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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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There are four types of audit opinions: 1) unqualified (or clean) opinions, 2) qualified opinions due to small deviations from GAAP, 3) adverse opinions due to material exceptions to GAAP, and 4) disclaimers when the auditor gives up in the middle of an audit.

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It is with deep sadness and heavy hearts that we share the passing of Anita Motloch, retired Tax Partner. Anita was a very special person who had a calm demeanor, a kind heart, and a strong faith. She was a true partner and friend in life as well as business. Our love and prayers go out to her family. https://lnkd.in/gXw-RCzx

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Traditional IRAs and Roth IRAs have been around for decades and the rules surrounding them have changed many times. What hasn’t changed is that they can help you save for retirement on a tax-favored basis. Here’s an overview.

Businesses are increasingly offering their customers contactless payment options for goods and services. This article reviews the new tax reporting requirements your business might face for utilizing third-party payment options beginning this year.

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If you’re in business for yourself as a sole proprietor, or you’re planning to start a business, you need to know about the tax aspects of your venture. Here are eight important issues to consider.

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Footnotes appear at the end of a company’s audited financial statements. These disclosures provide insight into account balances, accounting practices and potential risk factors — knowledge that’s vital to making well-informed lending and investing decisions. Here are examples of key risk factors that you might unearth by reading between the lines in a company’s footnotes.

As a society, we are becoming increasingly aware of phishing scammers—thieves who conspire to steal credit cards or private financial information. In this article, Maxwell Locke & Ritter focuses on a more sophisticated trend involving fake company invoices, and how we can help you fend off sophisticated cyber-scams.

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If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the donations. But what happens if you haven’t received such a letter — can you still claim a deduction for the gift on your 2021 income tax return? It depends.

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Businesses that sell tangible personal property may face additional state filing requirements in the future, thanks to a recent statement issued by the Multistate Tax Commission. The MTC’s revised guidance considers changes in how business is done in the digital economy, and it specifies a myriad of online activities that may now create income tax nexus.

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How much can your employees contribute to 401(k) plans this year? How much will your business be able to deduct for business meals, driving expenses and equipment in 2022? Here are the answers to these and other questions about tax inflation adjusted amounts and other changes affecting businesses.

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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