MRPR Blog
SELECT A CATEGORY
New Interest Expense Limitations
The Tax Cuts and Jobs Act (TCJA) has something for everyone. For example, corporate tax rates were cut from a top marginal rate of 35% to a flat rate of 21%. And owners of most pass-through entities, such as S Corporations and partnerships, will realize a tax rate decrease of up to 10% as a result of the new Section 199A deduction. However,
New Tax Rules for Meals and Entertainment Expenses
As the 2018 calendar year end approaches, taxpayers should be aware of the new meals and entertainment rules for tax deductibility.
IRS Updates Transportation Industry Per Diem Rates
The IRS has increased the 2018–2019 per diem rates for substantiating employee business expenses under IRC Sec. 274(d) for lodging, meals, and incidental expenses incurred while traveling away from home.
What the Wayfair Case Means for Multi-State Sellers
If you’ve haven’t heard about the Supreme Court’s ruling on South Dakota v. Wayfair, it’s time to start paying attention. Wayfair, an online retailer of home furnishings since 2002, had been selling products without charging state sales tax, giving it a consumer benefit edge over its brick and mortar competitors.
MRPR Makes Crain’s Cool Places to Work 2018
We’re excited to announce that MRPR has made Crain’s 2018 list of Cool Places to Work in Michigan. MRPR ranks 78 among 100 companies recognized by their employees for having outstanding workplace culture. Also a big shout out to our clients at New Eagle, for making the list as well!
The Corporate Transparency Act: What You Need to Know
Beginning October 19, 2023, the Electronic Federal Tax Payment System (EFTPS) now requires multifactor authentication (MFA) for individuals and businesses to use the system. MFA is a cybersecurity best practice and adds another layer of security to the EFTPS.