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Celebrating MRPR's 50th Anniversary: Opportunity in Numbers

Posted by MRPR on Jul 9, 2024 9:05:04 AM

At MRPR, we live by our motto of Opportunity in Numbers. As we celebrate our biggest number yet, our 50th Anniversary, we’re taking the opportunity to reflect on the values that got us here, the clients and team members that have grown with us, and why MRPR has stood the test of time. 

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Topics: News, Insider, Best Places to Work

Passing The Mic To Our Interns: Inside MRPR

Posted by MRPR on Apr 24, 2024 8:13:00 PM

Internships offer young professionals an opportunity to see what business is like outside of the classroom. Today's interns expect inclusion and real-world exposure to daily activities. They're there to do more than just take meeting notes and fetch coffee --they're there to learn. That's why we designed our internship program to closely mimic an entry-level accountant position with our firm, including exposure to all aspects of accounting and client services.

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Topics: Insider

IRS Releases Guidance on Employee Retention Credit

Posted by MRPR on Oct 31, 2023 10:24:00 AM

On September 14th, the IRS announced it would place a moratorium on processing new Employee Retention Credit (ERC) claims that would run through at least December 31st.

The ERC, introduced in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, is a refundable tax credit for businesses and tax-exempt organizations that had employees and were affected during the COVID-19 pandemic.

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Topics: News

MRPR is Named to 2023 Best Places to Work List

Posted by MRPR on Aug 28, 2023 9:11:02 AM

 

For the seventh year in a row, MRPR has been named to Crain's Detroit Business Best Places to Work in Southeast Michigan. Formerly known as Cool Places to Work, the list is created from a research-driven program that examines company practices, programs and benefits and surveys your employees for their perspective.

We're honored to make the list. We also maintain that we are still a pretty cool place. Below is what makes MRPR a cool and (officially) one of the best employers in Southeast Michigan.

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Topics: News, Best Places to Work

How the Build It in America Act May Affect Your Business

Posted by MRPR on Jul 27, 2023 9:10:14 AM

On June 13, the United States House Committee on Ways and Means, the chief tax-writing committee in the House of Representatives, passed the Build It in America Act (H.R. 3938). According to the Ways and Means Committee, this legislation would "counter China's growing global economic influence by restoring American business competitiveness, securing global supply chains, and prohibiting U.S. foreign land sales to companies from countries of concern."

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Topics: Tax Topics, Business Planning & Operations, Accounting Hot Topics, News

The Impact of ChatGPT and A.I. on Accounting

Posted by MRPR on Jun 15, 2023 3:48:30 PM

Unless you've been avoiding the internet for months (smart), you've probably heard about ChatGPT and the rise of artificial intelligence technology. While there is plenty of A.I. technology that has emerged in the past year, ChatGPT has made the biggest splash. It reportedly reached 100 million monthly active users, just two months after its launch according to a study by UBS.

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Topics: Accounting Hot Topics

How Changes to Form 1099-K May Affect Small Business Owners, Gig Workers, and You

Posted by MRPR on May 25, 2023 12:17:26 PM

Form 1099-K has undergone a series of changes over the past couple of years, and with U.S. Senators introducing legislation that would again alter who has to file a 1099-K, it's once again back in the accounting and tax spotlight.

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Topics: Accounting Hot Topics, News

Secure 2.0 and More Tax and Retirement Changes of 2023

Posted by MRPR on Mar 15, 2023 6:15:08 PM

A new year means brand new changes to your retirement plans via legislation and annual updates from government agencies like the IRS and the Social Security Administration. A typical new year is usually filled with enough changes to keep the team at MRPR on our toes, but 2023 is seeing even more changes than usual, mostly stemming from higher-than-normal inflation and the newly written law, nicknamed SECURE 2.0 Act. Here's everything you need to know to make sure your retirement plans stay on track in 2023.

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Topics: Tax Topics, Accounting Hot Topics, News

What Does a Lame Duck Congress Mean for Year-End Taxes?

Posted by MRPR on Dec 21, 2022 8:15:00 AM

As 2022 winds down, the same goes for our Senators and Representatives in Congress. And after a midterms election where Republicans took control of the House of Representatives and Democrats maintained control of the Senate, the 117th Congress begins what is known as a lame-duck session, before the new congressional session begins on January 3rd, 2023.

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Topics: Tax Topics, News

Answering Your Student Loan Forgiveness Questions

Posted by MRPR on Oct 24, 2022 9:35:06 AM

 

On August 24th, President Biden announced a plan to cancel thousands of dollars of student loan debt for millions of Americans. The plan included forgiving $10,000 in debt for those earning less than $125,000 per year and $20,000 for those that received Pell grants. 

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Topics: Tax Topics