Samantha Dickens Earns QuickBooks ProAdvisor Certification

Samantha Dickens, with over 16 years bookkeeping experience, has worked at MMB Advisors since 2021. She has taken a significant step forward in her accounting career by achieving the esteemed QuickBooks ProAdvisor certification. Building upon her background in tax, legal administration, and real estate, Samantha's newfound expertise in QuickBooks software will greatly benefit MMB's clients [...]

By |2023-06-12T16:01:37+00:00June 12th, 2023|Accounting, Financial|Comments Off on Samantha Dickens Earns QuickBooks ProAdvisor Certification

PPP2 Loan Forgiveness Portal

After the confusion of the first Paycheck Protection Program (PPP) Loan Forgiveness process, there is hope! The Small Business Administration (SBA) announced a new portal for borrowers of $150,000 or less in the second round of PPP loans which allows borrowers to apply directly to the SBA for forgiveness. Lenders must opt-in for borrowers [...]

By |2022-06-02T13:36:27+00:00August 5th, 2021|Accounting, Financial, Governments, Tax|Comments Off on PPP2 Loan Forgiveness Portal

Recent Tax Developments for Business Owners

Partner, John Michel, presented to local business executives and clients of Wells Fargo Advisors a presentation surrounding the recent tax developments. With the TCJA (Tax Cuts and Jobs Act), 2017 Tax Reform, lots of updates are coming to individuals and businesses alike. Here are some of the issues worthy of your attention: What's eligible or [...]

By |2022-06-02T13:36:57+00:00December 10th, 2019|Accounting, Audit, Financial, Tax|Comments Off on Recent Tax Developments for Business Owners

Year-End Tax Planning Seminar

Our 2019 Tax Planning Seminar will help you get a leg up on what’s happening in tax reform and how it affects your business. THURSDAY, NOVEMBER 7, 2019 8:30 AM – registration / networking; 9:00 AM – 10:30 AM – presentation 4350 Glendale-Milford Road, Blue Ash, Ohio Here are just a few of the topics, [...]

By |2022-06-02T13:37:05+00:00October 28th, 2019|Accounting, Audit, Events, Financial, Tax|Comments Off on Year-End Tax Planning Seminar

IRS Encourages Taxpayers to Develop Emergency Preparedness Plan

The IRS has reminded taxpayers—whether individuals, organizations or businesses—to develop an emergency preparedness plan as the peak of hurricane season fast approaches. Taxpayers should place original documents such as tax returns, birth certificates, deeds, titles, and insurance policies inside waterproof containers in a secure space. Duplicates of these documents should be kept with a trusted [...]

By |2022-06-02T13:37:05+00:00October 25th, 2019|Accounting, Audit, Financial, Governments|Comments Off on IRS Encourages Taxpayers to Develop Emergency Preparedness Plan

Reliance Regs Address Qualified Opportunity Funds and Zones

Proposed regulations address gains that may be deferred when taxpayers invest in a qualified opportunity fund (QOF). Taxpayers may generally rely on these new proposed regulations. The IRS has also requested comments. The proposed regulations also withdraw and replace placeholder provisions in an earlier set of proposed regulations ( REG-115420-18). These concern: the definition of [...]

By |2020-03-06T18:50:17+00:00May 24th, 2019|Accounting, Financial, Tax|Comments Off on Reliance Regs Address Qualified Opportunity Funds and Zones

Will the Opportunity Zone Program Benefit You?

Last year’s tax reform created a new Opportunity Zone program, which offers qualifying investors certain tax incentives aimed to spur investment in economically distressed areas. Treasury Secretary Steven Mnuchin has predicted that the Opportunity Zone program will create $100 billion in private capital that will be invested in designated opportunity zones. The IRS released the [...]

By |2020-03-06T18:50:18+00:00January 3rd, 2019|Accounting, Financial, Tax|Comments Off on Will the Opportunity Zone Program Benefit You?

10 Percent Middle-Income Tax Cut Expected in 2019

A new, 10 percent middle-income tax cut is conditionally expected to be advanced in 2019, according to the House’s top tax writer. This timeline, although largely already expected on Capitol Hill, departs sharply from President Donald Trump’s original prediction that the measure would surface by November. Middle-Income Tax Cut President Donald Trump announced on October [...]

By |2020-03-06T18:50:18+00:00December 14th, 2018|Accounting, Tax|Comments Off on 10 Percent Middle-Income Tax Cut Expected in 2019

Retirement Savings Bill to Restore MyRA Program

The Senate Finance Committee’s (SFC) top ranking Democrat has introduced a retirement savings bill to restore the program known as myRA that was terminated by Treasury last year. The myRA program was created by former President Obama through an Executive Order. The program will offer people who don't have access to retirement savings plan at [...]

By |2018-12-04T16:35:06+00:00November 10th, 2018|Accounting, Financial, Tax|Comments Off on Retirement Savings Bill to Restore MyRA Program

AICPA: Immediate Guidance Needed on S Corporation Issues

Taxpayers and practitioners need clarity on certain S corporation issues by next tax filing season, the American Institute of CPAs (AICPA) has said. In an August 13 letter sent to Treasury and the IRS, the AICPA requested immediate guidance on certain S corporation provisions under the Tax Cuts and Jobs Act (TCJA) (P.L. 115-97). S [...]

By |2018-10-02T16:06:37+00:00September 15th, 2018|Accounting, Tax|Comments Off on AICPA: Immediate Guidance Needed on S Corporation Issues
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