MLR

Resources

Accounting & Finance Articles

Welcome to our Resources section, where you will find articles on accounting 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.

 

The Biden Administration has announced 5 specific reforms to the Paycheck Protection Program that are intended to benefit small businesses.

Financial statements do more than quantify a company’s performance. They also provide qualitative information about business operations and risk factors. Here are important basics about footnote disclosures.

Categories:

Maxwell Locke & Ritter celebrates our 30th anniversary and welcomes Doris Ayala to the partner group. What started as a great idea between friends with a business plan on a napkin is now the largest locally owned accounting firm in Central Texas. Read more about our story in this celebration article.

We outline the main points of the IRS issued News Release IR-2021-43, which provides victims of February 2021 winter storms in Texas extended filing deadlines for various individual and business tax returns and payments.

Businesses and nonprofit entities capitalize machines, furniture, buildings, and other property, plant and equipment (PPE) assets on their balance sheets. Here’s a refresher on some common questions about how to properly report these long-lived assets under U.S. Generally Accepted Accounting Principles (GAAP).

The Small Business Administration announced that the Paycheck Protection Program reopened the week of January 11. If you’re fortunate to get a PPP loan to help during the COVID-19 crisis (or you received one last year), you may wonder about the tax consequences.

If you have a traditional IRA or tax-deferred retirement plan account, you probably know that you must take required minimum distributions (RMDs) when you reach a certain age — or you’ll be penalized.

Categories:

Business owners want to begin laying out a smooth ownership transition, perhaps grooming a successor, years in advance. And you shouldn’t officially hand over the reins until many minute details have been checked and rechecked.

Obtaining a quality of earnings report is a crucial step in the due diligence process of an acquisition.  We outline five questions you should ask yourself to glean important insight into your quality of earnings analysis.

To help you make sure you don’t miss any important 2021 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due.

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, due diligence, 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 schedule your consultation.

CONTACT US
  • Drop files here or
    Accepted file types: jpg, png, pdf, doc, docx.
  • This field is for validation purposes and should be left unchanged.