Jan 24, 2024 | Business Planning, Closely Held Business, Estate Planning, Featured News and Events, Not-for-Profit, Personal Financial Planning, Real Estate
Last week, Dr. Terry Clower was guest speaker for MCB’s annual Economic Outlook event, where he shared insights on the state of our national and local economies. MCB has sponsored the Economic Outlook event with Dr. Clower in January for the past 10 years. Also...
Jan 11, 2024 | Business Planning, Closely Held Business
The small business pages on IRS.gov serve as comprehensive guides for people looking to navigate the entire life cycle of their business as well as their business-related tax obligations. If you are starting a business and need assistance figuring out the appropriate...
Jan 9, 2024 | Business Planning, Closely Held Business, Tax News
Business deductions must be both ordinary — common and accepted in your industry — and necessary, helpful and appropriate for your trade or business. Generally, you cannot deduct personal, living or family expenses, but if you have an expense for something that is...
Dec 26, 2023 | Business Planning, Closely Held Business, Tax News
Many businesses, their accountants and advisers have been wondering what’s happening with the employee retention credit, a refundable tax credit for businesses and tax-exempt organizations that had employees and were affected by the COVID-19 pandemic. In recent...
Dec 19, 2023 | Business Planning, Closely Held Business, Tax News
State and local tax issues are a big part of a company’s tax liability. In fact, they are so impactful that a lot of companies actively decide to relocate to states that are regarded as low-tax states by the Tax Foundation, such as Florida, Nevada and North...
Dec 12, 2023 | Business Planning, Closely Held Business
When you want to apply for an SBA loan, you must do so by going through a bank or credit union. Then, the bank or credit union applies to the SBA for a loan on your behalf. This application process is intended to obtain a loan guarantee, meaning if you end up...
