Thursday, December 2, 2021
Healthcare can be one of the priciest yet essential parts of life’s journey. And yet, many struggle to utilize the financial tools that may help. Take Health Saving Accounts (HSAs), for example. In 2019, 55% of those with HSAs...
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Friday, August 20, 2021
Who Should Consider A High Deductible Health Plan? What is a High Deductible Health Plan?A High Deductible Health Plan (HDHP) is a government Marketplace health plan with an annual deductible of at least $1,400 for an individual or $2...
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Friday, August 20, 2021
1. Tax-Free WithdrawalsMoney that goes into a Roth IRA is after-tax dollars. Because you've already paid taxes on that money, once it is withdrawn, it comes out tax-free. There are some restrictions on those withdrawals if you want to...
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Tuesday, June 29, 2021
June 29, 2021 Recently, there were changes made to the child tax credit that will benefit many taxpayers. As part of the American Rescue Plan Act that was enacted in March 2021, the child tax credit: Amount has increased for certain...
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In most states, December 31 is an important deadline for parents and grandparents contributing to 529 plans. To qualify for a state tax credit or deduction this year related to your contribution, you may have to meet that year-end...
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2020 Year-End Tax Planning Tips for Businesses and Individuals This has been a year of economic and tax uncertainty with the impact of the COVID-19 pandemic,potential stimulus bills, and the presidential election. As a result, tax...
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The Boys & Girls Clubs of Columbia’s slogan for the last six months has been “Whatever It Takes” due to the increased needs of the community during the COVID pandemic. Because of COVID, Boys & Girls Clubs of Columbia...
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This holiday season our office wanted to share some of our favorite recipes with you. The incredibly talented cooks at our office have shared everything from family heirloom recipes to made from scratch recipes. We hope you will find a...
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As 2020 begins winding to a close, it’s a good time to evaluate any financial to-dos left unchecked. The last few months of the year are a great time to look at your charitable giving and decide if there’s more you can do...
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Tuesday, October 20, 2020
Whoa! You graduated, and now it is time to make a plan to start paying on your student loans. It is tough to figure out what is the best strategy. There is good news though. Your loans owned by the U.S. Department of Education have...
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You don’t need an expert to tell you it’s been a rough year financially for a lot of people in the U.S. and across the globe. Markets are down, unemployment is up, and that leaves many feeling uneasy about the future. Now,...
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Planning for anything — let alone retirement — right now might seem impossible. COVID-19 has thrust the world into uncertainty, disrupting short- and long-term arrangements. However, it’s essential to take care of...
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We are more than halfway through 2020, and it’s been an unprecedented year. With the amount of change that’s occurred, your financial strategy may need some adjustments. A midyear checkup accomplishes many things. Here are...
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Tuesday, July 21, 2020
The team at MBC is here to help small businesses understand the Paycheck Protection Program (PPP). CPA and Professional Staff Manager, Matthew Vandelicht, answers the top three questions our clients have about this program.
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As small businesses continue dealing with the effects of the novel coronavirus (COVID-19) pandemic, the MBC team remains dedicated to helping you navigate the changes and challenges you’ll face as we enter a new version of...
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Monday, May 18, 2020
Updated as of May 18, 2020. In the midst of the novel coronavirus (COVID-19) pandemic, the MBC Team has worked to assemble this list of resources that have been enacted or are available for individuals, small businesses, employers and...
Read MoreTreasury Secretary Steven Mnuchin announced on March 20, 2020, Tax Day has been moved to July 15, 2020. All taxpayers and businesses will have additional time to file and make payments without interest or penalties. We will continue...
Read MoreThe spread of coronavirus (COVID-19) is on all our minds and in the news. We’d like to reassure you that we have been monitoring this situation closely to ensure we can meet the ongoing needs of our customers. Our goal is to help...
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After one of the most monumental revisions of the Internal Revenue Code in more than 30 years, tax law changes enacted a few years ago may impact the 2019 federal tax return you file this year. All U.S. taxpayers — including...
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How can we do things better for our clients? As we look back over the past year, that question was a driving force as we focused on effectiveness and efficiency. In all we accomplished, our end goal was the same — making...
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There’s a movement afoot to make sweeping changes in the way we save for retirement. Three pieces of legislation awaiting action in Congress would, among other changes, extend the age limit for contributing to traditional IRA...
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Miller, Bales & Company is a financial planning agency led by certified public accountants. How does this model provide an advantage for business owners that want help with boosting how they do business, when it comes to tax and wealth...
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