July 2022 Updates
Smart business, accounting, tax, and planning ideas from your MMKR CPAs!
MN Continues to Issue Notices to Taxpayers
The Minnesota Department of Revenue has begun to adjust tax returns from 2019 and 2020. As a result of these adjustments, a number of taxpayers are receiving notices that they owe additional tax for these two years. These notices started to pop up late last year before the state paused the process for the 2021 tax filing season.

Learn more about these recent notices...
We Are Hiring!
At MMKR, we're always on the hunt for talented, hard-working individuals who have a passion for what they do. Think this sounds like you? Here are our current openings:

  • Governmental Audit and Accounting Manager
  • Associate Accountant
  • Administrative Assistant

Interested in becoming a member of the MMKR team, or know someone who might be? Learn more today!
This Month's Employee Highlight
Luke Mikiska
Associate Accountant

Meet Luke and his Golden retriever Finn. Luke started with MMKR in January of this year. Luke grew up in Farmington, MN and has lived there his whole life. In his free time, Luke likes to spend time outdoors hunting, fishing and traveling. He graduated with both a Bachelor and a master’s in accounting from Minnesota State University Mankato. Growing up, he always wanted a golden retriever and finally got himself one right around a year ago. Luke's biggest accomplishment recently is that he passed three of the four parts of the CPA exam.
In Case You Missed It...
Interested in an EV? How to qualify for a powerful tax credit
Sales and registrations of electric vehicles (EVs) have increased dramatically in the U.S. in 2022, according to several sources. However, while they’re still a small percentage of the cars on the road today, they’re increasing in popularity all the time.
Weathering the storm of rising inflation
Like a slowly gathering storm, inflation has gone from dark clouds on the horizon to a noticeable downpour on both the U.S. and global economies. Is it time for business owners to panic?
Is it a good time for a Roth conversion?
The downturn in the stock market may have caused the value of your retirement account to decrease. But if you have a traditional IRA, this decline may provide a valuable opportunity: It may allow you to convert your traditional IRA to a Roth IRA at a lower tax cost.
Do you have questions about your specific goals or strategies?

Each of our clients is unique; therefore, we provide solid, forward-thinking business strategies, expertise, and advice along with traditional accounting, audit, and tax consulting services tailored to their needs.