MRPR Blog

Featured image for “How the Build It in America Act May Affect Your Business”

How the Build It in America Act May Affect Your Business

On June 13, the United States House Committee on Ways and Means, the chief tax-writing committee in the House of Representatives, passed the Build It in America Act (H.R. 3938). According to the Ways and Means Committee, this legislation would “counter China’s growing global economic influence by restoring American business competitiveness, securing global supply chains, and prohibiting U.S. foreign land
Featured image for “The Impact of ChatGPT and A.I. on Accounting”

The Impact of ChatGPT and A.I. on Accounting

Unless you’ve been avoiding the internet for months (smart), you’ve probably heard about ChatGPT and the rise of artificial intelligence technology. While there is plenty of A.I. technology that has emerged in the past year, ChatGPT has made the biggest splash. It reportedly reached 100 million monthly active users, just two months after its launch according to a study by
Featured image for “How Changes to Form 1099-K May Affect Small Business Owners, Gig Workers, and You”

How Changes to Form 1099-K May Affect Small Business Owners, Gig Workers, and You

Form 1099-K has undergone a series of changes over the past couple of years, and with U.S. Senators introducing legislation that would again alter who has to file a 1099-K, it’s once again back in the accounting and tax spotlight.

Subscribe to Our Blog

Get the latest in accounting news!
Subscribe

Featured image for “Secure 2.0 and More Tax and Retirement Changes of 2023”

Secure 2.0 and More Tax and Retirement Changes of 2023

A new year means brand new changes to your retirement plans via legislation and annual updates from government agencies like the IRS and the Social Security Administration. A typical new year is usually filled with enough changes to keep the team at MRPR on our toes, but 2023 is seeing even more changes than usual, mostly stemming from higher-than-normal inflation
Featured image for “Big Tax Savings Tips for Small Businesses, Startups, and Investors”

Big Tax Savings Tips for Small Businesses, Startups, and Investors

Making decisions in where and how to invest your money is critical for prospective investors. Thankfully, the IRS has several rules designed to incentivize investment in small businesses. Knowing the rules can help you in your portfolio planning; what to buy and when to sell. We’ll discuss three major provisions here: Section 1202, Section 1045, and Section 1244.
Featured image for “What Does a Lame Duck Congress Mean for Year-End Taxes?”

What Does a Lame Duck Congress Mean for Year-End Taxes?

As 2022 winds down, the same goes for our Senators and Representatives in Congress. And after a midterms election where Republicans took control of the House of Representatives and Democrats maintained control of the Senate, the 117th Congress begins what is known as a lame-duck session, before the new congressional session begins on January 3rd, 2023.