarried Fri, 05 Mar 2021 17:52:57 GMT https://www.mbkcpa.com/a-second-marriage-requires-an-estate-plan-review Family & Independent thumbnail main image https://www.mbkcpa.com/nonprofit-newsbytes This issue’s “NEWSBYTES” reports on a recent Charity Navigator acquisition, registered voters’ views of nonprofits’ COVID response and a survey that examined Americans’ trust of nonprofits. Fri, 05 Mar 2021 17:38:28 GMT https://www.mbkcpa.com/nonprofit-newsbytes Non-Profit thumbnail main image https://www.mbkcpa.com/should-you-adjust-pay-rates-for-remote-employees-living-in-lower-cost-locations If a business’s compensation rates are relatively high because of the cost of living in the surrounding area, reducing pay for remote employees who move to lower-cost areas may seem to make business sense. But there are many factors to consider. This article takes a look at the advantages and disadvantages of various approaches and notes the importance of relying on solid compensation data to support the most appropriate compensation approach, given the business’s circumstances. Fri, 05 Mar 2021 17:30:06 GMT https://www.mbkcpa.com/should-you-adjust-pay-rates-for-remote-employees-living-in-lower-cost-locations Business thumbnail main image https://www.mbkcpa.com/the-show-must-go-on-mbk-donates-to-the-opera-house-players Many arts programs, especially community theatres, are trying to find new ways to bring in revenue during these unprecedented times. Led by team leader, Sarah Rose Stack, MBK held an internal raffle for a chance to win some awesome prizes. All together, Meyers Brothers Kalicka Certified Public Accountants in Holyoke, MA raised $370 to donate to the Opera House Players. Congratulations team and congratulations OHP for your ingenuity and resilience. Mon, 01 Mar 2021 21:14:42 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/the-show-must-go-on-mbk-donates-to-the-opera-house-players thumbnail main image https://www.mbkcpa.com/chances-of-qualifying-for-medical-deduction-are-looking-better The Consolidated Appropriations Act extends the lower deduction floor for medical expenses past its scheduled expiration date. Even better, the new law change is permanent, meaning it has no expiration date. This article explains that taxpayers can benefit from this provision until Congress changes the threshold again — so, they might have a better chance of qualifying for a deduction this year, next year or beyond than in the recent past. Fri, 26 Feb 2021 20:03:13 GMT https://www.mbkcpa.com/chances-of-qualifying-for-medical-deduction-are-looking-better Healthcare,tax,Taxation thumbnail main image https://www.mbkcpa.com/prevent-the-ubit-trap-of-corporate-sponsorships Landing a corporate sponsorship is an accomplishment, especially in today’s economy. And if a nonprofit gets lucky, it’ll want to prevent UBIT from cutting into its new income by meeting the requirements for a qualified sponsorship payment exception. This article explains that exception and regulatory terms such as “use,” “acknowledgment” and “substantial return benefit.” Fri, 26 Feb 2021 19:48:44 GMT https://www.mbkcpa.com/prevent-the-ubit-trap-of-corporate-sponsorships Non-Profit,Taxation thumbnail main image https://www.mbkcpa.com/did-your-health-care-practice-receive-provider-relief-funds-you-may-be-subject-to-a-governmental-single-audit If your healthcare practice took advantage of the Provider Relief Fund in any amount, it is highly encouraged that you speak with an advisor as soon as possible to fully understand the compliance requirements. Wed, 24 Feb 2021 18:13:10 GMT https://www.mbkcpa.com/did-your-health-care-practice-receive-provider-relief-funds-you-may-be-subject-to-a-governmental-single-audit Covid-19,Healthcare thumbnail main image https://www.mbkcpa.com/fasb-issues-new-rules-for-reporting-gifts-in-kind More information will be required from nonprofits that use GAAP and receive nonfinancial assistance ― also known as gifts-in-kind ― than in the past as the result of a new FASB rule. ASU No. 2020-07, Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets, is intended to expand the transparency around such gifts. This article highlights key components of the rule. Fri, 19 Feb 2021 18:24:49 GMT https://www.mbkcpa.com/fasb-issues-new-rules-for-reporting-gifts-in-kind Non-Profit,Taxation thumbnail main image https://www.mbkcpa.com/how-to-benefit-from-the-work-opportunity-tax-credit One strategy that may benefit both a business and its workers is to hire employees from specific “target” disadvantaged groups, thus enabling the business to qualify for the Work Opportunity Tax Credit (WOTC). Scheduled to expire after 2020, the WOTC was recently extended for five years, through 2025, by the Consolidated Appropriations Act. This article discusses the different target groups for whom the WOTC is available. Fri, 19 Feb 2021 18:09:41 GMT https://www.mbkcpa.com/how-to-benefit-from-the-work-opportunity-tax-credit Taxation,Business thumbnail main image https://www.mbkcpa.com/mbk-named-best-in-accounting-by-clearlyrated ClearlyRated names Meyers Brothers Kalicka, P.C. "Best of Accounting" Congratulations to Meyers Brothers Kalicka P.C. for earning the 2021 Best of Accounting award for providing remarkable service to their clients! Meyers Brothers Kalicka, P.C. has 32 verified ratings from their clients earning them 4.9 out of 5 stars!" Tue, 16 Feb 2021 19:27:40 GMT https://www.mbkcpa.com/mbk-named-best-in-accounting-by-clearlyrated thumbnail main image https://www.mbkcpa.com/climbing-up-the-mbk-ladder Holyoke, MA — Meyers Brothers Kalicka, P.C. is proud to announce four promotions: Susan Stebbins, CPA to Senior Manager; Lisa White, CPA to Senior Manager; Joseph LeMay, CPA to Manager; and Kara Graves, CPA to Employee Benefit Plan Niche Leader. Fri, 12 Feb 2021 18:49:14 GMT https://www.mbkcpa.com/climbing-up-the-mbk-ladder News & Events thumbnail main image https://www.mbkcpa.com/tax-loss-harvesting-how-it-can-reduce-your-tax-bill Tax loss harvesting is the selling of stocks, ETFs, mutual funds, and other securities at a loss with the goal of reducing taxes on other short and long term capital gains. Fri, 12 Feb 2021 18:14:01 GMT https://www.mbkcpa.com/tax-loss-harvesting-how-it-can-reduce-your-tax-bill Taxation thumbnail main image https://www.mbkcpa.com/budgeting-in-the-shadow-of-covid-19 Budgeting is always, to some degree, an exercise in uncertainty. But the current budgeting environment is unlike any experienced before. As a result of the COVID-19 crisis, many nonprofits have seen deep declines in revenue while the demand for their services has spiked. These and other pandemic-related factors may call for organizations to take a different approach to budgeting. This article discusses rolling budgets and reforecasting. A sidebar reflects on how nonprofits should budget for COVID-19-related expenses, such as sanitation-related services and employee assistance. Fri, 12 Feb 2021 17:51:34 GMT https://www.mbkcpa.com/budgeting-in-the-shadow-of-covid-19 Non-Profit thumbnail main image https://www.mbkcpa.com/businesses-provided-a-lifeline The Consolidated Appropriations Act provides much needed stimulus and tax relief for businesses hard hit by the COVID-19 pandemic. This article examines two of the provisions that business owners likely will be most interested in: the $284 billion in funding for forgivable loans through the Paycheck Protection Program (PPP), for both first-time and so called “second-draw” borrowers, and the extension of the Employee Retention Credit. Fri, 12 Feb 2021 17:42:10 GMT https://www.mbkcpa.com/businesses-provided-a-lifeline Business thumbnail main image https://www.mbkcpa.com/be-vigilant-and-avoid-fraud-traps The only way for individuals to make sure they don’t become victims of fraud is to stay up to date on the continually evolving methods criminals might try to use and learn how to counteract those methods. This article offers some ways people can defend themselves, such as conducting due diligence on charities before donating and learning how to detect phishing emails. Fri, 12 Feb 2021 17:27:08 GMT https://www.mbkcpa.com/be-vigilant-and-avoid-fraud-traps Taxation thumbnail main image https://www.mbkcpa.com/entering-a-partnership-avoid-costly-tax-issues-by-considering-the-section-754-election The COVID-19 pandemic has caused several partnerships local to western Massachusetts to either consider or actually affect a change in ownership. When navigating the complexities of these changes in ownership, partnership basis is a vital component. For tax advisors and taxpayers alike, basis would be better as a four-letter word. However, understanding the basics of cost basis can prevent future headache. Fri, 05 Feb 2021 20:54:02 GMT https://www.mbkcpa.com/entering-a-partnership-avoid-costly-tax-issues-by-considering-the-section-754-election Taxation thumbnail main image https://www.mbkcpa.com/carried-interest-and-capital-gains-reporting Often a start-up venture may look to incentivize compensation for professionals to assist with cash flow. Other businesses affected by COVID may similarly look to reduce base compensation in favor of a bonus structure. One way to accomplish these goals is to grant the service provider a profits interest in the business. Before accepting or implementing such a compensation structure, you should be familiar with recent law changes that may affect you. Fri, 05 Feb 2021 20:24:43 GMT https://www.mbkcpa.com/carried-interest-and-capital-gains-reporting Taxation thumbnail main image https://www.mbkcpa.com/attracting-outside-investors-with-a-good-pitch-deck If you’re trying to bring outside investors into your business, you’ll probably need to prepare a “pitch deck.” This is a digital presentation that provides a succinct, compelling description of your business, its solution and the benefits of the investment opportunity. While each pitch deck should be tailored to the specific company, the goal remains the same: to capture investors’ attention and show them your business is a compelling investment. Fri, 05 Feb 2021 18:59:00 GMT https://www.mbkcpa.com/attracting-outside-investors-with-a-good-pitch-deck thumbnail main image https://www.mbkcpa.com/meyers-brothers-kalicka-p-c-announces-new-dynamic-website-loaded-with-helpful-resources Rooted in a history of excellence and propelled by a fresh mission and vision, Meyers Brothers Kalicka, CPA is proud to announce its new website. Mon, 01 Feb 2021 19:25:55 GMT sstack@mbkcpa.com (Sarah Rose Stack) https://www.mbkcpa.com/meyers-brothers-kalicka-p-c-announces-new-dynamic-website-loaded-with-helpful-resources News & Events,Business thumbnail main image https://www.mbkcpa.com/guidance-on-payroll-tax-deferral The IRS has provided some relief and in March 2020 tax relief was provided by the Coronavirus Aid, Relief and Security Act ("CARES"). This economic stimulus package provided relief for individuals and businesses. One of the items for businesses called for a delayed payment of certain employer payroll taxes. Mon, 01 Feb 2021 15:37:07 GMT https://www.mbkcpa.com/guidance-on-payroll-tax-deferral Covid-19,Taxation thumbnail main image https://www.mbkcpa.com/limitations-on-deducting-business-interest-expenses-163j As taxpayers prepare to close the books on 2020 and file their returns, it is important to consider the limitations on deducting business interest expenses. Mon, 01 Feb 2021 15:31:32 GMT https://www.mbkcpa.com/limitations-on-deducting-business-interest-expenses-163j Taxation thumbnail main image https://www.mbkcpa.com/ways-you-can-still-cut-your-2020-taxes Believe it or not, it’s already the season for filing your 2020 income tax return. So, it’s too late to cut your taxes because the year is over — or is it? Here are some timely strategies that could still make a difference for your tax bill. Mon, 25 Jan 2021 23:55:14 GMT https://www.mbkcpa.com/ways-you-can-still-cut-your-2020-taxes Taxation thumbnail main image https://www.mbkcpa.com/tax-tips-for-making-the-2021-tax-season-easier Here are some steps to take now to help make filing for the 2020 tax season easier. Below is a list of items to gather. These are the most common required forms and items. The list is not all-inclusive as everyone’s tax situation is different. Also included are a few other things for you to consider as you prepare for filing your 2020 tax return. Mon, 25 Jan 2021 23:49:19 GMT https://www.mbkcpa.com/tax-tips-for-making-the-2021-tax-season-easier Taxation thumbnail main image https://www.mbkcpa.com/new-law-gives-retroactive-and-new-opportunities-for-the-employee-retention-credit The Consolidated Appropriations Act, 2021 was signed into law on December 27, 2020 and included a $900 billion package for COVID-19 relief. In addition to economic stimulus for individuals and businesses, the enactment expanded on many provisions under the CARES Act. Mon, 25 Jan 2021 23:31:55 GMT https://www.mbkcpa.com/new-law-gives-retroactive-and-new-opportunities-for-the-employee-retention-credit Taxation thumbnail main image https://www.mbkcpa.com/grow-your-bottom-line-with-gettoknowyourcustomersday Get to Know Your Customers Day is a day that reminds business owners to put customers first. Customer Experience should be at the top of your business priorities in 2021. Why? Because Customer Experience is set to overtake price and product as the key brand differentiator this year. Sat, 23 Jan 2021 22:13:14 GMT https://www.mbkcpa.com/grow-your-bottom-line-with-gettoknowyourcustomersday Business thumbnail main image https://www.mbkcpa.com/mbk-donates-50-coats-to-the-springfield-rescue-mission The goal of the Springfield Rescue Mission since 1892 is to meet the physical and spiritual needs of the hungry, homeless, addicted and poor by introducing them to Christ and helping them apply the Word of God to every area of their lives.” Springfield Rescue Mission. MBK conducted a coat drive within the office. Together, they collected 50 new and gently used coats to be donated to the Springfield Rescue Mission. Mon, 18 Jan 2021 22:16:46 GMT https://www.mbkcpa.com/mbk-donates-50-coats-to-the-springfield-rescue-mission community,News & Events thumbnail main image https://www.mbkcpa.com/tax-planning-in-a-gig-economy In recent years, we have seen a rise in side-hustles and gig work, where individuals take on part-time jobs or project-based work for additional income. Working a side hustle can be an exciting and hopefully profitable venture, however, it can add complexity to your tax return. Take charge of the additional complexity, gather the required documentation, and minimize your tax liability. Mon, 18 Jan 2021 22:10:57 GMT https://www.mbkcpa.com/tax-planning-in-a-gig-economy Taxation thumbnail main image https://www.mbkcpa.com/should-you-elect-s-corporation-status If you want to switch from your current C corporation status to S corporation status for the 2021 tax year, you have until March 15, 2021, to make the election. Otherwise, you generally must wait another year. It’s a good idea to arrange for an in-depth evaluation with your tax advisor that will take potential tax law changes into account. Just remember to make a determination before the March 15 deadline arrives. Mon, 18 Jan 2021 22:06:00 GMT https://www.mbkcpa.com/should-you-elect-s-corporation-status Business thumbnail main image https://www.mbkcpa.com/ppp2-application-forms-released-by-the-sba-and-treasury On Monday, January 11th, the SBA and U.S. Treasury Department opened the Paycheck Protection Program loan portal. It initially will be accepting first draw PPP loan applications from participating CFIs. Tue, 12 Jan 2021 22:03:11 GMT https://www.mbkcpa.com/ppp2-application-forms-released-by-the-sba-and-treasury News & Events thumbnail main image https://www.mbkcpa.com/consolidated-appropriations-act-2021 On Sunday, President Trump signed into law the $900 billion COVID-19 relief bill passed December 21, 2020, by Congress. Sun, 03 Jan 2021 19:06:48 GMT https://www.mbkcpa.com/consolidated-appropriations-act-2021 Non-Profit,Hospitality,Recruiting,Assurance,Construction,Covid-19,Family & Independent,Industrial,Management Advisory,Automotive,Professional Services,Retail,Cannabis,Real Estate,Employee Benefit Plan Audit,Healthcare,Manufacturing,Taxation,Marketing Audit,News & Events,Business,Business Valuation,Wholesale & Distribution thumbnail main image https://www.mbkcpa.com/the-holidays-are-here-at-mbk While the holidays may look a little different this year, the team at MBK celebrated in full-holiday spirit! Mon, 21 Dec 2020 17:19:00 GMT https://www.mbkcpa.com/the-holidays-are-here-at-mbk News & Events thumbnail main image https://www.mbkcpa.com/how-to-provide-your-employees-with-tax-free-covid-19-relief The COVID-19 pandemic has led to a surge in unemployment. And while people who have been furloughed or lost their jobs are among the hardest hit by the pandemic, those who remain employed have also experienced financial hardships. Mon, 21 Dec 2020 16:54:00 GMT https://www.mbkcpa.com/how-to-provide-your-employees-with-tax-free-covid-19-relief Covid-19,Taxation thumbnail main image https://www.mbkcpa.com/blockchain-more-than-just-bitcoin The blockchain is a term used to broadly describe the cryptographic technology that underpins several applications, the most widely known of which is Bitcoin and other similar cryptocurrencies. Fri, 11 Dec 2020 19:55:00 GMT https://www.mbkcpa.com/blockchain-more-than-just-bitcoin Taxation thumbnail main image https://www.mbkcpa.com/are-you-liable-for-nanny-taxes During the COVID-19 pandemic, day care centers have closed, summer camps have been canceled and many schools have switched to a remote learning model. Fri, 11 Dec 2020 19:47:00 GMT https://www.mbkcpa.com/are-you-liable-for-nanny-taxes Taxation thumbnail main image https://www.mbkcpa.com/easing-the-pain-of-the-niit-on-your-estate-plan The 3.8% net investment income tax (NIIT) can negatively affect your estate plan. This is especially true if your assets include an investment portfolio, because the NIIT can increase the tax on your capital gains, taxable interest and other investment income, thus reducing the amount of wealth available to your family. Mon, 07 Dec 2020 15:33:00 GMT https://www.mbkcpa.com/easing-the-pain-of-the-niit-on-your-estate-plan Taxation thumbnail main image https://www.mbkcpa.com/giving-tuesday-and-everyday Meyers Brothers Kalicka, P.C. believes in the power of Western Massachusetts. Giving back to our community is something that we believe strongly in, is embedded in our mission and vision, and is something that we regularly do. We succeed when our community succeeds. Mon, 30 Nov 2020 19:28:00 GMT https://www.mbkcpa.com/giving-tuesday-and-everyday community,News & Events thumbnail main image https://www.mbkcpa.com/tax-tips-11 What if you can’t pay your taxes on time? If you’re unable to pay your tax bill by April 15, you have several options, but doing nothing isn’t one of them. Mon, 30 Nov 2020 18:41:00 GMT https://www.mbkcpa.com/tax-tips-11 Taxation thumbnail main image https://www.mbkcpa.com/donor-advised-funds How they work and how to land them. Donor-advised funds (DAFs) have shown consistent growth over the last nine years, according to the 2019 Donor-Advised Fund Report from the National Philanthropic Trust (NPT). Mon, 30 Nov 2020 18:37:00 GMT https://www.mbkcpa.com/donor-advised-funds Non-Profit thumbnail main image https://www.mbkcpa.com/payroll-protection-program-expense-nondeductibility-clarified 2020 for many of us has been nothing but a new 4-letter word. Unemployment has run rampant, long-standing businesses have shuttered their doors, people have gotten sick and many have lost loved ones. Mon, 23 Nov 2020 16:18:00 GMT https://www.mbkcpa.com/payroll-protection-program-expense-nondeductibility-clarified Taxation thumbnail main image https://www.mbkcpa.com/mbk-delivers-thanksgiving-dinner-to-the-gray-house-for-families-in-need In anticipation of the Thanksgiving holiday and with more families in need amidst the pandemic than usual, MBK rallied to deliver Thanksgiving food items to The Gray House. Led by team leaders, Chelsea Cox and Sarah Rose Stack, the team collected donations and money before making the drop-off. Mon, 23 Nov 2020 15:00:00 GMT https://www.mbkcpa.com/mbk-delivers-thanksgiving-dinner-to-the-gray-house-for-families-in-need community,News & Events thumbnail main image https://www.mbkcpa.com/2020-tax-planning-individuals-and-businesses This year has been unlike any other in recent memory. Front and center, the COVID-19 pandemic has touched virtually every aspect of daily living and business activity in 2020. Mon, 16 Nov 2020 16:54:00 GMT https://www.mbkcpa.com/2020-tax-planning-individuals-and-businesses Taxation thumbnail main image https://www.mbkcpa.com/7-eleventh-hour-tax-strategies-for-individuals Another year is right around the corner, but there’s still time to cut your 2020 tax bill.7 Eleventh-Hour Tax Strategies for Individuals. Fri, 13 Nov 2020 19:23:00 GMT https://www.mbkcpa.com/7-eleventh-hour-tax-strategies-for-individuals News & Events thumbnail main image https://www.mbkcpa.com/capacity-building-focus-on-your-strengths-not-your-weaknesses Capacity Building: Focus on Your Strengths, Not Your Weaknesses. The economic crisis may have your nonprofit scrambling to find funding. But equally important is making internal adjustments that can boost your ability to fulfill your long-term mission. Fri, 13 Nov 2020 19:09:00 GMT https://www.mbkcpa.com/capacity-building-focus-on-your-strengths-not-your-weaknesses Non-Profit thumbnail main image https://www.mbkcpa.com/robo-advisors-do-the-benefits-outweigh-the-hidden-costs Robo-Advisors: Do the Benefits Outweigh the Hidden Costs? What are they? As the name suggests Robo-Advisors are automated, or robotic, investment portfolio managers. Tue, 03 Nov 2020 18:12:00 GMT https://www.mbkcpa.com/robo-advisors-do-the-benefits-outweigh-the-hidden-costs Business thumbnail main image https://www.mbkcpa.com/does-working-from-home-entitle-you-to-a-tax-break This year, as a result of the COVID-19 pandemic, more people worked at home than ever before. As 2020 draws to a close, many employees may be wondering whether any of the expenses they incurred to work at home qualify for tax breaks. Tue, 03 Nov 2020 18:03:00 GMT https://www.mbkcpa.com/does-working-from-home-entitle-you-to-a-tax-break Taxation thumbnail main image https://www.mbkcpa.com/timing-is-everything It’s the time of year when businesses often consider income-tax-minimizing strategies such as deferring revenue and accelerating expenses. But the COVID-19 pandemic, the resulting economic downturn and the upcoming election put a different spin on this year’s tax planning. Here are some tactics worth considering now. Tue, 03 Nov 2020 17:59:00 GMT https://www.mbkcpa.com/timing-is-everything Taxation thumbnail main image https://www.mbkcpa.com/reporting-paid-sick-and-family-leave The Families First Coronavirus Response Act requires employers with fewer than 500 employees to provide paid sick leave or family and medical leave to employees who miss work for specified reasons related to COVID-19. An IRS Notice provides guidance on how employers should report these payments. Mon, 19 Oct 2020 20:37:00 GMT https://www.mbkcpa.com/reporting-paid-sick-and-family-leave Taxation thumbnail main image https://www.mbkcpa.com/working-remotely-watch-out-for-double-taxation This year, many people have been working remotely, in some cases in a different state than... The post Working Remotely? Watch Out for Double Taxation appeared first on Meyers Brothers Kalicka. Mon, 19 Oct 2020 20:21:00 GMT https://www.mbkcpa.com/working-remotely-watch-out-for-double-taxation Taxation thumbnail main image https://www.mbkcpa.com/congress-does-a-180-on-kiddie-tax The “kiddie tax” was established in 1986 to discourage people from avoiding taxes by shifting income... The post Congress does a 180 on “Kiddie Tax” appeared first on Meyers Brothers Kalicka. Mon, 19 Oct 2020 20:16:00 GMT https://www.mbkcpa.com/congress-does-a-180-on-kiddie-tax Taxation thumbnail main image https://www.mbkcpa.com/landlords-and-covid-19-what-are-the-tax-implications The COVID-19 pandemic has had a significant impact on landlords. Many tenants have struggled to meet their financial obligations, often resulting in late or unpaid rent or negotiated lease modifications. As the end of 2020 quickly approaches, landlords should review the tax implications of their leasing activities. Wed, 07 Oct 2020 18:08:00 GMT https://www.mbkcpa.com/landlords-and-covid-19-what-are-the-tax-implications Covid-19,Taxation thumbnail main image https://www.mbkcpa.com/budgeting-for-baby Babies bring joy and excitement. They also bring an extra burden to your finances. According to... The post Budgeting for Baby appeared first on Meyers Brothers Kalicka. Wed, 07 Oct 2020 18:07:00 GMT https://www.mbkcpa.com/budgeting-for-baby Taxation thumbnail main image https://www.mbkcpa.com/2020-presents-challenges-and-opportunities COVID-19’s impact is being felt across the financial spectrum, from lower interest rates, slashed dividends and... The post 2020 Presents Challenges and Opportunities appeared first on Meyers Brothers Kalicka. Fri, 25 Sep 2020 20:21:00 GMT https://www.mbkcpa.com/2020-presents-challenges-and-opportunities Taxation thumbnail main image https://www.mbkcpa.com/mbk-teams-up-with-pioneer-valley-habitat-for-humanity Last Friday, MBK split into two small teams to be the first on-site group to work on a property since COVID. The first group cleared the property filling an entire dumpster and began the spring process on the second floor. After lunch, group two arrived and was able to prime the remainder of the entire house. Dan Eger, team leader, later presented John O’Farrell, of Pioneer Valley Habitat for Humanity, with a check from MBK for $750. Congratulations to the team for their hard work and dedication! Fri, 25 Sep 2020 20:17:00 GMT https://www.mbkcpa.com/mbk-teams-up-with-pioneer-valley-habitat-for-humanity community,News & Events thumbnail main image https://www.mbkcpa.com/telecommuting-can-be-taxing by: Carolyn Bourgoin, CPA In response to the COVID-19 pandemic and the related public health concerns,... The post Telecommuting Can be Taxing appeared first on Meyers Brothers Kalicka. Fri, 11 Sep 2020 16:46:00 GMT https://www.mbkcpa.com/telecommuting-can-be-taxing Taxation thumbnail main image https://www.mbkcpa.com/cares-act-provides-tax-planning-opportunities-including-net-operating-loss-rules-and-qip-changes by: Lisa White, CPA is a Manager at the Holyoke based accounting firm, Meyers Brothers Kalicka,... The post CARES Act Provides Tax Planning Opportunities Including Net Operating Loss Rules and QIP Changes appeared first on Meyers Brothers Kalicka. Fri, 11 Sep 2020 16:39:00 GMT https://www.mbkcpa.com/cares-act-provides-tax-planning-opportunities-including-net-operating-loss-rules-and-qip-changes Taxation thumbnail main image https://www.mbkcpa.com/the-spousal-lifetime-access-trust Uncertain economic times call for flexibility One of the many lessons resulting from the COVID-19 pandemic... The post The Spousal Lifetime Access Trust appeared first on Meyers Brothers Kalicka. Fri, 11 Sep 2020 16:23:00 GMT https://www.mbkcpa.com/the-spousal-lifetime-access-trust Taxation thumbnail main image https://www.mbkcpa.com/influencer-marketing-comes-to-nonprofits As the COVID-19 crisis intensified earlier this year, pop singer Ariana Grande began taking to Twitter every week to share a list of organizations she was supporting to help provide relief to those hit hard. As a result, organizations such as The Bail Project, Fund for Families and The Mental Health Fund saw a significant jump in contributions and new donors. Fri, 11 Sep 2020 16:14:00 GMT https://www.mbkcpa.com/influencer-marketing-comes-to-nonprofits Non-Profit thumbnail main image https://www.mbkcpa.com/classifying-workers-as-employees-or-independent-contractors Part of your entrance into the “new normal” may involve rehiring workers — and perhaps hiring some new replacements. For tax obligation purposes, you’ll be required to classify those workers as employees or independent contractors (ICs). Fri, 11 Sep 2020 16:11:00 GMT https://www.mbkcpa.com/classifying-workers-as-employees-or-independent-contractors Non-Profit thumbnail main image https://www.mbkcpa.com/mbk-stuff-the-bus-united-way-of-pioneer-valley Each year, United Way of Pioneer Valley works with local partners to collect donations of school supplies to provide backpacks to students who are homeless in our region. Tue, 01 Sep 2020 19:40:00 GMT https://www.mbkcpa.com/mbk-stuff-the-bus-united-way-of-pioneer-valley community,News & Events thumbnail main image https://www.mbkcpa.com/year-end-tax-planning-for-investors For investors, 2020 has been marked by volatility and uncertainty. As we approach the end of... The post Year-End Tax Planning for Investors appeared first on Meyers Brothers Kalicka. Mon, 31 Aug 2020 19:03:00 GMT https://www.mbkcpa.com/year-end-tax-planning-for-investors Taxation thumbnail main image https://www.mbkcpa.com/5-planning-strategies-in-uncertain-times The COVID-19 pandemic, waves of civil unrest and rocky economic times have led to a tsunami of external and internal forces for which many nonprofits have found themselves unprepared. Organizations are struggling to continue serving their constituencies while keeping their employees safe and doors open to the extent permitted, all under the shadow of questions about funding. Mon, 31 Aug 