mkocpa.com RSS Feed https://mkocpa.com/ Take a look at our recent blog posts and client newsletter articles. en-us Wed, 01 Sep 2021 09:00:00 -0500 Wed, 01 Sep 2021 09:00:00 -0500 What Is a Designated Roth Account? https://www.mkocpa.com/newsletter.php#2 If you are a high-income earner who participates in a 401(k), 403(b), or governmental 457(b) retirement plan that has a designated Roth account, making contributions to that account could be a smart move. Wed, 01 Sep 2021 09:00:00 -0500 https://www.mkocpa.com/newsletter.php#2 Verifying Your Identity When Calling the IRS https://www.mkocpa.com/newsletter.php#4 If you need to contact the IRS, you will be asked to verify your identity. Here's what you need to know before you call. Wed, 01 Sep 2021 09:00:00 -0500 https://www.mkocpa.com/newsletter.php#4 Tax Rules for Divorce and Alimony Payments https://www.mkocpa.com/newsletter.php#5 Tax rules regarding divorce and separation can and do change - as they recently did under tax reform - and the last thing on anyone's mind during a divorce or separation is its effect on their tax situation. Wed, 01 Sep 2021 09:00:00 -0500 https://www.mkocpa.com/newsletter.php#5 Tax Relief for Those Affected by Natural Disasters https://www.mkocpa.com/newsletter.php#1 Tax relief may be available if you've been affected by a natural disaster this year, but only if you meet certain conditions. Wed, 01 Sep 2021 09:00:00 -0500 https://www.mkocpa.com/newsletter.php#1 Six Things To Know Before You Start a Business https://www.mkocpa.com/newsletter.php#3 Starting your own business is an exciting prospect, but there is more to it than simply writing a business plan. Wed, 01 Sep 2021 09:00:00 -0500 https://www.mkocpa.com/newsletter.php#3 Which Educator Expenses Are Tax Deductible? https://www.mkocpa.com/newsletter.php#4 Teachers and other educators should remember that they can deduct certain unreimbursed expenses such as classroom supplies, training, and travel on their tax returns to reduce the amount of tax owed. Sun, 01 Aug 2021 09:00:00 -0500 https://www.mkocpa.com/newsletter.php#4 Retirement Plan Options for Small Businesses https://www.mkocpa.com/newsletter.php#5 Employer-sponsored retirement plans are a key component of retirement savings. If you're like many small business owners in the United States, you may be considering the various retirement plan options available for your company. Sun, 01 Aug 2021 09:00:00 -0500 https://www.mkocpa.com/newsletter.php#5 Opting Out of the Monthly Child Tax Credit Payment https://www.mkocpa.com/newsletter.php#2 While many families will benefit from the extra money deposited into their bank accounts, some may want to opt out and instead take the Child Tax Credit when they file their tax return next spring. Sun, 01 Aug 2021 09:00:00 -0500 https://www.mkocpa.com/newsletter.php#2 Minimizing Capital Gains Tax on Sale of a Home https://www.mkocpa.com/newsletter.php#3 Learn how to avoid capital gains tax and why home improvements that qualify for the residential energy property credit can make a difference when selling your home. Sun, 01 Aug 2021 09:00:00 -0500 https://www.mkocpa.com/newsletter.php#3 Key Tax Changes Could Affect Your Tax Situation in 2021 https://www.mkocpa.com/newsletter.php#1 Key tax provisions in the American Rescue Plan Act of 2021 could affect your tax situation. Here's what you need to know. Sun, 01 Aug 2021 09:00:00 -0500 https://www.mkocpa.com/newsletter.php#1 New IRS 2017 Pension Plan Limitations https://www.mkocpa.com/blog.php?id=63 New IRS 2017 Pension Plan Limitations Fri, 28 Oct 2016 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=63 Social Security Announces Benefit Increase for 2017 https://www.mkocpa.com/blog.php?id=62 Social Security Announces 0.30 Percent Benefit Increase for 2017 Wed, 19 Oct 2016 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=62 New IRS Per Diem Rates announced https://www.mkocpa.com/blog.php?id=61 New IRS Per Diem Rates announced Wed, 28 Sep 2016 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=61 Fake Tax Bill Emails https://www.mkocpa.com/blog.php?id=60 IRS Warns of Fake Tax Bill Emails Fri, 23 Sep 2016 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=60 Memorial Day FTD Penalty Error https://www.mkocpa.com/blog.php?id=59 Mon, 08 Aug 2016 