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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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Beginning July 1, 2022, the standard mileage rate for business travel will be 62.5 cents per mile, up 4 cents from the 58.5 cents-per-mile rate effective for the first six months of the year. The IRS also announced an increased standard mileage rate for medical driving and moving for members of the military.

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The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses.

We are excited to announce MaryBeth Meyer, CFP®, as our newest ML&R Wealth Management Advisor. She brings more than 15 years of experience in comprehensive financial planning and wealth management. We’ve put together an exciting Q&A with MaryBeth highlighting her investment philosophy, experience, and future goals with ML&R.

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For those who were able to file their taxes by the April tax filing deadline, we have 3 tax-related actions that you should consider taking in the near term.

In 1997, Maxwell Locke & Ritter made the decision to create our affiliate, ML&R Wealth Management, to more fully serve both our current and future clients beyond our existing accounting services. Now, ML&R Wealth Management is celebrating 25 years in business in Central Texas, having built strong relationships with other trusted advisors and grown to $1.9 Billion in assets under management. Read more about how our affiliate structure allows us to collaborate in the best interests of our clients.

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In recent years, accounting rule makers have issued guidance that requires certain items on the balance sheet to be reported at “fair value.” Here are some answers to frequently asked questions about this standard of value and how it’s measured

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Maxwell Locke & Ritter’s Transaction Services Team specializes in providing financial due diligence (quality of earnings) assessments to clients considering investments in software and tech-enabled services. In this article, we outline the 5 most common issues we uncover during our engagements, and our strategies to address and correct them.

Congress appears ready to build on 2019’s SECURE Act to further increase Americans’ retirement security. The U.S. House of Representatives passed the Securing a Strong Retirement Act (otherwise known as SECURE 2.0) by a 414-5 vote, while the Senate is working on its own bill. Learn more about the provisions of the House’s version and how it would affect both individuals and employers.

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After your 2021 tax return has been successfully filed with the IRS, there may still be some issues to bear in mind. Here are three considerations.

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It’s a good idea to acquaint yourself with tax amounts that may have changed for 2022. Here are some Q&As about tax amounts for this year.

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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