2020 18:49:00 GMT https://www.mbkcpa.com/5-planning-strategies-in-uncertain-times Non-Profit,Covid-19 thumbnail main image https://www.mbkcpa.com/u-s-giving-falls-to-historic-lows Is charitable giving in trouble? A survey conducted by Gallup last April found that the share of Americans who have given to a religious or other type of charity during the previous 12 months dropped to a historic low of 73%. (In previous years, this figure was more than 80%.) Although the April 2020 survey inquired about activity over the past year, Gallup cautions that many respondents may have answered only about their current or very recent activity, which could have been affected by the COVID-19 crisis. Mon, 31 Aug 2020 18:42:00 GMT https://www.mbkcpa.com/u-s-giving-falls-to-historic-lows News & Events thumbnail main image https://www.mbkcpa.com/is-your-cafeteria-plan-in-compliance Cafeteria plans can be an attractive and cost-effective tool for offering benefits to employees, providing substantial tax savings for employer and employees alike. But all too often, businesses fail to fully appreciate the requirements that must be met to achieve these savings. One misstep could turn years of pretax salary reductions into taxable compensation, with potentially disastrous results. Fri, 21 Aug 2020 19:02:00 GMT https://www.mbkcpa.com/is-your-cafeteria-plan-in-compliance News & Events thumbnail main image https://www.mbkcpa.com/pandemic-concern-boosts-nfp-worker-interest-in-unions An article in Nonprofit Quarterly reports that the COVID-19 pandemic and related uncertainties in the workplace have “created a sense of urgency around workers’ involvement in decisions about organizational directions and employee benefits.” This, in turn, has led to greater interest in unionizing. Fri, 21 Aug 2020 19:00:00 GMT https://www.mbkcpa.com/pandemic-concern-boosts-nfp-worker-interest-in-unions News & Events thumbnail main image https://www.mbkcpa.com/physician-compensation-and-covid-19 When your medical practice was formed, many agreements were voted on, and have governed the operations of your practice since that time. One of these agreements was most likely the physician compensation formula. With the passing years and changing faces within the practice, it is likely that this agreement has remained one of the rocks – guiding the practice throughout the ever-changing medical environment. Fri, 21 Aug 2020 18:31:00 GMT https://www.mbkcpa.com/physician-compensation-and-covid-19 Covid-19,Healthcare,Business thumbnail main image https://www.mbkcpa.com/economic-impact-payment-issues-the-tas-may-be-able-to-help As part of the CARES Act, the IRS is making Economic Impact Payments (EIP) to certain... The post Economic Impact Payment Issues? The TAS May Be Able to Help appeared first on Meyers Brothers Kalicka. Fri, 14 Aug 2020 18:12:00 GMT https://www.mbkcpa.com/economic-impact-payment-issues-the-tas-may-be-able-to-help News & Events thumbnail main image https://www.mbkcpa.com/restaurant-thrives-by-teaming-up-with-nonprofit An organization’s ability to turn on a dime and creatively adapt to changes in circumstances is... The post Restaurant Thrives by Teaming up with NonProfit appeared first on Meyers Brothers Kalicka. Fri, 14 Aug 2020 17:31:00 GMT https://www.mbkcpa.com/restaurant-thrives-by-teaming-up-with-nonprofit News & Events thumbnail main image https://www.mbkcpa.com/special-needs-trusts by: Dawn Badorini, MST There are various trusts that can be used to provide for a... The post Special Needs Trusts appeared first on Meyers Brothers Kalicka. Fri, 14 Aug 2020 15:18:00 GMT https://www.mbkcpa.com/special-needs-trusts Taxation thumbnail main image https://www.mbkcpa.com/retirement-plan-elections-may-be-signed-remotely In response to the COVID-19 pandemic and the need for social distancing, the IRS issued Notice... The post Retirement Plan Elections May Be Signed Remotely appeared first on Meyers Brothers Kalicka. Mon, 10 Aug 2020 16:17:00 GMT https://www.mbkcpa.com/retirement-plan-elections-may-be-signed-remotely News & Events thumbnail main image https://www.mbkcpa.com/extra-time-to-invest-in-qualified-opportunity-funds If you recognized capital gains in late 2019 or early 2020, it’s not too late to... The post Extra Time to Invest in Qualified Opportunity Funds appeared first on Meyers Brothers Kalicka. Mon, 10 Aug 2020 16:11:00 GMT https://www.mbkcpa.com/extra-time-to-invest-in-qualified-opportunity-funds News & Events thumbnail main image https://www.mbkcpa.com/refund-opportunities-for-excess-business-losses The Tax Cuts and Jobs Act (TCJA) limited the ability of noncorporate taxpayers — such as sole proprietors, partnerships and S corporations — to offset business losses against income from other sources. Mon, 10 Aug 2020 16:09:00 GMT https://www.mbkcpa.com/refund-opportunities-for-excess-business-losses News & Events thumbnail main image https://www.mbkcpa.com/kristi-a-reale-and-chelsea-cox-honored-as-mscpas-women-to-watch The MSCPA, in partnership with the AICPA’s Women’s Initiatives Executive Committee, recently announced seven recipients of... The post Kristi A.Reale and Chelsea Cox honored as MSCPA’s Women to Watch appeared first on Meyers Brothers Kalicka. Mon, 03 Aug 2020 14:55:00 GMT https://www.mbkcpa.com/kristi-a-reale-and-chelsea-cox-honored-as-mscpas-women-to-watch News & Events thumbnail main image https://www.mbkcpa.com/community-first-mbk-volunteers-at-the-food-bank-of-western-massachusetts Since 1982, The Food Bank of Western Massachusetts has been feeding our neighbors in need and... The post Community First. MBK volunteers at The Food Bank of Western Massachusetts appeared first on Meyers Brothers Kalicka. Fri, 24 Jul 2020 17:19:00 GMT https://www.mbkcpa.com/community-first-mbk-volunteers-at-the-food-bank-of-western-massachusetts community,News & Events thumbnail main image https://www.mbkcpa.com/advanced-education-consideration-of-employees-and-employers By: Gabriel J. Jacobson and Ian Coddington In addition to the obvious financial benefit to the... The post Advanced Education Consideration of Employees and Employers appeared first on Meyers Brothers Kalicka. Wed, 22 Jul 2020 20:04:00 GMT https://www.mbkcpa.com/advanced-education-consideration-of-employees-and-employers News & Events thumbnail main image https://www.mbkcpa.com/rudy-dagostino-and-jim-krupienskis-latest-podcast-on-ppp-loan-forgiveness-is-now-available Jim Krupienski and Rudy D’Agostino were guest stars on the popular podcast, “Talking HR with Allison... The post Rudy D’Agostino and Jim Krupienski’s latest Podcast on PPP Loan Forgiveness is Now Available appeared first on Meyers Brothers Kalicka. Fri, 10 Jul 2020 19:41:00 GMT https://www.mbkcpa.com/rudy-dagostino-and-jim-krupienskis-latest-podcast-on-ppp-loan-forgiveness-is-now-available News & Events thumbnail main image https://www.mbkcpa.com/take-advantage-of-cares-act-changes-to-retirement-accounts In this time of financial uncertainty brought about by the COVID-19 pandemic, you may be more... The post Take Advantage of CARES Act Changes to Retirement Accounts appeared first on Meyers Brothers Kalicka. Wed, 08 Jul 2020 17:01:00 GMT https://www.mbkcpa.com/take-advantage-of-cares-act-changes-to-retirement-accounts News & Events thumbnail main image https://www.mbkcpa.com/mbk-core-values The recent pandemic and community unrest driven by social injustice have pushed important conversations about values... The post Our Commitment to Core Values appeared first on Meyers Brothers Kalicka. Mon, 06 Jul 2020 20:37:00 GMT https://www.mbkcpa.com/mbk-core-values News & Events thumbnail main image https://www.mbkcpa.com/mbk-donates-279-lbs-of-food-to-open-pantry Open Pantry has been servicing the community since 1975. Their mission is to provide meaningful services... The post MBK Donates 279 lbs. of food to Open Pantry appeared first on Meyers Brothers Kalicka. Mon, 29 Jun 2020 14:55:00 GMT https://www.mbkcpa.com/mbk-donates-279-lbs-of-food-to-open-pantry community,News & Events thumbnail main image https://www.mbkcpa.com/cares-act-provides-relief-from-tcja-loss-limitation-rules Among its many provisions designed to provide financial relief to businesses and individuals that have suffered... The post CARES Act provides relief from TCJA loss limitation rules appeared first on Meyers Brothers Kalicka. Thu, 25 Jun 2020 20:05:00 GMT https://www.mbkcpa.com/cares-act-provides-relief-from-tcja-loss-limitation-rules News & Events thumbnail main image https://www.mbkcpa.com/irs-is-mailing-backlogged-notices-some-which-reflect-expired-action-dates The IRS generated over 20 million notices during the shutdown, but they were never mailed. As... The post IRS is Mailing Backlogged Notices, Some Which Reflect Expired Action Dates. appeared first on Meyers Brothers Kalicka. Mon, 22 Jun 2020 19:04:00 GMT https://www.mbkcpa.com/irs-is-mailing-backlogged-notices-some-which-reflect-expired-action-dates Taxation thumbnail main image https://www.mbkcpa.com/how-does-the-cares-act-affect-your-retirement-accounts As individuals continue to deal with the impact of the novel coronavirus (COVID-19) pandemic, the Coronavirus... The post How Does the CARES Act Affect Your Retirement Accounts? appeared first on Meyers Brothers Kalicka. Mon, 22 Jun 2020 18:48:00 GMT https://www.mbkcpa.com/how-does-the-cares-act-affect-your-retirement-accounts Taxation thumbnail main image https://www.mbkcpa.com/feeling-charitable-now-is-the-time-to-give In an economic downturn, charitable donations typically decline. So, if you’re in a position to donate,... The post Feeling Charitable? Now is the Time to Give appeared first on Meyers Brothers Kalicka. Mon, 15 Jun 2020 15:56:00 GMT https://www.mbkcpa.com/feeling-charitable-now-is-the-time-to-give Taxation thumbnail main image https://www.mbkcpa.com/well-wishes-for-jim-barrett The MBK family wanted to take a moment to send our well wishes to Jim Barrett,... The post Well Wishes for Jim Barrett appeared first on Meyers Brothers Kalicka. Wed, 10 Jun 2020 13:34:00 GMT https://www.mbkcpa.com/well-wishes-for-jim-barrett News & Events thumbnail main image https://www.mbkcpa.com/senate-approves-bill-extending-paycheck-protection-program Last night the Senate passed unanimously, the Paycheck Protection Flexibility Act.  The House passed this legislation... The post Senate Approves Bill Extending Paycheck Protection Program appeared first on Meyers Brothers Kalicka. Thu, 04 Jun 2020 20:48:00 GMT https://www.mbkcpa.com/senate-approves-bill-extending-paycheck-protection-program News & Events thumbnail main image https://www.mbkcpa.com/webinar-thurs-6-11-ppp-loan-forgiveness Businesses who obtained a Paycheck Protection Program Loan (PPP Loan) can apply for forgiveness. Join Kris... The post Webinar Thurs. 6/11: PPP Loan Forgiveness appeared first on Meyers Brothers Kalicka. Wed, 03 Jun 2020 18:56:00 GMT https://www.mbkcpa.com/webinar-thurs-6-11-ppp-loan-forgiveness News & Events thumbnail main image https://www.mbkcpa.com/cares-act-additional-relief-provisions by: Lisa White, CPA On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act... The post CARES Act Additional Relief Provisions appeared first on Meyers Brothers Kalicka. Mon, 01 Jun 2020 19:38:00 GMT https://www.mbkcpa.com/cares-act-additional-relief-provisions Taxation thumbnail main image https://www.mbkcpa.com/employee-retention-credit by: Carolyn Bourgoin, CPA Businesses that either timely repaid or did not otherwise receive a loan... The post Employee Retention Credit appeared first on Meyers Brothers Kalicka. Wed, 27 May 2020 15:46:00 GMT https://www.mbkcpa.com/employee-retention-credit Taxation thumbnail main image https://www.mbkcpa.com/alternative-revenue-sources Given today’s Covid-19 economic climate, and restrictions on the ability to practice medicine due to patient safety concerns and state shutdowns, there are many new financial struggles present in owning and managing a medical practice. Expenses continue to rise while revenues decrease, and the government stimulus packages are only temporary. Wed, 27 May 2020 15:36:00 GMT https://www.mbkcpa.com/alternative-revenue-sources Healthcare thumbnail main image https://www.mbkcpa.com/join-us-monday-june-1st-at-1000-a-m-for-a-free-webinar-on-the-ppp-loan-forgiveness-application Obtaining a Paycheck Protection Program (PPP) Loan may have seemed like a difficult task, but the more complex journey may lie ahead. Join Kris Drzal Houghton and Jim Krupienski for a special two-hour webinar reviewing the latest guidance from the U.S. Treasury and Small Business Administration on completing the required loan forgiveness application. Wed, 27 May 2020 14:35:00 GMT https://www.mbkcpa.com/join-us-monday-june-1st-at-1000-a-m-for-a-free-webinar-on-the-ppp-loan-forgiveness-application Covid-19,Business thumbnail main image https://www.mbkcpa.com/nonprofits-staying-afloat-or-better n the wake of the novel coronavirus (COVID-19) crisis, many nonprofits are facing rough waters as they maneuver to remain financially viable. Organizations with only one or two sources of revenue are particularly shaky. Fri, 22 May 2020 14:25:00 GMT https://www.mbkcpa.com/nonprofits-staying-afloat-or-better Non-Profit,Covid-19 thumbnail main image https://www.mbkcpa.com/webinar-tuesday-5-26-an-overview-of-the-ppp-loan-forgiveness-application Although obtaining a Paycheck Protection Program (PPP) loan may have seemed like a difficult task, the more complex part of the journey may lie ahead. Thu, 21 May 2020 19:46:00 GMT https://www.mbkcpa.com/webinar-tuesday-5-26-an-overview-of-the-ppp-loan-forgiveness-application Business thumbnail main image https://www.mbkcpa.com/rudy-dagostino-is-the-guest-speaker-for-eane-roundtable MBK Partner, Rudy D’Agostino joined EANE President, Meredith Wise for a special virtual Roundtable discussion with business leaders of the Northeast. Mon, 18 May 2020 14:35:00 GMT https://www.mbkcpa.com/rudy-dagostino-is-the-guest-speaker-for-eane-roundtable Business thumbnail main image https://www.mbkcpa.com/ppp-safe-harbor-deadline The Paycheck Protection Program is a loan designed to provide direct incentive for small businesses to keep their employees on the payroll as they combat the pandemic. The program was initially rolled out with $349 Billion but was heavily scrutinized when about 150 public companies received an estimated $600 Million dollars that was specifically earmarked for small businesses. Fri, 15 May 2020 14:54:00 GMT https://www.mbkcpa.com/ppp-safe-harbor-deadline Business thumbnail main image https://www.mbkcpa.com/cares-act-and-nonprofit-relief Much of the economy is reeling from the novel coronavirus (COVID-19) crisis, and the nonprofit sector is no different. Fortunately, Congress recognized this while drafting the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The law, enacted in late March 2020, contains several provisions that might help distressed nonprofits weather the storm. Fri, 15 May 2020 14:54:00 GMT https://www.mbkcpa.com/cares-act-and-nonprofit-relief Non-Profit,Covid-19 thumbnail main image https://www.mbkcpa.com/benefits-of-employee-sponsored-volunteerism Employer sponsored employee volunteerism is a way for companies and organizations to engage their employees by supporting their involvement in the community through volunteer opportunities. These opportunities can be as simple as a donation drive for food and supplies or can be more involved, such as a corporate habitat for humanity build. Fri, 08 May 2020 15:43:00 GMT https://www.mbkcpa.com/benefits-of-employee-sponsored-volunteerism Business thumbnail main image https://www.mbkcpa.com/tax-breaks-that-can-help-businesses-rubild-from-covid-19 In addition to the health implications, the coronavirus (COVID-19) pandemic has dealt a severe blow to the economy, and every business needs to use all the tools at their disposal as they attempt to recoup losses and rebuild financial health. Tax breaks are one set of tools that can help, including many provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Fri, 08 May 2020 14:49:00 GMT https://www.mbkcpa.com/tax-breaks-that-can-help-businesses-rubild-from-covid-19 Covid-19,Business thumbnail main image https://www.mbkcpa.com/changes-to-form-w-4-what-employers-need-to-know If you haven’t paid much attention to Form W-4 (the Employee Withholding Certificate), take a closer... The post Changes to Form W-4: What Employers Need to Know appeared first on Meyers Brothers Kalicka. Fri, 08 May 2020 14:23:00 GMT https://www.mbkcpa.com/changes-to-form-w-4-what-employers-need-to-know Taxation thumbnail main image https://www.mbkcpa.com/team-mbk-hits-a-home-run-for-the-jimmy-fund Many (if not all) of us know someone that has been affected by cancer. But, the... The post Team MBK hits a home run for The Jimmy Fund appeared first on Meyers Brothers Kalicka. Wed, 06 May 2020 18:49:00 GMT https://www.mbkcpa.com/team-mbk-hits-a-home-run-for-the-jimmy-fund News & Events thumbnail main image https://www.mbkcpa.com/saving-for-retirement-gets-a-boost-from-the-secure-act While retirement planning is essential to long-term financial security, it can be a struggle to actually... The post Saving for Retirement Gets a Boost from The SECURE Act appeared first on Meyers Brothers Kalicka. Thu, 30 Apr 2020 14:59:00 GMT https://www.mbkcpa.com/saving-for-retirement-gets-a-boost-from-the-secure-act News & Events thumbnail main image https://www.mbkcpa.com/cares-act-benefits-for-individuals-that-you-may-not-know-about Most of us are familiar with the “Economic Impact Payments” for individuals provided by the Coronavirus... The post CARES Act Benefits for Individuals That You May Not Know About appeared first on Meyers Brothers Kalicka. Wed, 29 Apr 2020 18:20:00 GMT https://www.mbkcpa.com/cares-act-benefits-for-individuals-that-you-may-not-know-about Taxation thumbnail main image https://www.mbkcpa.com/comparison-of-ppp-to-employer-retention-credit The recent amendment to the CARES Act included several modifications including an added $310 Billion to... The post Comparison of PPP to Employer Retention Credit appeared first on Meyers Brothers Kalicka. Wed, 29 Apr 2020 16:30:00 GMT https://www.mbkcpa.com/comparison-of-ppp-to-employer-retention-credit News & Events thumbnail main image https://www.mbkcpa.com/countonme-take-your-kids-to-work-day-at-home This year, “Take our sons and daughters to work day” has a little different scenery. If... The post #CountOnMe: Take Your Kids to Work Day, at Home appeared first on Meyers Brothers Kalicka. Fri, 17 Apr 2020 16:29:00 GMT https://www.mbkcpa.com/countonme-take-your-kids-to-work-day-at-home News & Events thumbnail main image https://www.mbkcpa.com/purpose-drives-the-difference-nonprofit-accounting-vs-for-profit Many effective nonprofit board members come from the for-profit world. They bring talent and organizational savvy... The post Purpose drives the difference: Nonprofit accounting vs. For-profit appeared first on Meyers Brothers Kalicka. Fri, 17 Apr 2020 16:23:00 GMT https://www.mbkcpa.com/purpose-drives-the-difference-nonprofit-accounting-vs-for-profit News & Events thumbnail main image https://www.mbkcpa.com/irs-launches-get-my-payment-tool The IRS sent out the first stimulus payments this week. But while 80 million people can... The post IRS Launches “Get My Payment” Tool appeared first on Meyers Brothers Kalicka. Thu, 16 Apr 2020 13:19:00 GMT https://www.mbkcpa.com/irs-launches-get-my-payment-tool Business thumbnail main image https://www.mbkcpa.com/dont-wait-to-file-your-2019-tax-returns The U.S. government has extended the tax-filing deadline to July 15, 2020 to give taxpayers extra... The post Don’t Wait to File Your 2019 Tax Returns appeared first on Meyers Brothers Kalicka. Tue, 14 Apr 2020 15:26:00 GMT https://www.mbkcpa.com/dont-wait-to-file-your-2019-tax-returns Taxation thumbnail main image https://www.mbkcpa.com/eidl-vs-ppp Several programs have been put in place to assist in the economic hardship that COVID-19 has... The post EIDL vs. PPP appeared first on Meyers Brothers Kalicka. Mon, 13 Apr 2020 14:24:00 GMT https://www.mbkcpa.com/eidl-vs-ppp Business thumbnail main image https://www.mbkcpa.com/7-actions-to-take-now-to-get-your-business-through-covid-19 Small businesses are the backbone of this country. The financial burden that COVID-19 has imposed on... The post 7 Actions to Take Now, to Get Your Business Through COVID-19 appeared first on Meyers Brothers Kalicka. Mon, 13 Apr 2020 13:21:00 GMT https://www.mbkcpa.com/7-actions-to-take-now-to-get-your-business-through-covid-19 Business thumbnail main image https://www.mbkcpa.com/small-actions-for-big-wins-when-working-from-home During these increasingly difficult times, many people find themselves in a new office at home.  If... The post Small Actions for Big Wins When Working from Home appeared first on Meyers Brothers Kalicka. Tue, 07 Apr 2020 13:52:00 GMT https://www.mbkcpa.com/small-actions-for-big-wins-when-working-from-home News & Events thumbnail main image https://www.mbkcpa.com/audits-in-the-time-of-covid-19-require-creativity-and-extra-planning As many companies have activated their disaster response plans or are scrambling to develop disaster response... The post Audits in the Time of COVID-19 Require Creativity and Extra Planning appeared first on Meyers Brothers Kalicka. Mon, 06 Apr 2020 13:28:00 GMT https://www.mbkcpa.com/audits-in-the-time-of-covid-19-require-creativity-and-extra-planning Covid-19,Business thumbnail main image https://www.mbkcpa.com/cares-act-businesses The Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress’s gigantic economic stimulus package, was signed... The post CARES Act- Businesses appeared first on Meyers Brothers Kalicka. Fri, 03 Apr 2020 20:44:00 GMT https://www.mbkcpa.com/cares-act-businesses News & Events thumbnail main image https://www.mbkcpa.com/cares-act-individuals We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19.... The post CARES Act – Individuals appeared first on Meyers Brothers Kalicka. Fri, 03 Apr 2020 20:33:00 GMT https://www.mbkcpa.com/cares-act-individuals Taxation thumbnail main image https://www.mbkcpa.com/kris-houghton-makes-guest-appearance-on-94-7-wmas-to-share-info-with-the-public-amid-covid-19 On April 2nd, MBK Partner, Kris Drzal Houghton, CPA, MST joined Lopez from the Kellogg Krew... The post Kris Houghton Makes Guest Appearance on 94.7 WMAS to Share Info with the Public Amid COVID-19 appeared first on Meyers Brothers Kalicka. Fri, 03 Apr 2020 17:35:00 GMT https://www.mbkcpa.com/kris-houghton-makes-guest-appearance-on-94-7-wmas-to-share-info-with-the-public-amid-covid-19 Covid-19,News & Events thumbnail main image https://www.mbkcpa.com/mbk-delivers-board-games-to-mha The Mental Health Association has organized a board game drive for patients and staff to keep... The post MBK Delivers Board Games to MHA appeared first on Meyers Brothers Kalicka. Thu, 02 Apr 2020 19:36:00 GMT https://www.mbkcpa.com/mbk-delivers-board-games-to-mha community,News & Events thumbnail main image https://www.mbkcpa.com/cares-act-explained Congress has been working to provide economic relief to Americans as we navigate this global pandemic. ... The post CARES Act Explained appeared first on Meyers Brothers Kalicka. Mon, 30 Mar 2020 18:46:00 GMT https://www.mbkcpa.com/cares-act-explained Taxation thumbnail main image https://www.mbkcpa.com/cares-act-paycheck-protection-loans Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27, 2020. This... The post Paycheck Protection Loan Program appeared first on Meyers Brothers Kalicka. Mon, 30 Mar 2020 18:35:00 GMT https://www.mbkcpa.com/cares-act-paycheck-protection-loans Taxation thumbnail main image https://www.mbkcpa.com/massachusetts-deadline-for-q1-individual-estimates-and-returns-and-estimates-for-both-trusts-and-corporations-remains-4-15-2020 Massachusetts announced that it will extend the 2019 State individual income tax filing and payment deadline... The post Massachusetts deadline for Q1 individual estimates, and Returns and Estimates for both Trusts and Corporations Remains 4/15/2020 appeared first on Meyers Brothers Kalicka. Mon, 30 Mar 2020 18:21:00 GMT https://www.mbkcpa.com/massachusetts-deadline-for-q1-individual-estimates-and-returns-and-estimates-for-both-trusts-and-corporations-remains-4-15-2020 Taxation thumbnail main image https://www.mbkcpa.com/top-10-tips-for-working-from-home With the outbreak of COVID-19, many people find themselves working from home for the first time.... The post Top 10 Tips for Working From Home appeared first on Meyers Brothers Kalicka. Fri, 27 Mar 2020 18:18:00 GMT https://www.mbkcpa.com/top-10-tips-for-working-from-home News & Events thumbnail main image https://www.mbkcpa.com/nfp-reserves-for-sustainability Recent tax law harshly affects the level of donations for many nonprofits. Combine that with uncertainties about government funding, and it’s easy to see that operating reserves are more important than ever for long-term sustainability. Yet studies show that organizations often fail to maintain adequate reserves, which could potentially lead to financial disaster. Thu, 26 Mar 2020 20:02:00 GMT https://www.mbkcpa.com/nfp-reserves-for-sustainability Non-Profit thumbnail main image https://www.mbkcpa.com/family-business-succession-planning Determining the right successor for your family business can be more complex than it first appears.... The post Family Business Succession Planning appeared first on Meyers Brothers Kalicka. Thu, 26 Mar 2020 19:43:00 GMT https://www.mbkcpa.com/family-business-succession-planning Business thumbnail main image https://www.mbkcpa.com/how-to-avoid-tax-scams With daily changes to tax deadlines and the ever-changing landscape of tax season 2020, it’s more... The post How to Avoid Tax Scams appeared first on Meyers Brothers Kalicka. Thu, 26 Mar 2020 16:10:00 GMT https://www.mbkcpa.com/how-to-avoid-tax-scams Taxation thumbnail main image https://www.mbkcpa.com/covid-19-updates-and-toolkit As the outbreak of COVID-19 has escalated and caused unprecedented reactions such as school closings, cancelling... The post COVID-19 Updates & Toolkit appeared first on Meyers Brothers Kalicka. Mon, 23 Mar 2020 18:24:00 GMT https://www.mbkcpa.com/covid-19-updates-and-toolkit Covid-19,News & Events thumbnail main image https://www.mbkcpa.com/tax-planning-for-retirees There’s a common misconception that, when you retire, your tax bills shrink, your tax returns become... The post Tax Planning for Retirees appeared first on Meyers Brothers Kalicka. Fri, 20 Mar 2020 19:08:00 GMT https://www.mbkcpa.com/tax-planning-for-retirees Taxation thumbnail main image https://www.mbkcpa.com/tax-tips-virtual-currency Virtual Currency should be handled with care. Recently, the IRS has been sending letters to taxpayers... The post Tax Tips: Virtual Currency appeared first on Meyers Brothers Kalicka. Fri, 20 Mar 2020 18:27:00 GMT https://www.mbkcpa.com/tax-tips-virtual-currency Taxation thumbnail main image https://www.mbkcpa.com/5-tips-for-businesses-amid-covid-19 At MBK, we solve problems every day.  As the outbreak of COVID-19 has escalated and caused... The post 5 Tips for Businesses Amid COVID-19 appeared first on Meyers Brothers Kalicka. Mon, 16 Mar 2020 18:53:00 GMT https://www.mbkcpa.com/5-tips-for-businesses-amid-covid-19 Covid-19,Business thumbnail main image https://www.mbkcpa.com/mbk-donates-10000-to-mha-to-fund-non-violent-crisis-intervention-training Meyers Brothers Kalicka, P.C. have made a $10,000 donation to the Mental Health Association (MHA) to fund Non-Violent Crisis Intervention training for MHA’s direct care staff. Fri, 13 Mar 2020 17:02:00 GMT https://www.mbkcpa.com/mbk-donates-10000-to-mha-to-fund-non-violent-crisis-intervention-training Healthcare thumbnail main image https://www.mbkcpa.com/green-building-tax-incentives Lisa White, CPA, of Meyers Brothers Kalicka,P.C., CJ Aberin, CCSP of KBKG and Brandon Val Verde,... The post Green Building Tax Incentives appeared first on Meyers Brothers Kalicka. Fri, 13 Mar 2020 16:57:00 GMT https://www.mbkcpa.com/green-building-tax-incentives Business thumbnail main image https://www.mbkcpa.com/health-safety-matters-at-mbk We want you to know that Meyers Brothers Kalicka, P.C. continues to monitor the rapidly changing situation as it relates to the Coronavirus (COVID-19) and is taking several precautions related to the health, safety and well-being of our clients and employees; which is of highest importance to us. Wed, 11 Mar 2020 19:30:00 GMT https://www.mbkcpa.com/health-safety-matters-at-mbk Covid-19,News & Events thumbnail main image https://www.mbkcpa.com/mbk-rally-againist-cancer It’s that time of year again- The Jimmy Fund Rally Against Cancer! Many (if not all)... The post MBK teams up with The Red Sox to Rally Against Cancer appeared first on Meyers Brothers Kalicka. Mon, 09 Mar 2020 14:07:00 GMT https://www.mbkcpa.com/mbk-rally-againist-cancer community,News & Events thumbnail main image https://www.mbkcpa.com/small-is-bigger-than-ever Is your business eligible for expanded tax benefits? Small businesses enjoy several tax advantages that may... The post “Small” is Bigger Than Ever appeared first on Meyers Brothers Kalicka. Mon, 09 Mar 2020 13:33:00 GMT https://www.mbkcpa.com/small-is-bigger-than-ever Taxation thumbnail main image https://www.mbkcpa.com/lets-get-social Depth. Drive. Experience. People. Culture. Community. Service.  