It’s Time for Your Website Annual Check-Up
Thanks to our "new normal," there is an ever-increasing demand for virtual experiences, shopping, transactions, and everything in between; it's critical for businesses to have their website health top-of-mind. Our sister company, Right to Evolve, is offering a free...
DWD Unemployment Benefit Charges Relief
The Wisconsin Department of Workforce Development (DWD) announced that employers who laid off employees due to the Executive Order #72 public health emergency, may qualify for relief from unemployment insurance (UI) benefit charges. Per the DWD announcement, form...
Wisconsin Farm Support Program
The Wisconsin Department of Revenue (WI DOR) announced the federally funded Wisconsin Farm Support Program, is now accepting applications. The program will provide $50 million of relief to farmers, who suffered economic damages in 2020. The funds awarded will be sent...
Press Release From the Office of Governor Evers
Below is a press release from the office of Wisconsin Governor, Tony Evers. FOR IMMEDIATE RELEASE: March 20, 2020 Contact: [email protected] or 608-219-7443 Gov. Evers Announces Federal Approval of Disaster Loans for Small Businesses MADISON — Gov. Tony Evers...
New Employee Joins MBE CPAs
Baraboo, WI – February 3, 2020 – Harlan Rose, a resident of Marshfield, has joined MBE CPAs. Harlan has over 36 years of public practice and holds the Enrolled Agent (EA) credential since 1986 as well as Accredited Business Accountant (ABA) credential since 2002. He...
Chris Iverson named Partner at MBE CPAs
MBE CPAs announced on January 1, 2020 that Chris Iverson, a resident of Reedsburg, has been named partner at MBE CPAs. A graduate of Lake Superior State University, Chris has been an associate with the firm for the past 12 years, and leads our attestation department,...
Rob Bohnert of MBE CPAs Earns CVA Credential
MBE CPAs announced on Decmeber 20, 2019 that Robert Bohnert has completed the certification process with the National Associaiton of Certified Valuators and Analysts (NACVA) to earn the Certified Valuation Analyst (CVA) designation. The CVA designation is an...
Year-End Tax Planning
Since 2017, MBE CPAs has been a proud member of RSM US Alliance, a premier affiliation of independent accounting and consulting firms in the United States. RSM US Alliance provides our firm with access to resources of RSM US LLP, the leading provider of audit, tax...
Final Overtime Rule Update
Department of Labor announced the final overtime rules that go into effect on January 1st, 2020. Learn more from our subsidiary Workforce Solutions.
Kali Burmester of MBE CPAs Earns CPA Credential
Kali Burmester of MBE CPAs Earns CPA Credential MBE CPAs announced today that Kali Burmester has passed the Uniform CPA Exam, becoming a Certified Public Accountant in Wisconsin. The American Institute of Certified Public Accountants (AICPA) administers the CPA...
Are You Leaving Money on the Table?
The Tax Cut and Jobs Act of 2017 (TCJA) eliminated many business deductions, but it didn’t touch the research and development (R&D) tax credit, which was made permanent with the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act).
Although many businesses meet the qualifying criteria, small and midsize businesses often don’t realize they can take advantage of this potentially lucrative dollar-for-dollar credit. Most businesses that design, develop or improve products, processes, techniques, formulas, inventions or software, however, can claim the credit. With some exceptions, like advertising and quality control expenses, R&D expenses are deductible to qualifying businesses.
Tax Saving from Contributions to Charitable Organizations
Taxpayers who do continue to itemize, generally high-net worth individuals, can continue to deduct their charitable contributions.
Measuring “fair value” for financial reporting purposes
The standard for valuing certain assets and liabilities under U.S. Generally Accepted Accounting Principles (GAAP) is “fair value.”
Predicting future performance
CPAs typically report historical financial performance. But sometimes they’re hired to predict how a company will perform in the future.
Close-up on financial statements
There are three types of financial statements under U.S. Generally Accepted Accounting Principles (GAAP).
Citizens Accounting of Neillsville & Loyal join MBE CPAs
MBE CPAs announces the purchase of Citizens Accounting, a division of Citizens State Bank of Loyal. Operations will continue out of their Neillsville and Loyal locations.
Close-up on professional standards for CPAs
By having a little familiarity with the guidance that accountants and auditors follow, business owners and managers are better able to take advantage of the services offered by CPAs.
Real ID Act Changes the Driver’s License Landscape
For federal issues, such as boarding a plane or entering secure federal facilities, you’ll need a Real ID driver’s license.