MKR CPAs & Advisors, LLC - Accounting and Tax Services

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an IRA in 2020 or later, you may be subject to the SECURE Act’s 10-year rule — meaning the entire account must be withdrawn within 10 years.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

12/22/2025

Should You Leave Your 401(k) in Your Employer Plan After Retirement?: When you retire, you don’t have to move your 401(k) right away, and for many retirees, leaving it where it is could be a smart move. Employers are increasingly adding features that make staying in the plan more appealing. Why? Partly because when employees with large balances leave their money in the plan, it helps […]

The post Should You Leave Your 401(k) in Your Employer Plan After Retirement? appeared first on MKR CPAs & Advisors.

Retirees may be able to keep their 401(k) in an employer plan. Learn when staying put makes sense and when a rollover may be better.

12/22/2025

Construction Outlook 2026: Key Risks and Growth Opportunities for Business Owners: The construction industry enters 2026 facing both persistent headwinds and emerging opportunities. Rising material costs, ongoing labor shortages, and policy uncertainty continue to challenge business owners. But at the same time, there’s an undercurrent of guarded optimism as the industry enters 2026. Here’s what construction companies need to know to plan for success in the […]

The post Construction Outlook 2026: Key Risks and Growth Opportunities for Business Owners appeared first on MKR CPAs & Advisors.

Rising labor costs, material price volatility, and policy uncertainty will shape construction in 2026. Learn the key risks and growth opportunities.

12/22/2025

What Small Business Owners Need To Focus on To Increase the Value of Their Business: When it comes to increasing the value of a small business, focusing on top-line growth won’t give you the whole picture. Revenue alone doesn’t always equal value, and a bigger business isn’t always a better one. If your long-term goal is to build a valuable business with options for your eventual exit plan, here’s what […]

The post What Small Business Owners Need To Focus on To Increase the Value of Their Business appeared first on MKR CPAs & Advisors.

Learn what really drives small business value, from profitability and clean books to systems that make your company attractive to buyers.

12/15/2025

Happy Holidays from the MKR CPAs Team! 🎁
To help you plan for any urgent year-end needs or appointments, we want to share our specific office schedule for the upcoming holidays.

Please view the image below for our detailed hours:

Key Dates & Hours:

Christmas Eve (Dec 24th): Modified hours, open from 8am to 12pm.

Christmas Day (Dec 25th): CLOSED

Day after Christmas (Dec 26th): CLOSED

New Year's Eve (Dec 31st): Modified hours, open from 8am to 12pm.

New Year's Day (Jan 1st): CLOSED

January 2nd: CLOSED

We appreciate your business throughout the year and wish you and your family a safe, restful, and joyous holiday season!

12/10/2025

Indiana Service Workers Alert: Don't Miss Out on the 2025 Tip Tax Deduction!

The new federal 'No Tax on Tips' law is official and offers a massive opportunity for financial relief. Starting January 1, 2025, you could deduct up to $25,000 of your reported tip income from your federal taxable income!

This is a powerful federal deduction, but remember the "Indiana Catch":

This is a federal income tax deduction only. Your Indiana State Taxes and your Social Security/Medicare (F**A) taxes are STILL being withheld on all reported tips.

Watch our quick 7-slide video guide to understand the deduction limits, who is eligible, and how to start tracking your tips for maximum savings when you file your 2025 tax return.

Curious if your specific job qualifies? The government has released a preliminary list covering hundreds of positions—from bartenders and hairdressers to valets and home movers. Check out the definitive list below, which details every eligible occupation:

Eligble Occuptations:
https://home.treasury.gov/system/files/136/Tipped-Occupations-Detailed-8-27-2025.pdf