These are the cornerstones that Meyers Brothers Kalicka, P.C.... The post Let’s Get Social appeared first on Meyers Brothers Kalicka. Thu, 05 Mar 2020 18:55:00 GMT https://www.mbkcpa.com/lets-get-social News & Events thumbnail main image https://www.mbkcpa.com/mbk-delivers-supplies-for-women-and-children-at-the-ywca-of-western-massachusetts As tax season kicked into full swing, MBK was reminded of their commitment to community in... The post MBK Delivers Supplies for Women and Children at the YWCA of Western Massachusetts appeared first on Meyers Brothers Kalicka. Tue, 03 Mar 2020 14:07:00 GMT https://www.mbkcpa.com/mbk-delivers-supplies-for-women-and-children-at-the-ywca-of-western-massachusetts community,News & Events thumbnail main image https://www.mbkcpa.com/practice-ownership-vs-employment The concept of being an employed physician as opposed to being part of ownership has shifted greatly in recent years. In fact, a 2018 AMA Physician Practice Benchmark Survey has indicated that for the first time, employed physicians outnumber their counterparts that own a practice – 47.4% to 45.9%. Thu, 27 Feb 2020 20:51:00 GMT https://www.mbkcpa.com/practice-ownership-vs-employment Healthcare thumbnail main image https://www.mbkcpa.com/mbk-dominates-in-trivia The MBK team just took home first place in MSCPA western Mass trivia night! They also... The post MBK Dominates In Trivia! appeared first on Meyers Brothers Kalicka. Mon, 03 Feb 2020 17:41:00 GMT https://www.mbkcpa.com/mbk-dominates-in-trivia News & Events thumbnail main image https://www.mbkcpa.com/generations James T. Krupienski, CPA Every 20 years or so, there is a generational shift in the... The post Millennials and Your Business appeared first on Meyers Brothers Kalicka. Tue, 21 Jan 2020 16:32:00 GMT https://www.mbkcpa.com/generations Business thumbnail main image https://www.mbkcpa.com/retention These days, it’s hard to imagine holding onto paper copies of every bill, invoice or financial... The post The Importance Of Record Retention Policies appeared first on Meyers Brothers Kalicka. Fri, 20 Dec 2019 20:02:00 GMT https://www.mbkcpa.com/retention Taxation thumbnail main image https://www.mbkcpa.com/buying-versus-leasing-a-company-vehicle Watch the news on any local channel and you’ll probably multiple car dealership commercials. If these or other factors have peaked your interest in a new vehicle, at some point in the process you’ll be considering the buy vs. lease dilemma. Thu, 19 Dec 2019 20:36:00 GMT https://www.mbkcpa.com/buying-versus-leasing-a-company-vehicle Healthcare,Business thumbnail main image https://www.mbkcpa.com/office-space-considerations Owning real estate through a separate entity yields advantages for your business, but careful planning is necessary. Thu, 19 Dec 2019 20:35:00 GMT https://www.mbkcpa.com/office-space-considerations Healthcare,Business thumbnail main image https://www.mbkcpa.com/your-employees-parking-spots-may-increase-your-income-tax There has been discussion in the business community about the positive aspects of Tax Cuts and Jobs Act (“TCJA”) enacted in December 2017. Most notable to physician groups is the fact that Professional Service Corporations no longer pay tax at a special higher tax rate. Lost in the celebration is one change which affects all types of business entities, including medical practices. Thu, 19 Dec 2019 20:33:00 GMT https://www.mbkcpa.com/your-employees-parking-spots-may-increase-your-income-tax Healthcare,Business thumbnail main image https://www.mbkcpa.com/year-end-tax-planning-2019 The Tax Cuts and Jobs Act Still Poses Many Questions for Tax payers and Business Owners... The post Year-End Tax Planning 2019 appeared first on Meyers Brothers Kalicka. Thu, 19 Dec 2019 15:44:00 GMT https://www.mbkcpa.com/year-end-tax-planning-2019 Taxation thumbnail main image https://www.mbkcpa.com/holidays-are-here-at-mbk Today, the team at MBK got their holiday celebrations into full swing! The team collected toys... The post Holidays are Here at MBK!! appeared first on Meyers Brothers Kalicka. Fri, 13 Dec 2019 17:37:00 GMT https://www.mbkcpa.com/holidays-are-here-at-mbk News & Events thumbnail main image https://www.mbkcpa.com/everyone-wins-with-qualified-opportunity-zones With the Qualified Opportunity Zone (QOZ) program, the Tax Cuts and Jobs Act (TCJA) created a... The post Everyone Wins with Qualified Opportunity Zones appeared first on Meyers Brothers Kalicka. Tue, 05 Nov 2019 16:18:00 GMT https://www.mbkcpa.com/everyone-wins-with-qualified-opportunity-zones Business thumbnail main image https://www.mbkcpa.com/business-and-travel-expense-reimbursement-rules-under-the-new-tax-cuts-and-jobs-act The Tax Ramifications of Business Travel Expenses For some companies, business travel is a thing of... The post Traveling Light appeared first on Meyers Brothers Kalicka. Tue, 05 Nov 2019 16:02:00 GMT https://www.mbkcpa.com/business-and-travel-expense-reimbursement-rules-under-the-new-tax-cuts-and-jobs-act Taxation thumbnail main image https://www.mbkcpa.com/estate-planning-and-business-succession-planning The Lines Blur When a Family Business Comes into Play For many business owners, estate planning... The post Estate Planning and Business Succession Planning appeared first on Meyers Brothers Kalicka. Wed, 31 Jul 2019 11:30:00 GMT https://www.mbkcpa.com/estate-planning-and-business-succession-planning Business thumbnail main image https://www.mbkcpa.com/tax-tips-9 Hang on to Your Passport A 2015 law allows the U.S. State Department to deny your... The post Tax Tips appeared first on Meyers Brothers Kalicka. Wed, 31 Jul 2019 11:15:00 GMT https://www.mbkcpa.com/tax-tips-9 Taxation thumbnail main image https://www.mbkcpa.com/when-can-you-deduct-business-meals The Tax Cuts and Jobs Act (TCJA) eliminated most tax deductions for business-related entertainment, beginning in... The post When Can You Deduct Business Meals? appeared first on Meyers Brothers Kalicka. Wed, 31 Jul 2019 11:00:00 GMT https://www.mbkcpa.com/when-can-you-deduct-business-meals Taxation thumbnail main image https://www.mbkcpa.com/the-backdoor-roth-ira-remains-open The Roth IRA is an attractive savings vehicle, offering tax-free retirement income and other significant benefits.... The post The “Backdoor” Roth IRA Remains Open appeared first on Meyers Brothers Kalicka. Wed, 31 Jul 2019 10:30:00 GMT https://www.mbkcpa.com/the-backdoor-roth-ira-remains-open Taxation thumbnail main image https://www.mbkcpa.com/income-tax-withholding Examine Your Withholding Allowances Today If you receive paychecks from one or more employers, it’s a... The post Income Tax Withholding appeared first on Meyers Brothers Kalicka. Mon, 01 Jul 2019 10:00:00 GMT https://www.mbkcpa.com/income-tax-withholding Taxation thumbnail main image https://www.mbkcpa.com/tax-tips-10 Helping Employees Pay Down Student Loan Debt In a 2018 private letter ruling, the IRS gave... The post Tax Tips appeared first on Meyers Brothers Kalicka. Fri, 28 Jun 2019 11:15:00 GMT https://www.mbkcpa.com/tax-tips-10 Taxation thumbnail main image https://www.mbkcpa.com/partnerships-if-youre-audited-will-you-be-ready The Bipartisan Budget Act of 2015 established a new “centralized audit” regime for partnerships, including LLCs... The post Partnerships: If You’re Audited, Will You be Ready? appeared first on Meyers Brothers Kalicka. Wed, 26 Jun 2019 10:25:00 GMT https://www.mbkcpa.com/partnerships-if-youre-audited-will-you-be-ready Taxation thumbnail main image https://www.mbkcpa.com/the-gst-tax-and-your-estate-plan-what-you-need-to-know The Tax Cuts and Jobs Act doubled the generation-skipping transfer (GST) tax exemption to $10 million... The post The GST Tax and Your Estate Plan: What You Need to Know appeared first on Meyers Brothers Kalicka. Mon, 24 Jun 2019 15:41:00 GMT https://www.mbkcpa.com/the-gst-tax-and-your-estate-plan-what-you-need-to-know Taxation thumbnail main image https://www.mbkcpa.com/mbk-little-league-team-wins-the-title MBK is proud to announce that on Wednesday, June 12, our very own Jim Krupienski lead... The post MBK Little League Team Wins the Title! appeared first on Meyers Brothers Kalicka. Fri, 14 Jun 2019 15:31:00 GMT https://www.mbkcpa.com/mbk-little-league-team-wins-the-title News & Events thumbnail main image https://www.mbkcpa.com/deducting-employee-business-expenses-under-the-new-tax-law A Proactive Step That Adds Up By Joe Lemay, CPA I’m sure you’ve heard by now,... The post Deducting Employee Business Expenses Under the New Tax Law appeared first on Meyers Brothers Kalicka. Thu, 06 Jun 2019 16:02:00 GMT https://www.mbkcpa.com/deducting-employee-business-expenses-under-the-new-tax-law Business thumbnail main image https://www.mbkcpa.com/consider-an-sba-loan-to-grow-your-business A Primer on Evaluating SBA Funds for Your Business Finding capital to support your company’s growth... The post Consider an SBA Loan to Grow Your Business appeared first on Meyers Brothers Kalicka. Thu, 06 Jun 2019 15:39:00 GMT https://www.mbkcpa.com/consider-an-sba-loan-to-grow-your-business Business thumbnail main image https://www.mbkcpa.com/to-have-and-to-withhold Avoiding Surprises on Your 2019 Tax Return This past tax filing season, many people were surprised... The post To Have and to Withhold appeared first on Meyers Brothers Kalicka. Thu, 06 Jun 2019 15:19:00 GMT https://www.mbkcpa.com/to-have-and-to-withhold Taxation thumbnail main image https://www.mbkcpa.com/are-all-of-your-customers-profitable-for-your-business Are all of your customers profitable for your business? Every business needs customers to survive. Owners... The post Are All of Your Customers Profitable for Your Business appeared first on Meyers Brothers Kalicka. Fri, 31 May 2019 19:00:00 GMT https://www.mbkcpa.com/are-all-of-your-customers-profitable-for-your-business Business thumbnail main image https://www.mbkcpa.com/tax-tips-8 Employers can use 401(k) plans to help employees pay student loans. In a recent private letter... The post Tax Tips appeared first on Meyers Brothers Kalicka. Mon, 06 May 2019 20:42:00 GMT https://www.mbkcpa.com/tax-tips-8 Taxation thumbnail main image https://www.mbkcpa.com/meyers-brothers-kalicka-p-c-recognized-as-a-regional-leader-in-accounting-todays-top-100-firms Holyoke, MA – Accounting Today, the premier publication of the certified public accounting industry, has named... The post Meyers Brothers Kalicka, P.C. Recognized as a Regional Leader in Accounting Today’s Top 100 Firms appeared first on Meyers Brothers Kalicka. Wed, 27 Mar 2019 18:58:00 GMT https://www.mbkcpa.com/meyers-brothers-kalicka-p-c-recognized-as-a-regional-leader-in-accounting-todays-top-100-firms News & Events thumbnail main image https://www.mbkcpa.com/mbk-announces-march-eane-finance-roundtable We are pleased to announce our next Finance Roundtable, which will occur on Friday, March 8th.... The post MBK Announces March EANE Finance Roundtable appeared first on Meyers Brothers Kalicka. Wed, 27 Feb 2019 19:08:00 GMT https://www.mbkcpa.com/mbk-announces-march-eane-finance-roundtable News & Events thumbnail main image https://www.mbkcpa.com/mbk-announces-3-promotions Emily White, MSA, John Veit and Brian Benson, CPA, Climb The Ladder At MBK Holyoke, MA... The post MBK Announces Three Promotions appeared first on Meyers Brothers Kalicka. Mon, 25 Feb 2019 21:00:00 GMT https://www.mbkcpa.com/mbk-announces-3-promotions News & Events thumbnail main image https://www.mbkcpa.com/is-employee-parking-tax-deductible Understanding the Implications of the Tax Cuts and Jobs Act on Employee Parking Tax Deductions Is... The post Is Employee Parking Tax Deductible? appeared first on Meyers Brothers Kalicka. Thu, 21 Feb 2019 14:32:00 GMT https://www.mbkcpa.com/is-employee-parking-tax-deductible Taxation thumbnail main image https://www.mbkcpa.com/mbk-dresses-down-for-the-american-heart-association On Friday, February 1, staff and partners at MBK wore red to show relentless support of... The post MBK Dresses down for the American Heart Association! appeared first on Meyers Brothers Kalicka. Fri, 01 Feb 2019 16:05:00 GMT https://www.mbkcpa.com/mbk-dresses-down-for-the-american-heart-association News & Events thumbnail main image https://www.mbkcpa.com/2018-year-end-tax-planning-guide     by Kristina Drzal Houghton, CPA Year-end planning for 2018 takes place against the backdrop of... The post 2018 Year End Tax Planning Guide appeared first on Meyers Brothers Kalicka. Fri, 21 Dec 2018 15:21:00 GMT https://www.mbkcpa.com/2018-year-end-tax-planning-guide News & Events thumbnail main image https://www.mbkcpa.com/ho-ho-ho-mbk-collects-toys-for-square-one Ho Ho Ho!!!! Santa Clause is coming to town…. at Square One!  This Christmas, Santa will... The post Ho Ho Ho!!! MBK Collects Toys for Square One appeared first on Meyers Brothers Kalicka. Fri, 14 Dec 2018 21:18:00 GMT https://www.mbkcpa.com/ho-ho-ho-mbk-collects-toys-for-square-one News & Events thumbnail main image https://www.mbkcpa.com/is-a-vacation-home-tax-deductible Owning a Vacation Home Requires Tax Planning A vacation home can be many things to different... The post Is a Vacation Home Tax Deductible? appeared first on Meyers Brothers Kalicka. Wed, 12 Dec 2018 13:48:00 GMT https://www.mbkcpa.com/is-a-vacation-home-tax-deductible News & Events thumbnail main image https://www.mbkcpa.com/tax-tips-7 Employers can use 401(k) plans to help employees pay student loans In a recent private letter... The post Tax Tips appeared first on Meyers Brothers Kalicka. Tue, 11 Dec 2018 20:43:00 GMT https://www.mbkcpa.com/tax-tips-7 News & Events thumbnail main image https://www.mbkcpa.com/bdit-lets-you-give-away-property-without-losing-control By temporarily doubling the gift and estate tax exemption, the Tax Cuts and Jobs Act (TCJA)... The post BDIT Lets You Give Away Property Without Losing Control appeared first on Meyers Brothers Kalicka. Tue, 11 Dec 2018 20:16:00 GMT https://www.mbkcpa.com/bdit-lets-you-give-away-property-without-losing-control News & Events thumbnail main image https://www.mbkcpa.com/are-your-business-interest-expenses-deductible Before Congress passed the Tax Cuts and Jobs Act (TCJA), most business-related interest expense was deductible,... The post Are Your Business Interest Expenses Deductible? appeared first on Meyers Brothers Kalicka. Tue, 11 Dec 2018 20:01:00 GMT https://www.mbkcpa.com/are-your-business-interest-expenses-deductible News & Events thumbnail main image https://www.mbkcpa.com/mbk-team-supports-festival-of-trees Today, and throughout much of this holiday season, team members from MBK will be supporting the... The post MBK Team Supports Festival of Trees! appeared first on Meyers Brothers Kalicka. Fri, 30 Nov 2018 21:30:00 GMT https://www.mbkcpa.com/mbk-team-supports-festival-of-trees News & Events thumbnail main image https://www.mbkcpa.com/mbk-particpates-in-the-first-annual-mscpa-western-ma-bowling-tournament An all-star team from MBK faced off against other accounting firms in the area in the... The post MBK Particpates in the first annual MSCPA Western MA Bowling Tournament appeared first on Meyers Brothers Kalicka. Fri, 09 Nov 2018 16:03:00 GMT https://www.mbkcpa.com/mbk-particpates-in-the-first-annual-mscpa-western-ma-bowling-tournament News & Events thumbnail main image https://www.mbkcpa.com/five-changes-from-the-tax-act-you-need-to-know For better or worse, the Tax Cuts and Jobs Act was the most significant tax-law overhaul since the... The post Five Changes From the Tax Act You Need to Know appeared first on Meyers Brothers Kalicka. Wed, 17 Oct 2018 14:38:00 GMT https://www.mbkcpa.com/five-changes-from-the-tax-act-you-need-to-know Taxation thumbnail main image https://www.mbkcpa.com/mbk-welcomes-lisa-white-cpa Meyers Brothers Kalicka, P.C. recently welcomed Lisa White, CPA as its newest tax manager. White comes... The post MBK Welcomes Lisa White, CPA appeared first on Meyers Brothers Kalicka. Wed, 17 Oct 2018 14:32:00 GMT https://www.mbkcpa.com/mbk-welcomes-lisa-white-cpa News & Events thumbnail main image https://www.mbkcpa.com/giving-some-insight-income-tax-benefits-from-charitable-contributions-after-the-tcja For those who regularly make charitable contributions, changing philanthropic giving habits may result in greater tax benefits. This article will explore various strategies for maximizing the tax benefit of charitable giving under the new law. Fri, 21 Sep 2018 19:17:00 GMT https://www.mbkcpa.com/giving-some-insight-income-tax-benefits-from-charitable-contributions-after-the-tcja Non-Profit thumbnail main image https://www.mbkcpa.com/investing-in-your-business-still-a-powerful-year-end-tax-planning-strategy With the end of the year rapidly approaching, many business owners are wondering what they can... The post Investing In Your Business Still A Powerful Year-End Tax Planning Strategy appeared first on Meyers Brothers Kalicka. Tue, 18 Sep 2018 20:02:00 GMT https://www.mbkcpa.com/investing-in-your-business-still-a-powerful-year-end-tax-planning-strategy Business thumbnail main image https://www.mbkcpa.com/the-pros-and-cons-of-a-roth-ira-conversion Most people know that Roth IRAs offer some important tax advantages over traditional IRAs. For example,... The post The Pros And Cons Of A Roth IRA Conversion appeared first on Meyers Brothers Kalicka. Tue, 18 Sep 2018 19:54:00 GMT https://www.mbkcpa.com/the-pros-and-cons-of-a-roth-ira-conversion Business thumbnail main image https://www.mbkcpa.com/how-tcja-changes-to-employee-benefits-will-affect-your-business The Tax Cuts and Jobs Act (TCJA) mandates multiple changes to the tax treatment of employee... The post How TCJA Changes To Employee Benefits Will Affect Your Business appeared first on Meyers Brothers Kalicka. Tue, 18 Sep 2018 19:45:00 GMT https://www.mbkcpa.com/how-tcja-changes-to-employee-benefits-will-affect-your-business Business thumbnail main image https://www.mbkcpa.com/year-end-planning-for-the-new-rules-on-deductions The sweeping Tax Cuts and Jobs Act (TCJA) makes many significant changes that will impact your... The post Year-End Planning For The New Rules On Deductions appeared first on Meyers Brothers Kalicka. Tue, 18 Sep 2018 19:37:00 GMT https://www.mbkcpa.com/year-end-planning-for-the-new-rules-on-deductions Business thumbnail main image https://www.mbkcpa.com/tax-tips-6 Yes, home equity loan interest may still be deductible The Tax Cuts and Jobs Act (TCJA)... The post Tax Tips appeared first on Meyers Brothers Kalicka. Wed, 15 Aug 2018 14:01:00 GMT https://www.mbkcpa.com/tax-tips-6 Taxation thumbnail main image https://www.mbkcpa.com/ease-new-itemized-deduction-limitations-using-a-nongrantor-trust Record-high exemption amounts mean that fewer families are affected by gift, estate and generation-skipping transfer (GST)... The post Ease New Itemized Deduction Limitations Using A Nongrantor Trust appeared first on Meyers Brothers Kalicka. Wed, 15 Aug 2018 13:56:00 GMT https://www.mbkcpa.com/ease-new-itemized-deduction-limitations-using-a-nongrantor-trust Taxation thumbnail main image https://www.mbkcpa.com/know-your-tax-obligations-before-hiring-household-help There are several reasons for hiring household help, including child or elder care or general cleaning... The post Know Your Tax Obligations Before Hiring Household Help appeared first on Meyers Brothers Kalicka. Wed, 15 Aug 2018 13:49:00 GMT https://www.mbkcpa.com/know-your-tax-obligations-before-hiring-household-help Taxation thumbnail main image https://www.mbkcpa.com/are-llc-members-subject-to-self-employment-tax Ambiguity in the tax code and regulations has led many limited liability company (LLC) members to... The post Are LLC Members Subject To Self-Employment Tax? appeared first on Meyers Brothers Kalicka. Tue, 14 Aug 2018 20:40:00 GMT https://www.mbkcpa.com/are-llc-members-subject-to-self-employment-tax Taxation thumbnail main image https://www.mbkcpa.com/newsbits-3 Nonprofits largely lack succession plans A new study raises a big red flag for nonprofits. Researchers... The post Newsbits appeared first on Meyers Brothers Kalicka. Tue, 14 Aug 2018 20:36:00 GMT https://www.mbkcpa.com/newsbits-3 Non-Profit thumbnail main image https://www.mbkcpa.com/protect-your-volunteers-from-liabilities For many nonprofits, their volunteers rank among their most valuable assets. These individuals contribute critical services,... The post Protect Your Volunteers From Liabilities appeared first on Meyers Brothers Kalicka. Tue, 14 Aug 2018 20:29:00 GMT https://www.mbkcpa.com/protect-your-volunteers-from-liabilities Non-Profit thumbnail main image https://www.mbkcpa.com/corporate-sponsorships-do-you-know-how-to-avoid-ubit Finding a corporate sponsor to bankroll all or part of your nonprofit’s special event isn’t easy... The post Corporate Sponsorships: Do You Know How To Avoid UBIT? appeared first on Meyers Brothers Kalicka. Tue, 14 Aug 2018 20:24:00 GMT https://www.mbkcpa.com/corporate-sponsorships-do-you-know-how-to-avoid-ubit Non-Profit thumbnail main image https://www.mbkcpa.com/strategies-for-maintaining-or-growing-donations-under-the-new-tax-law When the economy improves, nonprofits typically find that donations also grow. But the latest economic swing... The post Strategies For Maintaining — Or Growing — Donations Under The New Tax Law appeared first on Meyers Brothers Kalicka. Tue, 14 Aug 2018 20:15:00 GMT https://www.mbkcpa.com/strategies-for-maintaining-or-growing-donations-under-the-new-tax-law Non-Profit thumbnail main image https://www.mbkcpa.com/congratulations-to-the-westfield-little-league-softball-team On Saturday, July 21st, our very own Jim Krupienski coached the Westfield Little League Girls 10U... The post Congratulations to the Westfield Little League Softball Team!!! appeared first on Meyers Brothers Kalicka. Tue, 24 Jul 2018 20:48:00 GMT https://www.mbkcpa.com/congratulations-to-the-westfield-little-league-softball-team News & Events thumbnail main image https://www.mbkcpa.com/how-to-prepare-your-business-for-a-natural-disaster In 2017, the U.S. experienced 16 weather disasters that caused losses topping $1 billion each, according... The post How To Prepare Your Business For A Natural Disaster appeared first on Meyers Brothers Kalicka. Mon, 18 Jun 2018 17:02:00 GMT https://www.mbkcpa.com/how-to-prepare-your-business-for-a-natural-disaster Business thumbnail main image https://www.mbkcpa.com/what-happens-to-taxes-in-the-gig-economy Maybe you drive for a ride-sharing app, freelance or have a one-person home repair business. If... The post What Happens To Taxes In The Gig Economy? appeared first on Meyers Brothers Kalicka. Mon, 18 Jun 2018 16:55:00 GMT https://www.mbkcpa.com/what-happens-to-taxes-in-the-gig-economy Business thumbnail main image https://www.mbkcpa.com/trust-in-a-trust-to-keep-assets-secure Whether the economic climate is stable or volatile, one thing never changes: the need to protect... The post Trust In A Trust To Keep Assets Secure appeared first on Meyers Brothers Kalicka. Mon, 18 Jun 2018 16:47:00 GMT https://www.mbkcpa.com/trust-in-a-trust-to-keep-assets-secure Business thumbnail main image https://www.mbkcpa.com/new-tcja-tax-break-may-benefit-your-small-business-pass-through If your small business operates as a pass-through entity, you may benefit from significant tax savings... The post New TCJA Tax Break May Benefit Your Small Business Pass-Through appeared first on Meyers Brothers Kalicka. Mon, 18 Jun 2018 16:29:00 GMT https://www.mbkcpa.com/new-tcja-tax-break-may-benefit-your-small-business-pass-through Business thumbnail main image https://www.mbkcpa.com/tax-tips-5 Make the most of the 0% capital gains rate If you’re holding highly appreciated investments, there... The post Tax Tips appeared first on Meyers Brothers Kalicka. Mon, 11 Jun 2018 16:03:00 GMT https://www.mbkcpa.com/tax-tips-5 Taxation thumbnail main image https://www.mbkcpa.com/putting-the-brakes-on-spending-add-spendthrift-language-to-a-trust-to-protect-assets Despite its name, the purpose of a spendthrift trust isn’t just to protect profligate heirs from... The post Putting The Brakes On Spending: Add Spendthrift Language To A Trust To Protect Assets appeared first on Meyers Brothers Kalicka. Mon, 11 Jun 2018 15:57:00 GMT https://www.mbkcpa.com/putting-the-brakes-on-spending-add-spendthrift-language-to-a-trust-to-protect-assets Taxation thumbnail main image https://www.mbkcpa.com/tax-cost-of-divorce-set-to-rise-in-2019 If you’re divorced or in the process of divorcing, be sure you understand how the Tax... The post Tax Cost Of Divorce Set To Rise In 2019 appeared first on Meyers Brothers Kalicka. Mon, 11 Jun 2018 15:49:00 GMT https://www.mbkcpa.com/tax-cost-of-divorce-set-to-rise-in-2019 Taxation thumbnail main image https://www.mbkcpa.com/c-corporation-vs-pass-through-whats-the-right-structure-for-your-business The recent corporate tax cut has many pass-through business owners rethinking their choice of entity. The... The post C Corporation Vs. Pass-Through: What’s The Right Structure For Your Business? appeared first on Meyers Brothers Kalicka. Mon, 11 Jun 2018 15:40:00 GMT https://www.mbkcpa.com/c-corporation-vs-pass-through-whats-the-right-structure-for-your-business Business thumbnail main image https://www.mbkcpa.com/newsbits-2 Giving study yields disappointing results A new study based on data gathered over 15 years from... The post Newsbits appeared first on Meyers Brothers Kalicka. Fri, 18 May 2018 15:08:00 GMT https://www.mbkcpa.com/newsbits-2 Non-Profit thumbnail main image https://www.mbkcpa.com/raffles-follow-the-rules-of-the-game If your organization anticipates raising big amounts with a raffle at your next fundraising event, you... The post Raffles: Follow The Rules Of The Game appeared first on Meyers Brothers Kalicka. Fri, 18 May 2018 15:02:00 GMT https://www.mbkcpa.com/raffles-follow-the-rules-of-the-game Non-Profit thumbnail main image https://www.mbkcpa.com/getting-the-most-from-your-social-media-use It may seem hard to believe in today’s hyper-connected world, but some nonprofits still don’t have... The post Getting The Most From Your Social Media Use appeared first on Meyers Brothers Kalicka. Fri, 18 May 2018 14:52:00 GMT https://www.mbkcpa.com/getting-the-most-from-your-social-media-use Non-Profit thumbnail main image https://www.mbkcpa.com/will-the-tcja-make-your-ubit-jump As the new tax bill worked its way through Congress last fall, nonprofits across the country... The post Will The TCJA Make Your UBIT Jump? appeared first on Meyers Brothers Kalicka. Fri, 18 May 2018 14:45:00 GMT https://www.mbkcpa.com/will-the-tcja-make-your-ubit-jump Non-Profit thumbnail main image https://www.mbkcpa.com/use-gaap-new-revenue-recognition-standards-may-apply The Financial Accounting Standards Board’s (FASB’s) new revenue recognition standards, more formally known as the Accounting... The post Use GAAP? New Revenue Recognition Standards May Apply appeared first on Meyers Brothers Kalicka. Fri, 04 May 2018 19:35:00 GMT https://www.mbkcpa.com/use-gaap-new-revenue-recognition-standards-may-apply Business thumbnail main image https://www.mbkcpa.com/make-the-most-of-ira-contributions-and-deductions Would you like to both boost your retirement savings and cut your tax bill for 2018?... The post Make the Most of IRA Contributions and Deductions appeared first on Meyers Brothers Kalicka. Fri, 04 May 2018 19:30:00 GMT https://www.mbkcpa.com/make-the-most-of-ira-contributions-and-deductions Business thumbnail main image https://www.mbkcpa.com/independent-or-employed-understanding-the-ins-and-outs-of-employee-classification With the rise of independent contractors in the new, shared economy, distinctions between employees and contractors... The post Independent or Employed? Understanding the Ins and Outs of Employee Classification appeared first on Meyers Brothers Kalicka. Fri, 04 May 2018 19:24:00 GMT https://www.mbkcpa.com/independent-or-employed-understanding-the-ins-and-outs-of-employee-classification Business thumbnail main image https://www.mbkcpa.com/saving-for-education-expenses-the-tax-cuts-and-jobs-act-changes-some-benefits If you have children in private or religious elementary or secondary schools, or are saving to... The post Saving for Education Expenses: The Tax Cuts and Jobs Act Changes Some Benefits appeared first on Meyers Brothers Kalicka. Fri, 04 May 2018 19:19:00 GMT https://www.mbkcpa.com/saving-for-education-expenses-the-tax-cuts-and-jobs-act-changes-some-benefits Business thumbnail main image https://www.mbkcpa.com/tax-tips-4 Alimony deduction is coming to an end The Tax Cuts and Jobs Act (TCJA) eliminates the... The post Tax Tips appeared first on Meyers Brothers Kalicka. Fri, 04 May 2018 19:11:00 GMT https://www.mbkcpa.com/tax-tips-4 Taxation thumbnail main image https://www.mbkcpa.com/gain-flexibility-with-a-self-directed-ira Traditional and Roth IRAs are considered relatively “safe” retirement-savings vehicles, but a drawback to them is... The post Gain Flexibility with a Self-Directed IRA appeared first on Meyers Brothers Kalicka. Fri, 04 May 2018 19:05:00 GMT https://www.mbkcpa.com/gain-flexibility-with-a-self-directed-ira Taxation thumbnail main image https://www.mbkcpa.com/are-you-personally-liable-for-your-companys-payroll-taxes When a business fails to remit payroll taxes, the IRS has the authority to collect those... The post Are You Personally Liable For Your Company’s Payroll Taxes? appeared first on Meyers Brothers Kalicka. Fri, 04 May 2018 18:58:00 GMT https://www.mbkcpa.com/are-you-personally-liable-for-your-companys-payroll-taxes Taxation thumbnail main image https://www.mbkcpa.com/the-price-of-giving-tax-reforms-impact-on-charitable-donations If you make substantial