MBE Blog

Industry insights and education to keep you up to speed and ahead of the competition.

MBE CPAs / Blog
Year-End Tax Planning

Year-End Tax Planning

Since 2017, MBE CPAs has been a proud member of RSM US Alliance, a premier affiliation of independent accounting and consulting firms in the United States.  RSM US Alliance provides our firm with access to resources of RSM US LLP, the leading provider of audit, tax...

Final Overtime Rule Update

Final Overtime Rule Update

Department of Labor announced the final overtime rules that go into effect on January 1st, 2020. Learn more from our subsidiary Workforce Solutions.

Kali Burmester of MBE CPAs Earns CPA Credential

Kali Burmester of MBE CPAs Earns CPA Credential

MBE CPAs announced today that Kali Burmester has passed the Uniform CPA Exam, becoming a Certified Public Accountant in Wisconsin. The American Institute of Certified Public Accountants (AICPA) administers the CPA examination to ensure only qualified individuals...

Are You Leaving Money on the Table?

Are You Leaving Money on the Table?

The Tax Cut and Jobs Act of 2017 (TCJA) eliminated many business deductions, but it didn’t touch the research and development (R&D) tax credit, which was made permanent with the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act).

Although many businesses meet the qualifying criteria, small and midsize businesses often don’t realize they can take advantage of this potentially lucrative dollar-for-dollar credit. Most businesses that design, develop or improve products, processes, techniques, formulas, inventions or software, however, can claim the credit. With some exceptions, like advertising and quality control expenses, R&D expenses are deductible to qualifying businesses.

Predicting future performance

Predicting future performance

CPAs typically report historical financial performance. But sometimes they’re hired to predict how a company will perform in the future.

Close-up on professional standards for CPAs

Close-up on professional standards for CPAs

By having a little familiarity with the guidance that accountants and auditors follow, business owners and managers are better able to take advantage of the services offered by CPAs.

Can You Still Deduct Meal Expenses?

Can You Still Deduct Meal Expenses?

The Tax Cuts and Jobs Act eliminated the deduction for any expenses related to activities that used to be considered entertainment, amusement or recreation.

DOL Revisits Overtime Rule in Proposal

DOL Revisits Overtime Rule in Proposal

On March 7, the Department of Labor released a proposed rule that would raise the so-called salary-level threshold for white-collar exemptions to $35,308 per year from $23,660.

New IRS Tax Audit Rules for Partnerships

New IRS Tax Audit Rules for Partnerships

Significant changes to the Internal Revenue Service’s (“IRS”) partnership audit rules have become effective for partnership tax years beginning in 2018.