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.


The franchisor/franchisee business relationship is a common one, and it offers plenty of growth potential. Whether you’re considering owning a franchise or thinking about taking on franchisees, understanding the process before making a major decision is crucial. Then, it’s essential that you draft a franchise agreement that covers both the immediate terms, as well as any changes that may occur in the future. Maxwell Locke & Ritter can help you complete this when you’re ready, but here is what to know and understand before buying a franchise:

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.


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.

The key to any year-end planning strategy is to minimize taxes. This is generally done by either reducing income or increasing deductions.  In recent years, the strategy to defer income or accelerate deductions has also been impacted by the possibility of increased tax rates due to proposed legislation.  As the end of 2022 approaches, however, the impact of inflation is also a factor to consider.

As another year draws to a close, business owners are advised to assess their current tax situation and consider any steps that may be taken between now and year end. We have outlined some highlights for business owners to focus on for their year-end tax planning.

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.


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


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.


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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