MCB BLOG

As your trusted CPA & Advisor, we keep you informed of the latest tax & accounting news you can use.

Getting a Handle on Financial Fraud

During periods of economic stress, both civil and criminal incidents of fraud tend to rise as businesses face increased financial pressures. The current climate is posing exceptional challenges resulting from COVID-19. Attorneys are more likely than ever to turn to...

CPAs and the Search for Lost Profits

A multitude of disruptions can strike any business, causing catastrophic or partial losses and interruptions of revenues. Disasters occur in various guises, from fire and flood to fraud, theft, computer hacking and other malfeasance. The event may result in a one-time...

Analyzing the Merger and Acquisition Deal

When a company is involved in an M&A, either as a buyer or a target, analyzing the prospective transaction to determine if it makes sense for shareholders is critical. Knowing the basics of when or if a deal makes practical and financial sense is helpful, but...

Physician Practices and Their Tax Issues

Historically, physician practices were set up as sole proprietorships or partnerships. As the business of medicine and the liability risks grew more complex, however, new entities were created. Medical practices now have a number of legal organization form options,...

Home Office Deductions: A Refresher on the Rules

The Internal Revenue Code (IRC) allows taxpayers to claim a business deduction for expenses arising from the qualified use of all or part of a residence, as long as certain conditions are met. This deduction can be a particularly attractive tax planning tool for those...

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