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.

Life insurance benefits can help loved ones after your death. But you may want to keep proceeds from a policy out of your taxable estate. Here are some considerations.

As Congress and the Biden Administration look for sources of funding for new spending, one source of funding that has been proposed would result in significant changes to the estate and gift tax rules.

Is your business taking full advantage of the Employee Retention Credit?

Child care is expensive. The newly enhanced child and dependent care credit may help for 2021.

Eligible businesses affected by the COVID-19 pandemic now have until May 31, 2021 to apply for a PPP loan. Here’s the latest on the popular loan program.


Planning early for retirement can help you invest and cut costs to bring the biggest returns. Develop a strategy to retire early with Maxwell Locke & Ritter.

Parents and other eligible Americans to receive direct payments through the American Rescue Plan Act, including an increased Child Tax Credit for eligible taxpayers, part of which will be paid out monthly later this year.


Operating, investing or financing activity? It’s not always clear where transactions belong on your company’s statement of cash flows.


This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-and-one-half cents, to 56 cents per mile. As a result, you might claim a lower deduction for vehicle-related expenses for 2021 than you could for 2020 or 2019.


Merger and acquisition activity in many industries slowed during 2020 due to COVID-19. But analysts expect it to improve in 2021 as the country comes out of the pandemic. If you are considering buying or selling another business, it’s important to understand the tax implications.

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