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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.

Businesses and nonprofit entities capitalize machines, furniture, buildings, and other property, plant and equipment (PPE) assets on their balance sheets. Here’s a refresher on some common questions about how to properly report these long-lived assets under U.S. Generally Accepted Accounting Principles (GAAP).

The Small Business Administration announced that the Paycheck Protection Program reopened the week of January 11. If you’re fortunate to get a PPP loan to help during the COVID-19 crisis (or you received one last year), you may wonder about the tax consequences.

If you have a traditional IRA or tax-deferred retirement plan account, you probably know that you must take required minimum distributions (RMDs) when you reach a certain age — or you’ll be penalized.

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Business owners want to begin laying out a smooth ownership transition, perhaps grooming a successor, years in advance. And you shouldn’t officially hand over the reins until many minute details have been checked and rechecked.

Obtaining a quality of earnings report is a crucial step in the due diligence process of an acquisition.  We outline five questions you should ask yourself to glean important insight into your quality of earnings analysis.

To help you make sure you don’t miss any important 2021 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due.

The Consolidated Appropriations Act, 2021 contains billions of dollars in additional stimulus funding in response to the COVID-19 pandemic, numerous tax law changes, and many unrelated provisions.

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You may be eligible to use more than one tax payer filing status. This article contains your five choices.

Can you benefit from the massive new Consolidated Appropriation Act signed into law? Here are some of the tax highlights for individuals.

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.

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