ML&RPC

Resources

Accounting, Tax & Finance Articles

Welcome to our Resources section, where you will find articles on accounting, tax, and finance for businesses and individuals, as well as resources to aid in business financial planning across a variety of industries we serve. Please contact us for personalized advice in accounting and finance. Maxwell Locke & Ritter is here to offer trusted guidance.

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Acquiring another company and merging it with your business can be the most efficient way to grow. Here are eight key merger and acquisition strategies that spell the difference between success and failure, no matter what the size of the companies involved.

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High-income taxpayers face two special taxes — a 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and self-employment income. Here’s an overview of the taxes and what they may mean for you.

Maxwell Locke & Ritter has outlined a few 2022 year-end tax planning strategies for investors and individuals with estate and gift planning needs in this article.

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Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are some examples.

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When liquidation is imminent, the liquidation basis of accounting may be used. Here are the factors that go into a going concern assessment.

The new lease standard is intended to account for all lease obligations on financial statements. As you’d expect, implementing the new lease standard changes how we think about and account for individual leases. Learn more about ML&R’s partnership with LeaseCrunch and how this solution can help your business.

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These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be deducted. Fortunately, established rules that generally apply to the deductibility of business costs provide business taxpayers launching a website with some guidance as to the proper treatment of the costs.

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A business or individual might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather than selling it. You can defer tax on your gain through a “like-kind” or Section 1031 exchange.

If you are a high-earning small business owner or self-employed individual, a 401(k) or traditional profit-sharing plan alone might not be the best for your money. We explore how a cash balance plan can be a great addition to your retirement strategy, offering larger tax deductions and accelerated retirement savings.

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The Inflation Reduction Act’s Clean Vehicle Credit might alter the timing of purchasing a new or used qualifying electric vehicle. Learn why.

Advice from Industry Experts

Our team includes specialists who have a proven track record of helping their clients reach their financial goals. For audit services, tax preparation, transaction advisory, IT security & compliance, wealth management, and 401(k) plan management, we can help answer your questions and get you on the right track.

Contact us today to see how we can help you reach your financial goals.

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