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...
Department of Labor announced the final overtime rules that go into effect on January 1st, 2020. Learn more from our subsidiary Workforce Solutions.
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...
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.
Taxpayers who do continue to itemize, generally high-net worth individuals, can continue to deduct their charitable contributions.
The standard for valuing certain assets and liabilities under U.S. Generally Accepted Accounting Principles (GAAP) is “fair value.”
CPAs typically report historical financial performance. But sometimes they’re hired to predict how a company will perform in the future.
There are three types of financial statements under U.S. Generally Accepted Accounting Principles (GAAP).
MBE CPAs announces the purchase of Citizens Accounting, a division of Citizens State Bank of Loyal. Operations will continue out of their Neillsville and Loyal locations.
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.
For federal issues, such as boarding a plane or entering secure federal facilities, you’ll need a Real ID driver’s license.
Although related party transactions aren’t necessarily bad, they do raise some concerns about the risk of misstatement or omission in financial reporting.
The Tax Cuts and Jobs Act eliminated the deduction for any expenses related to activities that used to be considered entertainment, amusement or recreation.
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.
In 2016, the Marathon County Board of Supervisors adopted the Marathon County Uniform Addressing Project.
Significant changes to the Internal Revenue Service’s (“IRS”) partnership audit rules have become effective for partnership tax years beginning in 2018.
If you haven’t started the implementation process, it’s time to get the ball rolling.
Can you deduct medical and dental expenses? That’s a complicated question. To start with, your deductions must exceed 7.5 percent of your adjusted gross income.