donations to charity, it’s important to evaluate the impact of the Tax... The post The Price of Giving: Tax Reform’s Impact on Charitable Donations appeared first on Meyers Brothers Kalicka. Fri, 04 May 2018 18:51:00 GMT https://www.mbkcpa.com/the-price-of-giving-tax-reforms-impact-on-charitable-donations Taxation thumbnail main image https://www.mbkcpa.com/mbk-raises-over-1000-in-7th-annual-rally-for-the-jimmy-fund Meyers Brothers Kalicka, P.C. is proud to announce that on Thursday, April 5th, employees and partners... The post MBK Raises over $1,000 in 7th Annual Rally for the Jimmy Fund appeared first on Meyers Brothers Kalicka. Thu, 05 Apr 2018 16:46:00 GMT https://www.mbkcpa.com/mbk-raises-over-1000-in-7th-annual-rally-for-the-jimmy-fund News & Events thumbnail main image https://www.mbkcpa.com/7-steps-preventing-elder-financial-abuse Older adults can be particularly vulnerable to financial exploitation. Many have assets that make them a... The post 7 Steps For Preventing Elder Financial Abuse appeared first on Meyers Brothers Kalicka. Thu, 01 Mar 2018 21:59:00 GMT https://www.mbkcpa.com/7-steps-preventing-elder-financial-abuse Business thumbnail main image https://www.mbkcpa.com/how-can-an-advisory-board-help-your-family-business A family business can produce income and provide economic security for your family. Often several family... The post Advise And Consent: How Can An Advisory Board Help Your Family Business? appeared first on Meyers Brothers Kalicka. Thu, 01 Mar 2018 21:50:00 GMT https://www.mbkcpa.com/how-can-an-advisory-board-help-your-family-business Business thumbnail main image https://www.mbkcpa.com/fsas-hras-hsas-health-care-plans While tax-advantaged health care plans won’t make getting sick any easier, they can ease the sting... The post FSAs, HRAs, HSAs: The Alphabet Soup Of Health Care Plans appeared first on Meyers Brothers Kalicka. Thu, 01 Mar 2018 21:39:00 GMT https://www.mbkcpa.com/fsas-hras-hsas-health-care-plans Business thumbnail main image https://www.mbkcpa.com/understanding-asset-depreciation-and-tax-breaks The cost of business assets with a useful life of more than one year generally can’t... The post Understanding Asset Depreciation And Tax Breaks appeared first on Meyers Brothers Kalicka. Thu, 01 Mar 2018 21:31:00 GMT https://www.mbkcpa.com/understanding-asset-depreciation-and-tax-breaks Business thumbnail main image https://www.mbkcpa.com/newsbits Many nonprofits are poised to grow, but recognize risks More than three-quarters of nonprofits are at... The post Newsbits appeared first on Meyers Brothers Kalicka. Thu, 01 Mar 2018 21:22:00 GMT https://www.mbkcpa.com/newsbits Non-Profit thumbnail main image https://www.mbkcpa.com/avoid-4-common-finance-function-mistakes Most nonprofits are understandably laser-focused on their mission, and other, seemingly less-critical matters may fall between... The post Oops, We Did It Again! Avoid These 4 Common Finance-Function Mistakes appeared first on Meyers Brothers Kalicka. Thu, 01 Mar 2018 21:13:00 GMT https://www.mbkcpa.com/avoid-4-common-finance-function-mistakes Non-Profit thumbnail main image https://www.mbkcpa.com/shared-space-consider-teaming-up Nonprofits nationwide are increasingly considering shared workspace arrangements to lower rising facility costs. These arrangements are... The post Shared Space: What To Consider Before Teaming Up appeared first on Meyers Brothers Kalicka. Thu, 01 Mar 2018 21:00:00 GMT https://www.mbkcpa.com/shared-space-consider-teaming-up Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofits-get-new-tax-rules When President Trump signed the massive federal income tax overhaul into law on December 22, 2017,... The post Nonprofits Get A Bag Of New Rules From Tax Overhaul appeared first on Meyers Brothers Kalicka. Thu, 01 Mar 2018 20:46:00 GMT https://www.mbkcpa.com/nonprofits-get-new-tax-rules Non-Profit thumbnail main image https://www.mbkcpa.com/tax-tips-3 Calendar tax year or fiscal tax year? Many businesses use the calendar year for tax-filing purposes,... The post Tax Tips appeared first on Meyers Brothers Kalicka. Mon, 05 Feb 2018 21:36:00 GMT https://www.mbkcpa.com/tax-tips-3 Taxation thumbnail main image https://www.mbkcpa.com/breathe-new-life-trust-decanting The term “decanting” typically is associated with wine — pouring it from one bottle into another... The post Breathe new life into a trust by “decanting” it appeared first on Meyers Brothers Kalicka. Mon, 05 Feb 2018 21:32:00 GMT https://www.mbkcpa.com/breathe-new-life-trust-decanting Taxation thumbnail main image https://www.mbkcpa.com/identity-theft-and-your-tax-return Tax returns are a prime target for identity thieves. After all, the IRS processes more than... The post Identity theft and your tax returns: How to protect yourself appeared first on Meyers Brothers Kalicka. Mon, 05 Feb 2018 21:25:00 GMT https://www.mbkcpa.com/identity-theft-and-your-tax-return Taxation thumbnail main image https://www.mbkcpa.com/tcja-how-will-it-affect-your-tax-bill At the end of 2017, the most sweeping tax reform legislation in decades was signed into... The post The Tax Cuts and Jobs Act How will it affect your tax bill? appeared first on Meyers Brothers Kalicka. Mon, 05 Feb 2018 21:17:00 GMT https://www.mbkcpa.com/tcja-how-will-it-affect-your-tax-bill Taxation thumbnail main image https://www.mbkcpa.com/search-insight-five-great-interview-questions-hiring-practice By John Veit Hiring candidates who are a perfect fit for your healthcare practice is hard.... The post In Search of Insight – Five Great Interview Questions When Hiring for Your Practice appeared first on Meyers Brothers Kalicka. Mon, 05 Feb 2018 21:00:00 GMT https://www.mbkcpa.com/search-insight-five-great-interview-questions-hiring-practice Business thumbnail main image https://www.mbkcpa.com/preventive-strategies-cybersecurity-guidelines-businesses Cybercrime — criminal activity that occurs through computer technology or the Internet — often involves theft... The post Preventive strategies: Cybersecurity guidelines for businesses appeared first on Meyers Brothers Kalicka. Mon, 05 Feb 2018 20:52:00 GMT https://www.mbkcpa.com/preventive-strategies-cybersecurity-guidelines-businesses Business thumbnail main image https://www.mbkcpa.com/claiming-parent-dependent If you provide care for a parent or relative, you’re probably aware that, while caregiving can... The post Claiming your parent as a dependent appeared first on Meyers Brothers Kalicka. Mon, 05 Feb 2018 20:44:00 GMT https://www.mbkcpa.com/claiming-parent-dependent Business thumbnail main image https://www.mbkcpa.com/businesses-bottom-lines-benefit-new-tax-law The December 2017 passage of the largest overhaul of the federal income tax system since 1986... The post Businesses’ bottom lines to benefit from new tax law appeared first on Meyers Brothers Kalicka. Mon, 05 Feb 2018 20:34:00 GMT https://www.mbkcpa.com/businesses-bottom-lines-benefit-new-tax-law Business thumbnail main image https://www.mbkcpa.com/new-tax-law-will-affect-individual-taxpayers The Tax Cuts and Jobs Act (TCJA), which was signed into law on December 22, 2017,... The post The new tax law: How will it affect individual taxpayers? appeared first on Meyers Brothers Kalicka. Mon, 05 Feb 2018 20:27:00 GMT https://www.mbkcpa.com/new-tax-law-will-affect-individual-taxpayers Business thumbnail main image https://www.mbkcpa.com/tax-cuts-and-job-act-highlights-what-you-need-to-know-for-2018 The recently enacted Tax Cuts and Jobs Act is a sweeping tax package. Here’s an overview... The post Tax Cuts and Jobs Act Highlights: What You Need to Know for 2018 appeared first on Meyers Brothers Kalicka. Wed, 10 Jan 2018 22:24:00 GMT https://www.mbkcpa.com/tax-cuts-and-job-act-highlights-what-you-need-to-know-for-2018 Business thumbnail main image https://www.mbkcpa.com/healthy-perspectives-september-2017-2 The financial environment of the private practice is more complicated than ever and practice management is made even more complicated by administrative and medical staff management issues, non-stop changes in billing and reporting, and here in Western Massachusetts, the trend of many medium and large practices being purchased by area hospitals. Tue, 19 Dec 2017 16:00:00 GMT https://www.mbkcpa.com/healthy-perspectives-september-2017-2 Healthcare thumbnail main image https://www.mbkcpa.com/2017-tax-reform-bill-need-know-now by David A. Kalicka, CPA, MST The House and Senate have passed the most comprehensive overhaul... The post 2017 Tax Reform Bill: What You Need to Know Now appeared first on Meyers Brothers Kalicka. Fri, 15 Dec 2017 19:18:00 GMT https://www.mbkcpa.com/2017-tax-reform-bill-need-know-now Taxation thumbnail main image https://www.mbkcpa.com/tax-tips-2 File early, but not too early If you’re expecting a tax refund from the IRS, there... The post Tax Tips appeared first on Meyers Brothers Kalicka. Fri, 15 Dec 2017 17:18:00 GMT https://www.mbkcpa.com/tax-tips-2 Taxation thumbnail main image https://www.mbkcpa.com/higher-education-is-expensive When it comes to saving for college, parents and grandparents often turn to one of the... The post Higher education is expensive! Begin saving the tax-smart way with a Section 529 plan appeared first on Meyers Brothers Kalicka. Fri, 15 Dec 2017 17:13:00 GMT https://www.mbkcpa.com/higher-education-is-expensive Taxation thumbnail main image https://www.mbkcpa.com/tax-planning-income-vs-growth Whether you invest for income (dividends and interest), growth (price appreciation) or total return (a combination... The post Tax planning for investors: Income vs. growth appeared first on Meyers Brothers Kalicka. Fri, 15 Dec 2017 16:53:00 GMT https://www.mbkcpa.com/tax-planning-income-vs-growth Taxation thumbnail main image https://www.mbkcpa.com/are-bad-debts-deductible If you hold a business-related debt that’s become worthless or uncollectible, a “bad debt” deduction may... The post Are bad business debts deductible? appeared first on Meyers Brothers Kalicka. Fri, 15 Dec 2017 16:46:00 GMT https://www.mbkcpa.com/are-bad-debts-deductible Taxation thumbnail main image https://www.mbkcpa.com/tax-benefits-accommodate-disabilities By accommodating individuals with disabilities, your business is not only doing what’s right — it may... The post Tax benefits for organizations that accommodate individuals with disabilities appeared first on Meyers Brothers Kalicka. Thu, 14 Dec 2017 21:14:00 GMT https://www.mbkcpa.com/tax-benefits-accommodate-disabilities Business thumbnail main image https://www.mbkcpa.com/make-most-of-contribution-plan Most of us will depend on defined contribution plans, such as 401(k) or 403(b) plans, to... The post How to make the most of your defined contribution plan appeared first on Meyers Brothers Kalicka. Thu, 14 Dec 2017 21:05:00 GMT https://www.mbkcpa.com/make-most-of-contribution-plan Business thumbnail main image https://www.mbkcpa.com/the-enemy-within-prevent-employee-fraud Occupational, or employee, fraud is an ongoing hazard to businesses’ bottom lines. It can take several... The post The enemy within – How can you prevent employee fraud? appeared first on Meyers Brothers Kalicka. Thu, 14 Dec 2017 20:55:00 GMT https://www.mbkcpa.com/the-enemy-within-prevent-employee-fraud Business thumbnail main image https://www.mbkcpa.com/turn-over-a-new-leaf Across cultures, the beginning of a new year is a time for fresh starts and self-improvement.... The post Turn over a new leaf – 6 financial planning steps for the new year appeared first on Meyers Brothers Kalicka. Thu, 14 Dec 2017 20:45:00 GMT https://www.mbkcpa.com/turn-over-a-new-leaf Business thumbnail main image https://www.mbkcpa.com/nonprofit-newsbits Nonprofits need to appeal to donors’ self-images Charitable appeals should take into account prospective donors’ self-concepts,... The post Newsbits appeared first on Meyers Brothers Kalicka. Tue, 14 Nov 2017 17:36:00 GMT https://www.mbkcpa.com/nonprofit-newsbits Non-Profit thumbnail main image https://www.mbkcpa.com/board-members-independent Nonprofits must state on their IRS Forms 990 the number of independent voting members on their... The post Are your board members independent? appeared first on Meyers Brothers Kalicka. Tue, 14 Nov 2017 17:28:00 GMT https://www.mbkcpa.com/board-members-independent Non-Profit thumbnail main image https://www.mbkcpa.com/all-eyes-on-performance How to make data analytics work for you Your nonprofit is accountable to many constituents, including... The post All eyes on performance appeared first on Meyers Brothers Kalicka. Tue, 14 Nov 2017 17:17:00 GMT https://www.mbkcpa.com/all-eyes-on-performance Non-Profit thumbnail main image https://www.mbkcpa.com/deciding-whether-you-need-cfo Nonprofits typically work hard to make the world a better place in one way or another.... The post Do the math: Deciding whether you need a CFO appeared first on Meyers Brothers Kalicka. Tue, 14 Nov 2017 17:06:00 GMT https://www.mbkcpa.com/deciding-whether-you-need-cfo Non-Profit thumbnail main image https://www.mbkcpa.com/tax-tactics-winter-2017-3 For growing companies, equity-based compensation is a powerful tool for attracting and retaining executives and other... The post Restricted stock: Should you pay tax now or later? appeared first on Meyers Brothers Kalicka. Wed, 01 Nov 2017 16:30:00 GMT https://www.mbkcpa.com/tax-tactics-winter-2017-3 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-winter-2017-1 If your business dedicates resources to creating or improving products, processes or software, it may be... The post How to claim research payroll tax credits appeared first on Meyers Brothers Kalicka. Wed, 01 Nov 2017 16:30:00 GMT https://www.mbkcpa.com/tax-tactics-winter-2017-1 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-winter-2017-4 Year-end planning for mutual funds If you’ve sold mutual fund shares at a gain during the... The post Tax Tips appeared first on Meyers Brothers Kalicka. Wed, 01 Nov 2017 16:30:00 GMT https://www.mbkcpa.com/tax-tactics-winter-2017-4 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-winter-2017-2 What you need to know about filing gift and estate tax returns Have you made substantial... The post To file or not to file appeared first on Meyers Brothers Kalicka. Wed, 01 Nov 2017 16:30:00 GMT https://www.mbkcpa.com/tax-tactics-winter-2017-2 Taxation thumbnail main image https://www.mbkcpa.com/business-see-november-2017-4 Small business owners and self-employed individuals who need to resolve factual or legal issues between themselves... The post Fast track helps small businesses resolve IRS issues quickly appeared first on Meyers Brothers Kalicka. Fri, 29 Sep 2017 20:00:00 GMT https://www.mbkcpa.com/business-see-november-2017-4 Business thumbnail main image https://www.mbkcpa.com/business-see-november-2017-3 It depends on the state The 50 states and the District of Columbia impose different rates... The post What’s the state of your state taxes? appeared first on Meyers Brothers Kalicka. Fri, 29 Sep 2017 19:54:00 GMT https://www.mbkcpa.com/business-see-november-2017-3 Business thumbnail main image https://www.mbkcpa.com/business-see-november-2017-2 Most people with children take into account the financial implications of their care — for instance, they... The post Tax issues can affect kids, too appeared first on Meyers Brothers Kalicka. Fri, 29 Sep 2017 19:47:00 GMT https://www.mbkcpa.com/business-see-november-2017-2 Business thumbnail main image https://www.mbkcpa.com/business-see-november-2017-1 If your business offers a retirement plan, you can benefit in multiple ways. For example, the... The post Attract qualified employees with a retirement plan appeared first on Meyers Brothers Kalicka. Fri, 29 Sep 2017 19:36:00 GMT https://www.mbkcpa.com/business-see-november-2017-1 Business thumbnail main image https://www.mbkcpa.com/tax-tactics-fall-2017-4 Tax Tips Home sale exclusion: Unexpected birth is “unforeseen circumstance” The unexpected birth of a child... The post Tax Tactics Fall 2017 appeared first on Meyers Brothers Kalicka. Wed, 20 Sep 2017 14:56:00 GMT https://www.mbkcpa.com/tax-tactics-fall-2017-4 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-fall-2017-3 Building an on-off switch into your estate plan When planning your estate, there can be tension... The post Tax Tactics Fall 2017 appeared first on Meyers Brothers Kalicka. Wed, 20 Sep 2017 14:51:00 GMT https://www.mbkcpa.com/tax-tactics-fall-2017-3 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-fall-2017-2 2 homes in different states may result in multistate taxation Because Kyle often travels between two... The post Tax Tactics Fall 2017 appeared first on Meyers Brothers Kalicka. Wed, 20 Sep 2017 14:45:00 GMT https://www.mbkcpa.com/tax-tactics-fall-2017-2 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-fall-2017-1 Cash vs. accrual Are you using the right accounting method? Which accounting method should your business... The post Tax Tactics Fall 2017 appeared first on Meyers Brothers Kalicka. Wed, 20 Sep 2017 14:40:00 GMT https://www.mbkcpa.com/tax-tactics-fall-2017-1 Taxation thumbnail main image https://www.mbkcpa.com/nonprofitability-september-2017-4 Newsbits Study shows digital revenue on the rise Online nonprofit revenue in 2016 grew by 14%,... The post Nonprofitability September 2017 appeared first on Meyers Brothers Kalicka. Wed, 20 Sep 2017 13:36:00 GMT https://www.mbkcpa.com/nonprofitability-september-2017-4 Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofitability-september-2017-3 Make the most of your fundraising by measuring ROI Donors and other stakeholders continue to look... The post Nonprofitability September 2017 appeared first on Meyers Brothers Kalicka. Wed, 20 Sep 2017 13:33:00 GMT https://www.mbkcpa.com/nonprofitability-september-2017-3 Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofitability-september-2017-2 Is board member compensation a good idea? Overheard in a nonprofit’s office: “It’s so hard to... The post Nonprofitability September 2017 appeared first on Meyers Brothers Kalicka. Wed, 20 Sep 2017 13:27:00 GMT https://www.mbkcpa.com/nonprofitability-september-2017-2 Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofitability-september-2017-1 All charitable deductions aren’t created equal With the end of the year on the horizon, your... The post Nonprofitability September 2017 appeared first on Meyers Brothers Kalicka. Wed, 20 Sep 2017 13:24:00 GMT https://www.mbkcpa.com/nonprofitability-september-2017-1 Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofitability-november-2017 When the Financial Accounting Standards Board’s (FASB’s) new revenue recognition standard was released in 2014, it... The post When Should You Report Grant and Contribution Revenues? appeared first on Meyers Brothers Kalicka. Wed, 20 Sep 2017 09:00:00 GMT https://www.mbkcpa.com/nonprofitability-november-2017 Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofitability-november-2017-3 Whistleblower policies encourage staff, volunteers and others to discreetly provide credible information on illegal practices or... The post 8 Tips for Writing, or Revising, a Whistleblower Policy appeared first on Meyers Brothers Kalicka. Wed, 20 Sep 2017 09:00:00 GMT https://www.mbkcpa.com/nonprofitability-november-2017-3 Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofitability-november-2017-2 How Nonprofit Leaders Can Keep Learning on the Job Whether an executive on staff or a... The post Reframing appeared first on Meyers Brothers Kalicka. Wed, 20 Sep 2017 09:00:00 GMT https://www.mbkcpa.com/nonprofitability-november-2017-2 Non-Profit thumbnail main image https://www.mbkcpa.com/october-b-2017-business-as-we-see-it-3 What are the Tax Implications of Hiring Household Help? There’s no doubt that hiring someone to... The post Business As We See It October (B) 2017 appeared first on Meyers Brothers Kalicka. Tue, 19 Sep 2017 16:00:00 GMT https://www.mbkcpa.com/october-b-2017-business-as-we-see-it-3 Business thumbnail main image https://www.mbkcpa.com/october-b-2017-business-as-we-see-it 7 Tactics for Boosting Your Bottom Line Business owners and executives have two levers to choose... The post Business As We See It October (B) 2017 appeared first on Meyers Brothers Kalicka. Tue, 19 Sep 2017 16:00:00 GMT https://www.mbkcpa.com/october-b-2017-business-as-we-see-it Business thumbnail main image https://www.mbkcpa.com/october-b-2017-business-as-we-see-it-2 Be Prepared for Long-Term Care As we fly through our busy lives, the future is an... The post Business As We See It October (B) 2017 appeared first on Meyers Brothers Kalicka. Tue, 19 Sep 2017 16:00:00 GMT https://www.mbkcpa.com/october-b-2017-business-as-we-see-it-2 Business thumbnail main image https://www.mbkcpa.com/october-b-2017-business-as-we-see-it-4 The Ins and Outs of W-2 Phishing Scams A growing number of businesses have been victimized... The post Business As We See It October (B) 2017 appeared first on Meyers Brothers Kalicka. Tue, 19 Sep 2017 12:30:00 GMT https://www.mbkcpa.com/october-b-2017-business-as-we-see-it-4 Business thumbnail main image https://www.mbkcpa.com/business-as-we-see-it-october-a-2017 Ready, Set — Grow! More than four in five business owners responding to the 2016 Annual... The post Business As We See It October (A) 2017 appeared first on Meyers Brothers Kalicka. Tue, 19 Sep 2017 12:20:00 GMT https://www.mbkcpa.com/business-as-we-see-it-october-a-2017 Business thumbnail main image https://www.mbkcpa.com/business-as-we-see-it-october-a-2017-2 The Ins and Outs of Naming a Trustee If you establish a trust to hold assets... The post Business As We See It October (A) 2017 appeared first on Meyers Brothers Kalicka. Tue, 19 Sep 2017 12:20:00 GMT https://www.mbkcpa.com/business-as-we-see-it-october-a-2017-2 Business thumbnail main image https://www.mbkcpa.com/business-as-we-see-it-october-a-2017-3 Deter Deadbeat Debtors: What are the Red Flags? Purchasing goods and services is one thing, but... The post Business As We See It October (A) 2017 appeared first on Meyers Brothers Kalicka. Tue, 19 Sep 2017 12:20:00 GMT https://www.mbkcpa.com/business-as-we-see-it-october-a-2017-3 Business thumbnail main image https://www.mbkcpa.com/business-as-we-see-it-october-a-2017-4 Get to Know Required Minimum Distributions The oldest members of the Baby Boomer generation — Americans... The post Business As We See It October (A) 2017 appeared first on Meyers Brothers Kalicka. Tue, 19 Sep 2017 12:20:00 GMT https://www.mbkcpa.com/business-as-we-see-it-october-a-2017-4 Business thumbnail main image https://www.mbkcpa.com/business-as-we-see-it-september-2017-4 A Delicate Matter Lending Money to Family and Friends Making a loan to friends or family... The post Business As We See It September 2017 appeared first on Meyers Brothers Kalicka. Mon, 18 Sep 2017 13:56:00 GMT https://www.mbkcpa.com/business-as-we-see-it-september-2017-4 Business thumbnail main image https://www.mbkcpa.com/business-as-we-see-it-september-2017-3 Secret to Success: Fostering Innovation Most business owners strive for sustained profitability and growth. One way... The post Business As We See It September 2017 appeared first on Meyers Brothers Kalicka. Mon, 18 Sep 2017 13:51:00 GMT https://www.mbkcpa.com/business-as-we-see-it-september-2017-3 Business thumbnail main image https://www.mbkcpa.com/business-as-we-see-it-september-2017-2 Nightmare Scenario: Are You Liable for Fraudulent Credit Card Debt? It’s everyone’s nightmare scenario: A person steals... The post Business As We See It September 2017 appeared first on Meyers Brothers Kalicka. Mon, 18 Sep 2017 13:48:00 GMT https://www.mbkcpa.com/business-as-we-see-it-september-2017-2 Business thumbnail main image https://www.mbkcpa.com/business-as-we-see-it-september-2017 Apply the Research Tax Credit Against Payroll Tax Many smaller businesses that engage in research and... The post Business As We See It September 2017 appeared first on Meyers Brothers Kalicka. Mon, 18 Sep 2017 13:45:00 GMT https://www.mbkcpa.com/business-as-we-see-it-september-2017 Business thumbnail main image https://www.mbkcpa.com/healthy-perspectives-september-2017 Age-weighted profit sharing plans have been around for a little over ten years and are an intriguing tool for the design of retirement plans, permitting employers to make contribution allocations on the basis of age as well as salary. Tue, 25 Jul 2017 18:41:00 GMT https://www.mbkcpa.com/healthy-perspectives-september-2017 Healthcare thumbnail main image https://www.mbkcpa.com/nonprofitability-august-2017-4 Newsbits Proposed Free Speech Fairness Act: Will it pass? A number of nonprofit leaders — BoardSource,... The post Newsbits August 2017 appeared first on Meyers Brothers Kalicka. Thu, 20 Jul 2017 15:48:00 GMT https://www.mbkcpa.com/nonprofitability-august-2017-4 Non-Profit thumbnail main image https://www.mbkcpa.com/july-2017-business-as-we-see-it-4 How to Limit Risk When Personally Guaranteeing a Business Loan It’s not an uncommon scenario: Your... The post July 2017 – Business As We See It appeared first on Meyers Brothers Kalicka. Tue, 18 Jul 2017 17:22:00 GMT https://www.mbkcpa.com/july-2017-business-as-we-see-it-4 Business thumbnail main image https://www.mbkcpa.com/july-2017-business-as-we-see-it-3 An IRS Audit isn’t the End of the World As you’re working on filing your next... The post July 2017 – Business As We See It appeared first on Meyers Brothers Kalicka. Tue, 18 Jul 2017 17:17:00 GMT https://www.mbkcpa.com/july-2017-business-as-we-see-it-3 Business thumbnail main image https://www.mbkcpa.com/july-2017-business-as-we-see-it-2 Get the Lowdown on Roth 401(k) Plans Looking for another way to save for retirement? You... The post July 2017 – Business As We See It appeared first on Meyers Brothers Kalicka. Tue, 18 Jul 2017 17:06:00 GMT https://www.mbkcpa.com/july-2017-business-as-we-see-it-2 Business thumbnail main image https://www.mbkcpa.com/july-2017-business-as-we-see-it Simplify, Simplify, Simplify Increase in the de minimis safe harbor for tangible property helps small businesses... The post July 2017 – Business As We See It appeared first on Meyers Brothers Kalicka. Tue, 18 Jul 2017 16:56:00 GMT https://www.mbkcpa.com/july-2017-business-as-we-see-it Business thumbnail main image https://www.mbkcpa.com/nonprofitability-july-2017-5 Newsbits High net worth donors: Generous with their money and time Donors from households with net... The post Nonprofitability: July 2017 appeared first on Meyers Brothers Kalicka. Tue, 09 May 2017 17:18:00 GMT https://www.mbkcpa.com/nonprofitability-july-2017-5 Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofitability-july-2017-6 Using Audit Techniques Can Help You Shape Your Future Whether or not your nonprofit uses an... The post Nonprofitability: July 2017 appeared first on Meyers Brothers Kalicka. Tue, 09 May 2017 17:07:00 GMT https://www.mbkcpa.com/nonprofitability-july-2017-6 Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofitability-july-2017-7 Are You Ready for Endowments? With baby boomers — the largest and wealthiest generation in U.S.... The post Nonprofitability: July 2017 appeared first on Meyers Brothers Kalicka. Tue, 09 May 2017 17:02:00 GMT https://www.mbkcpa.com/nonprofitability-july-2017-7 Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofitability-july-2017-8 Fraud and the Nonprofit: How to Counter Your Vulnerabilities Every organization — whether for-profit or nonprofit —... The post Nonprofitability:July 2017 appeared first on Meyers Brothers Kalicka. Tue, 09 May 2017 16:54:00 GMT https://www.mbkcpa.com/nonprofitability-july-2017-8 Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofitability-june-2017-5 Newsbits ALS Association continues to reap benefits of Ice Bucket Challenge The ALS Association recently announced... The post Nonprofitability: June 2017 appeared first on Meyers Brothers Kalicka. Mon, 08 May 2017 20:26:00 GMT https://www.mbkcpa.com/nonprofitability-june-2017-5 Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofitability-june-2017-6 The Nonprofit Life Cycle: Mature Nonprofits Face Changing Priorities Successful nonprofits typically proceed along a standard... The post Nonprofitability: June 2017 appeared first on Meyers Brothers Kalicka. Mon, 08 May 2017 20:02:00 GMT https://www.mbkcpa.com/nonprofitability-june-2017-6 Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofitability-june-2017-7 8 Tips for Creating Your Own Survey So you want to survey your members, donors or... The post Nonprofitability: June 2017 appeared first on Meyers Brothers Kalicka. Mon, 08 May 2017 19:55:00 GMT https://www.mbkcpa.com/nonprofitability-june-2017-7 Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofitability-june-2017-8 Making Sense of the FASB’s New Accounting Standard for Nonprofits The Financial Accounting Standards Board (FASB)... The post Nonprofitability: June 2017 appeared first on Meyers Brothers Kalicka. Mon, 08 May 2017 19:45:00 GMT https://www.mbkcpa.com/nonprofitability-june-2017-8 Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofitability-may-2017-4 Newsbits Donors say messaging affects their giving Seventy-two percent of respondents in software provider Abila’s Donor... The post Nonprofitability May 2017 appeared first on Meyers Brothers Kalicka. Fri, 05 May 2017 20:08:00 GMT https://www.mbkcpa.com/nonprofitability-may-2017-4 Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofitability-may-2017-3 Your Nonprofit’s Bylaws Those Golden Rules May Need More than Polishing Has your organization