February 2022 Updates
Smart business, accounting, tax, and planning ideas from your MMKR CPAs!
Statements on Auditing Standards (SAS) Numbers 134-140
The American Institute of Certified Public Accountants (AICPA) has published its Audit and Accounting Guide, State and Local Governments, updated through March 1, 2021. This guide provides valuable guidance to auditors and accountants working in the area of state and local governments. It is intended to help practitioners properly record transactions according to generally accepted accounting principles (GAAP) and audit and report on those financial statements in accordance with generally accepted auditing standards (GAAS).

Learn more about the significant changes made to the new SAS guide.
The Ins and Outs of IRAs
Traditional IRAs and Roth IRAs have been around for decades and the rules surrounding them have changed many times. What hasn’t changed is that they can help you save for retirement on a tax-favored basis.

Here’s an overview...
What's New at MMKR?
The MMKR team tee’d off the New Year together with food, fun, and laughter at Top Golf. Even the brutally cold temps couldn’t stop us from gathering and having a great time. Here’s to another successful year together.

In Case You Missed It...
How will revised tax limits affect your 2022 taxes?
While Congress didn’t pass the Build Back Better Act in 2021, there are still tax changes that may affect your tax situation for this year. That’s because some tax figures are adjusted annually for inflation.
Entrepreneurs and taxes: How expenses are claimed on tax returns
While some businesses have closed since the start of the COVID-19 crisis, many new ventures have launched. Entrepreneurs have cited a number of reasons why they decided to start a business in the midst of a pandemic.
Keeping meticulous records is the key to tax deductions and painless IRS audits
If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. Specifically, you should carefully record your expenses in order to claim all of the tax deductions to which you’re entitled.
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.