Let’s be honest: letting someone into your books feels a little like handing over the keys to your house. You’ve worked hard to build your business, and the thought of giving a stranger access to your financials? It’s not just a business decision—it’s a personal one. So when we hear the objection: “I don’t feel […]
Worried About Sharing Your Finances? You’re Not Alone Read More »
Stay tax-compliant and maximize deductions with smart bookkeeping. Learn how bookkeepers help with taxes, sales tax filing, and financial organization! Running a business is exciting, but let’s be real—keeping up with taxes and compliance can feel like a never-ending headache. The good news? A bookkeeper can be your financial lifesaver, helping you stay organized, maximize
Bookkeeping & Taxes: Maximize Deductions, Stay Compliant! Read More »
Running a business is exciting—until you realize you’re spending more time tracking expenses than actually making money. That’s where bookkeeping comes in! But how much does bookkeeping really cost, and is it worth it? Let’s break down the pricing, whether bookkeepers charge hourly or flat rates, and if you can write off bookkeeping services on
Bookkeeping Costs Uncovered: Save Money & Avoid Pitfalls Read More »
Running a business is challenging enough without drowning in financial paperwork. Yet, bookkeeping remains one of the biggest headaches for entrepreneurs. If you’ve ever wondered whether you need a bookkeeper, how much it costs, or how it can help your business grow—you’re not alone! Let’s tackle some of the most common questions business owners ask
Smart Bookkeeping Secrets: Unlock Profit & Peace of Mind Read More »
Tax season is already a stressful time, and now, the IRS is facing massive layoffs that could slow down tax return processing, delay refunds, and impact customer service. With 6,700 employees being cut, taxpayers may experience longer wait times and challenges when seeking assistance. At MCMG Tax, we believe that preparation is key. In this
IRS Layoffs: Refund Delays & How to Avoid Them Read More »
Stay ahead this tax season! Discover why timely bookkeeping reduces stress, avoids costly mistakes, and maximizes savings year-round. The High Stakes of Tax Season Tax season is a time of year that comes with its own unique stressors. Whether you’re a business owner managing a web of income streams or an individual filing a straightforward
Why You Should Get Your Bookkeeping Done Now & Stay Organized Read More »
IRS raises 2025 business mileage rate to 70 cents per mile, reflecting updated vehicle costs. Learn what this means for your tax deductions 2025 Standard Mileage Rates Effective January 1, 2025, the standard mileage rates for cars, vans, pickups, and panel trucks are as follows: These rates apply to all vehicle types, including fully electric,
IRS Raises 2025 Business Mileage Rate to 70 Cents per Mile Read More »
The DOJ seeks Supreme Court approval to enforce the Corporate Transparency Act, impacting BOI reporting for millions of U.S. businesses. Learn more here. Background on the Corporate Transparency Act The Corporate Transparency Act (CTA), enacted in 2021, aims to enhance anti-money laundering efforts by requiring reporting companies to disclose information about their beneficial owners. These
The Internal Revenue Service (IRS) has issued a crucial reminder to taxpayers in disaster-affected areas: depending on their location, 2023 tax returns are due by either February 3, 2025, or May 1, 2025. This relief aims to accommodate individuals and businesses impacted by various natural disasters from late spring through the end of 2024. Understanding
IRS Reminder: Disaster Tax Deadlines Feb. 3 & May 1, 2025 Read More »
Prepare for the 2025 tax season! Learn key dates, IRS changes, and tips to organize your finances for stress-free filing and maximizing your refund. When Does the 2025 Tax Season Officially Open? The IRS typically begins accepting tax returns in mid to late January. For 2025, the exact opening date is yet to be confirmed,
2025 Tax Season: Key Dates, Changes, and How to Prepare Read More »