outgrown its... The post Nonprofitability May 2017 appeared first on Meyers Brothers Kalicka. Fri, 05 May 2017 19:51:00 GMT https://www.mbkcpa.com/nonprofitability-may-2017-3 Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofitability-may-2017-2 Nonprofit Life Cycle: Challenges and Opportunities Mark Growth Stage Nonprofits generally mature along a standard life cycle.... The post Nonprofitability May 2017 appeared first on Meyers Brothers Kalicka. Fri, 05 May 2017 19:06:00 GMT https://www.mbkcpa.com/nonprofitability-may-2017-2 Non-Profit thumbnail main image https://www.mbkcpa.com/tax-tactics-spring-2017-4 Tax Tips Increase Withholding to Avoid Underpayment Penalty Do you file your tax returns as a... The post Tax Tactics: Spring 2017 appeared first on Meyers Brothers Kalicka. Fri, 31 Mar 2017 14:08:00 GMT https://www.mbkcpa.com/tax-tactics-spring-2017-4 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-spring-2017-3 Watch Out for the Alternative Minimum Tax The IRS designed the alternative minimum tax (AMT) to... The post Tax Tactics: Spring 2017 appeared first on Meyers Brothers Kalicka. Fri, 31 Mar 2017 14:01:00 GMT https://www.mbkcpa.com/tax-tactics-spring-2017-3 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-spring-2017-2 How Basis Planning can Result in Significant Tax Savings A basic tenet of estate planning is to... The post Tax Tactics: Spring 2017 appeared first on Meyers Brothers Kalicka. Fri, 31 Mar 2017 13:45:00 GMT https://www.mbkcpa.com/tax-tactics-spring-2017-2 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-spring-2017 Accelerating Depreciation Deductions A Cost Segregation Study May Reduce Taxes Businesses that acquire, construct or substantially... The post Tax Tactics: Spring 2017 appeared first on Meyers Brothers Kalicka. Fri, 31 Mar 2017 13:33:00 GMT https://www.mbkcpa.com/tax-tactics-spring-2017 Taxation thumbnail main image https://www.mbkcpa.com/winter-2017-business-see How to Manage a Windfall It’s a challenge many people would love to have: handling a... The post Business As We See It: Winter 2017 appeared first on Meyers Brothers Kalicka. Wed, 15 Feb 2017 15:21:00 GMT https://www.mbkcpa.com/winter-2017-business-see Business thumbnail main image https://www.mbkcpa.com/business-see-winter-2017-3 8 Questions to Ask Before Opening a Second Location Business is going so well that you’re... The post Business As We See It: Winter 2017 appeared first on Meyers Brothers Kalicka. Tue, 14 Feb 2017 21:05:00 GMT https://www.mbkcpa.com/business-see-winter-2017-3 Business thumbnail main image https://www.mbkcpa.com/business-see-winter-2017-2 Choosing Between a Calendar Year and a Fiscal Year Many business owners use a calendar year... The post Business As We See It: Winter 2017 appeared first on Meyers Brothers Kalicka. Mon, 13 Feb 2017 21:22:00 GMT https://www.mbkcpa.com/business-see-winter-2017-2 Business thumbnail main image https://www.mbkcpa.com/business-see-winter-2017 Adjusting to the New Overtime Rules Who’s Covered Overtime rates apply to hours worked over 40... The post Business As We See It: Winter 2017 appeared first on Meyers Brothers Kalicka. Mon, 13 Feb 2017 20:50:00 GMT https://www.mbkcpa.com/business-see-winter-2017 Business thumbnail main image https://www.mbkcpa.com/meyers-brothers-kalicka-adds-two-new-partners Written by George O’Brien on December 27, 2016  as seen in the  Banking and Financial Services section of Business... The post Meyers Brothers Kalicka Adds Two New Partners appeared first on Meyers Brothers Kalicka. Wed, 28 Dec 2016 20:44:00 GMT https://www.mbkcpa.com/meyers-brothers-kalicka-adds-two-new-partners News & Events thumbnail main image https://www.mbkcpa.com/tax-tactics-winter-2016-4 Tax Tips Proposed valuation regulations may have a big impact on estate planning Earlier this year,... The post Tax Tactics: Winter 2016 appeared first on Meyers Brothers Kalicka. Wed, 14 Dec 2016 19:23:00 GMT https://www.mbkcpa.com/tax-tactics-winter-2016-4 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-winter-2016-3 How Incomplete Nongrantor Trusts Can Help Avoid State Income Taxes With the federal gift and estate... The post Tax Tactics: Winter 2016 appeared first on Meyers Brothers Kalicka. Wed, 14 Dec 2016 19:16:00 GMT https://www.mbkcpa.com/tax-tactics-winter-2016-3 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-winter-2016-2 Is It Time to Revisit the Research Credit? If your business hasn’t been claiming the research... The post Tax Tactics: Winter 2016 appeared first on Meyers Brothers Kalicka. Wed, 14 Dec 2016 19:08:00 GMT https://www.mbkcpa.com/tax-tactics-winter-2016-2 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-winter-2016 Year-end Tips for Reducing NIIT As 2016 winds down, it’s time for many people to begin... The post Tax Tactics: Winter 2016 appeared first on Meyers Brothers Kalicka. Wed, 14 Dec 2016 18:41:00 GMT https://www.mbkcpa.com/tax-tactics-winter-2016 Taxation thumbnail main image https://www.mbkcpa.com/saving-for-college-the-tax-advantaged-way If you’re a parent or grandparent of minor children, you’re likely thinking about saving for college... The post Saving for College: 529 Plans – Fund College Costs the Tax-Advantaged Way appeared first on Meyers Brothers Kalicka. Sat, 10 Dec 2016 10:00:00 GMT https://www.mbkcpa.com/saving-for-college-the-tax-advantaged-way Non-Profit thumbnail main image https://www.mbkcpa.com/succession-planning-strategies Succession Planning – Having a Plan Is Just Part of the Equation for Ensuring Survival Written... The post Succession Planning: Successful Succession Strategies appeared first on Meyers Brothers Kalicka. Fri, 09 Dec 2016 10:00:00 GMT https://www.mbkcpa.com/succession-planning-strategies Business thumbnail main image https://www.mbkcpa.com/how-long-do-i-keep-my-records How Long Do I Need to Keep My Records?Record Retention 101 All entities produce a variety... The post Record Retention: How Long Do I Need to Keep My Records? appeared first on Meyers Brothers Kalicka. Tue, 06 Dec 2016 15:00:00 GMT https://www.mbkcpa.com/how-long-do-i-keep-my-records Taxation thumbnail main image https://www.mbkcpa.com/income-tax-ramifications-crowd-funding-platforms Be Ready to Launch Crowdfunding has become a popular vehicle to raise money for personal, charitable,... The post Income-tax Ramifications of Crowdfunding Platforms appeared first on Meyers Brothers Kalicka. Tue, 11 Oct 2016 20:24:00 GMT https://www.mbkcpa.com/income-tax-ramifications-crowd-funding-platforms Taxation thumbnail main image https://www.mbkcpa.com/consider-selling-practice What to Consider Before Selling Your Practice Are you looking to escape the regulatory and administrative... The post What to Consider Before Selling Your Practice appeared first on Meyers Brothers Kalicka. Sat, 13 Aug 2016 17:30:00 GMT https://www.mbkcpa.com/consider-selling-practice Business thumbnail main image https://www.mbkcpa.com/healthy-perspectives-summer-2016-4 Generally, physicians adhere to three scheduling approaches: 1) traditional, 2) wave (sometimes called steady stream) and 3) modified wave. Of course, there’s also a fourth option: chaotic. Hardly a viable approach, the chaotic method wastes physician and staff time while irritating patients forced to spend hours in the waiting room. Wed, 27 Jul 2016 18:47:00 GMT https://www.mbkcpa.com/healthy-perspectives-summer-2016-4 Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-summer-2016-3 Cut Costs to Streamline Your Practice Maintaining profitability, staying up to date with the latest technology... The post Healthy Perspectives: Summer 2016 appeared first on Meyers Brothers Kalicka. Wed, 27 Jul 2016 18:40:00 GMT https://www.mbkcpa.com/healthy-perspectives-summer-2016-3 Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-summer-2016-2 Privacy Protections: Making Mobile Devices More Secure In our technologically sophisticated society, private information is more... The post Healthy Perspectives: Summer 2016 appeared first on Meyers Brothers Kalicka. Wed, 27 Jul 2016 18:32:00 GMT https://www.mbkcpa.com/healthy-perspectives-summer-2016-2 Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-summer-2016 Can Your Practice Meet HITECH Goals? Smart Ways to Optimize Your EHR System The Health Information... The post Healthy Perspectives: Summer 2016 appeared first on Meyers Brothers Kalicka. Wed, 27 Jul 2016 18:22:00 GMT https://www.mbkcpa.com/healthy-perspectives-summer-2016 Healthcare thumbnail main image https://www.mbkcpa.com/tax-tactics-august-2016-4 Tax Tips Shift Capital Gains to Your Children Giving appreciated stock or other investments to your... The post Tax Tactics: August 2016 appeared first on Meyers Brothers Kalicka. Wed, 20 Jul 2016 20:29:00 GMT https://www.mbkcpa.com/tax-tactics-august-2016-4 Business thumbnail main image https://www.mbkcpa.com/tax-tactics-august-2016-3 When an Inheritance is Too Good to be True How Income in Respect of a Decedent... The post Tax Tactics: August 2016 appeared first on Meyers Brothers Kalicka. Wed, 20 Jul 2016 20:11:00 GMT https://www.mbkcpa.com/tax-tactics-august-2016-3 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-august-2016-2 IRS Hobby Loss Rules Is It a Business or Hobby? Are you launching a “side business”?... The post Tax Tactics: August 2016 appeared first on Meyers Brothers Kalicka. Wed, 20 Jul 2016 19:53:00 GMT https://www.mbkcpa.com/tax-tactics-august-2016-2 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-august-2016 Partnerships: Get Ready for New Audit Rules For partnerships, including limited liability companies taxed as partnerships,... The post Tax Tactics: August 2016 appeared first on Meyers Brothers Kalicka. Wed, 20 Jul 2016 18:45:00 GMT https://www.mbkcpa.com/tax-tactics-august-2016 Taxation thumbnail main image https://www.mbkcpa.com/nonprofitability-summer-2016-4 Newsbits Microsoft Offers Nonprofits Free Cloud Services Microsoft’s philanthropic arm has announced that it’ll donate $1... The post Nonprofitability Summer 2016 appeared first on Meyers Brothers Kalicka. Tue, 12 Jul 2016 18:56:00 GMT https://www.mbkcpa.com/nonprofitability-summer-2016-4 Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofitability-summer-2016-3 When Investment Income Counts as UBI Dividends, interest, rents, annuities and other investment income are generally... The post Nonprofitability Summer 2016 appeared first on Meyers Brothers Kalicka. Tue, 12 Jul 2016 18:23:00 GMT https://www.mbkcpa.com/nonprofitability-summer-2016-3 Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofitability-summer-2016-2 How to Score a Home Run with Your Board Meeting Minutes Minutes of your board’s meetings... The post Nonprofitability September 2016 appeared first on Meyers Brothers Kalicka. Tue, 12 Jul 2016 18:09:00 GMT https://www.mbkcpa.com/nonprofitability-summer-2016-2 Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofitability-summer-2016 Start-Ups Face Challenges, Opportunities The Nonprofit Life Cycle Every organization is different, but most nonprofits follow... The post Nonprofitability Summer 2016 appeared first on Meyers Brothers Kalicka. Tue, 12 Jul 2016 17:57:00 GMT https://www.mbkcpa.com/nonprofitability-summer-2016 Non-Profit thumbnail main image https://www.mbkcpa.com/summer-2016-business-see-4 529 Plans to the Rescue By the time babies born in 2016 turn 18, the cost... The post Summer 2016 Business As We See It appeared first on Meyers Brothers Kalicka. Tue, 21 Jun 2016 17:28:00 GMT https://www.mbkcpa.com/summer-2016-business-see-4 Business thumbnail main image https://www.mbkcpa.com/summer-2016-business-see-3 Why You Might Not Want to Include Corporate Assets with Business Assets There are many reasons... The post Summer 2016 Business As We See It appeared first on Meyers Brothers Kalicka. Tue, 21 Jun 2016 17:21:00 GMT https://www.mbkcpa.com/summer-2016-business-see-3 Business thumbnail main image https://www.mbkcpa.com/summer-2016-business-see-2 There are New Rules for Partnership Audits The Bipartisan Budget Act of 2015, signed into law... The post Summer 2016 Business As We See It appeared first on Meyers Brothers Kalicka. Tue, 21 Jun 2016 17:07:00 GMT https://www.mbkcpa.com/summer-2016-business-see-2 Business thumbnail main image https://www.mbkcpa.com/summer-2016-business-see The Responsibilities of Being an Executor Make Sure You’re Up to the Task If a good... The post Summer 2016 Business As We See It appeared first on Meyers Brothers Kalicka. Tue, 21 Jun 2016 16:53:00 GMT https://www.mbkcpa.com/summer-2016-business-see Business thumbnail main image https://www.mbkcpa.com/tax-tactics-june-2016-4 Tax Tips Take Another Look at the Research Credit After more than 30 years of short-term... The post Tax Tactics: June 2016 appeared first on Meyers Brothers Kalicka. Thu, 26 May 2016 15:29:00 GMT https://www.mbkcpa.com/tax-tactics-june-2016-4 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-june-2016-3 Why You May Need a Prenup A prenup usually becomes relevant when a couple gets divorced.... The post Tax Tactics: June 2016 appeared first on Meyers Brothers Kalicka. Thu, 26 May 2016 15:25:00 GMT https://www.mbkcpa.com/tax-tactics-june-2016-3 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-june-2016-2 Is It Time to Revisit Captive Insurance? Many businesses, both large and small, use captive insurance... The post Tax Tactics: June 2016 appeared first on Meyers Brothers Kalicka. Thu, 26 May 2016 15:16:00 GMT https://www.mbkcpa.com/tax-tactics-june-2016-2 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-june-2016 Deduct Now, Donate Later Donor Advised Funds Offer Significant Benefits. If you’re planning to make significant... The post Tax Tactics: June 2016 appeared first on Meyers Brothers Kalicka. Thu, 26 May 2016 15:12:00 GMT https://www.mbkcpa.com/tax-tactics-june-2016 Taxation thumbnail main image https://www.mbkcpa.com/healthy-perspectives-spring-2016-4 Payer Contracts How to drive a hard bargain Practices often allow their payer contracts to renew... The post Healthy Perspectives: Spring 2016 appeared first on Meyers Brothers Kalicka. Tue, 05 Apr 2016 17:45:00 GMT https://www.mbkcpa.com/healthy-perspectives-spring-2016-4 Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-spring-2016-3 The Ins and Outs of a Winning Billing and Collection Process Claim denials can be a... The post Healthy Perspectives: Spring 2016 appeared first on Meyers Brothers Kalicka. Tue, 05 Apr 2016 17:41:00 GMT https://www.mbkcpa.com/healthy-perspectives-spring-2016-3 Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-spring-2016-2 8 Business Insurance Policies That Every Physician Should Consider Physician practices face not only clinical and... The post Healthy Perspectives: Spring 2016 appeared first on Meyers Brothers Kalicka. Tue, 05 Apr 2016 17:30:00 GMT https://www.mbkcpa.com/healthy-perspectives-spring-2016-2 Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-spring-2016 Giving Your Revenue Cycle an Annual Checkup The financial side of the practice appears to be... The post Healthy Perspectives: Spring 2016 appeared first on Meyers Brothers Kalicka. Tue, 05 Apr 2016 17:10:00 GMT https://www.mbkcpa.com/healthy-perspectives-spring-2016 Healthcare thumbnail main image https://www.mbkcpa.com/woman-owned-business-certification So, you’re a woman, and you run a business. In the pool of privately held small... The post Woman Owned Business Certification: The Process Poses Challenges, But There Are Rewards! appeared first on Meyers Brothers Kalicka. Wed, 23 Mar 2016 15:24:00 GMT https://www.mbkcpa.com/woman-owned-business-certification Business thumbnail main image https://www.mbkcpa.com/for-the-accountants-at-meyers-brothers-kalicka-tax-season-doesnt-mean-all-work-and-no-play As another tax season comes around, accountants everywhere prepare for what will be the busiest stretch... The post For the Accountants at Meyers Brothers Kalicka, Tax Season Doesn’t Mean All Work and No Play appeared first on Meyers Brothers Kalicka. Mon, 22 Feb 2016 18:01:00 GMT https://www.mbkcpa.com/for-the-accountants-at-meyers-brothers-kalicka-tax-season-doesnt-mean-all-work-and-no-play Taxation thumbnail main image https://www.mbkcpa.com/non-profitability-spring-2016-4 Newsbits Public confidence in nonprofits varies A survey conducted by the Chronicle of Philanthropy — the... The post Non-Profitability Spring 2016 appeared first on Meyers Brothers Kalicka. Thu, 18 Feb 2016 18:31:00 GMT https://www.mbkcpa.com/non-profitability-spring-2016-4 Non-Profit thumbnail main image https://www.mbkcpa.com/non-profitability-spring-2016-3 Your Employee Handbook: It May Be Time for a Tune-Up An employee handbook sets the stage... The post Non-Profitability Spring 2016 appeared first on Meyers Brothers Kalicka. Thu, 18 Feb 2016 18:28:00 GMT https://www.mbkcpa.com/non-profitability-spring-2016-3 Non-Profit thumbnail main image https://www.mbkcpa.com/non-profitability-spring-2016-2 Collaborative Activities: Are You Reporting Them Correctly? More and more nonprofits are joining forces to better... The post Non-Profitability Spring 2016 appeared first on Meyers Brothers Kalicka. Thu, 18 Feb 2016 18:18:00 GMT https://www.mbkcpa.com/non-profitability-spring-2016-2 Non-Profit thumbnail main image https://www.mbkcpa.com/non-profitability-spring-2016 Tread Carefully This Election Season With the 2016 election season picking up steam, nonprofits need to... The post Non-Profitability Spring 2016 appeared first on Meyers Brothers Kalicka. Thu, 18 Feb 2016 18:13:00 GMT https://www.mbkcpa.com/non-profitability-spring-2016 Non-Profit thumbnail main image https://www.mbkcpa.com/tax-tactics-february-2016 5 retirement account tax traps to avoid If you’re like most people, a large portion of... The post Tax Tactics February 2016 appeared first on Meyers Brothers Kalicka. Mon, 15 Feb 2016 18:18:00 GMT https://www.mbkcpa.com/tax-tactics-february-2016 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-february-2016-3 Property Dividends: Handle with Care Corporate shareholders sometimes receive distributions in the form of property rather... The post Tax Tactics February 2016 appeared first on Meyers Brothers Kalicka. Mon, 15 Feb 2016 17:50:00 GMT https://www.mbkcpa.com/tax-tactics-february-2016-3 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-february-2016-4 Tax Tips Are your employees classified correctly? Employers gain several benefits by treating workers as independent... The post Tax Tactics February 2016 appeared first on Meyers Brothers Kalicka. Mon, 15 Feb 2016 17:45:00 GMT https://www.mbkcpa.com/tax-tactics-february-2016-4 Taxation thumbnail main image https://www.mbkcpa.com/business-as-we-see-it-february-2016 The Ins and Outs of Valuing a Business Determining the value of a business is rarely... The post Business As We See It March 2016 appeared first on Meyers Brothers Kalicka. Tue, 09 Feb 2016 17:52:00 GMT https://www.mbkcpa.com/business-as-we-see-it-february-2016 Business thumbnail main image https://www.mbkcpa.com/business-as-we-see-it-february-2016-2 Tax Deductions for Business: Don’t Ignore the DPAD ― It May Work for You The domestic... The post Business As We See It March 2016 appeared first on Meyers Brothers Kalicka. Tue, 09 Feb 2016 17:44:00 GMT https://www.mbkcpa.com/business-as-we-see-it-february-2016-2 thumbnail main image https://www.mbkcpa.com/business-as-we-see-it-february-2016-3 Dealing with the Uncertainty of Social Security Baby Boomers everywhere are likely wondering whether Social Security... The post Business As We See It March 2016 appeared first on Meyers Brothers Kalicka. Tue, 09 Feb 2016 17:40:00 GMT https://www.mbkcpa.com/business-as-we-see-it-february-2016-3 Business thumbnail main image https://www.mbkcpa.com/business-as-we-see-it-february-2016-4 To Catch a Thief How you can recover your stolen tax identity During the 2014 tax... The post Business As We See It March 2016 appeared first on Meyers Brothers Kalicka. Tue, 09 Feb 2016 17:37:00 GMT https://www.mbkcpa.com/business-as-we-see-it-february-2016-4 Business thumbnail main image https://www.mbkcpa.com/tax-tactics-february-2016-2 The Section 1031 exchange Why it’s such a great estate planning tool Like many business owners,... The post Tax Tactics February 2016 appeared first on Meyers Brothers Kalicka. Mon, 08 Feb 2016 20:28:00 GMT https://www.mbkcpa.com/tax-tactics-february-2016-2 Taxation thumbnail main image https://www.mbkcpa.com/millennials-and-your-practice-this-generation-is-making-a-seismic-statement-in-the-workplace Every 20 years or so, there is a generational shift in the workplace. The most recent... The post Millennials and Your Practice — This Generation is Making a Seismic Statement in the Workplace appeared first on Meyers Brothers Kalicka. Thu, 21 Jan 2016 21:13:00 GMT https://www.mbkcpa.com/millennials-and-your-practice-this-generation-is-making-a-seismic-statement-in-the-workplace Business thumbnail main image https://www.mbkcpa.com/business-as-we-see-it-january-2016 Know When You Need to Put a Client Out to Pasture Many business owners go to... The post Business As We See It: January 2016 appeared first on Meyers Brothers Kalicka. Thu, 21 Jan 2016 17:12:00 GMT https://www.mbkcpa.com/business-as-we-see-it-january-2016 Business thumbnail main image https://www.mbkcpa.com/january-2016-business-as-we-see-it The Ins and Outs of Travel Reimbursement Policies When employees travel for work, they expect to... The post Business As We See It: January 2016 appeared first on Meyers Brothers Kalicka. Thu, 21 Jan 2016 17:09:00 GMT https://www.mbkcpa.com/january-2016-business-as-we-see-it Business thumbnail main image https://www.mbkcpa.com/business-as-we-see-it-january-2016-3 4 Ways to Stay On Top of Your Credit Report Did you know that the information... The post Business As We See It: January 2016 appeared first on Meyers Brothers Kalicka. Thu, 21 Jan 2016 17:07:00 GMT https://www.mbkcpa.com/business-as-we-see-it-january-2016-3 Business thumbnail main image https://www.mbkcpa.com/healthy-perspectives-january-2016 Why Hospitals and Physicians Are Looking for Investment Capital It’s a New Generation New payment models... The post Healthy Perspectives: January 2016 appeared first on Meyers Brothers Kalicka. Thu, 21 Jan 2016 16:13:00 GMT https://www.mbkcpa.com/healthy-perspectives-january-2016 Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-january-2016-3 Buried Under a Mountain of Work? Call in the Cavalry As health care gets even more... The post Healthy Perspectives: January 2016 appeared first on Meyers Brothers Kalicka. Thu, 21 Jan 2016 16:12:00 GMT https://www.mbkcpa.com/healthy-perspectives-january-2016-3 Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-january-2016-2 Medical Practice Governance How you can ensure its effectiveness Every medical practice is governed in some... The post Healthy Perspectives: January 2016 appeared first on Meyers Brothers Kalicka. Thu, 21 Jan 2016 16:12:00 GMT https://www.mbkcpa.com/healthy-perspectives-january-2016-2 Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-january-2016-4 Listen to Your Patients — You May Learn Something! In a patient-centric health care world, it’s... The post Healthy Perspectives: January 2016 appeared first on Meyers Brothers Kalicka. Thu, 21 Jan 2016 16:11:00 GMT https://www.mbkcpa.com/healthy-perspectives-january-2016-4 Healthcare thumbnail main image https://www.mbkcpa.com/4063-2 Tax Tips Beware the passive foreign investment company Have you considered investing in a passive foreign... The post Tax Tactics December 2015 appeared first on Meyers Brothers Kalicka. Wed, 23 Dec 2015 17:47:00 GMT https://www.mbkcpa.com/4063-2 Taxation thumbnail main image https://www.mbkcpa.com/mbks-2nd-annual-young-professionals-minute-to-win On Wednesday, December 2nd, MBK hosted its second annual Minute to Win It Networking Event geared... The post MBK’s 2nd Annual Young Professionals Event: Minute to Win It! appeared first on Meyers Brothers Kalicka. Tue, 15 Dec 2015 17:16:00 GMT https://www.mbkcpa.com/mbks-2nd-annual-young-professionals-minute-to-win Business thumbnail main image https://www.mbkcpa.com/dont-overlook-deductible-childcare-expenses With year-end fast approaching, taxpayers are looking for any deduction available in order to minimize their... The post Don’t Overlook Deductible Childcare Expenses appeared first on Meyers Brothers Kalicka. Wed, 02 Dec 2015 16:01:00 GMT https://www.mbkcpa.com/dont-overlook-deductible-childcare-expenses Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-november-2015 The Ins and Outs of Tax Breaks for Getting To and From Work As you’re probably... The post Tax Tactics: November 2015 appeared first on Meyers Brothers Kalicka. Mon, 30 Nov 2015 18:16:00 GMT https://www.mbkcpa.com/tax-tactics-november-2015 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-november-2015-2 Tax Tips Supreme Court decision may open door for refund claims If you earn income in... The post Tax Tactics: November 2015 appeared first on Meyers Brothers Kalicka. Wed, 25 Nov 2015 17:59:00 GMT https://www.mbkcpa.com/tax-tactics-november-2015-2 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-november-2015-cash-balance-plans Pumping Up Retirement Contributions Cash balance plans With individual income tax rates at their highest levels... The post Tax Tactics: November 2015 appeared first on Meyers Brothers Kalicka. Wed, 25 Nov 2015 17:51:00 GMT https://www.mbkcpa.com/tax-tactics-november-2015-cash-balance-plans Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-november-2015-income-tax-bill Can You Reduce Your Trust’s Income Tax Bill? Trusts can accomplish a variety of estate planning... The post Tax Tactics: November 2015 appeared first on Meyers Brothers Kalicka. Wed, 25 Nov 2015 17:42:00 GMT https://www.mbkcpa.com/tax-tactics-november-2015-income-tax-bill Taxation thumbnail main image https://www.mbkcpa.com/melyssa-brown-cpa-named-woman-to-watch We would like to congratulate our very own Melyssa Brown, CPA who was recently recognized as... The post Melyssa Brown, CPA named Woman to Watch! appeared first on Meyers Brothers Kalicka. Thu, 12 Nov 2015 13:55:00 GMT https://www.mbkcpa.com/melyssa-brown-cpa-named-woman-to-watch Business thumbnail main image https://www.mbkcpa.com/tax-tactics-slat Need a Financial Backup Plan? Why you should consider a SLAT The most effective estate-planning strategies... The post Tax Tactics: December 2015 appeared first on Meyers Brothers Kalicka. Wed, 11 Nov 2015 18:22:00 GMT https://www.mbkcpa.com/tax-tactics-slat Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-last-minute-tax-planning 5 Last-Minute Tax Planning Ideas Tax planning is a year-round endeavor, but several year end strategies... The post Tax Tactics: December 2015 appeared first on Meyers Brothers Kalicka. Wed, 11 Nov 2015 18:20:00 GMT https://www.mbkcpa.com/tax-tactics-last-minute-tax-planning Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-december-2015 Solving the Play-or-Pay Conundrum For 2015 and after, employers retaining at least a certain number of... The post Tax Tactics: December 2015 appeared first on Meyers Brothers Kalicka. Wed, 11 Nov 2015 18:16:00 GMT https://www.mbkcpa.com/tax-tactics-december-2015 Taxation thumbnail main image https://www.mbkcpa.com/mbk-was-proud-to-be-the-entrepreneur-sponsor-at-the-western-ma-business-expo   Meyers Brothers Kalicka, P.C. was proud to be this year’s Entrepreneur Sponsor at the 2015... The post MBK was proud to be the Entrepreneur Sponsor at the Western MA Business Expo! appeared first on Meyers Brothers Kalicka. Mon, 09 Nov 2015 21:03:00 GMT https://www.mbkcpa.com/mbk-was-proud-to-be-the-entrepreneur-sponsor-at-the-western-ma-business-expo News & Events thumbnail main image https://www.mbkcpa.com/healthy-perspectives-fall-2015-4 Newsbits FASB proposes accounting change for nonprofits The Financial Accounting Standards Board (FASB) has issued a... The post Nonprofitability Fall 2015 appeared first on Meyers Brothers Kalicka. Thu, 05 Nov 2015 16:08:00 GMT https://www.mbkcpa.com/healthy-perspectives-fall-2015-4 Non-Profit thumbnail main image https://www.mbkcpa.com/healthy-perspectives-fall-2015-3 The OMB Rule on Indirect Costs: What you need to know The Office of Management and... The post Nonprofitability Fall 2015 appeared first on Meyers Brothers Kalicka. Thu, 05 Nov 2015 16:04:00 GMT https://www.mbkcpa.com/healthy-perspectives-fall-2015-3 Non-Profit thumbnail main image https://www.mbkcpa.com/healthy-perspectives-fall-2015-2 Think before you Jump Capital campaigns call for serious advance planning Does your nonprofit have a... The post Nonprofitability Fall 2015 appeared first on Meyers Brothers Kalicka. Thu, 05 Nov 2015 16:00:00 GMT https://www.mbkcpa.com/healthy-perspectives-fall-2015-2 Non-Profit thumbnail main image https://www.mbkcpa.com/healthy-perspectives-fall-2015   Taking the Long View: Sustainability In the wake of the most recent recession, many nonprofits... The post Nonprofitability Fall 2015 appeared first on Meyers Brothers Kalicka. Thu, 05 Nov 2015 15:52:00 GMT https://www.mbkcpa.com/healthy-perspectives-fall-2015 Non-Profit thumbnail main image https://www.mbkcpa.com/uniform-guidance Not-for-profit organizations (NPOs) make up a sizable percentage of the economy in Western Mass. A number... The post Uniform Guidance: Not-for-Profit Leaders Must Be Aware of Key Changes in Rules appeared first on Meyers Brothers Kalicka. Thu, 05 Nov 2015 15:47:00 GMT https://www.mbkcpa.com/uniform-guidance Non-Profit thumbnail main image https://www.mbkcpa.com/travel-expense-deductions