Since its enactment under the Tax Cuts and Jobs Act (TCJA) of 2017, the $10,000 cap on state and local tax (SALT) deductions has posed a significant challenge for taxpayers in high-tax states. This...
Read MoreThis festive season, as you immerse yourself in the joy of baking gingerbread cookies, remember that growing your business is much like crafting the perfect batch of treats. It requires patience,...
Read MoreWhen we hear the term "CPA" (Certified Public Accountant), many of us picture someone buried in piles of financial statements and spreadsheets, diligently crunching numbers all day long. While this...
Read MoreWhat is worse than an IRS audit? An IRS audit that you didn’t see coming! We recently launched our IRS Account Monitoring Service that allows us to pull transcripts and receive notification of exams...
Read MoreHappy Thanksgiving! During this special season, we’ve been thinking a lot about all the things we’re grateful for here at MBG…and it was a really long list. We thought you would be thankful that...
Read MoreWhile it may be the last thing on your mind, most business owners and professionals relish the opportunity to have an effective and strategic tax plan in place. Once you have started making great...
Read MoreNFTs are becoming a hot new commodity, making many people rich overnight. Just like with anything that makes money, however, it's important to think about the tax implications of the trading of NFTs,...
Read MoreTo put it simply, cost basis is the total amount invested in a stock or a property, plus any fees or commission involved in the purchase. It’s recorded by using the dollar amount of the investment or...
Read MoreIt’s the MOST beautiful time of the year! Tax planning time! I bet with an intro like that you thought this blog post was going to be all about how magical the holidays can be and, while that is...
Read MoreAs an attorney, you specialize in helping your clients navigate matters of the law. But managing the accounting and tax planning for your firm may be an entirely different story. Because tax laws can...
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