MRPR Blog
SELECT A CATEGORY
Three Reasons To Have a 401(k) Audit
A 401(k) plan is a common retirement savings option that is offered by many employers to their employees. It’s important that companies know once an active participant threshold of 100 is met, the US Department of Labor (DOL) requires a certified audit of your 401(k) plan by a CPA firm. This is because there are risk factors that could impact
Q4 2019 Tax Headlines For Business Owners
While some people may not think that tax and accounting topics make for exciting headlines–we do! Here’s a quick round up of five tax-related headlines that impact many business owners heading into Q4.
Why Take An Accounting Internship With MRPR?
Searching for an open position with an accounting firm can be intimidating for anyone preparing to enter the workforce for the first time. There are many factors to consider when thinking about how to start your career and what experiences will be valuable to gain in your first job as an accountant. An accounting internship is a great way test
Does Your Business Provide Parking? Beware of TCJA
While the Tax Cuts and Jobs Act of 2017 (TCJA) is generally considered to be very business-friendly, there are many provisions implemented to pay for the cuts that can be treacherous for business taxpayers. One of these, Internal Revenue Code (IRC) Section 274(a)(4), specifies that “no deduction shall be allowed… for the expense of any qualified transportation fringe…provided to an
New Lease Accounting Rules To Be Delayed
The Financial Accounting Standards Board “FASB” has proposed a one year delay in the effective date required for private companies to implement the new lease accounting rules Leases Topic 842.
New Regulations Help Clarify Qualified Opportunity Zones
The IRS released new proposed regulations for Qualified Opportunity Zones on April 17, 2019. The new regulations seek to clarify the vague statutory language of Internal Revenue Code Section 1400Z-1 and 1400Z-2, outlining the tax benefits of Qualified Opportunity Zones.