October 2023 Updates

Smart business, accounting, tax, and planning ideas from your MMKR CPAs!



Investment Swings: What's the Tax Impact?

If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided tax-wise until the end of the year, when the final results of your trades will reveal your 2023 tax situation. Here’s what you need to know to avoid tax surprises...

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Selling Your Home for a Big Profit? Here Are the Tax Rules...

Depending on your home sale profit and your income, some or all of the gain may be tax-free. But for higher-income people with pricey homes, there may be a tax bill. Here's everything you need to know before putting your home up on the market...

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Social News

School Supply Drive!


Our employees recently collected school supplies to donate to Aquila Elementary School in St. Louis Park. We love nothing more than helping out our local communities!

In Case You Missed It...

Pocket a tax break for making energy-efficient home improvements

Making energy-efficient improvements or purchasing energy-saving property for your home? The Inflation Reduction Act may have other tax breaks you can benefit from for making clean energy purchases, such as installing solar panels. Here's what you need to know...

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Could your business benefit from interim financial reporting?

When many business owners see the term “financial reporting,” they immediately think of their year-end financial statements. And, indeed, properly prepared financial statements generated at least once a year are critical.

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Plan now for year-end gifts with the gift tax annual exclusion

By properly using the annual exclusion, gifts to family members and loved ones can reduce the size of your taxable estate, within generous limits, without triggering any estate or gift tax. 

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Do you have questions about your specific goals or strategies?

Each of our clients is unique; therefore, we provide solid, forward-thinking business strategies, expertise, and advice along with traditional accounting, audit, and tax consulting services tailored to their needs.

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