Qualified 401(k) plans have numerous mandatory tasks that must be performed during the plan year on a timely basis. Find out how our affiliate, ML&R Wealth Management, helps clients with these tasks and prevents any of these duties from slipping through the cracks.

Back in late 2019, the first significant legislation addressing retirement savings since 2006 became law. The Setting Every Community Up for Retirement Enhancement (SECURE) Act has resulted in many changes to retirement and estate planning strategies, but it also raised some questions. The IRS has been left to fill the gaps, most recently with the February 2022 release of proposed regulations that have left many taxpayers confused and unsure of how to proceed.

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.

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.

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.

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.