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

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.

MNMW Forensic Accounting Services

August 15, 2019

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? In this MNMW Talks episode 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 & Entertainment

July 11, 2019

If you own a business there are two significant changes to meals and entertainment that you need to be aware of when recording expenses. Previously, you could take a 50 percent deduction for entertainment such as taking a client to a sporting event, now entertainment expenses are no longer deductible. Meals have also had a significant change. 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.

Additional Videos

Itemized Deductions
May 22, 2019 ~ 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.
SafeSend
April 11, 2019 ~ 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.
Changes Affecting Businesses Pt.2
May 8, 2019 ~ Have business owners seen a change in their business tax returns? Watch the video below to find out more!
IRS Direct Pay
March 26, 2019 ~ 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
March 6, 2019 ~ 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.
IRA Contribution
June 11, 2019 ~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.
IT Threats & Services
Feb. 12, 2019 ~ 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
Jan. 22, 2019 ~ 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
Jan. 15, 2019 ~ 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
Jan. 9, 2019 ~ This is the first MNMW Talks video presented by Julio Barina, CPA discusses upcoming changes that will be affecting taxpayers.

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