It sounds too good to be true: a conference for continuing  education is being held in... The post Travel Expense Deductions: Make Business Travel a Pleasure by Knowing the Rules appeared first on Meyers Brothers Kalicka. Fri, 23 Oct 2015 14:33:00 GMT https://www.mbkcpa.com/travel-expense-deductions Taxation thumbnail main image https://www.mbkcpa.com/healthy-perspectives-october-2015-physician-reimbursement-after-the-sgr-repeal Practice Notes Physician Reimbursement After the SGR Repeal For years, physicians grumbled about the sustainable growth... The post Healthy Perspectives October 2015 appeared first on Meyers Brothers Kalicka. Fri, 02 Oct 2015 15:11:00 GMT https://www.mbkcpa.com/healthy-perspectives-october-2015-physician-reimbursement-after-the-sgr-repeal Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-october-2015how-not-to-lose-a-claim-denial How Not to Lose a Claim Denial As you know, a denied claim can hurt a physician... The post Healthy Perspectives October 2015 appeared first on Meyers Brothers Kalicka. Fri, 02 Oct 2015 15:05:00 GMT https://www.mbkcpa.com/healthy-perspectives-october-2015how-not-to-lose-a-claim-denial Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-october-2015integrating-mobile-technology-in-your-practice Integrating Mobile Technology in Your Practice Smartphones and other mobile devices are becoming as prominent in... The post Healthy Perspectives October 2015 appeared first on Meyers Brothers Kalicka. Fri, 02 Oct 2015 14:44:00 GMT https://www.mbkcpa.com/healthy-perspectives-october-2015integrating-mobile-technology-in-your-practice Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-october-2015smart-staffing-in-a-changing-healthcare-world Smart Staffing in a Changing Health Care World While reimbursements are stagnant or declining, physician practices... The post Healthy Perspectives October 2015 appeared first on Meyers Brothers Kalicka. Fri, 02 Oct 2015 14:38:00 GMT https://www.mbkcpa.com/healthy-perspectives-october-2015smart-staffing-in-a-changing-healthcare-world Healthcare thumbnail main image https://www.mbkcpa.com/who-should-be-your-executor Dealing with end-of-life issues can be overwhelming. One of the most important decisions you will make is... The post Who Should Be Your Executor appeared first on Meyers Brothers Kalicka. Thu, 17 Sep 2015 14:47:00 GMT https://www.mbkcpa.com/who-should-be-your-executor Business thumbnail main image https://www.mbkcpa.com/home-office-deduction-2 Many of us find ourselves working from home either out of necessity or by choice. Both self-employed... The post Home Office Deductions and the Strict Rules that Govern Them appeared first on Meyers Brothers Kalicka. Thu, 03 Sep 2015 21:15:00 GMT https://www.mbkcpa.com/home-office-deduction-2 Business thumbnail main image https://www.mbkcpa.com/back-to-school-reminder-for-parents-and-students-check-out-college-tax-credits-for-2015-and-years-ahead The IRS has released a “back-to-school” reminder for parents to see if they will qualify for... The post Back-to-School Reminder for Parents and Students: Check Out College Tax Credits for 2015 and Years Ahead appeared first on Meyers Brothers Kalicka. Tue, 25 Aug 2015 16:55:00 GMT https://www.mbkcpa.com/back-to-school-reminder-for-parents-and-students-check-out-college-tax-credits-for-2015-and-years-ahead thumbnail main image https://www.mbkcpa.com/answers-to-frequently-asked-questions-for-individuals-of-the-same-sex-who-are-married-under-state-law The IRS has recently released answers to frequently asked questions regarding tax requirements for Same-Sex Couples... The post Answers to Frequently Asked Questions for Individuals of the Same Sex Who Are Married Under State Law appeared first on Meyers Brothers Kalicka. Wed, 19 Aug 2015 15:42:00 GMT https://www.mbkcpa.com/answers-to-frequently-asked-questions-for-individuals-of-the-same-sex-who-are-married-under-state-law Taxation thumbnail main image https://www.mbkcpa.com/august-2015-business-as-we-see-it-4 Bad News: IRA Rollovers Now Limited To One Per Year Through the end of 2014, individuals... The post October 2015 Business As We See It appeared first on Meyers Brothers Kalicka. Tue, 18 Aug 2015 18:02:00 GMT https://www.mbkcpa.com/august-2015-business-as-we-see-it-4 Business thumbnail main image https://www.mbkcpa.com/august-2015-business-as-we-see-it-3 Is Your Company Prepared For A Disaster? Think of it — in the last year the... The post October 2015 Business As We See It appeared first on Meyers Brothers Kalicka. Tue, 18 Aug 2015 16:18:00 GMT https://www.mbkcpa.com/august-2015-business-as-we-see-it-3 Business thumbnail main image https://www.mbkcpa.com/august-2015-business-as-we-see-it-2 How An ABLE Account Can Help Those With Disabilities Good news! Individuals with disabilities can take... The post October 2015 Business As We See It appeared first on Meyers Brothers Kalicka. Tue, 18 Aug 2015 16:14:00 GMT https://www.mbkcpa.com/august-2015-business-as-we-see-it-2 Business thumbnail main image https://www.mbkcpa.com/august-2015-business-as-we-see-it Are You Uncertain About Uncertain Tax Positions? Even if you’ve never had to worry about reporting... The post October 2015 Business As We See It appeared first on Meyers Brothers Kalicka. Tue, 18 Aug 2015 15:13:00 GMT https://www.mbkcpa.com/august-2015-business-as-we-see-it Business thumbnail main image https://www.mbkcpa.com/tax-tips Tax Tips Reporting capital gains is easier than it used to be Until recently, investors had... The post August 2015 Tax Tactics appeared first on Meyers Brothers Kalicka. Tue, 11 Aug 2015 20:13:00 GMT https://www.mbkcpa.com/tax-tips Taxation thumbnail main image https://www.mbkcpa.com/understanding-the-pros-and-cons-of-a-scin Understanding the pros and cons of a SCIN Many estate planning techniques minimize or even eliminate... The post Tax Tactics August 2015 appeared first on Meyers Brothers Kalicka. Tue, 11 Aug 2015 20:10:00 GMT https://www.mbkcpa.com/understanding-the-pros-and-cons-of-a-scin Taxation thumbnail main image https://www.mbkcpa.com/irs-warns-taxpayers-to-guard-against-new-tricks-by-scam-artists-losses-top-20-million This message was released by the IRS on August 6, 2015: IRS Warns Taxpayers to Guard Against... The post IRS Warns Taxpayers to Guard Against New Tricks by Scam Artists; Losses Top $20 Million appeared first on Meyers Brothers Kalicka. Mon, 10 Aug 2015 14:24:00 GMT https://www.mbkcpa.com/irs-warns-taxpayers-to-guard-against-new-tricks-by-scam-artists-losses-top-20-million Taxation thumbnail main image https://www.mbkcpa.com/should-you-treat-a-partner-as-an-employee Should you treat a partner as an employee? In today’s competitive environment, offering employees an equity... The post Tax Tactics August 2015 appeared first on Meyers Brothers Kalicka. Wed, 05 Aug 2015 19:23:00 GMT https://www.mbkcpa.com/should-you-treat-a-partner-as-an-employee Taxation thumbnail main image https://www.mbkcpa.com/how-to-report-stock-sales Nonqualified Options How to Report Stock Sales The tax treatment of nonqualified stock options (NSOs) is... The post Tax Tactics August 2015 appeared first on Meyers Brothers Kalicka. Wed, 05 Aug 2015 19:18:00 GMT https://www.mbkcpa.com/how-to-report-stock-sales Taxation thumbnail main image https://www.mbkcpa.com/august-2015-nonprofitability-3 Cybercrime Get Ready To Fight Back Cyber thieves don’t physically grab your keys or force an... The post August 2015 Nonprofitability appeared first on Meyers Brothers Kalicka. Tue, 04 Aug 2015 12:52:00 GMT https://www.mbkcpa.com/august-2015-nonprofitability-3 Taxation thumbnail main image https://www.mbkcpa.com/august-2015-nonprofitability-2 3 Tips To Improve Development And Accounting Collaboration Communication breakdowns between a nonprofit organization’s development and... The post August 2015 Nonprofitability appeared first on Meyers Brothers Kalicka. Tue, 04 Aug 2015 12:00:00 GMT https://www.mbkcpa.com/august-2015-nonprofitability-2 Non-Profit thumbnail main image https://www.mbkcpa.com/advice-thats-on-the-money-401k-plans-require-investments-in-time-and-energy Offering a 401(k) or 403(b) plan at your practice is often necessary to attract and retain... The post Advice That’s on the Money: 401(k) Plans Require Investments — in Time and Energy appeared first on Meyers Brothers Kalicka. Mon, 03 Aug 2015 17:25:00 GMT https://www.mbkcpa.com/advice-thats-on-the-money-401k-plans-require-investments-in-time-and-energy Healthcare thumbnail main image https://www.mbkcpa.com/july-2015-nonprofitability-4 Newsbits Community Foundations Embrace Impact Investing A report from the Democracy Collaborative concludes that community foundations,... The post August 2015 Nonprofitability appeared first on Meyers Brothers Kalicka. Fri, 17 Jul 2015 19:55:00 GMT https://www.mbkcpa.com/july-2015-nonprofitability-4 Non-Profit thumbnail main image https://www.mbkcpa.com/july-2015-nonprofitability Corporate Sponsorship Money: Is It Taxable? Nonprofits have pursued corporate sponsorships for years, with good reason.... The post August 2015 Nonprofitability appeared first on Meyers Brothers Kalicka. Fri, 17 Jul 2015 18:55:00 GMT https://www.mbkcpa.com/july-2015-nonprofitability Non-Profit thumbnail main image https://www.mbkcpa.com/mbk-day-of-service MBK had fun participating in this year’s MSCPA Day of Service! We had accountants working all... The post MBK Day of Service appeared first on Meyers Brothers Kalicka. Fri, 10 Jul 2015 19:03:00 GMT https://www.mbkcpa.com/mbk-day-of-service News & Events thumbnail main image https://www.mbkcpa.com/taxtactics-july-2015-4 Tax Tips Investors: Have your cake and eat it too A good tax-planning technique is to... The post TaxTactics July 2015 appeared first on Meyers Brothers Kalicka. Thu, 09 Jul 2015 19:49:00 GMT https://www.mbkcpa.com/taxtactics-july-2015-4 Taxation thumbnail main image https://www.mbkcpa.com/taxtactics-july-2015-3 The IRS is Watching Understanding the Difference Between an Employee and an Independent Contractor It’s an... The post TaxTactics July 2015 appeared first on Meyers Brothers Kalicka. Thu, 09 Jul 2015 19:43:00 GMT https://www.mbkcpa.com/taxtactics-july-2015-3 Taxation thumbnail main image https://www.mbkcpa.com/taxtactics-july-2015-2 How You Can Avoid a Huge Tax Trap Beware of the Generation-Skipping Tax As you plan... The post TaxTactics July 2015 appeared first on Meyers Brothers Kalicka. Thu, 09 Jul 2015 19:36:00 GMT https://www.mbkcpa.com/taxtactics-july-2015-2 Taxation thumbnail main image https://www.mbkcpa.com/taxtactics-july-2015 Roth or Traditional: Which is Better? Roth IRAs allow you to withdraw contributions and earnings tax-free,... The post TaxTactics July 2015 appeared first on Meyers Brothers Kalicka. Thu, 09 Jul 2015 19:18:00 GMT https://www.mbkcpa.com/taxtactics-july-2015 Taxation thumbnail main image https://www.mbkcpa.com/healthy-perspectives-june-2015-4   Practice Notes Exploring the Ins and Outs of Outsourcing the Billing Function Physician practices wrestle... The post Healthy Perspectives June 2015 appeared first on Meyers Brothers Kalicka. Fri, 26 Jun 2015 15:19:00 GMT https://www.mbkcpa.com/healthy-perspectives-june-2015-4 Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-june-2015-3 Going Boutique? How Concierge Services Can Work for Your Practice Concierge services provide physicians with the... The post Healthy Perspectives June 2015 appeared first on Meyers Brothers Kalicka. Fri, 26 Jun 2015 15:11:00 GMT https://www.mbkcpa.com/healthy-perspectives-june-2015-3 Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-june-2015-2 Paths to Practice Success in a Value-Based Market It’s no secret that health care reimbursement is... The post Healthy Perspectives June 2015 appeared first on Meyers Brothers Kalicka. Fri, 26 Jun 2015 15:02:00 GMT https://www.mbkcpa.com/healthy-perspectives-june-2015-2 Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-june-2015 How to Avoid Data Breaches in Your Practice Did you know that the three most common... The post Healthy Perspectives June 2015 appeared first on Meyers Brothers Kalicka. Fri, 26 Jun 2015 14:51:00 GMT https://www.mbkcpa.com/healthy-perspectives-june-2015 Healthcare thumbnail main image https://www.mbkcpa.com/tax-alert-foreign-account-filing-requriements TAX ALERT Foreign Account Filing Requirements We wanted to make you aware of two foreign account filing... The post Tax Alert! Foreign Account Filing Requriements appeared first on Meyers Brothers Kalicka. Thu, 04 Jun 2015 20:27:00 GMT https://www.mbkcpa.com/tax-alert-foreign-account-filing-requriements Taxation thumbnail main image https://www.mbkcpa.com/nonprofitability-may-2015-3   Newsbits “Checkbook philanthropy” breeds donor dissatisfaction A report from UBS Wealth Management Americas found that... The post NonProfitability – May 2015 appeared first on Meyers Brothers Kalicka. Thu, 21 May 2015 20:50:00 GMT https://www.mbkcpa.com/nonprofitability-may-2015-3 Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofitability-may-2015-2 How to Improve Your Accounting Function A not-for-profit’s accounting function is its financial backbone. Efficient accounting processes... The post NonProfitability – May 2015 appeared first on Meyers Brothers Kalicka. Thu, 21 May 2015 20:48:00 GMT https://www.mbkcpa.com/nonprofitability-may-2015-2 Non-Profit thumbnail main image https://www.mbkcpa.com/non-profitability-may-2015 Does your nonprofit suffer from Founder’s Syndrome? Of the many afflictions that can impede a nonprofit’s... The post Non-Profitability – May 2015 appeared first on Meyers Brothers Kalicka. Thu, 21 May 2015 20:46:00 GMT https://www.mbkcpa.com/non-profitability-may-2015 Non-Profit thumbnail main image https://www.mbkcpa.com/nonprofitability-may-2015   Beyond the Bottom Line: The Power of Outcome Measures A U.S. charity recently made the... The post NonProfitability – May 2015 appeared first on Meyers Brothers Kalicka. Thu, 21 May 2015 20:43:00 GMT https://www.mbkcpa.com/nonprofitability-may-2015 Non-Profit thumbnail main image https://www.mbkcpa.com/healthy-perspectives-may-2015-4 Tips on How to Engage Your Patients Patient engagement has always been considered a desirable feature... The post Healthy Perspectives May 2015 appeared first on Meyers Brothers Kalicka. Mon, 11 May 2015 20:14:00 GMT https://www.mbkcpa.com/healthy-perspectives-may-2015-4 Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-may-2015-3 Compensating Providers for the Value of Their Work It’s hard to miss news reports discussing the... The post Healthy Perspectives May 2015 appeared first on Meyers Brothers Kalicka. Mon, 11 May 2015 20:12:00 GMT https://www.mbkcpa.com/healthy-perspectives-may-2015-3 Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-may-2015-2 Dissension in the Ranks How to Knock Out Physician Conflicts It’s sad to say, but not... The post Healthy Perspectives May 2015 appeared first on Meyers Brothers Kalicka. Mon, 11 May 2015 20:09:00 GMT https://www.mbkcpa.com/healthy-perspectives-may-2015-2 Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-may-2015 Are You Ready for the Next Step? The Ins and Outs of Stage 2 Meaningful Use... The post Healthy Perspectives May 2015 appeared first on Meyers Brothers Kalicka. Mon, 11 May 2015 20:06:00 GMT https://www.mbkcpa.com/healthy-perspectives-may-2015 Healthcare thumbnail main image https://www.mbkcpa.com/2015-legislative-update-chip-re-authorization-provides-a-payment-solution-to-sustainable-growth-rate Throughout the early spring of 2015, the main buzz around Capitol Hill centered on the anticipated... The post 2015 Legislative Update: CHIP Re-authorization Provides a Payment Solution to Sustainable Growth Rate appeared first on Meyers Brothers Kalicka. Mon, 11 May 2015 19:27:00 GMT https://www.mbkcpa.com/2015-legislative-update-chip-re-authorization-provides-a-payment-solution-to-sustainable-growth-rate Business thumbnail main image https://www.mbkcpa.com/taxtactics-may-2015-3 Tax Tips IRS Announces Transition Rule for IRA Rollovers An IRA rollover allows you to withdraw... The post TaxTactics May 2015 appeared first on Meyers Brothers Kalicka. Mon, 04 May 2015 14:07:00 GMT https://www.mbkcpa.com/taxtactics-may-2015-3 Taxation thumbnail main image https://www.mbkcpa.com/taxtactics-may-2015-2 Deferred Compensation: Are You in Compliance with Sec. 409A? As the IRS steps up its audit... The post TaxTactics May 2015 appeared first on Meyers Brothers Kalicka. Mon, 04 May 2015 14:05:00 GMT https://www.mbkcpa.com/taxtactics-may-2015-2 Taxation thumbnail main image https://www.mbkcpa.com/taxtactics-may-2015 Transferring Ownership While Retaining Control: A GRAT or IDIT Can Help If a large portion of... The post TaxTactics May 2015 appeared first on Meyers Brothers Kalicka. Mon, 04 May 2015 13:58:00 GMT https://www.mbkcpa.com/taxtactics-may-2015 Taxation thumbnail main image https://www.mbkcpa.com/business-as-we-see-it-may-2015-3 Watch Out! There are New Rules Regarding Excepted Benefits Does your company offer dental, vision, long-term... The post Business As We See It May 2015 appeared first on Meyers Brothers Kalicka. Mon, 04 May 2015 13:50:00 GMT https://www.mbkcpa.com/business-as-we-see-it-may-2015-3 Business thumbnail main image https://www.mbkcpa.com/business-as-we-see-it-may-2015-2 Are You Classifying Your Employees Correctly? How can you tell if you’re correctly classifying employees as... The post Business As We See It May 2015 appeared first on Meyers Brothers Kalicka. Mon, 04 May 2015 13:48:00 GMT https://www.mbkcpa.com/business-as-we-see-it-may-2015-2 Business thumbnail main image https://www.mbkcpa.com/business-as-we-see-it-may-2015 Oops… My Family Business Chose the Wrong Successor! Hopefully, your family business has chosen a great... The post Business As We See It May 2015 appeared first on Meyers Brothers Kalicka. Mon, 04 May 2015 13:44:00 GMT https://www.mbkcpa.com/business-as-we-see-it-may-2015 Business thumbnail main image https://www.mbkcpa.com/we-were-proud-to-host-this-years-difference-makers The Business West Difference Maker’s Program is just one of many community programs in the greater... The post We were proud to host this year’s difference makers. appeared first on Meyers Brothers Kalicka. Mon, 30 Mar 2015 20:09:00 GMT https://www.mbkcpa.com/we-were-proud-to-host-this-years-difference-makers News & Events thumbnail main image https://www.mbkcpa.com/april-2015-non-profitability-4 Newsbits Charity Navigator Evaluates Major Philanthropic Markets Charity Navigator has published a report on the performance... The post April 2015 – Non-Profitability appeared first on Meyers Brothers Kalicka. Sat, 28 Mar 2015 15:01:00 GMT https://www.mbkcpa.com/april-2015-non-profitability-4 Non-Profit thumbnail main image https://www.mbkcpa.com/april-2015-non-profitability-3 Do Your Part For Donors IRS substantiation rules apply to contributors Your donors will be gearing... The post April 2015 – Non-Profitability appeared first on Meyers Brothers Kalicka. Sat, 28 Mar 2015 15:00:00 GMT https://www.mbkcpa.com/april-2015-non-profitability-3 Non-Profit thumbnail main image https://www.mbkcpa.com/april-2015-non-profitability-2 Are you ready for the Omni Circular? The Office of Management and Budget’s (OMB’s) so-called Omni... The post April 2015 – Non-Profitability appeared first on Meyers Brothers Kalicka. Sat, 28 Mar 2015 14:59:00 GMT https://www.mbkcpa.com/april-2015-non-profitability-2 Non-Profit thumbnail main image https://www.mbkcpa.com/april-2015-non-profitability Building a stronger internal audit function In recent years, nonprofits have been the target of increased... The post April 2015 – Non-Profitability appeared first on Meyers Brothers Kalicka. Sat, 28 Mar 2015 14:58:00 GMT https://www.mbkcpa.com/april-2015-non-profitability Non-Profit thumbnail main image https://www.mbkcpa.com/choose-malpractice-coverage-wisely-healthy-perspectives Choose Malpractice Coverage Wisely All physicians must have malpractice insurance. But all policies aren’t alike. It’s... The post March 2015 appeared first on Meyers Brothers Kalicka. Mon, 16 Mar 2015 19:42:00 GMT https://www.mbkcpa.com/choose-malpractice-coverage-wisely-healthy-perspectives Healthcare thumbnail main image https://www.mbkcpa.com/digging-through-employment-law-issues Digging Through Employment Law Issues Every physician group is subject to numerous federal and state employment... The post March 2015 appeared first on Meyers Brothers Kalicka. Mon, 16 Mar 2015 19:38:00 GMT https://www.mbkcpa.com/digging-through-employment-law-issues Healthcare thumbnail main image https://www.mbkcpa.com/preparing-to-sell-a-medical-practice-healthy-perspectives Preparing to Sell a Medical Practice: 3 Key Steps Whether you’re considering selling your medical practice... The post March 2015 appeared first on Meyers Brothers Kalicka. Mon, 16 Mar 2015 19:33:00 GMT https://www.mbkcpa.com/preparing-to-sell-a-medical-practice-healthy-perspectives Healthcare thumbnail main image https://www.mbkcpa.com/determining-what-records-to-keep-to-substantiate-expenses With the start of a new tax year, taxes become the focus of many businesses. As... The post Determining What Records to Keep to Substantiate Expenses appeared first on Meyers Brothers Kalicka. Mon, 16 Mar 2015 19:26:00 GMT https://www.mbkcpa.com/determining-what-records-to-keep-to-substantiate-expenses Taxation thumbnail main image https://www.mbkcpa.com/taxtactics-february-2015-captial-gains-may-be-trapped Capital gains may be trapped inside your trusts Many families today are attempting to reduce their... The post TaxTactics February 2015 appeared first on Meyers Brothers Kalicka. Mon, 09 Feb 2015 16:20:00 GMT https://www.mbkcpa.com/taxtactics-february-2015-captial-gains-may-be-trapped Taxation thumbnail main image https://www.mbkcpa.com/taxtactics-february-2015-loans-between-businesses-and-owners Loans Between Businesses and Their Owners Why you need to dot the “i’s” and cross all... The post TaxTactics February 2015 appeared first on Meyers Brothers Kalicka. Mon, 09 Feb 2015 16:18:00 GMT https://www.mbkcpa.com/taxtactics-february-2015-loans-between-businesses-and-owners Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-february-2015-taxtips Tax Tips Take advantage of the 0% capital gains tax rate For high-income earners, long-term capital... The post Tax Tactics: February 2015 appeared first on Meyers Brothers Kalicka. Mon, 09 Feb 2015 16:15:00 GMT https://www.mbkcpa.com/tax-tactics-february-2015-taxtips Taxation thumbnail main image https://www.mbkcpa.com/taxtactics-february-2014-multistate-taxation Multistate taxation: How the laws may trip you up If you split your time between two... The post TaxTactics February 2015 appeared first on Meyers Brothers Kalicka. Mon, 09 Feb 2015 16:12:00 GMT https://www.mbkcpa.com/taxtactics-february-2014-multistate-taxation Taxation thumbnail main image https://www.mbkcpa.com/business-as-we-see-it-january-2016-2 Got Kids? Then you need a good tax advisor Although most tax planning focuses on adults... The post Business As We See It: January 2016 appeared first on Meyers Brothers Kalicka. Wed, 21 Jan 2015 17:02:00 GMT https://www.mbkcpa.com/business-as-we-see-it-january-2016-2 Business thumbnail main image https://www.mbkcpa.com/ira-considerations-advantages-disadvantages It’s a common belief that Social Security benefits alone will not be enough to fund your... The post IRA Considerations – Advantages and Disadvantages appeared first on Meyers Brothers Kalicka. Tue, 13 Jan 2015 11:51:00 GMT https://www.mbkcpa.com/ira-considerations-advantages-disadvantages Business thumbnail main image https://www.mbkcpa.com/repair-regs-update There are important tax changes that will impact your 2014 income tax return. These changes, known... The post Repair Regs Update appeared first on Meyers Brothers Kalicka. Mon, 22 Dec 2014 19:23:00 GMT https://www.mbkcpa.com/repair-regs-update Taxation thumbnail main image https://www.mbkcpa.com/rules-for-charitable-contribution-deductions As year-end approaches, most charities see an increase in donations as a result of donors’ year-end tax... The post Rules for Charitable Contribution Deductions appeared first on Meyers Brothers Kalicka. Mon, 15 Dec 2014 11:00:00 GMT https://www.mbkcpa.com/rules-for-charitable-contribution-deductions Taxation thumbnail main image https://www.mbkcpa.com/buying-life-insurance-tax-rules-make-practice-complicated-many-think There are many reasons why an employer might buy life insurance for their employees: employee benefits,... The post Buying Life Insurance – Tax Rules Make This Practice More Complicated Than Many Think appeared first on Meyers Brothers Kalicka. Thu, 27 Nov 2014 11:00:00 GMT https://www.mbkcpa.com/buying-life-insurance-tax-rules-make-practice-complicated-many-think Business thumbnail main image https://www.mbkcpa.com/david-kalicka-featured-suit-magazine David Kalicka and MBK were recently spotlighted in The Suit Magazine, a Business and Enterprise publication... The post David Kalicka featured in The Suit Magazine appeared first on Meyers Brothers Kalicka. Mon, 10 Nov 2014 20:06:00 GMT https://www.mbkcpa.com/david-kalicka-featured-suit-magazine News & Events thumbnail main image https://www.mbkcpa.com/tax-tactics-october-2014-4 Tax Tips Get on the Fast Track The IRS has expanded its Fast Track Settlement (FTS)... The post Tax Tactics – October 2014 appeared first on Meyers Brothers Kalicka. Thu, 09 Oct 2014 13:21:00 GMT https://www.mbkcpa.com/tax-tactics-october-2014-4 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-october-2014-3 Material Participation Key to Deducting LLC and LLP Losses If your business is a limited liability... The post Tax Tactics – October 2014 appeared first on Meyers Brothers Kalicka. Thu, 09 Oct 2014 13:19:00 GMT https://www.mbkcpa.com/tax-tactics-october-2014-3 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-october-2014-2 Why a Private Annuity is a Powerful Estate Planning Tool Affluent families looking for ways to... The post Tax Tactics – October 2014 appeared first on Meyers Brothers Kalicka. Thu, 09 Oct 2014 13:18:00 GMT https://www.mbkcpa.com/tax-tactics-october-2014-2 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-october-2014 Could the NIIT Apply to the Sale of Your Home? The 3.8% net investment income tax... The post Tax Tactics – October 2014 appeared first on Meyers Brothers Kalicka. Wed, 08 Oct 2014 18:42:00 GMT https://www.mbkcpa.com/tax-tactics-october-2014 Taxation thumbnail main image https://www.mbkcpa.com/rsvp-big-decision-start-collecting-social-security Back by popular demand, Doug Wheat, CFP© now of United Capital Financial Advisers, LLC, will be... The post RSVP: The BIG Decision: When to Start Collecting Social Security appeared first on Meyers Brothers Kalicka. Tue, 30 Sep 2014 14:34:00 GMT https://www.mbkcpa.com/rsvp-big-decision-start-collecting-social-security News & Events thumbnail main image https://www.mbkcpa.com/how-to-get-organized-for-your-tax-returns Tax season can often be a stressful time of year for just about everyone. The key... The post How to Get Organized for Your Tax Returns appeared first on Meyers Brothers Kalicka. Thu, 11 Sep 2014 17:40:00 GMT https://www.mbkcpa.com/how-to-get-organized-for-your-tax-returns thumbnail main image https://www.mbkcpa.com/business-see-september-2014-4 Copyright basics 101: How to avoid violating the law Business owners with an online presence often... The post Business As We See It – September 2014 appeared first on Meyers Brothers Kalicka. Thu, 11 Sep 2014 17:03:00 GMT https://www.mbkcpa.com/business-see-september-2014-4 Business thumbnail main image https://www.mbkcpa.com/business-see-september-2014-3 The Ins and Outs of the Individual Shared Responsibility Payment   Among the many provisions of... The post Business As We See It – September 2014 appeared first on Meyers Brothers Kalicka. Thu, 11 Sep 2014 15:23:00 GMT https://www.mbkcpa.com/business-see-september-2014-3 Business thumbnail main image https://www.mbkcpa.com/business-see-september-2014-2 College expenses getting you down? Uncle Sam offers some valuable relief   If you have children... The post Business As We See It – September 2014 appeared first on Meyers Brothers Kalicka. Thu, 11 Sep 2014 15:22:00 GMT https://www.mbkcpa.com/business-see-september-2014-2 Business thumbnail main image https://www.mbkcpa.com/business-see-september-2014 Spotting the Warning Signs That a Customer Isn’t Planning to Pay Of all the responsibilities that... The post Business As We See It – September 2014 appeared first on Meyers Brothers Kalicka. Thu, 11 Sep 2014 15:18:00 GMT https://www.mbkcpa.com/business-see-september-2014 Business thumbnail main image https://www.mbkcpa.com/mbks-christopher-marini-appointed-sso-board-trustees Meyers Brothers Kalicka, P.C. announced the appointment of Christopher Marini to the board of trustees for... The post MBK’s Christopher Marini Appointed to SSO Board of Trustees appeared first on Meyers Brothers Kalicka. Thu, 28 Aug 2014 17:42:00 GMT https://www.mbkcpa.com/mbks-christopher-marini-appointed-sso-board-trustees News & Events thumbnail main image https://www.mbkcpa.com/taxtactics-july-2014-4   Tax Tips Business owners: Hire your kids to save taxes If you hire your children,... The post TaxTactics – August 2014 appeared first on Meyers Brothers Kalicka. Thu, 24 Jul 2014 17:38:00 GMT https://www.mbkcpa.com/taxtactics-july-2014-4 Taxation thumbnail main image https://www.mbkcpa.com/taxtactics-july-2014-3     Undisclosed Foreign Accounts: