Insights

Tax Tip: If you have a tax-deferred retirement plan, you probably know they’re designed to encourage you to grow your savings by leaving your money in the account. Therefore, withdrawals before age 59 ½ generally trigger a 10% penalty. But suppose you need to access your funds.

For the second year in a row, Meyers Brothers Kalicka, P.C. (MBK) held a pajama drive for Jammie Jingle as one of the fall community service initiatives.

As we gather this week to celebrate Thanksgiving, we want to take a moment to reflect on what truly matters… gratitude. To you, our valued clients, employees, and our community: thank you for being an essential part of our journey!

The alternative minimum tax (AMT) is similar to the regular federal tax system, but it has a different purpose. The AMT exists to make sure that people with certain types of income still pay taxes, regardless of the deductions they may qualify for.

As we enter the final months of 2025, it is important to think about setting yourself up for financial success. Consider these individual year-end tax planning tips.

The end if the year is an optimal time for tax planning for both individuals and business owners. The new tax legislation enacted in 2025 significantly complicates matters compared to other years.

Over a certain amount, payments made in the course of a trade or business must be reported to the payees and to the IRS, using a specific IRS form.

As the end of the year approaches, many people begin thinking about philanthropy. While planning charitable giving, it’s important to consider the potential impact of the One Big Beautiful Bill Act (OBBBA), signed into law on July 4.