Our goal for ‘MNMW Talks’ is to help provide up to date and interesting information about taxes, accounting, consulting, and litigation support that will have you coming back for more.

Changes to Fair Labor Standards Act (FLSA)

Dec. 30, 2019

Penalties can be very steep when dealing with non-compliance issues and FLSA, are you prepared for the new changes happening January 1, 2020? You should always check with your HR professional or employment attorney if ever in doubt. And if you have any questions we are just one phone call away!

MNMW Business Consulting

Nov. 1, 2019

Starting a business or own a business and not quite sure what to do next? That’s where our Business Consulting Services can help you succeed. In this MNMW Talks episode Partner, Victoria Loyola CPA, CHBC dives into the Business Consulting Services offered here at the firm. You can follow along as she talks about benchmarking, budgeting, and strategic planning for your future or even

Changes to Casualty Loss Deduction

Sept. 4, 2019

Hurricane season is here and we all know what that means. Winds, rain, and possible damage to your home and or property. Now, here is something you may not know. Previously, you were able to claim a deduction on your tax return from the amount of damages that were NOT reimbursed by your insurance company. However, changes that occurred as a result of the 2017 Tax Reform Act; state that you now must be within a presidentially declared disaster zone in order to claim a deduction.

Additional Videos Season 1

MNMW Forensic Accounting
S1E12 ~ When you hear “forensic accountant” what comes to mind? A scientist in a lab coat? Perhaps even a character from your favorite crime fighting show? If you are interested in learning more watch below as our MNMW Partner, Kelsey Griffin, CPA, CFE, explains what forensic accounting is, what they do, and when a forensic accountant may need to get involved.
Meals and Entertainment
S1E11 ~ Looking forward, if you own a business there are two significant changes to meals and entertainment that you need to be aware of when recording expenses.  For example, if you bring in meals for your team you previously could deduct 100 percent, now you are limited to a 50 percent deduction.
IRA Contribution
S1E10 ~ Did you know, if you are not covered by a retirement plan at work you have the ability to make IRA contributions to either a traditional or Roth IRA? You should plan to make this contribution before you file your 2019 tax return. The annual contribution limit is $6,000, or $7,000 if you are the age of 50 or older. Call into the firm for more information regarding IRA contributions.
Itemized Deductions
S1E9 ~ Did you know when you buy a car, a boat, or even a plane the sales tax associated with your purchase is deductible when you file your schedule A? Also, there have been some changes to the deductibility of the interest associated with your home equity line of credit.
Changes Affecting Businesses Pt.2
S1E8 ~ Have business owners seen a change in their business tax returns? Watch the video below to find out more!
SafeSend
S1E7 ~ The MNMW team uses SafeSend Returns to securely deliver your tax returns electronically. If you have any questions you can always call the firm or come in and talk, we would be happy to help.
IRS Direct Pay
S1E6 ~ Looking to pay your tax bill straight to the IRS using a secure service? IRS Direct pay is an easy way to pay directly from you checking or savings account with no extra cost. Life gets busy, you can now sign up for an email notification for when it’s time to pay so you never miss a deadline.
W-9 Tax Tips
S1E5 ~ Quick tax tip on the W-9. When you or your company hires an outside vendor to provide services it is important to have them complete a W-9. The information on this form will contain entity type, address, and the identification number of the person or company performing the service. This simple practice can make your year-end compliance less taxing.
IT Threats & Services
S1E4 ~ Have you heard about the Tech Advantage IT Services here at the firm? Watch as our IT Manager/Consultant, Michael Tarabokija, goes over some tips and tricks to keep YOU and your company safe! Also, learn why the firm is no longer accepting flash drives and how you can EASILY and SAFELY send us files.
Changes Affecting Businesses pt.1
S1E3 ~ Do you know of someone with a business? Do you own a business, yourself? Watch below to find out how you may be affected by tax changes.
Alimony, Estate & Gift Tax Changes
S1E2 ~ We hope everyone is having a fan{tax}tic start to the new year. Did you know that the rules for alimony, estate and gift taxes have changed as of December 31, 2018? Tune in to hear Julio Barina, CPA discuss how these new rules may affect you!
Changes Soon to Affect Taxpayers
E1S1 ~ This is the first MNMW Talks video presented by Julio Barina, CPA discusses upcoming changes that will be affecting taxpayers.

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