Handle With Care Do you own or control any foreign financial... The post TaxTactics – August 2014 appeared first on Meyers Brothers Kalicka. Thu, 24 Jul 2014 17:35:00 GMT https://www.mbkcpa.com/taxtactics-july-2014-3 Taxation thumbnail main image https://www.mbkcpa.com/taxtactics-july-2014-2       How Defined-Value Gifts Can Help Limit Your Tax Exposure Making large gifts can... The post TaxTactics – August 2014 appeared first on Meyers Brothers Kalicka. Thu, 24 Jul 2014 17:33:00 GMT https://www.mbkcpa.com/taxtactics-july-2014-2 Taxation thumbnail main image https://www.mbkcpa.com/taxtactics-july-2014     Capturing the Benefits of Captive Insurance For years, large corporations have used captive insurance... The post TaxTactics – August 2014 appeared first on Meyers Brothers Kalicka. Thu, 24 Jul 2014 17:28:00 GMT https://www.mbkcpa.com/taxtactics-july-2014 Taxation thumbnail main image https://www.mbkcpa.com/june-20144 Why you still need a credit shelter trust Some married couples may be thinking that, with... The post June 2014 appeared first on Meyers Brothers Kalicka. Tue, 08 Jul 2014 14:00:00 GMT https://www.mbkcpa.com/june-20144 Business thumbnail main image https://www.mbkcpa.com/june-20143 Personal financial accounts: Is it time to consolidate? Over time, many people accumulate multiple bank, investment... The post June 2014 appeared first on Meyers Brothers Kalicka. Tue, 08 Jul 2014 13:59:00 GMT https://www.mbkcpa.com/june-20143 Business thumbnail main image https://www.mbkcpa.com/june-20142 Transferring family-business ownership to the next generation There comes a time in almost every family-owned business... The post June 2014 appeared first on Meyers Brothers Kalicka. Tue, 08 Jul 2014 13:51:00 GMT https://www.mbkcpa.com/june-20142 Business thumbnail main image https://www.mbkcpa.com/june-20141   Getting a handle on the ACA’s “play or pay” provision Come Jan. 1, 2015, “large”... The post June 2014 appeared first on Meyers Brothers Kalicka. Tue, 08 Jul 2014 13:50:00 GMT https://www.mbkcpa.com/june-20141 Business thumbnail main image https://www.mbkcpa.com/2014-tax-planning-take-steps-now-reduce-2014-tax-burden With the 2013 tax-filing season behind the majority of businesses and individuals, now is the best... The post 2014 Tax Planning – Take Steps Now to Reduce Your 2014 Tax Burden appeared first on Meyers Brothers Kalicka. Tue, 08 Jul 2014 13:45:00 GMT https://www.mbkcpa.com/2014-tax-planning-take-steps-now-reduce-2014-tax-burden Taxation thumbnail main image https://www.mbkcpa.com/press-release-kristina-drzal-houghton-elected-chair-springfield-boys-girls-club SPRINGFIELD — At its recent annual meeting, the Springfield Boys & Girls Club board of directors elected... The post Press Release: Kristina Drzal Houghton Elected Chair of Springfield Boys & Girls Club appeared first on Meyers Brothers Kalicka. Wed, 25 Jun 2014 13:40:00 GMT https://www.mbkcpa.com/press-release-kristina-drzal-houghton-elected-chair-springfield-boys-girls-club News & Events thumbnail main image https://www.mbkcpa.com/board-responsibility-form-990 As a business professional in Western Mass., there is a high likelihood that you have been... The post Board Responsibility and the Form 990 appeared first on Meyers Brothers Kalicka. Thu, 15 May 2014 13:56:00 GMT https://www.mbkcpa.com/board-responsibility-form-990 Taxation thumbnail main image https://www.mbkcpa.com/asset-allocation-is-key-to-making-sure-your-goals-are-met The most important investing decision for individual investors is how much to save from your paycheck.... The post Asset Allocation is Key to Making Sure Your Goals Are Met appeared first on Meyers Brothers Kalicka. Tue, 25 Feb 2014 18:03:00 GMT https://www.mbkcpa.com/asset-allocation-is-key-to-making-sure-your-goals-are-met Business thumbnail main image https://www.mbkcpa.com/taxtactics-february-2014-tax-tactics Tax Tips Is your business entitled to a post-DOMA tax refund? After the U.S. Supreme Court... The post TaxTactics March 2014 appeared first on Meyers Brothers Kalicka. Thu, 20 Feb 2014 15:54:00 GMT https://www.mbkcpa.com/taxtactics-february-2014-tax-tactics Taxation thumbnail main image https://www.mbkcpa.com/taxtactics-february-2014-qtip Provide for your spouse, then your kids, with a QTIP trust Do you want to provide... The post TaxTactics March 2014 appeared first on Meyers Brothers Kalicka. Thu, 20 Feb 2014 15:45:00 GMT https://www.mbkcpa.com/taxtactics-february-2014-qtip Taxation thumbnail main image https://www.mbkcpa.com/taxtactics-february-2013-aca-individual-mandate Does the ACA’s individual mandate affect you? Starting Jan. 1, 2014, the Affordable Care Act (ACA)... The post TaxTactics March 2013 appeared first on Meyers Brothers Kalicka. Thu, 20 Feb 2014 15:22:00 GMT https://www.mbkcpa.com/taxtactics-february-2013-aca-individual-mandate Taxation thumbnail main image https://www.mbkcpa.com/taxtactics-february-2014-the-tax-ins-and-outs-employee-fringe-benefits The Tax Ins and Outs of Employee Fringe benefits Many taxpayers associate the term “fringe benefits”... The post TaxTactics March 2014 appeared first on Meyers Brothers Kalicka. Thu, 20 Feb 2014 15:10:00 GMT https://www.mbkcpa.com/taxtactics-february-2014-the-tax-ins-and-outs-employee-fringe-benefits Taxation thumbnail main image https://www.mbkcpa.com/non-profitability-winter-2014-newsbits Newsbits Court says donor is entitled to return of restricted gift A New Jersey court of... The post Non-Profitability Winter 2014 appeared first on Meyers Brothers Kalicka. Thu, 20 Feb 2014 14:50:00 GMT https://www.mbkcpa.com/non-profitability-winter-2014-newsbits Non-Profit thumbnail main image https://www.mbkcpa.com/keeping-an-eye-on-ubi Keeping an eye on UBI Understand unrelated business income and how to avoid excess amounts Like... The post Non-Profitability Winter 2013 appeared first on Meyers Brothers Kalicka. Thu, 20 Feb 2014 14:43:00 GMT https://www.mbkcpa.com/keeping-an-eye-on-ubi Non-Profit thumbnail main image https://www.mbkcpa.com/non-profitability-winter-2014-peer-to-peer-fundraising Make the most of peer-to-peer fundraising Peer-to-peer fundraising events — for example, walks and runs —... The post Non-Profitability Winter 2014 appeared first on Meyers Brothers Kalicka. Thu, 20 Feb 2014 14:36:00 GMT https://www.mbkcpa.com/non-profitability-winter-2014-peer-to-peer-fundraising Non-Profit thumbnail main image https://www.mbkcpa.com/non-profitability-winter-2014-1 Tips for communicating financial information to the board While board members typically bring a variety of... The post Non-Profitability Winter 2014 appeared first on Meyers Brothers Kalicka. Thu, 20 Feb 2014 14:22:00 GMT https://www.mbkcpa.com/non-profitability-winter-2014-1 Non-Profit thumbnail main image https://www.mbkcpa.com/practice-office-workflow-best-practices As a physician, time management can be a challenge. Late patients, unexpected sick visits, and appointments... The post Practice/ Office Workflow Best Practices appeared first on Meyers Brothers Kalicka. Sat, 15 Feb 2014 18:09:00 GMT https://www.mbkcpa.com/practice-office-workflow-best-practices Healthcare thumbnail main image https://www.mbkcpa.com/succession-planning-a-critical-insurance-policy Business owners spend years building a successful business, a lot of back breaking years full of... The post Succession Planning: A Critical Insurance Policy appeared first on Meyers Brothers Kalicka. Thu, 02 Jan 2014 14:48:00 GMT https://www.mbkcpa.com/succession-planning-a-critical-insurance-policy Business thumbnail main image https://www.mbkcpa.com/healthy-perspectives-year-end-2013-4 Practice Notes Patient Kiosks May Be the Wave of the Future In the future, patients may... The post Healthy Perspectives Year End 2013 appeared first on Meyers Brothers Kalicka. Fri, 27 Dec 2013 19:33:00 GMT https://www.mbkcpa.com/healthy-perspectives-year-end-2013-4 Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-year-end-2013-3 Beware: Malpractice lawsuits can derail your nest egg Lawsuits run rampant in this nation, and that... The post Healthy Perspectives Year End 2013 appeared first on Meyers Brothers Kalicka. Fri, 27 Dec 2013 19:27:00 GMT https://www.mbkcpa.com/healthy-perspectives-year-end-2013-3 Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-year-end-2013-2 Billing and Collections Harnessing Best Practices in Claim Denial Management Claim denials are a huge financial... The post Healthy Perspectives Year End 2013 appeared first on Meyers Brothers Kalicka. Fri, 27 Dec 2013 19:24:00 GMT https://www.mbkcpa.com/healthy-perspectives-year-end-2013-2 Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-year-end-2013 The business imperatives of high-performing practices In the face of rapidly changing fiscal and regulatory conditions,... The post Healthy Perspectives Year End 2013 appeared first on Meyers Brothers Kalicka. Fri, 27 Dec 2013 18:57:00 GMT https://www.mbkcpa.com/healthy-perspectives-year-end-2013 Healthcare thumbnail main image https://www.mbkcpa.com/2013-tax-planning 2013 Tax Planning is inherently complex, with the most powerful tax strategies often relying as much... The post 2013 Tax Planning appeared first on Meyers Brothers Kalicka. Mon, 09 Dec 2013 17:44:00 GMT https://www.mbkcpa.com/2013-tax-planning Taxation thumbnail main image https://www.mbkcpa.com/roth-ira 3 Ways for Higher-Income Taxpayers to Enjoy Tax-Free Roth Accounts Roth IRAs offer substantial benefits. Although... The post November – December 2013 appeared first on Meyers Brothers Kalicka. Tue, 03 Dec 2013 20:36:00 GMT https://www.mbkcpa.com/roth-ira Business thumbnail main image https://www.mbkcpa.com/november-december-2013 Don’t Let Estate Taxes Force Your Heirs to Sell the Family Business Many family business owners... The post November – December 2013 appeared first on Meyers Brothers Kalicka. Tue, 03 Dec 2013 20:34:00 GMT https://www.mbkcpa.com/november-december-2013 Business thumbnail main image https://www.mbkcpa.com/ocboa New Financial Reporting Options for Small Businesses If you own and run a small, privately held... The post November – December 2013 appeared first on Meyers Brothers Kalicka. Tue, 03 Dec 2013 20:32:00 GMT https://www.mbkcpa.com/ocboa Business thumbnail main image https://www.mbkcpa.com/home-office-deduction The IRS Offers a Simpler Home Office Deduction If you’re one of the approximately 3.4 million... The post Nov/Dec appeared first on Meyers Brothers Kalicka. Tue, 03 Dec 2013 20:29:00 GMT https://www.mbkcpa.com/home-office-deduction Business thumbnail main image https://www.mbkcpa.com/lease-accounting-changes Leasing is an important aspect of running a business for many organizations, whether it’s a small... The post Proposed Lease Accounting Changes appeared first on Meyers Brothers Kalicka. Wed, 25 Sep 2013 16:25:00 GMT https://www.mbkcpa.com/lease-accounting-changes Business thumbnail main image https://www.mbkcpa.com/former-irs-commissioner-mark-everson-speaks-meyers-brothers-kalicka Holyoke, MA — On August 20, 2013, Meyers Brothers Kalicka hosted a Q&A session with alliantgroup... The post Former IRS Commissioner Mark Everson Speaks At Meyers Brothers Kalicka appeared first on Meyers Brothers Kalicka. Tue, 10 Sep 2013 14:31:00 GMT https://www.mbkcpa.com/former-irs-commissioner-mark-everson-speaks-meyers-brothers-kalicka News & Events thumbnail main image https://www.mbkcpa.com/james-w-barrett-cpa-pfs-mst-featured-in-business-west-cover-story Jim Barret was recently featured in the cover story of Business West, entitled “Slow Climb: Headwinds... The post James W. Barrett, CPA/ PFS, MST Featured in Business West Cover Story appeared first on Meyers Brothers Kalicka. Tue, 27 Aug 2013 20:17:00 GMT https://www.mbkcpa.com/james-w-barrett-cpa-pfs-mst-featured-in-business-west-cover-story News & Events thumbnail main image https://www.mbkcpa.com/august-2013-tax-tips Play or pay: Is your business ready? Beginning in 2014, the Patient Protection and Affordable Care... The post August 2013 Tax Tips appeared first on Meyers Brothers Kalicka. Tue, 27 Aug 2013 17:36:00 GMT https://www.mbkcpa.com/august-2013-tax-tips Taxation thumbnail main image https://www.mbkcpa.com/august-2013-capital-gains-after-atra Capital gains after ATRA: Why planning is so critical Thanks to the American Taxpayer Relief Act... The post August 2013 appeared first on Meyers Brothers Kalicka. Tue, 27 Aug 2013 17:32:00 GMT https://www.mbkcpa.com/august-2013-capital-gains-after-atra Taxation thumbnail main image https://www.mbkcpa.com/rsvp-the-big-decision-when-to-start-collecting-social-security Doug Wheat, CFP© now of United Capital Financial Advisers, LLC, will be speaking at Meyers Brothers Kalicka, P.C. on the Big Decision: When to Start Collecting Social Security. We invite you to join us for this educational event. Sat, 24 Aug 2013 16:47:00 GMT https://www.mbkcpa.com/rsvp-the-big-decision-when-to-start-collecting-social-security News & Events thumbnail main image https://www.mbkcpa.com/a-numbers-game-how-to-account-for-incurred-business-expenses As a business owner, have you ever asked yourself, ‘am I accounting for employee-incurred business expenses... The post A Numbers Game: How to Account for Incurred Business Expenses appeared first on Meyers Brothers Kalicka. Mon, 05 Aug 2013 12:00:00 GMT https://www.mbkcpa.com/a-numbers-game-how-to-account-for-incurred-business-expenses Business thumbnail main image https://www.mbkcpa.com/2013-midyear-tax-planning It may seem that you just filed or extended your 2012 tax return, but it isn’t... The post 2013 MidYear Tax Planning appeared first on Meyers Brothers Kalicka. Wed, 31 Jul 2013 17:33:00 GMT https://www.mbkcpa.com/2013-midyear-tax-planning Taxation thumbnail main image https://www.mbkcpa.com/make-it-happen-stay-current-with-dental-and-medical-practice-technology While groundbreaking rulings and reform have been slower to make the news in 2013, this continues... The post Stay Current with Dental and Medical Practice Technology appeared first on Meyers Brothers Kalicka. Wed, 29 May 2013 16:13:00 GMT https://www.mbkcpa.com/make-it-happen-stay-current-with-dental-and-medical-practice-technology Healthcare thumbnail main image https://www.mbkcpa.com/spring-2013-4 8 Steps to a New Physician Compensation Plan If you’ve completed a merger or acquisition recently,... The post Spring 2013 appeared first on Meyers Brothers Kalicka. Wed, 29 May 2013 15:44:00 GMT https://www.mbkcpa.com/spring-2013-4 Healthcare thumbnail main image https://www.mbkcpa.com/spring-2013-3 Safeguarding Your Practice from Medicare Fraud Fraud in the Medicare system is, unfortunately, an ongoing problem.... The post Spring 2013 appeared first on Meyers Brothers Kalicka. Wed, 29 May 2013 15:43:00 GMT https://www.mbkcpa.com/spring-2013-3 Healthcare thumbnail main image https://www.mbkcpa.com/spring-2013-2 How to Avoid Medicare Penalties in 2013 2013 is going to be a big year for... The post Spring 2013 appeared first on Meyers Brothers Kalicka. Wed, 29 May 2013 15:35:00 GMT https://www.mbkcpa.com/spring-2013-2 Healthcare thumbnail main image https://www.mbkcpa.com/spring-2013 When Two Become One: Understanding the Ins and Outs of Practice  Recently projected trends in health... The post Spring 2013 appeared first on Meyers Brothers Kalicka. Wed, 29 May 2013 15:33:00 GMT https://www.mbkcpa.com/spring-2013 Healthcare thumbnail main image https://www.mbkcpa.com/funding-a-college-education A Crash Course in the Options Available to Parents and Students – This is what you... The post Funding a College Education appeared first on Meyers Brothers Kalicka. Mon, 20 May 2013 19:51:00 GMT https://www.mbkcpa.com/funding-a-college-education Business thumbnail main image https://www.mbkcpa.com/2013-tax-planning-consideration It’s Not Too Early to Start Thinking About 2013 Tax Planning by Cheryl Fitzgerald It’s never... The post 2013 Tax Planning Considerations appeared first on Meyers Brothers Kalicka. Fri, 26 Apr 2013 19:46:00 GMT https://www.mbkcpa.com/2013-tax-planning-consideration Taxation thumbnail main image https://www.mbkcpa.com/april-may-2013-4 Before donating a vehicle, find out the charity’s intent Charitable gifts allow you to benefit organizations... The post April/ May 2013 appeared first on Meyers Brothers Kalicka. Fri, 26 Apr 2013 18:42:00 GMT https://www.mbkcpa.com/april-may-2013-4 Business thumbnail main image https://www.mbkcpa.com/april-may-2013-3 Family Family Businesses: What’s the best way to address conflicts of interest? It’s normal for a... The post April/ May 2013 appeared first on Meyers Brothers Kalicka. Fri, 26 Apr 2013 18:30:00 GMT https://www.mbkcpa.com/april-may-2013-3 Business thumbnail main image https://www.mbkcpa.com/april-may-2013-2 Renovating Your House Projects That Can Pay Off When You Sell After several stagnant years, the... The post April/ May 2013 appeared first on Meyers Brothers Kalicka. Fri, 26 Apr 2013 17:54:00 GMT https://www.mbkcpa.com/april-may-2013-2 Business thumbnail main image https://www.mbkcpa.com/april-may-2013 How to Manage a Business in Uncertain Times With an economy that apparently can’t decide whether... The post April/ May 2013 appeared first on Meyers Brothers Kalicka. Fri, 26 Apr 2013 17:38:00 GMT https://www.mbkcpa.com/april-may-2013 Business thumbnail main image https://www.mbkcpa.com/what-does-the-fiscal-cliff-deal-mean-for-your-taxes What Does the “Fiscal Cliff” Deal Mean for Your Taxes? To avoid the so-called fiscal cliff,... The post April 2013 appeared first on Meyers Brothers Kalicka. Tue, 02 Apr 2013 15:01:00 GMT https://www.mbkcpa.com/what-does-the-fiscal-cliff-deal-mean-for-your-taxes Business thumbnail main image https://www.mbkcpa.com/protect-assets-with-trust Protect Assets Now or Later with a Trust There are many potential threats to your net... The post April 2013 appeared first on Meyers Brothers Kalicka. Tue, 02 Apr 2013 14:54:00 GMT https://www.mbkcpa.com/protect-assets-with-trust Business thumbnail main image https://www.mbkcpa.com/mobile-payments Business on the Go: Mobile Payments Offer Advantages Lots of businesses shy away from accepting credit... The post April 2013 appeared first on Meyers Brothers Kalicka. Tue, 02 Apr 2013 14:40:00 GMT https://www.mbkcpa.com/mobile-payments Business thumbnail main image https://www.mbkcpa.com/b-corporation To B or not to B Could your company benefit from being a B corporation? Many... The post April 2013 appeared first on Meyers Brothers Kalicka. Tue, 02 Apr 2013 14:29:00 GMT https://www.mbkcpa.com/b-corporation Business thumbnail main image https://www.mbkcpa.com/managing-property-tax-on-your-business Most businesses have recently finished their tax year and are closing their books and analyzing expenses.... The post Managing Property Tax on Your Business appeared first on Meyers Brothers Kalicka. Tue, 26 Mar 2013 13:13:00 GMT https://www.mbkcpa.com/managing-property-tax-on-your-business Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-tax-tips-february-2013   Tax Tips FICA refunds for severance pay? Recently, the Sixth U.S. Court of Appeals ruled... The post Tax Tactics: Tax Tips – February 2013 appeared first on Meyers Brothers Kalicka. Mon, 11 Feb 2013 19:47:00 GMT https://www.mbkcpa.com/tax-tactics-tax-tips-february-2013 Taxation thumbnail main image https://www.mbkcpa.com/tax-tactics-february-2013 Betting on a SCIN – This Tool May Help You Transfer Assets at Little or No Tax... The post Tax Tactics – February 2013 appeared first on Meyers Brothers Kalicka. Mon, 11 Feb 2013 19:46:00 GMT https://www.mbkcpa.com/tax-tactics-february-2013 Taxation thumbnail main image https://www.mbkcpa.com/depreciating-assetts-in-your-company Depreciating Assets in Your Company – Changes From the “American Taxpayer Relief Act of 2012” By... The post Depreciating Assets in Your Company appeared first on Meyers Brothers Kalicka. Mon, 11 Feb 2013 19:42:00 GMT https://www.mbkcpa.com/depreciating-assetts-in-your-company Taxation thumbnail main image https://www.mbkcpa.com/healthy-perspectives-winter-2013-4 Practice Notes Rewarding Physicians for Reducing Spending One of the most talked-about new ideas in health... The post Healthy Perspectives – Winter 2013 appeared first on Meyers Brothers Kalicka. Fri, 25 Jan 2013 16:23:00 GMT https://www.mbkcpa.com/healthy-perspectives-winter-2013-4 Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-winter-2013-3 Why Patients Change Doctors … … and What You Can Do About It While it’s somewhat... The post Healthy Perspectives – Winter 2013 appeared first on Meyers Brothers Kalicka. Fri, 25 Jan 2013 15:52:00 GMT https://www.mbkcpa.com/healthy-perspectives-winter-2013-3 Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-winter-2013-2 Office Staff Overworked? Take the Load Off by Outsourcing Certain Tasks With the passage of health... The post Healthy Perspectives – Winter 2013 appeared first on Meyers Brothers Kalicka. Fri, 25 Jan 2013 15:50:00 GMT https://www.mbkcpa.com/healthy-perspectives-winter-2013-2 Healthcare thumbnail main image https://www.mbkcpa.com/healthy-perspectives-winter-2013 It’s Time to Start Thinking About Stage 2 Meaningful Use In August 2012, CMS released new... The post Healthy Perspectives – Winter 2013 appeared first on Meyers Brothers Kalicka. Fri, 25 Jan 2013 15:46:00 GMT https://www.mbkcpa.com/healthy-perspectives-winter-2013 Healthcare thumbnail main image https://www.mbkcpa.com/american-taxpayer-relief-act-and-the-fiscal-cliff After much back and forth negotiation—fraught with the possibility of a deadlock and failure—the terms of... The post “Cliff Notes” – The American Taxpayer Relief Act of 2012 and the Fiscal Cliff appeared first on Meyers Brothers Kalicka. Fri, 25 Jan 2013 14:19:00 GMT https://www.mbkcpa.com/american-taxpayer-relief-act-and-the-fiscal-cliff News & Events thumbnail main image https://www.mbkcpa.com/mbk-partner-kristina-drzal-houghton-weighs-in-on-the-fiscal-cliff On January 3, 2012, Kristina Drzal Houghton, Partner and Director of MBK’s Tax Divition, weighed in... The post MBK Partner Kristina Drzal Houghton weighs in on the “Fiscal Cliff” appeared first on Meyers Brothers Kalicka. Thu, 03 Jan 2013 17:30:00 GMT https://www.mbkcpa.com/mbk-partner-kristina-drzal-houghton-weighs-in-on-the-fiscal-cliff News & Events thumbnail main image https://www.mbkcpa.com/marketing-culture ROI. SEO. SMM. 80/20. Segmentation. Optimization. We’ve all heard the marketing buzzwords. Well, I may have a... The post Creating a Marketing Culture for the Professional Service Firm appeared first on Meyers Brothers Kalicka. Wed, 02 Jan 2013 17:57:00 GMT https://www.mbkcpa.com/marketing-culture Business thumbnail main image https://www.mbkcpa.com/tax-alert-2012 Starting January 1, 2013, the MA Department of Revenue has initiated a new filing requirement. Beginning... The post Tax Alert appeared first on Meyers Brothers Kalicka. Thu, 20 Dec 2012 13:24:00 GMT https://www.mbkcpa.com/tax-alert-2012 Taxation thumbnail main image https://www.mbkcpa.com/2012-year-end-tax-planning-2012 By Kristina Drzal Houghton, CPA, MST We have a challenging year before us on the year... The post Year End Tax Planning 2012 appeared first on Meyers Brothers Kalicka. Tue, 20 Nov 2012 19:03:00 GMT https://www.mbkcpa.com/2012-year-end-tax-planning-2012 Taxation thumbnail main image https://www.mbkcpa.com/november-2012-4 Disaster Can Strike Without Warning: Prepare Your Business For The Worst This last decade has seen... The post November, 2012 appeared first on Meyers Brothers Kalicka. Fri, 09 Nov 2012 18:10:00 GMT https://www.mbkcpa.com/november-2012-4 Business thumbnail main image https://www.mbkcpa.com/november-2012-3 How Should Social Security Fit Into Your Retirement Planning? For years now, taxpayers, economists and lawmakers... The post November, 2012 appeared first on Meyers Brothers Kalicka. Fri, 09 Nov 2012 18:08:00 GMT https://www.mbkcpa.com/november-2012-3 Business thumbnail main image https://www.mbkcpa.com/november-2012-2 Accounting Standards for Private Companies Move Forward In theory, U.S. Generally Accepted Accounting Principles (GAAP) should... The post November, 2012 appeared first on Meyers Brothers Kalicka. Fri, 09 Nov 2012 18:06:00 GMT https://www.mbkcpa.com/november-2012-2 Business thumbnail main image https://www.mbkcpa.com/november-2012 Digital Mail Offers Convenience, Less Clutter Organizing household bills and financial statements can quickly become unwieldy.... The post November, 2012 appeared first on Meyers Brothers Kalicka. Fri, 09 Nov 2012 18:04:00 GMT https://www.mbkcpa.com/november-2012 Business thumbnail main image https://www.mbkcpa.com/mbk-partner-robert-j-perry-honored-with-pynchon-award Robert J. Perry, a partner with Meyers Brothers Kalicka, P.C., has received a 2012 Pynchon Award... The post MBK Partner Robert J. Perry Honored With Pynchon Award appeared first on Meyers Brothers Kalicka. Fri, 09 Nov 2012 12:00:00 GMT https://www.mbkcpa.com/mbk-partner-robert-j-perry-honored-with-pynchon-award News & Events thumbnail main image https://www.mbkcpa.com/succession-planning Your Firm’s Future Depends on its Succession Planning Dan Taylor was the managing partner at Milford... The post Succession Planning appeared first on Meyers Brothers Kalicka. Tue, 30 Oct 2012 19:49:00 GMT https://www.mbkcpa.com/succession-planning Business thumbnail main image https://www.mbkcpa.com/retirement_plan_administration By James T. Krupienski, CPA As seen in the October Issue of Business West Oct. 15... The post Retirement Plan Administration – Be Wary of the Pitfalls appeared first on Meyers Brothers Kalicka. Sat, 20 Oct 2012 18:49:00 GMT https://www.mbkcpa.com/retirement_plan_administration Business thumbnail main image https://www.mbkcpa.com/retirement-plan-administration Be Wary of the Pitfalls of Retirement Plan Administration  – They Be Costly to Your Company... The post Retirement Plan Administration appeared first on Meyers Brothers Kalicka. Sun, 14 Oct 2012 19:13:00 GMT https://www.mbkcpa.com/retirement-plan-administration Business thumbnail main image https://www.mbkcpa.com/christel-harju-climbs-the-ladder-at-meyers-brothers-kalicka For Immediate Release Meyers Brothers Kalicka, P.C. would like to announce the promotion of Christel Harju,... The post Christel Harju Climbs the Ladder appeared first on Meyers Brothers Kalicka. Fri, 05 Oct 2012 17:59:00 GMT https://www.mbkcpa.com/christel-harju-climbs-the-ladder-at-meyers-brothers-kalicka News & Events thumbnail main image https://www.mbkcpa.com/icd-10-will-your-practice-be-ready Over the years, much has changed in the landscape of practicing medicine. Today, we are all... The post ICD-10 Is (Still) Coming – Will You and Your Medical Practice be Fully Ready? appeared first on Meyers Brothers Kalicka. Tue, 25 Sep 2012 15:12:00 GMT https://www.mbkcpa.com/icd-10-will-your-practice-be-ready Healthcare thumbnail https://www.mbkcpa.com/healthcare-practice-paperless-records The health care industry is abuzz with talk about the mandate for electronic medical records by... The post Paperless is More – Healthcare Practice Paperless Records appeared first on Meyers Brothers Kalicka. Mon, 10 Sep 2012 15:00:00 GMT https://www.mbkcpa.com/healthcare-practice-paperless-records Healthcare thumbnail main image https://www.mbkcpa.com/stephen-covey-lessons-what-we-learned Stephen R. Covey, a teacher, author, and business consultant, passed away in July at age 79... The post Stephen Covey Lessons – What We Learned appeared first on Meyers Brothers Kalicka. Sat, 25 Aug 2012 20:40:00 GMT https://www.mbkcpa.com/stephen-covey-lessons-what-we-learned Business thumbnail main image https://www.mbkcpa.com/trapped-in-the-family-business The post Trapped in the Family Business RSVP appeared first on Meyers Brothers Kalicka. Mon, 13 Aug 2012 17:33:00 GMT https://www.mbkcpa.com/trapped-in-the-family-business News & Events thumbnail main image https://www.mbkcpa.com/august-2012-2 Moving Day Checklist – For Your Taxes Whether you’re taking advantage of currently low housing prices... The post August 2012 appeared first on Meyers Brothers Kalicka. Tue, 07 Aug 2012 17:37:00 GMT https://www.mbkcpa.com/august-2012-2 Business thumbnail main image https://www.mbkcpa.com/august-2012 Class is In Session: A Primer on 401(k) Plans Offering a 401(k) continues to be a... The post August 2012 appeared first on Meyers Brothers Kalicka. Tue, 07 Aug 2012 17:32:00 GMT https://www.mbkcpa.com/august-2012 Business thumbnail main image https://www.mbkcpa.com/tax-related-identity-theft Tax Related Identity Theft – Protect Yourself and Your Tax Return Say the words “identity theft,”... The post August 2012 appeared first on Meyers Brothers Kalicka. Tue, 07 Aug 2012 17:27:00 GMT https://www.mbkcpa.com/tax-related-identity-theft Business thumbnail main image https://www.mbkcpa.com/exchanging-services-to-grow-your-company Barter for Business – Exchanging Services While Growing Your Company Most business owners are familiar with... The post August 2012 appeared first on Meyers Brothers Kalicka. Tue, 07 Aug 2012 17:21:00 GMT https://www.mbkcpa.com/exchanging-services-to-grow-your-company Business thumbnail main image https://www.mbkcpa.com/tax-think-tank Meyers Brothers Kalicka, P.C. would like to announce that Kristina Drzal Houghton, CPA, MST, Partner and... The post For Immediate Release: MBK Partner Attends National Tax Think-Tank appeared first on Meyers Brothers Kalicka. Mon, 06 Aug 2012 20:07:00 GMT https://www.mbkcpa.com/tax-think-tank News & Events thumbnail main image https://www.mbkcpa.com/2012-tax-planning-midyearupdat Once tax