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=59 Recent SC Department of Revenue Withholding change https://www.mkocpa.com/blog.php?id=58 Upcoming SC withholding changes Fri, 24 Jun 2016 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=58 IRS processing problems https://www.mkocpa.com/blog.php?id=57 IRS reports of computer hardware failures leading to shut down of tax processing systems. Thu, 04 Feb 2016 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=57 IRS begins accepting business tax returns on Jan 13, 2014 https://www.mkocpa.com/blog.php?id=55 IRS begins accepting business tax returns on Jan 13, 2014 Fri, 27 Dec 2013 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=55 2014 Tax Season opens on Jan 31, 2014 https://www.mkocpa.com/blog.php?id=56 2014 Tax Season opens on Jan 31, 2014 Fri, 27 Dec 2013 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=56 IRS Releases the 2014 Standard Mileage Rates https://www.mkocpa.com/blog.php?id=54 IRS Releases the 2014 Standard Mileage Rates Mon, 09 Dec 2013 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=54 IRS Updated \"Where\'s My Refund?\" Tool https://www.mkocpa.com/blog.php?id=53 For the first time this tax season, the "Where's My Refund?" tool will provide personalized refund timelines for taxpayers. Thu, 24 Jan 2013 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=53 IRS Delays Tax Season until End of January https://www.mkocpa.com/blog.php?id=52 IRS Delays Tax Season until End of January Wed, 09 Jan 2013 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=52 Congress Passes Fiscal Cliff Act https://www.mkocpa.com/blog.php?id=51 Congress Passes Fiscal Cliff Act Wed, 02 Jan 2013 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=51 IRS publishes guidance on Net Investment Income Tax https://www.mkocpa.com/blog.php?id=50 Net Investment Income Tax FAQs Mon, 17 Dec 2012 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=50 Clean-up and Give! https://www.mkocpa.com/blog.php?id=49 Get rid of that clutter and help others in the process. Thu, 06 Dec 2012 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=49 IRS announces 2013 standard mileage rates https://www.mkocpa.com/blog.php?id=48 Mon, 26 Nov 2012 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=48 Cyber Attack at SC Department of Revenue https://www.mkocpa.com/blog.php?id=47 Tue, 30 Oct 2012 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=47 IRS Announces 2012 Tax Filing Deadline Extended to April 17th https://www.mkocpa.com/blog.php?id=46 IRS Announces 2012 Tax Filing deadline and E-File acceptance dates Thu, 05 Jan 2012 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=46 Temporary Payroll Tax Cut Extension https://www.mkocpa.com/blog.php?id=45 Temporary Payroll Tax Cut Continuation Act of 2011 Tue, 27 Dec 2011 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=45 Standard Mileage Rates for 2012 Released https://www.mkocpa.com/blog.php?id=44 The IRS on Friday released standard mileage rates for use in 2012 (Notice 2012-1). Mon, 12 Dec 2011 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=44 Inflation Adjustments Made to Many Tax Items for 2012 https://www.mkocpa.com/blog.php?id=43 Tue, 25 Oct 2011 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=43 IRS announces Standard Mileage Rate Increase https://www.mkocpa.com/blog.php?id=42 Thu, 23 Jun 2011 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=42 New Payroll Change beginning in 2011 https://www.mkocpa.com/blog.php?id=41 The Internal Revenue Service has released a notice concerning the newly enacted 2011 withholding tables and rate changes. Tue, 28 Dec 2010 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=41 IRS Announces 2011 Standard mileage rates https://www.mkocpa.com/blog.php?id=40 Mon, 06 Dec 2010 09:00:00 -0600 https://www.mkocpa.com/blog.php?id=40 Federal Payroll Tax Deposit Reminder https://www.mkocpa.com/blog.php?id=39 Thu, 23 Sep 2010 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=39 Two New Tax Benefits Aid Employers Who Hire and Retain Unemployed Workers https://www.mkocpa.com/blog.php?id=37 Mon, 17 May 2010 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=37 Quickbooks payroll support of new HIRE Act https://www.mkocpa.com/blog.php?id=38 Mon, 17 May 2010 09:00:00 -0500 https://www.mkocpa.com/blog.php?id=38