Jan 24, 2024 | Business Planning, Closely Held Business, Estate Planning, Featured News and Events, Not-for-Profit, Personal Financial Planning, Real Estate
Last week, Dr. Terry Clower was guest speaker for MCB’s annual Economic Outlook event, where he shared insights on the state of our national and local economies. MCB has sponsored the Economic Outlook event with Dr. Clower in January for the past 10 years. Also...
Jan 16, 2024 | Personal Financial Planning, Tax News
The beginning of the new year is the time for taxpayers to start gathering their documents for filing their 2023 returns. The IRS has announced some important enhancements taxpayers should be aware of to ease the yearly burden. It’s hoped taxpayers will find...
Jan 2, 2024 | Personal Financial Planning, Tax News
You might think that gig work is a way to avoid paying taxes on money you receive as income. This is a common misconception. While working as a driver for a ride-sharing business or offering your house as a short-term rental are jobs that do not come with the same...
Dec 28, 2023 | Personal Financial Planning, Tax News
The IRS has raised the contribution limit by $150 for these accounts. FSA participants can now contribute up to $3,200 through payroll deductions during the 2024 plan year. This is up from $3,050 in 2023. In some instances, the employer may also contribute to the...
Nov 30, 2023 | Personal Financial Planning, Tax News
Reduce your taxes or increase your refund for your next return by planning throughout the year. The IRS suggests that your first consideration should be going to IRS.gov for online tools that can help you file and pay taxes, find information about your accounts and...
Nov 22, 2023 | Personal Financial Planning, Tax News
The Inflation Reduction Act of 2022 has altered the requirements for the clean vehicle tax credit, particularly for electric vehicles, including fuel cell vehicles. The credit is available for eligible commercial clean vehicles in addition to vehicles that were...