filings are taken care of for the prior year, there is always the temptation... The post 2012 Tax Planning: A Mid-Year Update appeared first on Meyers Brothers Kalicka. Tue, 31 Jul 2012 20:54:00 GMT https://www.mbkcpa.com/2012-tax-planning-midyearupdat Taxation thumbnail main image https://www.mbkcpa.com/succession-planning-professional-services Your Firm’s Future Depends On Its Succession Planning Dan Taylor was the managing partner Milford Taylor... The post Succession Planning for Professional Services appeared first on Meyers Brothers Kalicka. Mon, 23 Jul 2012 13:03:00 GMT https://www.mbkcpa.com/succession-planning-professional-services Business thumbnail main image https://www.mbkcpa.com/press-release-melyssa-brown-cpa-promoted-to-manager Meyers Brothers Kalicka, P.C. would like to announce the promotion of Melyssa Brown, CPA to Manager... The post Melyssa Brown, CPA Promoted to Manager appeared first on Meyers Brothers Kalicka. Thu, 19 Jul 2012 16:05:00 GMT https://www.mbkcpa.com/press-release-melyssa-brown-cpa-promoted-to-manager News & Events thumbnail main image https://www.mbkcpa.com/retirement-communities-assisted-living Today, when the level of care does not dictate the need for nursing homes, pre-retirees and... The post A Guide to Retirement Livings – Retirement Communities, Assisted Living and Other Options appeared first on Meyers Brothers Kalicka. Mon, 02 Jul 2012 12:00:00 GMT https://www.mbkcpa.com/retirement-communities-assisted-living Healthcare thumbnail main image https://www.mbkcpa.com/supreme-court-upholds-health-care-mandate How will this impact your tax liability? Update by Kevin Hines, CPA, MST, CVA, CSEP In... The post Supreme Court Upholds Health Care Mandate appeared first on Meyers Brothers Kalicka. Thu, 28 Jun 2012 18:25:00 GMT https://www.mbkcpa.com/supreme-court-upholds-health-care-mandate Taxation thumbnail main image https://www.mbkcpa.com/june-2012 Tax Tips IRS Rethinks Position on Passive Loss Rules For years, the IRS treated owners of... The post June 2012 appeared first on Meyers Brothers Kalicka. Sun, 03 Jun 2012 15:32:00 GMT https://www.mbkcpa.com/june-2012 Taxation thumbnail main image https://www.mbkcpa.com/taxplanninginlitigation Tax Planning in Litigation How to Ensure Optimal Tax Treatment If you’re a party to a... The post June 2012 appeared first on Meyers Brothers Kalicka. Sun, 03 Jun 2012 15:30:00 GMT https://www.mbkcpa.com/taxplanninginlitigation Taxation thumbnail main image https://www.mbkcpa.com/nols Exploring the Ins and Outs of NOLs A net operating loss, or NOL, occurs when a... The post June 2012 appeared first on Meyers Brothers Kalicka. Sun, 03 Jun 2012 15:26:00 GMT https://www.mbkcpa.com/nols Taxation thumbnail main image https://www.mbkcpa.com/estateplannin Family Businesses Now’s The Time for Estate Planning The combination of historically low gift tax rates,... The post June 2012 appeared first on Meyers Brothers Kalicka. Sun, 03 Jun 2012 15:22:00 GMT https://www.mbkcpa.com/estateplannin Taxation thumbnail main image https://www.mbkcpa.com/building-a-2-million-ira Some Simple Steps to Securing an Adequate Retirement Fund By DOUG WHEAT, CFP, Senior Manager Published... The post Building a $2 Million IRA appeared first on Meyers Brothers Kalicka. Fri, 25 May 2012 14:51:00 GMT https://www.mbkcpa.com/building-a-2-million-ira Business thumbnail main image https://www.mbkcpa.com/emr-seminar-registration   Thank you for taking the time to register for the June 12, 2012 EMR Program.... The post EMR Seminar Registration appeared first on Meyers Brothers Kalicka. Tue, 15 May 2012 14:43:00 GMT https://www.mbkcpa.com/emr-seminar-registration News & Events thumbnail main image https://www.mbkcpa.com/ignorance-is-not-bliss By Kristi Reale, CPA, Senior Manager Published in the May 2012 Issue of Business West Most commercial-loan... The post Understanding Commercial Loan Agreements – Ignorance is Not Bliss appeared first on Meyers Brothers Kalicka. Tue, 15 May 2012 14:30:00 GMT https://www.mbkcpa.com/ignorance-is-not-bliss Business thumbnail main image https://www.mbkcpa.com/video-2012-business-west-difference-makers Congrats Difference Makers! [youtube_sc width=500 url=http://youtu.be/9uLFfa_K7xE] The post Video: 2012 Business West Difference Makers appeared first on Meyers Brothers Kalicka. Wed, 28 Mar 2012 15:16:00 GMT https://www.mbkcpa.com/video-2012-business-west-difference-makers News & Events thumbnail main image https://www.mbkcpa.com/education-expenses-earning-credit-where-credit-is-due   Education Expenses – Earning Credit Where Credit is Due If you’re paying for postsecondary education... The post April 2012 appeared first on Meyers Brothers Kalicka. Wed, 28 Mar 2012 14:16:00 GMT https://www.mbkcpa.com/education-expenses-earning-credit-where-credit-is-due Business thumbnail main image https://www.mbkcpa.com/ready-to-retire-an-esop-can-help-pave-the-way   Ready to Retire? An ESOP Can Help Pave the Way Most business owners have a... The post April 2012 appeared first on Meyers Brothers Kalicka. Wed, 28 Mar 2012 14:14:00 GMT https://www.mbkcpa.com/ready-to-retire-an-esop-can-help-pave-the-way Business thumbnail main image https://www.mbkcpa.com/be-wise-when-donating-to-charity   Be Wise When Donating to Charity The United States has more than 1.5 million nonprofit... The post April 2012 appeared first on Meyers Brothers Kalicka. Wed, 28 Mar 2012 14:12:00 GMT https://www.mbkcpa.com/be-wise-when-donating-to-charity Business thumbnail main image https://www.mbkcpa.com/the-multigenerational-workforce-how-to-lead-your-team-effectively The Multigenerational Workforce – How To Lead Your Team Effectively The number of men age 65... The post April 2012 appeared first on Meyers Brothers Kalicka. Wed, 28 Mar 2012 14:11:00 GMT https://www.mbkcpa.com/the-multigenerational-workforce-how-to-lead-your-team-effectively Business thumbnail main image https://www.mbkcpa.com/event-2012-business-west-difference-makers They Are The Difference Makers, And They Are The Dreamers Of Dreams… When: March 22, 2012 Where: The... The post Event: 2012 Business West Difference Makers appeared first on Meyers Brothers Kalicka. Mon, 19 Mar 2012 15:04:00 GMT https://www.mbkcpa.com/event-2012-business-west-difference-makers News & Events thumbnail main image https://www.mbkcpa.com/employers-association-of-new-england-executive-finance-round-table Roundtable Topic: Succession Planning for Closely Held Businesses When: Friday, March 9, 2012  8 AM- 10 AM ... The post Employer’s Association of New England Executive Finance Round Table appeared first on Meyers Brothers Kalicka. Thu, 01 Mar 2012 16:32:00 GMT https://www.mbkcpa.com/employers-association-of-new-england-executive-finance-round-table News & Events thumbnail main image https://www.mbkcpa.com/article-all-about-the-amt By Sean Wandrei, CPA – As seen in the February 2012 issue of Business West Created... The post All About the AMT – Alternative Minimum Tax appeared first on Meyers Brothers Kalicka. Thu, 01 Mar 2012 16:24:00 GMT https://www.mbkcpa.com/article-all-about-the-amt Taxation thumbnail main image https://www.mbkcpa.com/buy-or-lease-2 By Sean Wandrei, CPA – As seen in the February 2012 issue of Business West When... The post Article: Buy or Lease? appeared first on Meyers Brothers Kalicka. Wed, 15 Feb 2012 15:50:00 GMT https://www.mbkcpa.com/buy-or-lease-2 Taxation thumbnail main image https://www.mbkcpa.com/budget-problems-get-a-handl   Practices everywhere are being squeezed by the faltering economy and the need to provide top... The post Budget Problems? Get a Handle on Soaring Costs appeared first on Meyers Brothers Kalicka. Tue, 14 Feb 2012 19:05:00 GMT https://www.mbkcpa.com/budget-problems-get-a-handl Healthcare thumbnail main image https://www.mbkcpa.com/rac-attac Medicare’s Recovery Audit Contractor (RAC) programs have been operational in all 50 states since Jan. 1,... The post Get Ready for the RAC Attack appeared first on Meyers Brothers Kalicka. Tue, 14 Feb 2012 19:02:00 GMT https://www.mbkcpa.com/rac-attac Healthcare thumbnail main image https://www.mbkcpa.com/evidence-based-medicine Practice Notes The art of practicing evidence-based medicine For more than a decade, the movement toward... The post Practice Notes: The Art of Practicing Evidence-Based Medicine appeared first on Meyers Brothers Kalicka. Tue, 14 Feb 2012 19:00:00 GMT https://www.mbkcpa.com/evidence-based-medicine Healthcare thumbnail main image https://www.mbkcpa.com/how-to-select-malpractice-coverage-and-evaluate-carrier Medical malpractice insurance isn’t just a requirement; it’s also a major practice expense. Selecting the terms... The post How to Select Malpractice Coverage and Evaluate Carriers appeared first on Meyers Brothers Kalicka. Tue, 14 Feb 2012 18:57:00 GMT https://www.mbkcpa.com/how-to-select-malpractice-coverage-and-evaluate-carrier Healthcare thumbnail main image https://www.mbkcpa.com/article-a-marketing-refresher-how-to-identify-and-strengthen-your-personal-brand How to Identify and Strengthen Your Personal Brand By JAMES T. KRUPIENSKI, CPA – As seen... The post Article: A Marketing Refresher appeared first on Meyers Brothers Kalicka. Wed, 08 Feb 2012 16:51:00 GMT https://www.mbkcpa.com/article-a-marketing-refresher-how-to-identify-and-strengthen-your-personal-brand Business thumbnail main image https://www.mbkcpa.com/event-join-us-for-the-employers-association-finance-roundtable Roundtable Topic: Succession Planning for Closely Held Businesses When: Friday, January 13, 2012  8 AM- 10 AM ... The post Event: Join us for the Employer’s Association Finance Roundtable appeared first on Meyers Brothers Kalicka. Wed, 11 Jan 2012 20:31:00 GMT https://www.mbkcpa.com/event-join-us-for-the-employers-association-finance-roundtable News & Events thumbnail main image https://www.mbkcpa.com/business-gift-tax-considerations by Charlotte Cathro, Tax Manager, CPA, published in the December issue of Health Care News The... The post Business Gift Tax Considerations appeared first on Meyers Brothers Kalicka. Mon, 19 Dec 2011 20:28:00 GMT https://www.mbkcpa.com/business-gift-tax-considerations Business thumbnail main image https://www.mbkcpa.com/article-filling-big-shoes There Are Many Applicable Lessons from Steve Jobs’ Succession Plan by Charlotte Cathro, Tax Manager, CPA,... The post Article: Filling Big Shoes appeared first on Meyers Brothers Kalicka. Mon, 12 Dec 2011 16:42:00 GMT https://www.mbkcpa.com/article-filling-big-shoes Business thumbnail main image https://www.mbkcpa.com/article-disaster-planning-is-your-medical-practice-ready-for-the-unexpected by Jim Krupienski, Senior Manager, CPA, published in the November issue of Health Care News On... The post Article: Disaster Planning Is Your Medical Practice Ready for the Unexpected? appeared first on Meyers Brothers Kalicka. Fri, 25 Nov 2011 08:00:00 GMT https://www.mbkcpa.com/article-disaster-planning-is-your-medical-practice-ready-for-the-unexpected Healthcare thumbnail main image https://www.mbkcpa.com/dollars-and-sense  Effective Tax Planning Is a Saving Grace by Kristina Houghton, Partner, CPA, MST, published in the... The post Dollars and Sense appeared first on Meyers Brothers Kalicka. Fri, 18 Nov 2011 08:00:00 GMT https://www.mbkcpa.com/dollars-and-sense News & Events thumbnail main image https://www.mbkcpa.com/event-join-us-for-the-employers-association-finance-roundtable-and-2011-tax-update Roundtable Topic: Tax Update     When: Friday, November 18, 2011  8 AM- 10 AM  (Continental Breakfast is... The post Event: Join us for the Employer’s Association Finance Roundtable and 2011 Tax Update appeared first on Meyers Brothers Kalicka. Fri, 11 Nov 2011 20:15:00 GMT https://www.mbkcpa.com/event-join-us-for-the-employers-association-finance-roundtable-and-2011-tax-update News & Events thumbnail main image https://www.mbkcpa.com/preparing-for-a-financial-audit Or, a Primer on How to Make Friends with Your Auditor by Donna Roundy, Senior Manager,... The post Article: Preparing for a Financial Audit appeared first on Meyers Brothers Kalicka. Wed, 09 Nov 2011 15:01:00 GMT https://www.mbkcpa.com/preparing-for-a-financial-audit Business thumbnail main image https://www.mbkcpa.com/article-understanding-the-options-seven-steps-to-take-when-you-inherit-an-ira by Doug Wheat, CFP, published October 2011 in Health Care News More and more people are... The post Article: Understanding the Options – Seven Steps to Take When You Inherit an IRA appeared first on Meyers Brothers Kalicka. Thu, 27 Oct 2011 14:12:00 GMT https://www.mbkcpa.com/article-understanding-the-options-seven-steps-to-take-when-you-inherit-an-ira News & Events thumbnail main image https://www.mbkcpa.com/join-us-at-the-western-mass-business-expo MBK Show Schedule • RSVP Below • Show Description • Expo Website Massmutual Center • 1277 Main... The post Join Us at the Western Mass Business Expo! appeared first on Meyers Brothers Kalicka. Thu, 06 Oct 2011 12:24:00 GMT https://www.mbkcpa.com/join-us-at-the-western-mass-business-expo News & Events thumbnail main image https://www.mbkcpa.com/article-casualty-loss-deductions-tax-implications by Kevin Hines, Partner, CPA, MST, CVA, CSEP, published in the August issue of Business West... The post Article: Casualty Loss Deductions – Tax Implications appeared first on Meyers Brothers Kalicka. Thu, 08 Sep 2011 14:20:00 GMT https://www.mbkcpa.com/article-casualty-loss-deductions-tax-implications Business thumbnail main image https://www.mbkcpa.com/article-will-you-be-able-to-retire Yes, but Only If You’ve Effectively Planned Out a Strategy   by Doug Wheat, CFP, published... The post Article: Will You be Able to Retire? appeared first on Meyers Brothers Kalicka. Fri, 01 Jul 2011 03:20:00 GMT https://www.mbkcpa.com/article-will-you-be-able-to-retire Business thumbnail main image https://www.mbkcpa.com/giving-your-child-a-summer-job There Are Financial Benefits to Putting Family Members on the Payroll By Dawn Badorini, MST, published... The post Article: Giving Your Child a Summer Job appeared first on Meyers Brothers Kalicka. Tue, 07 Jun 2011 20:11:00 GMT https://www.mbkcpa.com/giving-your-child-a-summer-job Business thumbnail main image https://www.mbkcpa.com/articlefinancial-planning-for-the-next-decade Some Basic Steps for Taking Control of Your Money by Doug Wheat, CFP, published on 06/07/2011... The post Article: Financial Planning for the Next Decade appeared first on Meyers Brothers Kalicka. Tue, 07 Jun 2011 16:43:00 GMT https://www.mbkcpa.com/articlefinancial-planning-for-the-next-decade Business thumbnail main image https://www.mbkcpa.com/articlemake-the-most-of-rental-real-estate-losses Know the Rules to Avoid any Unintended Consequences by Carolyn Bourgoin,CPA, published on 05/24/2011 in Business... The post Article: Make the Most of Rental Real-estate Losses appeared first on Meyers Brothers Kalicka. Tue, 24 May 2011 18:19:00 GMT https://www.mbkcpa.com/articlemake-the-most-of-rental-real-estate-losses Business thumbnail main image https://www.mbkcpa.com/article-dollars-and-sense What was once an incentive for manufacturers who exported now benefits many more taxpayers. Better yet, you don’t even need to export to benefit. The post Article: Dollars and Sense appeared first on Meyers Brothers Kalicka. Tue, 24 May 2011 15:54:00 GMT https://www.mbkcpa.com/article-dollars-and-sense Business thumbnail main image https://www.mbkcpa.com/articlemaking-the-transition The Ongoing Evolution of Electronic Health Records by James T. Krupienski,CPA,MSA, published in the May 2011... The post Article: Making the Transition appeared first on Meyers Brothers Kalicka. Sun, 01 May 2011 18:32:00 GMT https://www.mbkcpa.com/articlemaking-the-transition Business thumbnail main image https://www.mbkcpa.com/event-executive-roundtable-employee-retirement-plans Roundtable Topic: Employee Retirement Plans   When: Friday, May 13, 2011  8 AM- 10 AM  (Continental Breakfast is... The post Event: Executive Roundtable-Employee Retirement Plans appeared first on Meyers Brothers Kalicka. Sun, 01 May 2011 17:49:00 GMT https://www.mbkcpa.com/event-executive-roundtable-employee-retirement-plans News & Events thumbnail main image https://www.mbkcpa.com/taking-a-look-at-roth-401ks This Plan May Have Attractive  Benefits for Many Individuals by Doug Wheat, CFP, published 04/26/2011 in Business... The post Article: Taking a Look at Roth 401(k)s appeared first on Meyers Brothers Kalicka. Tue, 26 Apr 2011 21:02:00 GMT https://www.mbkcpa.com/taking-a-look-at-roth-401ks Business thumbnail main image https://www.mbkcpa.com/roth-ira-conversions-still-alive If you missed the opportunity to convert your traditional IRA to a Roth IRA in2010, there is good news: Roth IRA conversions are still alive in 2011. The post Article: Roth IRA Conversions Still Alive appeared first on Meyers Brothers Kalicka. Tue, 26 Apr 2011 13:25:00 GMT https://www.mbkcpa.com/roth-ira-conversions-still-alive Business thumbnail main image https://www.mbkcpa.com/bob-perry-2011-difference-maker-2 Holyoke,MA, Feb. 16, 2011– Business West Magazine recently named Meyers Brothers Kalicka Partner Bob Perry as one... The post Press Release: MBK Partner Bob Perry Named 2011 Difference Maker appeared first on Meyers Brothers Kalicka. Mon, 25 Apr 2011 20:32:00 GMT https://www.mbkcpa.com/bob-perry-2011-difference-maker-2 News & Events thumbnail main image https://www.mbkcpa.com/executive-roundtable Roundtable Topic: Technology Solutions When: Friday, April 8, 2011  8:00 AM -10:00 AM (Continental Breakfast is... The post Event: Executive Roundtable–Technology Solutions appeared first on Meyers Brothers Kalicka. Sun, 24 Apr 2011 15:33:00 GMT https://www.mbkcpa.com/executive-roundtable News & Events thumbnail main image https://www.mbkcpa.com/aicpa Professional AICPA CPAmerica Massachusetts Society of CPAs Massachusetts DOR Internal Revenue Service Connecticut Department of Revenue... The post Links appeared first on Meyers Brothers Kalicka. Fri, 22 Apr 2011 20:36:00 GMT https://www.mbkcpa.com/aicpa News & Events thumbnail main image https://www.mbkcpa.com/taking-a-look-at-roth-401ks-2 This Plan May Have Benefits for Many in the Health Care Field by Doug Wheat, CFP,... The post Article: Taking A Look at Roth 401(k)s appeared first on Meyers Brothers Kalicka. Fri, 01 Apr 2011 14:21:00 GMT https://www.mbkcpa.com/taking-a-look-at-roth-401ks-2 Business thumbnail main image https://www.mbkcpa.com/articledont-get-tripped-up Mapping the Best Route for Higher Travel-expense Deductions by Kristina Drzal Houghton, CPA, MST, published on... The post Article: Don’t Get Tripped Up appeared first on Meyers Brothers Kalicka. Tue, 15 Mar 2011 19:13:00 GMT https://www.mbkcpa.com/articledont-get-tripped-up Business thumbnail main image https://www.mbkcpa.com/articlefinancial-ratios Understanding This Powerful Tool for Managing for Success by Kristi Reale, CPA, CVA, published on 03/14/2011 in... The post Article: Financial Ratios appeared first on Meyers Brothers Kalicka. Mon, 14 Mar 2011 19:48:00 GMT https://www.mbkcpa.com/articlefinancial-ratios Business thumbnail main image https://www.mbkcpa.com/hey-hey-hey Roundtable Topic:  Current Labor and Union Decisions When: Friday, March 11, 2011   8-10 AM (Continental Breakfast... The post Event: Executive Roundtable–Current Labor and Union Decisions appeared first on Meyers Brothers Kalicka. Fri, 11 Mar 2011 17:10:00 GMT https://www.mbkcpa.com/hey-hey-hey News & Events thumbnail main image https://www.mbkcpa.com/article-ten-points-about-divorce-from-a-taxation-perspective     by Sean Wandrei, CPA, Published on 2/28/2011 in Business West As much as divorce... The post Article: Ten Points about Divorce from a Taxation Perspective appeared first on Meyers Brothers Kalicka. Tue, 01 Mar 2011 22:12:00 GMT https://www.mbkcpa.com/article-ten-points-about-divorce-from-a-taxation-perspective Business thumbnail main image https://www.mbkcpa.com/articleworld-of-difference Map Out the Best Route for Higher Travel-Expense Deductions by Kristina Drzal Houghton, CPA, MST, published... The post Article: World of Difference appeared first on Meyers Brothers Kalicka. Tue, 01 Mar 2011 15:52:00 GMT https://www.mbkcpa.com/articleworld-of-difference Business thumbnail main image https://www.mbkcpa.com/articlehire-ground Understanding Tax Credits for Those Who Hire Eligible Employees by Kristina Drzal Houghton, CPA, MST, published... The post Article: HIRE Ground appeared first on Meyers Brothers Kalicka. Tue, 15 Feb 2011 16:00:00 GMT https://www.mbkcpa.com/articlehire-ground Business thumbnail main image https://www.mbkcpa.com/an-important-learning-curve Educational Tax Credits Help Defray the Costs of Higher Education By Sean Wandrei, CPA, Published on... The post Article: An Important Learning Curve appeared first on Meyers Brothers Kalicka. Tue, 01 Feb 2011 20:31:00 GMT https://www.mbkcpa.com/an-important-learning-curve Business thumbnail main image https://www.mbkcpa.com/articleeffective-time-management Better Use of Hours and Minutes Can Reap Financial Benefits by James T. Krupienski, CPA, MSA,... The post Article: Effective Time Management appeared first on Meyers Brothers Kalicka. Tue, 01 Feb 2011 16:14:00 GMT https://www.mbkcpa.com/articleeffective-time-management Business thumbnail main image https://www.mbkcpa.com/event-executive-roundtable-business-insurance Roundtable Topic: Business Insurance When: Friday, February 11, 2011  8 AM-10 AM (Continental Breakfast is included)... The post Event: Executive Roundtable–Business Insurance appeared first on Meyers Brothers Kalicka. Tue, 01 Feb 2011 13:18:00 GMT https://www.mbkcpa.com/event-executive-roundtable-business-insurance News & Events thumbnail main image https://www.mbkcpa.com/ten-points-on-conference-networking Get the most out of your next conference by following these 10 points. The post Article: Ten Points On Conference Networking appeared first on Meyers Brothers Kalicka. Tue, 01 Feb 2011 13:05:00 GMT https://www.mbkcpa.com/ten-points-on-conference-networking Business thumbnail main image https://www.mbkcpa.com/press-release-mbk-cpa-christel-harju-accepts-two-board-positions-with-food-bank-of-western-massachusetts Holyoke MA,  Jan. 26, 2011–  Meyers Brothers Kalicka, P.C. is pleased to announce that Christel Harju,... The post Press Release: MBK CPA Christel Harju Accepts Two Board Positions with Food Bank of Western Massachusetts appeared first on Meyers Brothers Kalicka. Wed, 26 Jan 2011 00:59:00 GMT https://www.mbkcpa.com/press-release-mbk-cpa-christel-harju-accepts-two-board-positions-with-food-bank-of-western-massachusetts News & Events thumbnail main image https://www.mbkcpa.com/press-release-mbk-announces-promotion-of-james-t-krupienskicpa   Holyoke MA, Jan. 21, 2011–  Meyers Brothers Kalicka, P.C. is pleased to announce that James... The post Press Release: MBK Announces Promotion of James Krupienski,CPA appeared first on Meyers Brothers Kalicka. Fri, 21 Jan 2011 16:31:00 GMT https://www.mbkcpa.com/press-release-mbk-announces-promotion-of-james-t-krupienskicpa News & Events thumbnail main image https://www.mbkcpa.com/press-release-mbk-announces-business-value-accreditation-of-scott-adams Holyoke MA, Jan. 21, 2011–  Meyers Brothers Kalicka, P.C. is pleased to announce that Senior Associate... The post Press Release: MBK Announces Business Value Accreditation of Scott Adams appeared first on Meyers Brothers Kalicka. Fri, 21 Jan 2011 00:51:00 GMT https://www.mbkcpa.com/press-release-mbk-announces-business-value-accreditation-of-scott-adams News & Events thumbnail main image https://www.mbkcpa.com/articleits-a-relief What the Recently Passed Tax Legislation Means for You by Terri Judycki, CPA, MST, published on... The post Article: It’s a Relief appeared first on Meyers Brothers Kalicka. Mon, 17 Jan 2011 16:31:00 GMT https://www.mbkcpa.com/articleits-a-relief Business thumbnail main image https://www.mbkcpa.com/event-executive-roundtable-business-valuations Roundtable Topic: Business Valuations When:  Friday, January 14   8 AM-10 AM  (Continental Breakfast is included) Where:... The post Event: Executive Roundtable– Business Valuations appeared first on Meyers Brothers Kalicka. Sat, 01 Jan 2011 13:53:00 GMT https://www.mbkcpa.com/event-executive-roundtable-business-valuations News & Events thumbnail main image https://www.mbkcpa.com/articleten-points-about-preparing-year-end-w-2s            by Cheryl M. Fitzgerald, CPA, MST, published on 12/20/10 in Business West You generally must... The post Article: Ten Points About Preparing Year-end W-2s appeared first on Meyers Brothers Kalicka. Mon, 20 Dec 2010 16:49:00 GMT https://www.mbkcpa.com/articleten-points-about-preparing-year-end-w-2s Business thumbnail main image https://www.mbkcpa.com/articlehealthy-messages You Need to Effectively Market Your Medical Practice by James T. Krupienski, CPA, MSA, published in... The post Article: Healthy Messages appeared first on Meyers Brothers Kalicka. Wed, 01 Dec 2010 17:12:00 GMT https://www.mbkcpa.com/articlehealthy-messages Business thumbnail main image https://www.mbkcpa.com/event-executive-roundtable-finanacial-statements Roundtable Topic: Financial Statements When: Friday, December 10, 2010   8 AM-10 AM (Continental Breakfast is included)... The post Event: Executive Roundtable– Finanacial Statements appeared first on Meyers Brothers Kalicka. Wed, 01 Dec 2010 14:03:00 GMT https://www.mbkcpa.com/event-executive-roundtable-finanacial-statements News & Events thumbnail main image https://www.mbkcpa.com/articlekeeping-your-firms-assests-under-control Management Must Set the Tone When It Comes to Preventing Fraud by Donna Roundy, CPA, published... The post Article: Keeping Your Firm’s Assests Under Control appeared first on Meyers Brothers Kalicka. Mon, 08 Nov 2010 18:16:00 GMT https://www.mbkcpa.com/articlekeeping-your-firms-assests-under-control Business thumbnail main image https://www.mbkcpa.com/press-release-meyers-brothers-kalicka-promotes-three-professional-staff-members Holyoke, MA,  Nov. 4, 2010–Holyoke-based accounting firm, Meyers Brothers Kalicka, announces the following staff promotions: Kelly... The post Press Release: Meyers Brothers Kalicka Promotes Three Professional Staff Members appeared first on Meyers Brothers Kalicka. Thu, 04 Nov 2010 15:00:00 GMT https://www.mbkcpa.com/press-release-meyers-brothers-kalicka-promotes-three-professional-staff-members News & Events thumbnail main image https://www.mbkcpa.com/articleadding-things-up Some Year-end Tax Planning Tips for Your Medical Practice by James T. Krupienski, CPA, MSA, published... The post Article: Adding Things Up appeared first on Meyers Brothers Kalicka. Mon, 01 Nov 2010 18:30:00 GMT https://www.mbkcpa.com/articleadding-things-up Business thumbnail main image https://www.mbkcpa.com/event-executive-roundtable-tax-law-changes Roundtable Topic: Tax Law Changes When: Friday, Nov. 12, 2010  8 AM-10 AM  (Continental Breakfast is... The post Event: Executive Roundtable– Tax Law Changes appeared first on Meyers Brothers Kalicka. Mon, 01 Nov 2010 14:17:00 GMT https://www.mbkcpa.com/event-executive-roundtable-tax-law-changes News & Events thumbnail main image https://www.mbkcpa.com/event-mine-your-business  Topic:  Mine your Business Who should attend: Your company’s decision maker and top salesperson When: Thursday,... The post Event: Mine Your Business appeared first on Meyers Brothers Kalicka. Mon, 01 Nov 2010 13:59:00 GMT https://www.mbkcpa.com/event-mine-your-business News & Events thumbnail main image https://www.mbkcpa.com/press-release-mbk-partner-kristina-drzal-houghton-receives-state-wide-leadership-award Holyoke, MA, Oct. 7, 2010:  Meyers Brothers Kalicka, P.C. is pleased to announce that the Massachusetts... The post Press Release: MBK Partner, Kristina Drzal Houghton Receives State-wide Leadership Award appeared first on Meyers Brothers Kalicka. Thu, 07 Oct 2010 14:48:00 GMT https://www.mbkcpa.com/press-release-mbk-partner-kristina-drzal-houghton-receives-state-wide-leadership-award News & Events thumbnail main image https://www.mbkcpa.com/press-release-mbk-cpa-melyssa-brown-accepts-board-position-with-girlsinc Holyoke,MA, Sept. 7,2010:  Meyers Brothers Kalicka, P.C. is pleased to announce that Melyssa Brown, CPA, MBA... The post Press Release: MBK CPA, Melyssa Brown Accepts Board Position With Girls,Inc. appeared first on Meyers Brothers Kalicka. Tue, 07 Sep 2010 01:22:00 GMT https://www.mbkcpa.com/press-release-mbk-cpa-melyssa-brown-accepts-board-position-with-girlsinc News & Events thumbnail main image https://www.mbkcpa.com/press-release-mbk-announces-memberships-and-appointments-for-several-of-its-partners Holyoke, MA, April 20,2010– Meyers Brothers Kalicka recently announced the following memberships and appointments regarding three... The post Press Release: MBK Announces Memberships and Appointments for Several of its Partners appeared first on Meyers Brothers Kalicka. Tue, 20 Apr 2010 13:57:00 GMT https://www.mbkcpa.com/press-release-mbk-announces-memberships-and-appointments-for-several-of-its-partners News & Events thumbnail main image https://www.mbkcpa.com/press-release-mbk-names-jim-barrett-as-new-managing-partner Holyoke, MA, Jan. 20, 2010– Holyoke-based accounting firm, Meyers Brothers Kalicka, has named James W. Barrett,... The post Press Release: MBK Names James Barrett as New Managing Partner appeared first on Meyers Brothers Kalicka. Wed, 20 Jan 2010 14:35:00 GMT https://www.mbkcpa.com/press-release-mbk-names-jim-barrett-as-new-managing-partner News & Events thumbnail main image