MKR CPAs & Advisors, LLC - Accounting and Tax Services

07/23/2026

Saving for retirement usually takes years of planning. But focusing on savings goals with tunnel vision can lead you to miss some tax rules that can quietly eat into your nest egg if you don’t see them coming. Here’s what to watch for.

Key Takeaways: RMDs become mandatory at age 73, and missing one can trigger a penalty of up to 25% of the required amount. A new temporary $6,000 deduct

07/23/2026

If retailers want to increase sales, they should cut prices, right? Not so fast. Constant discounts can shrink profits, and customers learn to wait for the next sale.

In many cases, how customers perceive a price matters just as much as the number on the tag. Pricing psychology isn’t about manipulating customers. It’s about understanding how people actually think about price and how they make purchasing decisions.

Key Takeaways: Customers judge prices relative to context, not in isolation — comparison and framing shape perceived value. Honest scarcity (real low

07/23/2026

One Year of the OBBBA: What It's Meant for Your Wallet
The One Big Beautiful Bill Act (OBBBA) made some of the biggest tax changes in years, and one year after Trump signed it into law, many Americans are still figuring out what it means for their finances. Here’s a look at some of the law’s biggest financial effects.

Key Takeaways: The OBBBA made most 2017 TCJA tax cuts permanent, avoiding a scheduled tax increase in 2026. New "no tax on tips" (up to $25,000) and "no

02/25/2026

💡 Inherited an IRA? The Rules Have Changed.

If you inherited an IRA in 2020 or later, you may be subject to the SECURE Act’s 10-year rule — meaning the entire account must be withdrawn within 10 years.

For traditional IRAs, withdrawals are taxed as ordinary income. Waiting until year 10 could push you into a much higher tax bracket.

Some beneficiaries — including spouses, minor children, and certain disabled or chronically ill individuals — may qualify for exceptions.

The key is planning. Spreading withdrawals over time can help reduce the tax impact.

If you’ve inherited an IRA and aren’t sure how the rules apply to you, MKR CPAs can help you create a smart withdrawal strategy.

https://mkrcpas.com/how-to-avoid-the-10-year-tax-trap-with-an-inherited-ira/

02/25/2026

🛍️ Retail Is Changing — And So Are Consumers

Value-focused shopping is here to stay. Today’s consumers are comparing prices, waiting for sales, and choosing brands that clearly deliver value.

At the same time, AI is transforming retail — from smarter inventory management to personalized marketing and customer experiences. But personalization must be handled thoughtfully to build trust.

Add in supply chain shifts and rising costs, and one thing is clear: margin management and flexibility are more important than ever.

Retailers who adapt strategically — without losing customer trust — will come out ahead.

Facebook Twitter LinkedIn The retail landscape has been reshaping since the pandemic, and what seemed like temporary changes have now solidified into permanent shifts in how consumers shop and what they expect from retailers. Here are the key trends shaping retail this year. Value-Oriented Consumers...

02/25/2026

💰 Owe Back Taxes? Your Refund May Not Be Coming.

If you owe federal taxes, the IRS will likely apply your refund to your outstanding balance — even if you’re on a payment plan. In some cases, refunds can also be offset for student loans, child support, or state tax debt.

If your refund doesn’t cover what you owe, the remaining balance will continue to accrue interest and penalties.

The good news? You have options — including payment plans and other resolution programs.

Don’t ignore the problem. The sooner you act, the more options you’ll have.

📞 Contact MKR CPAs if you need guidance.

Facebook Twitter LinkedIn If you owe back taxes and you’re expecting a refund this year, you might be wondering if the IRS will keep it. In some cases, yes. In others, no. Whether the refund reaches your bank account depends on several factors. If you have unpaid federal tax debt, the IRS can appl...

01/27/2026

What Trump’s One Big Beautiful Bill Means for Your Tax Return: President Trump’s One Big Beautiful Bill (OBBB) could change your tax return in real ways. The bill offers potential relief for parents raising kids, workers earning tips or overtime, and seniors on fixed incomes. There are a few key areas to pay attention to. Here’s what to know. No Taxes on Tips When tips are […]

The post What Trump’s One Big Beautiful Bill Means for Your Tax Return appeared first on MKR CPAs & Advisors.

Facebook Twitter LinkedIn President Trump’s One Big Beautiful Bill (OBBB) could change your tax return in real ways. The bill offers potential relief for parents raising kids, workers earning tips or overtime, and seniors on fixed incomes. There are a few key areas to pay attention to. Here’s wh...

01/27/2026

Top Veterinary Technology Trends for 2026 Every Practice Should Know: Running a veterinary clinic means juggling patient care, staff needs, and business operations. Technology can help ease that load, and in 2026, several trends are beginning to emerge for better efficiency, security, and staff and client support. Here are the technology trends shaping the veterinary industry in the year to come. AI Is Reshaping Workflow […]

The post Top Veterinary Technology Trends for 2026 Every Practice Should Know appeared first on MKR CPAs & Advisors.

Facebook Twitter LinkedIn Running a veterinary clinic means juggling patient care, staff needs, and business operations. Technology can help ease that load, and in 2026, several trends are beginning to emerge for better efficiency, security, and staff and client support. Here are the technology tren...

01/27/2026

More Americans Can Now Use HSAs: Health savings accounts (HSAs) are one of the best tools for saving on healthcare costs. And beginning this year, more Americans than ever will qualify for HSAs, thanks to the One Big Beautiful Bill (OBBB), which was passed last July. Read on to learn what’s changing, who qualifies, and how these updates could offer savings […]

The post More Americans Can Now Use HSAs appeared first on MKR CPAs & Advisors.

Facebook Twitter LinkedIn Health savings accounts (HSAs) are one of the best tools for saving on healthcare costs. And beginning this year, more Americans than ever will qualify for HSAs, thanks to the One Big Beautiful Bill (OBBB), which was passed last July. Read on to learn what’s changing, who...

01/26/2026

Attention: Due to the inclement weather and road warnings, our office will be closed on Monday, January 26. Our employees will have limited access to emails. Thank you.