Insights

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.

Tax Tip: The Work Opportunity Tax Credit (WOTC) is available to employers that hire workers from targeted groups who face significant barrier to employment.

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.

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.

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.

Congratulations to our staff who are celebrating their work anniversaries in Q3!

Extending a warm welcome to MBK's most recent hires - Edmund Keyes III, Mary Walsh, and JoLynn Wells!

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.